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Pharma-grade Synthetic Camphor Market: Surge in Over the Counter (OTC) Products Substantiates Dominance of North America

Press release Description

Albany, New York, July 8, 2019: Developed in the early 20th century, synthetic camphor is known to be cheaper and scalable. Synthetic camphor are being used as a major ingredient for pain relief, anti-inflammatory and decongestant and has become popular for preventing skin irritation and infection. Further, prevalence of over the counter medications (OTC) at pharmacy chains is seen as a growing trend in the pharma-grade synthetic camphor market. Further, soaring rate of self-medication has led to drastic rise in the consumption of OTC products containing camphor.

These actionable insights are in accordance with the intelligence report, titled, “Pharma-grade Synthetic Camphor Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been of late added to Market Research Reports Search Engine’s (MRRSE) ever-growing armamentarium.

Profound cases of cold sores, fungal infections, and flu are a few of the factors that are expected to propel the growth of pharma-grade synthetic camphor market. However, oral consumption, exposure to broken skin and excessive use are said to derail the growth of pharma-grade synthetic camphor market. As such, US FDA has classified specified camphorated oil products to be used only under doctor prescriptions.

Meanwhile, escalating demand for pharma-grade synthetic camphor is emanating from the utilization of private labeled topical camphorated medical products. For instance, Analgesic products are soaring in popularity in the U.S. market for they do not have the obligation of requiring an approval from the FDA. Furthermore, requirement of less investment has led to higher turnover for businesses, thereby making it more popular.

North America, against the back drop of surge in OTC products and increase in the production of camphor-related private label, is anticipated to reign the market for pharm-grade synthetic camphor. Besides, Asia Pacific is set emerge as a favorable investment destination owing to large presence of manufacturers.

Pharma-grade Synthetic Camphor Market: Report Content

Qualitative and quantitative analysis underpin insightful report on the pharma-grade synthetic camphor market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the pharma-grade synthetic camphor market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on pharma-grade synthetic camphor.

A deep-dive and insightful analysis of the competitive landscape of the pharma-grade synthetic camphor market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the pharma-grade synthetic camphor market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.

Pharma-grade Synthetic Camphor Market: Research Methodology

Primary research and secondary research accentuate insightful report on pharma-grade synthetic camphor market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.

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