March 2, 2024

Analgesics are painkiller drugs that are used to relieve and treat aches and pains. Internal and external analgesics are used to treat inflammation, cancer therapies, physiological injury, neuropathic diseases, operations, wounds, and phantom aches. The most prevalent therapeutic forms of analgesics are local anaesthetics, nonsteroidal anti-inflammatory drugs (NSAIDs), and opioids. The ongoing expansion of the global analgesics market is mostly due to the rising incidence of cancer and chronic disorders worldwide. These medications include paracetamol, nonsteroidal anti-inflammatory medicines (NSAIDs) such as salicylates, and opioids like as morphine and oxycodone. Analgesics are used to relieve pain caused by physiological injuries, operations, phantom aches, inflammation, neuropathic diseases, and cancer therapies.

Analgesics Market Overview: 

The fundamental purpose of this research is to help the user understand the Analgesics Market in terms of definition, segmentation, market potential, significant trends, and the issues that the Analgesics industry faces in key areas and countries. Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.

Analgesics Market size was valued at US$ 50.39 Bn in 2022 and the total revenue is expected to grow at 4.9 % through 2023 to 2029, reaching nearly US$ 70.44 Bn.

Scope of the Report

Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.

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Analgesics Market Drivers:

The increasing prevalence of acute chronic conditions such as heart disease, cancer, diabetes, stroke, and arthritis is a major factor driving higher demand for analgesics. According to the New York State Department of Health, approximately 40% of adults in the state have a chronic illness, and chronic diseases account for 23% of hospitalisations in the state. Chronic disease markets such as these are driving the analgesics business forward. Elite organisations are advancing the analgesics market through clinical acceptance by providing pain management recommendations that include the use of opioids as drugs. The World Health Organisation (WHO), for example, recommends a three-tiered pain management strategy that involves the use of opioid-containing drugs.

Analgesics Market Segmentation: 

by Drug Type

Prescription Analgesics
OTC Analgesics
by Type

Opioids
Non Opioids
by Application

Oral
Intravenous
Rectal
Transdermal
Topical

Key Players:

1. Bayer AG, Novartis AG
2. GlaxoSmithKline PLC
3. Pfizer Inc.,
4. Johnson & Johnson,
5. Reckitt Benckiser(RB),
6. Endo Pharmaceuticals
7. Bristol-Myers Squibb,
8. Eli Lilly and Company
9. Sanofi
10. Astrazenca
11. Blue cross
12. Zydus Cadila

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Regional Analysis:

The report focuses on Regions and Market Size of Analgesics , and development forecast 2021-2027, including industries, major players, suppliers globally, and market share by regions, with company and product introduction, market position including market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact on the Analgesics Market

The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Analgesics sector in 2021.

Key Questions answered in the Analgesics Market Report are:

What is the function of Analgesics ?
What is the predicted revenue generation of the Analgesics market?
At what growth rate is the Analgesics market evolving?
Who are the major market giants operating in the Analgesics market?

Key offerings:

  • A detailed Market Overview
  • Market Share
  • Market Size
  • Market Forecast by Revenue
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation- A detailed analysis of each segment and their segments
  • Competitive Landscape – Leading key players and other prominent key players.

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