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Analgesics Market

Analgesics Market Size, Share & Segment By Type (Opioids, Non opioids), By Drug type (NSAID, Opioids, Others), By Route of Administration type (Oral, Topical, Transdermal, Parenteral, Rectal), By Pain Type (Musculoskeletal, Migraine, Neuropathic, Obstetrical, Surgical and Trauma, Cancer, Fibromyalgia, Pain due to Burns), By Application (External, Internal), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1290 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Analgesics Market was esteemed at USD 27.7 billion out of 2021, and expected to arrive at USD 42.6 billion by 2028, and develop at a CAGR of 6.3% over the conjecture period 2022-2028.

Analgesics, often known as painkillers, are medications that are used to treat and alleviate pain. They're utilized when a patient's discomfort is overwhelming. The most often used topical analgesics worldwide are non-opioids, opioids, and compound analgesics (a combination of opioids and non-opioids). The most powerful painkillers are opioid medicines, which are made from opium. They're only provided with a prescription and are typically used to treat moderate to severe pain. Non-opioid drugs, on the other hand, contain acetaminophen rather than opium. NSAIDs (non-steroidal anti-inflammatory medicines) are another form of pain reliever.

Analgesics Market

In a variety of clinical contexts for mild to severe acute and chronic pain, they are fast being advocated as a desirable, safe, and effective first-line treatment alternative to opioid medications. Prescribed analgesics, over-the-counter analgesics, and oral, intravenous, rectal, transdermal, and topical analgesics are among the several types of medications.

Pain from physiological injuries, operations, phantom aches, inflammation, neuropathic diseases, and cancer treatments are all treated with analgesics. With increasing internet penetration, several e-commerce platforms are now collaborating with pharmaceutical firms to deliver pharmaceuticals such as analgesics to consumers' homes.

MARKET DYNAMICS

DRIVERS

  • Increased Cases of Cardiovascular Disease, Cancer, and Arthritis

  • Increased Geriatric Population

  • Healthcare Initiatives by the Government

  • Advancement in treatment

  • The availability of well-known healthcare facilities

RESTRAINTS

  • Opioid abuse is illegal.

  • In emerging nations, the medical services area is growing.

OPPORTUNITIES

  • Research and development spending is increasing.

CHALLENGES

  • Analgesic Drugs' Side Effects

IMPACT OF COVID-19

The COVID-19 epidemic had an influence on the global analgesics industry. The epidemic benefited the market because heightened attention to personal health boosted the purchasing of these treatments. COVID-19 was expected to increase demand for over-the-counter cold and cough treatments, as well as nutritional supplements, which were already in high demand. Moreover, the European Medicines Agency recommends using non-steroidal anti-inflammatories (NSAIDs) such ibuprofen and paracetamol at the lowest possible dose possible to treat moderate COVID-19 symptoms. Furthermore, because geriatrics are more susceptible to infection due to weakened immune systems and the lack of a vaccine or treatment, the number of older people infected with COVID-19 was high. As a result, during the epidemic, all of these causes raised the need for analgesics.

By Type:

Due to the widespread use of non-opioid analgesics for pain relief, as well as lower adverse effects and government and private-sector initiatives to promote the use of non-opioids drugs as a painkiller, the non-opioids drugs segment was the leading contributor in 2021 and is expected to remain so throughout the forecast period. Because opioids contain analgesic, anti-inflammatory, and antipyretic properties, the opioids medications segment is predicted to develop significantly during the forecast period. In addition, the opioid segment is predicted to develop due to an increase in the incidence of chronic diseases like tuberculosis (TB), cardiovascular disease, arthritis, and cancer over the forecast period.

By Route of Administration Type:

Due to the simple administration of analgesics by oral route, which is non-invasive in nature and effective when compared to other routes of administration, the oral administration segment dominated the market in 2020, and this pattern is supposed to go on during the anagesics market gauge period. Furthermore, the expansion of the oral administration segment is fueled by an increase in the number of FDA drug approvals in the United States and developments in pharmaceutical R&D activities. However, due to advancements in healthcare technology and an increase in the number of analgesics medications, the topical administration segment is likely to develop significantly throughout the projection period. Topical analgesics are applied to the skin over sore muscles or joints and massaged or sprayed on.

