Analgesics, also called painkillers, are used to treat and decrease pain in the body. Generally, they are used when the pain is severe and becomes intolerable for the patient. Non-opioids, opioids, and compound analgesics (which is a mixture of both opioids and non-opioids) are the major topical analgesic products used across the globe. The development of pain relief, pain management, and painkillers are majorly due to the growth in acute and chronic diseases, along with the rising incidence of cancer globally.
MARKET DYNAMICS
Analgesics market is anticipated to grow in the forecast period owing to driving factors such as rise in cancer, cardiovascular disease, and arthritis, and increasing geriatric population, and penetration of effective pain management medications. Moreover, rising investments in R&D by the public and private sector, and reimbursement scenario for pain management medications are also offering opportunities in the market growth during the forecast period.
MARKET SCOPE
The "Global Analgesics Market Analysis to 2028" is a specialized and in-depth study of the pharmaceuticals industry with a special focus on the global market trend analysis. The report aims to provide an overview of analgesics market with detailed market segmentation by product type, route of administration, pain type, distribution channel, and geography. The global analgesics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading analgesics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global analgesics market is segmented on the basis of product type, route of administration, pain type, and distribution channel. Based on product type, the market is segmented as non-opioids and opioids. Based on route of administration, the market is segmented as oral, intravenous, rectal, transdermal, and topical. Based on pain type, the market is segmented as surgical pain, cancer pain, neuropathic pain, and others. Based on distribution channel, the market is segmented as hospital pharmacies, retail pharmacies, drug store, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global analgesics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The analgesics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting analgesics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the analgesics market in these regions.
MARKET PLAYERS
The report covers key developments in the analgesics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from analgesics market are anticipated to lucrative growth opportunities in the future with the rising demand for analgesics in the global market. Below mentioned is the list of few companies engaged in the Analgesics market.
The report also includes the profiles of key analgesics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bayer AG
- Novartis AG
- GlaxoSmithKline PLC
- Pfizer Inc.
- Johnson & Johnson Services, Inc.
- Reckitt Benckiser (RB)
- Endo Pharmaceuticals
- Sanofi
- Eli Lilly and Company
- Teva Pharmaceuticals