Narcotics Analgesics Market Growth Accelerated By Rising Usage Of Prescription Pain Relievers

Pooja Khodke

Narcotics Analgesics Market Growth Accelerated By Rising Usage Of Prescription Pain Relievers

Narcotics Analgesics such as morphine, codeine, fentanyl, oxycodone help provide relief from moderate to severe pain and are prescribed by healthcare professionals. These prescription pain medications work by binding to receptors in the brain and nervous system to decrease the intensity of pain signals reaching the brain.

The global Narcotics Analgesics Market is estimated to be valued at Us$ 36.45 Bn in 2023 and is expected to exhibit a CAGR Of 12% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The usage of prescription pain relievers has increased significantly over the past few years mainly due to the growing prevalence of chronic and post-operative pain worldwide. Narcotic analgesics are prescribed for relief of severe pain that does not respond to other pain medications. According to research, nearly 100 million Americans suffer from chronic pain and 25.3 million patients receive prescription opioids for pain therapy annually in the United States alone. The rising trend of self-medication for minor pain and injuries has also contributed to the increased consumption of narcotics analgesics. Furthermore, the lack of availability of effective substitutes has made these medications the preferred choice for relief from moderate to severe pain. This rising reliance on prescription pain killers is expected to drive the growth of the Narcotics Analgesics Market over the forecast period.

Segment Analysis

The narcotics analgesics market is segmented by products into morphine, codeine, fentanyl and others. Among these, the morphine segment dominates the market and accounts for over 30% share. This is owing to high demand for morphine drugs to treat severe pain conditions like cancer pain. Morphine is one of the strongest and most effective narcotics analgesics used clinically for pain management.

Key Takeaways

The Global Narcotics Analgesics Market Demand is expected to witness high growth.

Regional analysis –

North America dominates the narcotics analgesics market with over 40% share. This is attributed to rising prevalence of chronic pain disorders like arthritis and cancer along with high healthcare spending on pain management therapies in the US and Canada.

Key players operating in the narcotics analgesics market are Kimberly-Clark Corporation, Essity AB, Georgia-Pacific LLC, Asia Pulp and Paper Group, Procter & Gamble Co., Sofidel Group, CMPC Tissue S.A., WEPA Hygieneprodukte GmbH, MetsÃ Group, Cascades Inc.

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Pooja Khodke

Narcotics Analgesics Market Size Growth Rate by Application 2021 Analysis, Share, Manufacturers, Growth Factor and Forecast to 2027

Anjali Pawar 2023-07-13

The Narcotics Analgesics Market's size growth rate by application is analyzed for 2021, including an analysis of share, manufacturers, growth factors, and a forecast until 2027. The market analysis examines the growth rate of narcotics analgesics in different application areas. The analysis considers factors such as market share, manufacturers, and growth factors influencing the market's growth rate. By understanding the Narcotics Analgesics Market dynamics and growth factors, businesses can identify opportunities for product development and market expansion. This analysis enables stakeholders to make informed decisions, adapt to market trends, and capitalize on growth opportunities in the Narcotics Analgesics Market.

Telehealth Is Fastest Growing Segment Fueling The Growth Of The Global Narcotics Analgesics Market

ashwinicmi 2023-12-12

The market for narcotic analgesics is growing due to an increase in the prevalence of chronic diseases causing chronic pain and accident/injury cases. The global Narcotics Analgesics Market is estimated to be valued at US$ 31. Segment Analysis The global narcotics analgesics market is segmented based on drug type, distribution channel, and geography. Regional analysis North America dominated the global narcotics analgesics market in 2021 and is expected to continue its dominance over the forecast period. This is attributed to the increasing prevalence of chronic pain disorders and cancer in the region.

The Global Narcotics Analgesics Market Growth Accelerated By Increasing Pain Management Demand

Pooja Khodke 2024-01-03

They provide effective relief for both acute and chronic pain with minimal side effects. The global Narcotics Analgesics Market is estimated to be valued at Us$ 31. Segment Analysis The global Narcotics Analgesics market is dominated by the Non-steroidal anti-inflammatory drugs (NSAIDs) segment. The global Narcotics Analgesics Market is estimated to be valued at US$ 31. The North American region currently dominates the market with over 35% share owing to higher rates of chronic pain and greater awareness regarding pain management.

Narcotic Analgesics: Properties, Uses and Side Effects

Purvaja 2024-03-21

Some common uses include:- Post-surgical pain: Narcotic analgesics are very effective in relieving severe postoperative pain following surgeries such as abdominal, orthopedic and thoracic surgeries. - Chronic pain: Conditions like back pain, arthritis pain and neuropathic pain that cause ongoing chronic pain can be managed using narcotic analgesics. Route of AdministrationThe common routes of administration of narcotic analgesics include:- Oral: Many narcotic analgesics are available as tablets, capsules and syrup formulations meant for oral administration. - Parenteral: For immediate and strong analgesic effect, narcotic analgesics can be administered by injections intravenously, intramuscularly or subcutaneously. Side Effects of Narcotic AnalgesicsWhile being very effective for pain relief, prolonged use of narcotic analgesics is associated with certain side effects including:- Respiratory depression: High doses can slow down breathing rate and may cause hypoventilation.

Global Narcotics Analgesics Market Is Estimated To Witness High Growth Owing To Increasing Prevalence of Chronic Pain

Pooja salve 2023-08-31

The market for narcotics analgesics is driven by the increasing prevalence of chronic pain worldwide, along with the rising demand for effective pain management solutions. PEST Analysis: Political: The regulatory environment plays a crucial role in the narcotics analgesics market. - North America is projected to dominate the market, owing to the high prevalence of chronic pain and the presence of key market players in the region. In conclusion, the global narcotics analgesics market is driven by the increasing prevalence of chronic pain and the need for effective pain management solutions. With the growing healthcare infrastructure and aging population, the demand for narcotics analgesics is expected to witness significant growth in the coming years.

Narcotics Analgesics: Powerful Pain Relief but High Risk of Addiction

Lucy Kart 2024-02-13

Some common narcotic analgesics include morphine, codeine, oxycodone, hydrocodone, fentanyl, hydromorphone, and methadone. All narcotic analgesics work similarly in the brain to reduce the perception of pain. They are very effective for acute, severe pain such as that following surgery, injuries, or dental procedures. For many years, they were also commonly prescribed for chronic pain conditions like back pain, arthritis, and fibromyalgia. Uses of Narcotic Analgesics As mentioned above, Narcotic Analgesics are very effective for severe acute pain relief following trauma or surgery.

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