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Ketorolac Market: Introduction

Ketorolac is an anti-inflammatory drug that is used to treat short-term, moderate to severe pain. Ketorolac is prescribed before or after medical procedures such as surgery. The drug blocks the production of certain natural substances that cause inflammation in the body, which in turn helps in the reduction of fever, pain, and swelling. Ketorolac is available in three water-soluble crystal forms. The molecular weight of ketorolac is 376.41. Ketorolac has mild interactions with at least 78 different drugs, moderate interactions with at least 228 different drugs, serious interactions with at least 47 different drugs.

Key Drivers, Restraints, and Opportunities of Global Key Drivers, Restraints, and Opportunities of Global Ketorolac Market

  • Ketorolac has diverse medicinal use such as, eye drop during eye surgery to surge pain in patients, treatment of dysmenorrhea ketorolac with paracetamol controls pain without affecting respiration in infants. Thus, diverse use of ketorolac in different medical conditions is prompting pharmaceutical companies to focus on research & development to strengthen their market share in the global ketorolac market.
  • According to a Science Direct article published in June 2020, ketorolac can be utilized for the treatment of PAK1-dependent COVID-19 infection and numerous other deadly viruses in the future.
  • Stringent regulatory scenario is projected to hamper the ketorolac market during the forecast period. For instance, in April 2020, Fresenius Kabi USA, LLC voluntarily recalled 13 lots of Ketorolac Tromethamine due to the presence of particulate matter composed of the following elements: carbon, silicon, oxygen, and polyamides. Furthermore, in March 2020, Hikma Pharmaceuticals PLC announced the voluntary recall of Ketorolac Tromethamine Injection USP 30mg/mL, 1mL fill/2mL vials to the medical facility and retail levels due to the presence of small visible particulate matter. Additionally, in April 2019, Sagent Pharmaceuticals, Inc. announced the voluntary recall all over the nation of one lot of Ketorolac Tromethamine Injection due to contamination being detected during a routine simulation of the manufacturing process.

Asia Pacific to Capture Major Share of Global Ketorolac Market

  • Asia Pacific is expected to account for a major share of the global ketorolac market due to a rise in amputations or other surgeries in the region. Moreover, well-established healthcare infrastructure and a hub for key industry players are major drivers of the ketorolac market in the region.
  • The ketorolac market in Latin America is estimated to expand at a rapid pace during the forecast period owing to a rise in healthcare infrastructure in the region. Moreover, an increase in road accidents, surgeries in Latin America is likely to propel the market in the region.

Key Players Operating in Global Ketorolac Market

The global ketorolac market is highly concentrated due to the presence of key players. Several manufacturers hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global ketorolac market.

Major players operating in the global ketorolac market are listed below:

  • Omeros Corporation
  • Assertio Holdings, Inc.
  • Allergan
  • Dr. Reddy’s Laboratories Ltd.
  • Viatris Inc.
  • Akorn, Incorporated
  • Sun Pharmaceutical Industries Ltd.
  • Dallas Formulations (P) Ltd.
  • Others

Global Ketorolac Market: Research Scope

Global Ketorolac Market, by Patient type

  • Adult Patients
  • Geriatric Patients
  • Pediatric Patients

Global Ketorolac Market, by Route of Administration

  • Intravenous (IV)
  • Intramuscular (IM)
  • Oral

Global Ketorolac Market, by Dosage Form

  • Tablet
  • Injectable solution
  • Prefilled syringe

Global Ketorolac Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Ketorolac Market

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