Analgesics Market Overview 2024-2033 – Competitive Landscape and Strategies

Uday Kiran

Analgesics Market Overview 2024-2033 – Competitive Landscape and Strategies

The Analgesics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Analgesics Global Market Report 2024, The analgesics market size has grown steadily in recent years. It will grow from $106.57 billion in 2023 to $110.76 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to alternative therapies impact, safety and efficacy studies, pain prevalence, marketing and promotion, economic factors.

The analgesics market size is expected to see steady growth in the next few years. It will grow to $128.18 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to pain management alternatives, market competition, consumer health awareness, demographic shifts, rising chronic diseases. Major trends in the forecast period include personalized medicine, non-opioid alternatives, cbd and cannabinoids usage, targeted pain management, accessibility and affordability.

A significant rise in the prevalence of chronic diseases is driving the analgesics Market. Analgesic drugs, also known as painkillers, are used to treat and reduce chronic or severe pain in the body resulting from various medical conditions. For instance, in September 2022, according to a report shared by WHO, a Switzerland-based health organization, chronic diseases which is sometimes referred to as noncommunicable diseases (NCDs), are conditions that develop over an extended period of time as a result of a combination of genetic, physiological, environmental, and behavioral variables. Noncommunicable diseases (NCDs) account for 41 million annual fatalities, or 74% of all fatalities worldwide. Before the age of 70, 17 million individuals per year pass away from an NCD. These untimely deaths account for 86% of the deaths in low- and middle-income nations. 77% of NCD-related deaths occur in low- and middle-income nations. Therefore, significant rise in the prevalence of chronic disease is driving the growth of the analgesics market.

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The analgesics market covered in this report is segmented –

1) By Type: Non-opioids, Opioids

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores

3) By Application: Internal Analgesics, External Analgesics

Sub-Segments-

By Route of Administration: Oral, Intravenous, Rectal, Transdermal, Topical

By Drug Type: Prescription Analgesics, OTC Analgesics

Companies in the analgesics market are increasingly focusing on investment as a strategy for growth. Leading analgesic drug manufacturers are investing in clinical-stage companies to gain a competitive advantage and strengthen their market position. These investments are helping companies to expand geographically and gain specialized expertise in the research and development of new products. For instance, in January 2022, Concentric Analgesics, Inc., a US-based clinical-stage biopharmaceutical company, announced the completion of a $20 million convertible note financing from a combination of new and existing investors. The financing will be used to initiate registration-enabling Phase 3 studies for Vocacapsaicin, the company's Phase 3-ready lead product candidate. The financing will be used to further fund Phase 3 development activities for Vocacapsaicin, Concentric Analgesics' lead therapeutic candidate for post-surgical pain. The completion of the financing is an important development for Concentric Analgesics, as it enables the company to continue to advance Vocacapsaicin into Phase 3 development and serves as an important first step towards fully funding the program through NDA submission.

The analgesics market report table of contents includes:

Executive Summary
Analgesics Market Characteristics
Analgesics Market Trends And Strategies
Analgesics Market - Macro Economic Scenario
Global Analgesics Market Size and Growth

Global Analgesics Market Competitive Benchmarking
Global Analgesics Market Competitive Dashboard
Key Mergers And Acquisitions In Analgesics Market
Analgesics Market Future Outlook and Potential Analysis
Appendix

Top Major Players :

Pfizer Inc.
Johnson & Johnson Services Inc.
Medley Pharmaceuticals Limited
AbbVie Inc.
Bayer HealthCare Pharmaceuticals LLC

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Uday Kiran

Analgesics Market Size To Reach $61.39 Billion By 2030

Daniel Boards 2023-07-17

Moreover, ongoing regulatory approvals of innovative analgesics and increasing R&D activities are other key factors contributing to market growth. The increasing incidences of chronic and acute pain conditions are expected to offer lucrative growth opportunities in the market for analgesics. The advancements in the designing and development of novel drugs to boost patient compliance and improve the safety of existing therapeutics are driving the market growth forward. Furthermore, various developments such as partnerships, new product launches, and collaborations undertaken by leading players are other factors contributing to the market growth. Moreover, the growing approval of combination drugs to reduce the side effects of analgesics is further expected to increase the market growth for analgesics in the coming years.

Global Analgesics Market: Insights, Growth Scale, And Industry Demand By 2031

Biswadeep 2022-06-07

The Analgesics Global Market Report 2021-31 by The Business Research Company describes and explains the global analgesics market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region. The change in the analgesics market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. id=2438&type=smp Analgesics Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. TBRC’s report covers the analgesics market segments- 1) By Type: Non-Opioids, Opioids2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores3) By Route of Administration: Oral, Intravenous, Rectal, Transdermal, Topical4) By Drug Type: Prescription Analgesics, OTC Analgesics5) By Application: Internal Analgesics, External Analgesics About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.

Analgesics Market Size, Segmentation, Estimates, Key Companies, Dynamics, Driving Factors and Challenges, Regional Forecast till 2028

Pradnya Tayade 2022-06-13

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The market research for the Analgesics market offers thorough details on the market's overall size, overall revenue, and market segmentation. Key Questions answered in the Analgesics Market Report are:Which product segment is expected to hold the largest share in the Analgesics market? What is the expected CAGR of the Analgesics market during the forecast period 2022-2029? What key trends are expected to emerge in the Analgesics market in the forecast period? About Stellar Market Research:Stellar Market Research, an Indian consulting firm, was founded in 2018.

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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.

Global Topical Analgesics Market 2021 Analysis Report by Recent Developments and Emerging Technologies Till 2027

Dharaa Hada 2021-11-24

The Global Topical Analgesics Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions. Get | Download FREE Sample Report of Global Topical Analgesics Market @ https://www. Which application and type segment holds the maximum share in the Global Topical Analgesics market? What are the opportunities and challenges currently faced by the Topical Analgesics market? Purchase the Complete Global Topical Analgesics Market Research Report @ https://www.

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