Analgesics Market Driven by Growing Opioid and Non-Opioid Medicine Sales

The application of opioids for the treatment of pain due to cancer, surgery, injury and trauma makes it a bright prospect in the augmentation of analgesics market. Along with opioid drugs, non-opioid is expected to underpin the analgesics market. Prominent companies are grappling to invest in research and development to augment non-opioid drugs through the application of innovative drug delivery approaches which will help in alleviating pain for considerably longer time. These assimilations are according to the report titled, “Analgesics Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been recently added to the repository of Market Research Hub (MRH). The analysis of the market infer opioid to be the principal factor pushing the analgesics market

Governments’ approach to undergird palliative care in developing countries has bolstered the use of opioids as efficacious pain solution. Predominantly, reimbursement scheme along with palliative care initiatives are force to reckon with in the augmentation of the market.

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The application of opioids maintenance treatment (OMT) can be witnessed for the treatment of opioids dependence (OD) which is performed by truncating addiction of consuming illicit drugs. However, commercialization of OMT has received flak for itself turning out to be yet another type of addiction. Consequently, governments have brought forth severe regulations to curb the abuse of drugs. On the other hand, commercializing opioid tolerant drugs for opioid intolerant patients is estimated to boost the manufacturers in analgesics market.

Analgesics Market: Report Synopsis

The report provides a thorough analysis on the analgesics market. Further, the report provides a comprehensive assessment on the drivers, restraints trends and opportunities for the major companies in the market. The report does assessment of the report with regards to drug class, pain type, distribution channel and region. The report tracks each segment on the basis of prescription and over-the-counter (OTC) revenue generation.

The report starts with executive summary followed by market definition and taxonomy. Further, the report delves into macro-economic factors and opportunity analysis having an impact on the market directly or indirectly. The report also contains PESTLE analysis section to provide a thorough view of the market. The final section incorporates competitive landscape with the dashboard view assessing the market. Further, the final section provides a comparative assessment of prominent companies in the market.

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Analgesics Market: Research Methodology

An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market. Factors such as treatment seeking rate, epidemiology, ratio of population prescribed with different analgesics have been considered while developing the estimates of the market. Besides, bottom-up approach has been adopted to validate total market size.

The secondary research embodies company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.

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This release was published on openPR.