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Global Analgesics Market with Development Factors, Investment Analysis By Top Players with Development Factors, Investment Analysis By Top Players

12-13-2018 03:04 PM CET | Health & Medicine

Press release from: Allied Market Reserach

Global Analgesics Market with Development Factors, Investment

Global Analgesics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26.4 billion by 2022, registering a CAGR of 7.7% during the period 2015-2022. The non-opioids segment would continue to be the highest revenue-generating segment throughout the forecast period. North America and Europe, are likely to continue their lead through 2022; they collectively accounted for over half of the overall market share in the global analgesics market in 2015.

Frequent pain and aches experienced by the ageing population, increasing incidences of cardiovascular disease (CVD), cancer, & arthritis, and rising investments in R&D by the public & private sectors, with key focus on the classes of compounds to formulate new therapeutics, are the major factors boosting the market growth.

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Factors such as uncontrolled prescriptions of opioids and drug abuse, leading to approximately 28,000 deaths in the U.S. every year, and insufficient regulatory guidelines, especially against opioid analgesics, are likely to impede the market growth. Furthermore, the increase in popularity of personalized medicine is expected to provide numerous growth opportunities for the analgesics market in the near future.

Key findings of Analgesics Market:

• Opioid analgesics is expected to grow at a CAGR of 7.1% during the forecast period.

• The Asia-Pacific region is anticipated to be the fastest growing analgesics market, followed by LAMEA region.

• North America accounted for about one-third of the global analgesics market in 2015.

• Japan and China are the major market share holders in Asia-Pacific with a combined market share of approximately 50% of the analgesics market in this region.

• The U.S. occupies the major market share within North America market followed by Canada, together accounting for a market share close to 90.0% of the North American analgesics market.

• In the route of the administration market analysis, the transdermal analgesics segment is projected to grow fastest during the forecast period, whereas the oral analgesics segment is expected to grow at a CAGR of 1.5%.

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The report segments the analgesics market on the basis of type, route of administration, and geography. On the basis of type, the market is segmented into non-opioids and opioids. According to the route of administration, it is segmented into oral, intravenous, rectal, transdermal, and topical. Based on the geography, it is categorized into North America, Europe, Asia-Pacific, and LAMEA.

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About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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