Press release
Advancements In Technology To Be The Humdinger Of Non Opioid Analgesics Market
More than 56% of people across the world are reported to experience the body pain once a week whereas head pain affects around 23% once a week. More than 70,000 Americans died due to opioid abuse in 2017, which resulted in stringent regulatory measures by various regulatory bodies.
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Increasing prevalence of the various chronic diseases such as cancer in which various treatments such as chemotherapy is responsible for the pain expected to drive the growth of the non-opioid analgesics market. Increasing number of surgeries is expected to result in increased prevalence of post-operative pain which in turn expected to drive the growth of the non-opioid analgesics market. Increasing number of people suffering from neuropathic pain further expected to fuel the growth of non-opioid analgesics market.
Additional regulatory impositions on the opioid drugs is responsible for their limited market reach which in turn expected to drive the growth of the non-opioid analgesics market. Increasing support of various advocacy groups and KOLs to the non-opioid analgesics expected to drive the growth of the non-opioid analgesics market. Lower cost of the non-opioid analgesics as compared to opioid drugs further expected to drive the growth of the non-opioid analgesics market.
Worldwide reach of various regional and global non-opioid analgesics manufacturers resulted in the easy access to these drugs driving the growth of the non-opioid analgesics market. Whereas, frequent use of non-opioid analgesics is linked to various conditions such as decreased kidney functioning, increased risk of stroke, etc. may hamper the growth of the market.
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Market Segmentation:
By drug class
NSAIDs
Acetaminophen
Local Anaesthetics
By pain type
Post-operative Pain
Cancer Pain
Neuropathic Pain
Others
By route of administration
Oral
Topical
Injectable
By distribution channel
Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies
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The global non-opioid analgesics market is expected to be dominated by the North America due to higher prevalence of the pain. Europe is expected to be the second most lucrative region in the global non-opioid analgesics market owing to higher adoption of the analgesics.
Asia-Pacific is expected to be the fastest growing non-opioid analgesics market due to large population residing in countries such as India and China. Latin America market is expected to experience steady growth whereas MEA expected to be the least lucrative market due to lower adoption.
The key participants operating in the global non-opioid analgesics market are: Iroko Pharmaceuticals, LLC, Pfizer Inc., Johnson & Johnson, MERCK, MIPHARM S.p.A., Novartis AG, Teva Pharmaceuticals, Mylan NV, and others.
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