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Pain Management Drugs Market Recent Development And Future Growth Forecast To 2032
Pain Management Drugs Market
Pain Management Drugs Market Size, Growth Rate, And Forecast
The global pain management drugs market size is expected to grow from $72.60 billion in 2022 to $76.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pain management drugs market size is expected to reach $92.15 billion in 2027 at a CAGR of 4.7%.
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Pain Management Drugs Market Drivers
The rise in the geriatric population is expected to boost the growth of the pain management drugs market going forward. The geriatric population refers to people 65 years and older. Pain management drugs are often given to elderly patients to relieve the pain of arthritis, cancer, neurological disorders, and other conditions that are more common in later life; hence, the rise in the geriatric population is expected to boost the pain management drugs market.
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Pain Management Drugs Market Segments
1) By Drug Class: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Anesthetics, Anticonvulsants, Anti-migraine Agents, Antidepressants, Opioids, Nonnarcotic Analgesics
2) By Indication: Arthritic Pain, Neuropathic Pain, Cancer Pain, Chronic Back Pain, Postoperative Pain, Migraine, Fibromyalgia, Muscle sprain/strain, Bone fracture, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pain Management Drugs Market.
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Pain Management Drugs Market Key Players
Major competitors in the Pain Management Drugs Market include Novartis AG, Eli Lilly And Company, Abbott Laboratories, Endo International plc, Purdue Pharma L.P., Pfizer Inc., Merck & Co. Inc., Johnson & Johnson Services Inc., GlaxoSmithKline plc, AbbVie Inc., Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Mylan N.V., and Bausch Health Companies Inc
The Business Research Company's "Global Pain Management Drugs Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Pain Management Drugs Market Include:
1. Executive Summary
2. Pain Management Drugs Market Characteristics
3. Pain Management Drugs Market Trends And Strategies
4. Pain Management Drugs Market - Macro Economic Scenario
5. Pain Management Drugs Market Size And Growth
.......
26. Africa Pain Management Drugs Market
27. Pain Management Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pain Management Drugs Market
29. Pain Management Drugs Market Future Outlook and Potential Analysis
30. Appendix
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