By Application type

Internal analgesics currently hold a significant market share. They are meant for internal usage and are either swallowed as pills or liquids, or put into the rectum as suppositories.

By Pain Type

Musculoskeletal pain currently accounts for the majority of the global market. An injury to the bones, joints, muscles, tendons, ligaments, or nerves is the most common cause.

By Drug type

Opioids are the most popular drugs on the market because they are commonly used to treat cancer pain and end-stage diseases that necessitate palliative care.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: johnson and johnson md&d, Abbott Laboratories, Eli Lilly and Company, Bayer AG, endo pharmaceuticals, AbbVie Inc., Pfizer, Inc., Glaxosmithkline plc, Sanofi, Reckitt Benckiser Group, and other players.

MARKET SEGMENTATION:

 By Type

  • Opioids

  • Non opioids

By Drug type

  • NSAID

  • Opioids

  • Others

By Route of Administration type

  • Oral

  • Topical

  • Transdermal

  • Parenteral

  • Rectal

By Pain Type

  • Musculoskeletal

  • Migraine

  • Neuropathic

  • Obstetrical

  • Surgical and Trauma

  • Cancer

  • Fibromyalgia

  • Pain due to Burns

By Application type

  • External

  • Internal

Analgesics Market

REGIONAL ANALYSIS

Due to an increase in demand for non-opioids medications, the presence of important players, and the expansion of R&D activities in the healthcare sector in the area, North America dominated the analgesics market in 2020 and is likely to continue to do so during the forecast period. However, from 2022 to 2028, Asia-Pacific is expected to have the highest CAGR of 6.3 percent, owing to an increase in painkiller use, increased awareness about the use of analgesics drugs, increased healthcare expenditures, increased OTC analgesics market growth, and increased analgesics product adoption.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Analgesics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 27.7 Billion
Market Size by 2028 US$ 42.6 Billion
CAGR CAGR of 6.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Opioids, Non opioids), By Drug type (NSAID, Opioids, Others)
• By Route of Administration type (Oral, Topical, Transdermal, Parenteral, Rectal)
• By Pain Type (Musculoskeletal, Migraine, Neuropathic, Obstetrical, Surgical and Trauma, Cancer, Fibromyalgia, Pain due to Burns)
• By Application (External, Internal)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles johnson and johnson md&d, Abbott Laboratories, Eli Lilly and Company, Bayer AG, endo pharmaceuticals, AbbVie Inc., Pfizer, Inc., Glaxosmithkline plc, Sanofi, Reckitt Benckiser Group, and other players.
DRIVERS • Increased Cases of Cardiovascular Disease, Cancer, and Arthritis
• Increased Geriatric Population
• Healthcare Initiatives by the Government
RESTRAINTS • Opioid abuse is illegal.
• In emerging nations, the medical services area is growing.


Frequently Asked Questions (FAQ) :

Opioid abuse is illegal, and in emerging nations, the medical services area is growing is the restraints of the Analgesics market.

Analgesics Market is divided into four segments and they are By Type, By Drug type, By Route of Administration type, By Pain Type, and By Application type.

North America dominated the analgesics market.

Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers.

Analgesics market is expected to grow at a CAGR of 6.3% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

 

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Analgesics Market Segmentation, By Type

8.1 Opioids

8.2 Non opioids

 

9. Analgesics Market Segmentation, By Drug type

9.1 NSAID

9.2 Opioids

9.3 Others

 

10. Analgesics Market Segmentation, By Route of Administration type

10.1 Oral

10.2 Topical

10.3 Transdermal

10.4 Parenteral

10.5Rectal

 

11. Analgesics Market Segmentation, By Pain Type

11.1 Musculoskeletal

11.2 Migraine

11.3 Neuropathic

11.4 Obstetrical

11.5 Surgical and Trauma

11.6 Cancer

11.7 Fibromyalgia

11.8 Pain due to Burns

 

12. Analgesics Market Segmentation, By Application type

12.1 External

12.2 Internal

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4        Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14. Company Profiles

14.1 johnson and johnson md&d.

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Abbott Laboratories

14.3 Eli Lilly and Company

14.4 Bayer AG

14.5 endo pharmaceuticals

14.6 AbbVie Inc.

14.7 Pfizer, Inc.

14.8 Glaxosmithkline plc

14.9 Sanofi

14.10 Reckitt Benckiser Group.

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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