Press release
Narcotic Analgesic Combination Drugs Market to Witness Comprehensive Growth by 2025
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Narcotic analgesic combination drugs refer to the drugs that contain an opiate-based pain reliever in combination with at least one different form of analgesic such as ibuprofen or acetaminophen. The demand for these drugs has significantly increased in the past few years owing to the vast rise in incidence rate of rheumatoid arthritis, back pain, and osteoarthritis across the globe in the past few years. However, the market could be hampered owing to the potential side effects of these drugs, including vomiting, constipation, urination-related issues, and risk of death due to overdose.
For a much detailed account of the global narcotic analgesic combination drugs market, the report segments it on the basis of criteria such as indication, drug class, route of administration, and geography. Based on indication, the market is segmented into osteoarthritis, chronic cough, and rheumatoid arthritis. Of these, the segment of osteoarthritis is likely to exhibit the most promising growth avenues over the forecast period owing chiefly to the rise in global population of geriatrics suffering from the condition.
Based on drug class, the market has been segmented into analgesics, opiate agonists, and others. Of these, the segment of analgesics is expected to account for the dominant share in the overall market owing to high preference by healthcare practitioners for these drugs for pain relief. Based on route of administration, the market for narcotic analgesic combination drugs is segmented into intravenous, oral, and intramuscular.
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Geographically, the report covers the market for narcotic analgesic combination drugs for regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Of these, the market in North America is chiefly driven due to encouraging reimbursement policies associated with the market for prescription drugs. The market in Europe is driven due to the rising population of geriatrics, the significant rise in prevalence of conditions causing osteoarthritis pain, and the easy availability of a number of over-the-counter drugs for pain management.
The market in Asia Pacific is expected to be driven by massive rise in geriatric population and the increased awareness regarding the treatment of a number of infections and diseases with the help of combination drugs among healthcare professionals. The market in Africa will be influenced due to the increased prevalence of chronic back pain, arthritic pain, and neuropathic pain among the population.
Some of the leading companies operating in the global market for narcotic analgesic combination drugs are BioDelivery Sciences International, Inc., Akron, Inc., Pfizer Inc., UCB, Inc., Teva Pharmaceuticals, Allergan plc, and Endo Pharmaceuticals, Inc.
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