Report Scope & Overview:
The Analgesics Market was esteemed at USD 29.44 billion out of 2022 and is expected to arrive at USD 48 billion by 2030, and develop at a CAGR of 6.3% over the conjecture period 2023-2030.
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.
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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.
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
Opioid abuse is illegal.
In emerging nations, the medical services area is growing.
Research and development spending is increasing.
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.
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.
KEY MARKET SEGMENTATION:
By Drug type
By Route of Administration type
By Pain Type
Surgical and Trauma
Pain due to Burns
By Application type
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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%, 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Some of the major key players are as follows: Johnson and johnson, Abbott Laboratories, Eli Lilly and Company, Bayer AG, endo pharmaceuticals, AbbVie Inc., Pfizer, Inc., GlaxoSmithKline plc, Sanofi, Reckitt Benckiser Group, and other players.
Abbott Laboratories-Company Financial Analysis
|Market Size in 2022
|US$ 29.44 Billion
|Market Size by 2030
|US$ 48 Billion
|CAGR of 6.3% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|johnson and johnson, Abbott Laboratories, Eli Lilly and Company, Bayer AG, endo pharmaceuticals, AbbVie Inc., Pfizer, Inc., Glaxosmithkline plc, Sanofi, Reckitt Benckiser Group, and other players.
|• Increased Cases of Cardiovascular Disease, Cancer, and Arthritis
• Increased Geriatric Population
• Healthcare Initiatives by the Government
|• Opioid abuse is illegal.
• In emerging nations, the medical services area is growing.
Ans: - The Analgesics Market size is estimated to reach US$ 48 bn by 2030.
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.
Ans: - The Analgesics market is expected to grow at a CAGR of 6.3% over the forecast period 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces Model
7. PEST Analysis
8. Analgesics Market Segmentation, By Type
8.2 Non opioids
9. Analgesics Market Segmentation, By Drug type
10. Analgesics Market Segmentation, By Route of Administration type
11. Analgesics Market Segmentation, By Pain Type
11.5 Surgical and Trauma
11.8 Pain due to Burns
12. Analgesics Market Segmentation, By Application type
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 johnson and johnson md&d.
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
14.10 Reckitt Benckiser Group.
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
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