openPR Logo
Press release

Analgesics Market to Witness Major Growth in Coming Years

02-04-2020 02:23 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Analgesics Market

Analgesics Market

"World Analgesics Market - Opportunities and Forecasts, 2015-2022" projects that the world analgesics market would reach $26.4 billion by 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.

Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/1254

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. However, 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.

The oral analgesics segment held about half of the market share in 2015, and is anticipated to maintain this trend throughout the forecast period. This is mainly attributed to the higher use of oral analgesics as compared to intravenous and topical analgesics. Economical cost, ease of availability, and high popularity of oral analgesics are the key factors responsible for the dominance of this segment.

Key findings of the study:

Opioid analgesics is expected to grow at a CAGR of 7.1% during the forecast period.
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%.
North America accounted for about one-third of the global analgesics market in 2015.
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.
The Asia-Pacific region is anticipated to be the fastest growing analgesics market, followed by LAMEA region.
Japan and China are the major market shareholders in Asia-Pacific with a combined market share of approximately 50% of the analgesics market in this region.

To know more about the report, visit the website at https://www.alliedmarketresearch.com/analgesics-market

North America accounted for a major share of the overall analgesics market revenue in 2015, owing to large number of pharmaceutical companies in this region. The analgesics market in developing economies, such as China and India, has numerous growth opportunities because of the availability of cheap raw materials and economical workforce. The global analgesics manufacturers are relocating their facilities into developing economies by agreements or acquisitions with local players. Moreover, increasing use of analgesics in countries such Nigeria, China, and India supports the growth of analgesics in developing economies.

The key companies profiled in the report are Bayer AG, Novartis AG, GlaxoSmithKline PLC, Pfizer Inc., Johnson & Johnson, Reckitt Benckiser (RB), Endo Pharmaceuticals, Bristol-Myers Squibb, Eli Lilly and Company, and Sanofi S.A.

Related Reports:
Asia Pacific ECG Telemetry Devices Market
https://www.alliedmarketresearch.com/asia-pacific-ecg-telemetry-devices-market

Wound Care Market
https://www.alliedmarketresearch.com/wound-care-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Analgesics Market to Witness Major Growth in Coming Years here

News-ID: 1918789 • Views: 186

More Releases from Allied Market Research

Dehydrated Food Market Current and Future Trends, Insight Growth and Forecast by …
Dehydrated food is the dried form of food by the process of dehydration. Dehydration enables the product to be preserved for a longer duration and this is the major factor that drives the global market for dehydrated food products. Advancement in technology has allowed the season fruits and vegetables to be consumed at any point in a year by dehydration and preserving for long time. Companies covered Nestle, Unilever, Mercer Foods, Kerry,
India Olive Oil Market Current and Future Demand by 2025 | Colavita S.p.A, Deole …
India Olive Oil Market by Type and Application: Opportunity Analysis and Industry Forecast, 2018 - 2025. The India olive oil market was worth $ 58.6 million in 2017 and is estimated to be growing at a CAGR of 9.9%, to reach $127.5 million by 2025. Olive oil is a liquid fat that is obtained from olives, a crop typically grown in the Mediterranean Basin. The oil is prepared by pressing whole
Food Preservatives Market Opportunities and Analysis to 2023 with Top Players Li …
Food Preservatives Market by Type, Function, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023. The food preservatives market was valued at $2,271 million in 2016, and is projected to reach $2,714 million by 2023, growing at a CAGR of 2.6% from 2017 to 2023. Asia-Pacific is one of the prominent consumers of food preservatives, accounting for nearly one-third of the total market in 2016. Download PDF Sample Report @ https://www.alliedmarketresearch.com/request-sample/2277 Preservatives are
Food Enzymes Market Size, Share, Development and Industry Overview by 2026
Food Enzymes Market by Type, Application and Source: Global Opportunity Analysis and Industry Forecast, 2019 - 2026. The global food enzymes market size was $1,944.8 million in 2018, and is projected to reach $3,056.9 million by 2026, registering a CAGR of 5.6% from 2019 to 2026. In terms of volume, North America occupied more than one-third of the global market share for 2018 and is expected to maintain its dominance during

All 5 Releases


More Releases for Analgesics

Narcotic Analgesics: Future of Chronic Pain Management
The development of tolerance for non-narcotic analgesics is the primarily reason behind the constantly increasing sales for narcotic analgesics. Attributing to the higher efficacy in pain management and quick onset of action, narcotic analgesics are largely used in palliative care services for treating patients suffering from neuropathic pain. Increasing focus on palliative care services in third world countries and readily available reimbursements are the key factors expected to boost the
11-28-2017 | Health & Medicine
Fact.MR
7 Key Projections for OTC Analgesics Market
The global OTC analgesics market is projected to register an above-average CAGR during 2017 to 2022. Global sales of OTC analgesics is estimated to account for nearly US$ 25,000 Mn revenues by 2022-end. Request For Sample Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=75 The trend of using off-label drugs that are affordable and unapproved, but effective in treating diseases, has been witnessing an upsurge over the past few years. Various off-label drugs including tricyclic antidepressants, antihistamines,
Non Narcotic Analgesics Market Report : 2017
Reports And Markets Publish a New Market Research Report On –"Non Narcotic Analgesics Market Report : 2017" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/asia-pacific-non-narcotic-analgesics-market-report-2017-1541250 In this report, the Asia-Pacific Non Narcotic Analgesics market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several
Narcotic Analgesics Market Report : 2017
Reports And Markets Publish a New Market Research Report On –"Narcotic Analgesics Market Report 2017" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/asia-pacific-narcotic-analgesics-market-report-2017-1541244 In this report, the Asia-Pacific Narcotic Analgesics market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with
Analgesics Market - Global Industry Analysis 2024
Analgesics, or painkillers, are used to reduce and treat aches and pains. Internal and external analgesics are used to combat pain resulting from inflammation, cancer treatments, physiological injury, neuropathic conditions, surgeries, wounds, and phantom aches. The most prominent therapeutic classes of analgesics are local anesthesia, nonsteroidal anti-inflammatory drugs (NSAIDs), and opioids. The growing incidence of cancer worldwide and the rise in chronic diseases are mainly responsible for the consistent growth
Global Antipyretic Analgesics Sales Market Report 2017
This report studies sales (consumption) of Antipyretic Analgesics in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Crown Pharmaceuticals Medipaams India SRS Pharmaceuticals Umang Pharma YaoPharma ... Market Segment by