Analgesics Market Size, Share, Trends, Growth Outlook

Analgesics Market is estimated to increase at a growth rate of 6.8% CAGR over the forecast period from 2024 to 2030.

The Analgesics Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Drug (Opioid, Non-opioid, Compound medication), By Route of Administration (Oral, Parenteral, Transdermal, Others), By Application (Musculoskeletal, Surgical and Trauma, Cancer, Neuropathic, Migraine, Obstetrical, Fibromyalgia, Pain due to Burns, Dental/Facial, Pediatric, Others), By Distribution Channel (Hospital pharmacies, Retail pharmacies, Online pharmacies).

An Introduction to Analgesics Market in 2024

The Analgesics Market in 2024 is witnessing steady growth, driven by the increasing prevalence of pain-related conditions, expanding geriatric population, and growing demand for over-the-counter (OTC) and prescription analgesic medications to alleviate pain and improve quality of life. Analgesics encompass a diverse range of pharmacological agents, including non-opioid analgesics (e.g., acetaminophen, nonsteroidal anti-inflammatory drugs) and opioid analgesics (e.g., morphine, oxycodone), as well as adjuvant medications and topical preparations for pain relief. With advancements in drug formulations, combination therapies, and personalized pain management approaches, the market offers a variety of analgesic products, including immediate-release, extended-release, and transdermal formulations, tailored to specific pain types, severity levels, and patient preferences. Moreover, ongoing research into novel analgesic targets, alternative delivery routes, and non-pharmacological pain management strategies further contribute to market growth and the development of comprehensive pain care solutions.

Analgesics Market Trend: Increasing Preference for Non-Opioid Analgesics

A prominent trend in the Analgesics market is the rising preference for non-opioid analgesics driven by concerns over opioid abuse, addiction, and adverse effects. Healthcare professionals and patients are increasingly opting for non-opioid alternatives such as nonsteroidal anti-inflammatory drugs (NSAIDs), acetaminophen, and adjuvant medications for pain management. This shift reflects a growing awareness of the risks associated with long-term opioid use and the need for safer, more effective treatment options for acute and chronic pain conditions.

Analgesics Market Driver: Growing Burden of Chronic Pain Conditions

A key driver fueling the Analgesics market is the escalating burden of chronic pain conditions globally. Chronic pain, stemming from various etiologies such as musculoskeletal disorders, neuropathic conditions, and cancer, significantly impacts patients' quality of life and imposes substantial economic costs on healthcare systems. As the prevalence of chronic pain continues to rise, there is a growing demand for analgesic medications to alleviate symptoms and improve functional outcomes. This drives the consumption of analgesics across diverse patient populations and healthcare settings, contributing to market growth.

Analgesics Market Opportunity: Development of Targeted Pain Therapies

An opportunity in the Analgesics market lies in the development of targeted pain therapies tailored to specific pain mechanisms and patient profiles. Advancements in pharmacogenomics, neurobiology, and personalized medicine offer opportunities to identify novel drug targets and therapeutic approaches for pain management. By leveraging precision medicine techniques, pharmaceutical companies can develop innovative analgesic agents that provide targeted relief with fewer adverse effects and reduced risk of dependency. These targeted therapies hold promise for addressing unmet needs in pain management, improving treatment outcomes, and enhancing patient satisfaction, thus presenting a significant opportunity for market expansion.

Analgesics Market Segmentation

By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

 

Analgesics Market Companies

AbbVie Inc
Assertio Holdings Inc
Bayer AG
Endo International plc
GSK plc
Janssen Global Services LLC
Novartis AG
Teva Pharmaceutical Industries Ltd
Viatris Inc

 

 

Reasons to Buy the Analgesics Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Analgesics Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Analgesics Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

 

TABLE OF CONTENTS

1 Introduction to 2024 Analgesics Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Analgesics Market Size Outlook, $ Million, 2021 to 2030
3.2 Analgesics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Analgesics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Analgesics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Analgesics Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Analgesics Market Industry
4.2 Key Market Trends in Analgesics Market Industry
4.3 Potential Opportunities in Analgesics Market Industry
4.4 Key Challenges in Analgesics Market Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Analgesics Market Share by Company (%), 2023
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Analgesics Market Outlook By Segments
7.1 Analgesics Market Outlook by Segments
By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies

8 North America Analgesics Market Analysis And Outlook To 2030
8.1 Introduction to North America Analgesics Markets in 2024
8.2 North America Analgesics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Analgesics Market size Outlook by Segments, 2021-2030
By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies

9 Europe Analgesics Market Analysis And Outlook To 2030
9.1 Introduction to Europe Analgesics Markets in 2024
9.2 Europe Analgesics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Analgesics Market Size Outlook By Segments, 2021-2030
By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies

10 Asia Pacific Analgesics Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Analgesics Markets in 2024
10.2 Asia Pacific Analgesics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Analgesics Market size Outlook by Segments, 2021-2030
By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies

11 South America Analgesics Market Analysis And Outlook To 2030
11.1 Introduction to South America Analgesics Markets in 2024
11.2 South America Analgesics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Analgesics Market size Outlook by Segments, 2021-2030
By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies

12 Middle East And Africa Analgesics Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Analgesics Markets in 2024
12.2 Middle East and Africa Analgesics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Analgesics Market size Outlook by Segments, 2021-2030
By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AbbVie Inc
Assertio Holdings Inc
Bayer AG
Endo International plc
GSK plc
Janssen Global Services LLC
Novartis AG
Teva Pharmaceutical Industries Ltd
Viatris Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Drug
Opioid
Non-opioid
Compound medication
By Route of Administration
Oral
Parenteral
Transdermal
Others
By Application
Musculoskeletal
Surgical and Trauma
Cancer
Neuropathic
Migraine
Obstetrical
Fibromyalgia
Pain due to Burns
Dental/Facial
Pediatric
Others
By Distribution Channel
Hospital pharmacies
Retail pharmacies
Online pharmacies