Analgesics Market Is Projected to Grow at an Exponential Rate over 2020 to 2030

Analgesics Market is valued around USD 25.44 Billion in 2019 and expected to reach USD 29.58 Billion by 2030 with the CAGR of 1.30% over the forecast period.

Analgesics serve as the pain killers which are used for the treatment of different types of pain. Pain management is one of the fastest developing areas which are further creating demand for analgesics. These are drugs based on opioids, non-opioids & combination drugs used for the treatment of more than two symptoms.

Global Analgesics Market report is segmented on the basis of type, drug class, route of administration, pain type, application and by regional. Based upon type, the analgesics market is fragmented into prescription analgesics and OTC analgesics. On the basis of drug class, the market is categorized into opioids, NSAID, and others. Based on route of administration, the market is fragmented into oral, parenteral, topical, transdermal, and rectal. On the basis of pain type, the market is divided into musculoskeletal pain, surgical and trauma pain, cancer pain, neuropathic pain, migraine, obstetrical pain, fibromyalgia, pain due to burns, dental/facial pain, pediatric pain, and others. On the basis of application, the market is fragmented into internal analgesics and external analgesics. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The analgesics market is mainly driven by the constant rising demand of minimally invasive procedures over the period of time owing to the various advantages over conventional surgical procedures. On the other hand, high prevalence rate of cardiovascular disorders and growth in laparoscopic procedures along with other disorders has also amplified the demand for minimally invasive procedures. Moreover, technological advancement with developing medical practices and evolution of new techniques for the treatment has also driven the market growth over the forecast period. However, high set-up cost with high prices of equipment’s & other materials along with regulatory issues are expected to impede the market growth.

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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of well-established healthcare facilities & infrastructure with advanced technology. Moreover, surge in research & development activities along with growth in investments are also supports the market growth. Asia Pacific is expected to dominate the analgesics market in terms of growth rate owing to the growing prevalence of chronic disorders such as cancer, arthritics & other. In addition, growth in surgical procedure along with trauma cases followed by constant growth of OTC drugs in the region is likely to enhance the market growth over the forecast period.

The major market players profiled in the analgesics market includes Novartis AG, GlaxoSmithKline PLC, Bayer AG, Johnson & Johnson, Pfizer Inc., Endo Pharmaceuticals, Reckitt Benckiser (RB), Eli Lilly and Company, Bristol-Myers Squibb, and Sanofi S.A. among others.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Analgesics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Analgesics market in terms of both revenue and volume.

Players, stakeholders, and other participants in the global Analgesics market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Sales and Pricing Analyses

Readers are provided with deeper sales analysis and pricing analysis for the global Analgesics market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.

In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.

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