Analgesics Market: Global Industry Analysis and Forecast (2023-2029)


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.

Analgesics Market Overview

The Analgesics also recognized as painkillers medications that are used to help relieve and treat aches and pains. Inflammation, cancer treatments, physiological injury, neuropathic conditions, surgeries, wounds, and phantom aches are all treated with analgesics, both internal and external. Local anesthetic, non-steroidal anti-inflammatory medications (NSAIDs), and opioids are the most common therapeutic types of analgesics. The continuous expansion of the global analgesics market is mostly owing to the increase incidence of cancer worldwide and the rise in chronic diseases. These drugs include paracetamol, non-steroidal anti-inflammatory drugs (NSAIDs) such as the salicylates, and opioid drugs such as morphine and oxycodone. Analgesics are used for treating pain resulting from physiological injuries, surgeries, phantom aches, inflammation, neuropathic conditions and cancer treatments.Analgesics MarketTo know about the Research Methodology :- Request Free Sample Report

Analgesics Market Dynamics:

The rising incidence of acute chronic diseases such heart disease, cancer, diabetes, stroke, and arthritis is a primary reason driving up demand for analgesics medications. According to the state's Department of Health, nearly 40% of adults in New York State have a chronic illness, and chronic diseases account for 23% of the state's hospitalizations. Chronic disease markets like these are propelling the analgesics market ahead. Elite organizations are driving the analgesics business through clinical acceptance by developing pain treatment recommendations with suggestions to use opioids in the form of medications. The World Health Organization (WHO), for example, proposes a three-tiered strategy to pain management, which includes the use of opioid-containing medications. The analgesics market is expected to grow due to beneficial reward situations in North America and Western Europe for pain management for patients with cancer pain.
The U.S. Department of Health and Human Services (HHS) established the Pain Management Best Practices Inter-Agency Task Force in August 2017 to detect breaches or irregularities in best practices for pain management, recommend updates and recommendations to address identified gaps or errors, and as appropriate, provide updates to concerned federal agencies and the general public. Further from just that, numerous drug companies are always focusing on clinical improvements in analgesic medication delivery and design. They are also working on safer opioids with lesser side effects and more effective pain management. Furthermore, the presence of a strong drug pipeline with effective pharmaceuticals pending clearance by the United States Food and Drug Administration (USFDA) is predicted to boost analgesic use around the world.

Analgesics Market Segment Analysis:

The Analgesics Market is segmented by Type, Application, and Product type.

Based on the Type, the Analgesics Market is segmented into Opioid and Non-Opioid. Opioid analgesic expected to grow at CAGR 7.5% during the forecast period. Opioid analgesic medications, such as COVID-19, are the gold standard in pain relief for severely ill patients across disease segments. In the ICU, fentanyl, morphine, and hydromorphone are among the most widely utilised IV opioid analgesic medications for COVID and non-COVID patients.Analgesics Market

Based on the Application, the Analgesics Market is segmented into Oral, Intravenous, Transdermal, Rectal and Topical. Oral segment is the fastest growing segment in the analgesic market, it’s also expected to be the fastest growing segment processing at CAGR 3.45% during the forecast period. Because of its approval of numerous over-the-counter (OTC) analgesics which do not require medication, the oral variety is gaining economic momentum with increased sales. Oral analgesics are widely available in pharmacies around the world in various forms such as capsules and tablets.

Based on Product type, The Analgesics market is segmented into the Over the Counter (OTC) and Prescriptions drug. Over The Counter segment is the fastest growing segment in the Analgesic market, with expected to register CAGR of around 4.5% during the forecast period. with a revenue of approximately USD 25.11 Billion in 2022 and expected to reach USD 37.31 Billion by 2029. After a thorough analysis of the pandemic's business implications and the resulting economic crisis. This market sector now holds 38.2% of the worldwide analgesics market.

Analgesics Market Regional Insights:

APAC, with 38.8% share of the global analgesics market demand in 2018, is slated to become the most lucrative zone for the analgesics medication industry. Drug, made by GlaxoSmithKline Asia Private Limited (GSKAP), is the leading analgesics brand in India. According to Consumer Healthcare, with the medicine available in both liquid and solid form. With over two million tablets sold every day in India and over 20 tablets sold per second, it falls under the non-prescription (OTC) category. This alone is a major influencer in the APAC analgesics industry, supported greatly by the widespread practise of self-medication. Americans prefer to treat minor symptoms with over-the-counter drugs before seeking professional help, according to 2019.

Chronic pain is associated to a variety of physical and psychological issues, as well as high health-care costs and lost productivity. Poor individuals, student adults, and adults with public health insurance were more likely to experience both types of pain. Many people in the United States rely on inadequate analgesics to treat muscular injuries and diseases. APAC, with 38.8% share of the global analgesics market demand in 2018, is slated to become the most lucrative zone for the analgesics medication industry. In the year 2022, the US analgesics market is expected to be worth $15.2 billion. The country presently holds 32.76% of the worldwide market share. China, the world's second largest economy, is expected to reach an estimated market size of US$9.90 billion in 2029, with a compound annual growth rate of 6.5%throughout the analysed period.

