The growth in end users in the global phenylbutazone market is expected to occur at an optimistic rate over the coming years, owing to an increase in the consumption of the drug in the growing veterinary medicine industry.
Albany, NY -- (SBWIRE) -- 05/11/2017 -- Global Phenylbutazone Market: Overview
Phenylbutazone is a non-steroidal anti-inflammatory drug meant to provide short-term relief from fever and pain. The drug is currently banned in the U.S. and the U.K. for human use, and therefore is largely meant for animal uses. The ban on phenylbutazone was approved due to its severely debilitating side-effects such as reducing the rate of production of white blood cells and causing aplastic anemia. It was originally used in humans for the treatment of gout and rheumatoid arthritis till 1949 and is now commonly used on horses for the treatment of antipyresis and analgesia.
Phenylbutazone can be administered intravenously or orally but is essentially should only be injected into a vein or administered intramuscularly. Edema and tissue damage may occur if the drug is injected repetitively into the same vein. Side-effects also include oral lesions, blood dyscrasia, kidney damage, GI ulcers, and internal hemorrhage. The drug should also not be used in combination with vitamin K antagonists including warfarin due to the amplifying nature of phenylbutazone on the anticoagulant effect of the antagonists.
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Global Phenylbutazone Market: Key Trends and Growth Prospects
The growth in end users in the global phenylbutazone market is expected to occur at an optimistic rate over the coming years, owing to an increase in the consumption of the drug in the growing veterinary medicine industry. In addition, the rising demand for NSAIDs in the emerging economies of Asia Pacific and Latin America is also expected to boost the demand for phenylbutazone over the coming years. However, the high availability of substitutes and the heavy restrictions imposed on the use of phenylbutazone could hamper the growth of this market. Harpagophytum can replace phenylbutazone for treatment of fever and pain in horses.
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Global Phenylbutazone Market: Geographical Perspective
Asia Pacific is expected to be the leading consumer of phenylbutazone in the world, followed by North America and Europe. China and India are the top consumers of phenylbutazone in Asia Pacific due to presence of highly established end users. Phenylbutazone manufacturers from developed economies are also shifting their base to emerging ones due to the greater availability of government subsidies, land, cheap labor, and a more relaxed regulatory framework. Mongolia, the Republic of Korea, Australia and New Zealand are expected to be key consumers of phenylbutazone in the future. North America and Europe are expected to experience a moderate rate of growth in demand. The demand for phenylbutazone is also expected to increase in Latin American nations due to an increasing demand for veterinary drugs, namely in Argentina, Brazil, Colombia and Peru.
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Global Phenylbutazone Market: Players Mentioned in the Report
Some of the leaders in the global phenylbutazone market so far, have been Santa Cruz Biotechnology, Inc., Hangzhou Hyper Chemicals Limited, Baoji Guokang Bio-Technology Co., Ltd., Wuhan Yitongtai Science and Technology Co., Ltd., Afine Chemicals Limited, Shanghai Win-Win Biochemical Co., Ltd., Shaanxi TOP Pharm Chemical Co., Ltd., Hangzhou Hyper Chemicals Limited, Hangzhou Ruijiang Chemical Co., Ltd., Dalian Launcher Fine Chemical Co., Ltd., Croma Life Science Pvt. Ltd., Swati Chemicals, Suchem Laboratories, Uni-med India, Afton Pharma, and Hefei TNJ Chemical Industry Co., Ltd.
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