Canada Pain Management Therapeutics Market Insights and In-Depth Analysis 2023-2028 with Types, Products and Key Players

Report Overview

Canadas Pain Management Therapeutics market size stood at around USD XX.X billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of around XX% during the forecast period.

In Canada according to several large population-based surveys, an estimated 1. Overall, 40.5% of Canadians aged 15 years and older (roughly 11.8 million people) reported they had used this type of pain relief product in their lifetime. Females were more likely than males to report opioid pain medication use. For both males and females, the prevalence of opioid medication use was highest among those aged 50 to 64. To help address the chronic pain crisis, Health Canada has created the Canadian Pain Task Force in March 2019 with the mandate of helping the federal government better understand and address the needs of those who live with chronic pain. The mounting numbers of surgical procedures coupled with growing healthcare expenditure will be driving the market growth in Canada.

Market Driving Factors

The rise in the rate of geriatric population, increasing incidence of chronic diseases, growing rate of accidental and sports injuries, growing public awareness are some of the major factors driving the pain management therapeutics market in Canada. The increasing incidences of chronic diseases such as cancer, diabetic neuropathy, and osteoarthritis and the rise in the number of surgical procedures also further accelerating the pain management therapeutics market growth. The growing awareness about the availability of medications, increasing the consumption and acceptance of pain management drugs owing to their high availability, easy access, high awareness, cost-effectiveness, and quick relief also influence the pain management therapeutics market.

Get PDF Sample Report Now! @ https://www.prudentmarkets.com/sample-request/139710/

Major Players

The Major market players are exhausting advanced technology for the developing abuse-deterrent drugs due to the increase in the number of drug abuse cases in the region. Recently BioSynet launched Combogesic® which is a new and effective opioid-free treatment to support Canadian healthcare providers in acute pain management. Also, TERPACAN™, from Tetra Bio Pharma, has received Health Canada approval for over-the-counter (OTC) use in back and muscle pain, and in hemorrhoids. Major Players having their presence in this market includes Novartis AG, Eli Lilly & Company, Abbott Laboratories, Endo Health Solutions Inc., Pfizer Inc., etc.

The Canada Pain Management Therapeutics Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Canada Pain Management Therapeutics market. This report explores all the key factors affecting the growth of the global Canada Pain Management Therapeutics market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

To Know More About COVID-19 Impact On Canada Pain Management Therapeutics Market @ https://www.prudentmarkets.com/sample-request/139710/

Market Segmentation

By Indication:

Based on the indication the pain management therapeutics is divided into Chronic Back Pain, Neuropathic Pain, Fibromyalgia, Arthritic Pain, Cancer Pain, Postoperative Pain, Migraine, Others. Among these, back pain is the most common problem faced by Canadians (about 35% of people suffer from this). Over 80% of people in Canada are experiencing at least one episode of back pain during their lifetime making it a leading reason for visiting a healthcare provider for musculoskeletal-related complaints.

By Drug Class:

Based on the Drug Class this market is classified into Anaesthetics, Antidepressants, Anticonvulsants, Non-steroidal Anti-inflammatory Drugs (NSAIDs), Anti-migraine Agents, Opioids, Non-narcotic Analgesics, and Others. The number of opioids being dispensed for pain in Canada has been fallen substantially in the past few years due to the rising number of cases of opioids overdose. Instead, they are going for more publicly funded treatments, such as physiotherapy and cognitive behavior therapy, and better access to pain-killing medication for those truly in need

By Distribution Channel:

Canada's pain management market is segmented into Online Pharmacy, hospital pharmacies, and Retail Pharmacy based on the type of distribution channel.

 Major Players

The Major market players are exhausting advanced technology for the developing abuse-deterrent drugs due to the increase in the number of drug abuse cases in the region. Recently BioSynet launched Combogesic® which is a new and effective opioid-free treatment to support Canadian healthcare providers in acute pain management. Also, TERPACAN™, from Tetra Bio Pharma, has received Health Canada approval for over-the-counter (OTC) use in back and muscle pain, and in hemorrhoids. Major Players having their presence in this market includes Novartis AG, Eli Lilly & Company, Abbott Laboratories, Endo Health Solutions Inc., Pfizer Inc., etc.

Prudent Markets provides attractive discounts that fit your needs. Customization of the reports as per your requirement is also offered. Get in touch with our sales team, who will guarantee you a report that suits your needs.

Speak To Our Analyst For A Discussion On The Above Findings, And Ask For A Discount On The Report @ https://www.prudentmarkets.com/discount-request/139710/

The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Canada Pain Management Therapeutics Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Canada Pain Management Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canada Pain Management Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the Canada Pain Management Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canada Pain Management Therapeutics
Chapter 4: Presenting the Canada Pain Management Therapeutics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canada Pain Management Therapeutics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Any Questions? Feel Free To Enquire Here. We Will put you on the Right Path @ https://www.prudentmarkets.com/enquiry-request/139710/

Free Customization on the basis of client requirements on Immediate purchase:
1- Free country-level breakdown of any 5 countries of your interest.
2- Competitive breakdown of segment revenue by market players.

Customization of the Report:
This report can be customized to meet the client's requirements. Please connect with our sales team (sales@prudentmarkets.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +91 83560 50278 || USA/Canada(Toll Free): 1800-601-6071 to share your research requirements.

Get ready to Recognize the pros and cons of the regulatory framework, local reforms, and its effect on the Industry. Understand how the Leaders in Intelligent Network are keeping themselves one stage forward with our most up-to-date survey analysis.

In conclusion, the Canada Pain Management Therapeutics Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

Contact Us:
Allan Carter
Andheri, Maharashtra, 400102
USA/Canada(Toll Free): 1800-601-6071
Direct Line: +91 83560 50278
Mail: sales@prudentmarkets.com
Web: www.prudentmarkets.com

About Us:
We are leaders in market analytics, business research, and consulting services for Fortune 500 companies, start-ups, financial & government institutions. Since we understand the criticality of data and insights, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. To be at our client's disposal whenever they need help on market research and consulting services. We also aim to be their business partners when it comes to making critical business decisions around new market entry, M&A, competitive Intelligence and strategy.

This release was published on openPR.