The objective of the report is to present a comprehensive analysis of the Analgesics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Analgesics Market dynamic, structure by analyzing the market segments and project the Analgesics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Analgesics Market make the report investor’s guide.

Analgesics Market Scope: Inquire before buying






Analgesics Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 50.39 Bn.




Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 70.44 Bn.




 Segments Covered:
by Drug Type
Prescription Analgesics
OTC Analgesics




by Type
Opioids
Non Opioids




by Application
Oral
Intravenous
Rectal
Transdermal
Topical






Analgesics Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

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

Frequently Asked Questions:

1] What segments are covered in Analgesics Market report?
Ans. The segments covered in Analgesics Market report are based on Type, Application, and Product type.

2] Which region is expected to hold the highest share in the Analgesics Market?
Ans. North America is expected to hold the highest share in the Analgesics Market.

3] What is the market size of Analgesics Market by 2029?
Ans. The market size of Analgesics Market by 2029 is US $70.44 Bn.

4] Who are the top key players in the Analgesics Market?
Ans. Bayer AG, Novartis AG, GlaxoSmithKline PLC, Pfizer Inc., Johnson & Johnson, Reckitt Benckiser, (RB), Endo Pharmaceuticals, Bristol-Myers Squibb, Eli Lilly and Company, Sanofi

5] What was the market size of Analgesics Market in 2022?
Ans. The market size of Analgesics Market in 2022 was US $ 50.39 Bn. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Analgesics Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2020
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Analgesics Market
3.4. Geographical Snapshot of the Analgesics Market, By Manufacturer share
4. Analgesics Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Analgesics Market
5. Supply Side and Demand Side Indicators
6. Analgesics Market Analysis and Forecast, 2022-2029
6.1. Analgesics Market Size & Y-o-Y Growth Analysis.
7. Analgesics Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
7.1.1. Opioids
7.1.2. Non- Opioids
7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
7.2.1. Oral
7.2.2. Intravenous
7.2.3. Rectal
7.2.4. Transdermal
7.2.5. Topical
7.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
7.3.1. Prescription Analgesics
7.3.2. OTC (Over The Counter) Analgesics
8. Analgesics Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Analgesics Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
9.1.1. Opioids
9.1.2. Non- Opioids
9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
9.2.1. Oral
9.2.2. Intravenous
9.2.3. Rectal
9.2.4. Transdermal
9.2.5. Topical
9.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
9.3.1. Prescription Analgesics
9.3.2. OTC (Over The Counter) Analgesics
10. North America Analgesics Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Analgesics Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
11.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
12. Canada Analgesics Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
12.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
13. Mexico Analgesics Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
13.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
14. Europe Analgesics Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
14.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
15. Europe Analgesics Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Analgesics Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
16.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
17. France Analgesics Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
17.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
18. Germany Analgesics Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
18.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
19. Italy Analgesics Market Analysis and Forecasts, 2022-2029
19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
19.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
20. Spain Analgesics Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
20.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
21. Sweden Analgesics Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
21.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
22. CIS Countries Analgesics Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
22.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
23. Rest of Europe Analgesics Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
23.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
24. Asia Pacific Analgesics Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
24.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
25. Asia Pacific Analgesics Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates &Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Analgesics Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
26.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
27. India Analgesics Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
27.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
28. Japan Analgesics Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
28.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
29. South Korea Analgesics Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
29.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
30. Australia Analgesics Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
30.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
31. ASEAN Analgesics Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
31.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
32. Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
32.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
33. Middle East Africa Analgesics Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
33.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
34. Middle East Africa Analgesics Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Analgesics Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
35.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
36. GCC Countries Analgesics Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
36.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
37. Egypt Analgesics Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
37.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
38. Nigeria Analgesics Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
38.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
39. Rest of ME&A Analgesics Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
39.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
40. South America Analgesics Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
40.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
41. South America Analgesics Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Analgesics Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
42.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
43. Argentina Analgesics Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
43.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
44. Rest of South America Analgesics Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029
44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029
44.3. Market Size (Value) Estimates & Forecast By Product type, 2022-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Analgesics Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. Zydus Cadila
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Bayer AG, Novartis AG
45.3.3. GlaxoSmithKline PLC
45.3.4. Pfizer Inc.,
45.3.5. Johnson & Johnson,
45.3.6. Reckitt Benckiser
45.3.7. (RB), Endo Pharmaceuticals
45.3.8. , Bristol-Myers Squibb,
45.3.9. Eli Lilly and Company
45.3.10. , Sanofi
45.3.11. Astrazenca
45.3.12. Blue cross
46. Primary Key Insights
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