Research Nester’s recent market research analysis on “Meloxicam Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global meloxicam market in terms of market segmentation by disease, drug type, end user, population type, dosage, dosage type, distribution channel, and by region.
Growing Geriatric Population to Promote Global Market Share of Meloxicam
The global meloxicam market is estimated to grow majorly on account of the increased geriatric population. The growing geriatric population and strategic expansion across hospitals have led to the adoption of meloxicam during the forecast period. For example, according to the population of 4,444 people according to Statistics Netherlands, in 2019, half of the adult population in the Netherlands was over 50 years old, which will lead to an increase in the meloxicam market. That means there are nearly 14 million adults and 7 million people over 50 years old. Furthermore, with the increasing prevalence of inflammatory diseases and chronic pain, adoption and demand for meloxicam is likely to increase the market growth during the forecast period.

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Some of the major growth factors and challenges that are associated with the growth of the global meloxicam market are:
Growth Drivers:
• Surge in Awareness about Meloxicam
• Rising Prevalence of Osteoarthritis
Challenges
The meloxicam market is subject to a number of regulatory challenges, such as the need to obtain approval from government agencies before new drugs can be marketed. These regulatory challenges can add to the cost of developing and marketing meloxicam and they can also delay the introduction of new products to the market. Side effects associated with meloxicam and competition from other NSAIDs are some of the major factors anticipated to hamper the global market size of meloxicam.

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By drug type, the global meloxicam market is segmented into combination drug, and prescribed drugs. The combination drugs segment is to garner notable revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Combination drugs are a group of drugs used to treat different diseases. The main reason for their increased demand is their effectiveness in treating more than one disease. For example, Vioxx was a combination drug used to treat both rheumatoid arthritis and pain.
By region, the Europe meloxicam market is to generate the highest revenue by the end of 2036. This growth is anticipated on account of the growing presence of refined medical facilities. Furthermore, the increasing prevalence of chronic pain conditions is expected to boost the market growth of meloxicam in the Europe region in the forecast period. Osteoarthritis and rheumatoid arthritis are the most common chronic pain conditions in Europe. The prevalence of these conditions is increasing due to the aging population and rising obesity rates.
This report also provides the existing competitive scenario of some of the key players of the global meloxicam market which includes company profiling of Healthy Life Pharma Private Limited., EPICON LIFESCIENCES LLP, Boehringer Ingelheim GmbH., Baudax Bio, Heron Therapeutics Inc., Avanstra Inc., PD-Rx Pharmaceuticals, Inc.,, and others.

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