Pain Relief Medication Market Analysis, Size, Share and Industry Report 2023-2030

Report Overview
The Pain Relief Medication Market is estimated to reach at a high CAGR during the forecast period (2023-2030).

Discomfort arises as a troublesome sensation resulting from tissue injury or disease. Numerous conditions can give rise to this distress, including abdominal ulcers, sclerosis, osteoarthritis, chronic arthritis, diabetic neuropathy, and cancer. Pain can be categorized based on its duration into two types: chronic, persisting for the long term, and acute, lasting for the short term, which may extend for months, weeks, or days. In contrast, chronic pain endures over an extended period, often spanning years.

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Market Dynamics

The global market for pain-relieving medication is experiencing growth driven by increasing demand.

Pain relief medications play a crucial role in alleviating severe pain associated with conditions such as post-surgery recovery, significant physical injuries, and pain resulting from cancer. These medications are also utilized for managing persistent pain from various sources. The rising incidence of postoperative pain, physical injuries, and chronic non-communicable diseases like arthritis and cancer is contributing to the growing demand for pain relief medication. According to the World Health Organization (WHO), millions of individuals suffer non-fatal injuries annually, leading to hospitalizations, treatment by general practitioners, emergency department visits, and acute care visits, often resulting in temporary or permanent disability. The WHO's International Agency for Research on Cancer reported approximately 19,292,789 new cases of various types of cancer globally in 2020. Additionally, the Global Rheumatoid Arthritis Network estimated that around 350 million people were living with arthritis in 2021. The National Institutes of Health (NIH) notes that over 75% of surgery patients experience acute postoperative pain, ranging from moderate to high severity.

Moreover, the surge in the number of surgical procedures conducted globally is further expanding the pain relief medication market. For instance, based on European core health indicators (ECHI), the two most common surgical operations and procedures performed in EU hospitals were cataract surgery and cesarean sections. In 2020, cataract surgery was performed approximately 3.66 million times across EU Member States, while cesarean sections were carried out at least 1.12 million times in the EU during the same period. This trend underscores the multifaceted factors contributing to the increased demand for pain relief medications on a global scale.

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Market Segmentation
By Route of Administration
Oral
Injectable
Topical

By Type
Acute
Chronic

By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

Market Key Players
Major players are Pfizer Inc., Johnson & Johnson Services Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline plc., Bristo-Meyers Squibb and Company, Teva Pharmaceutical Industries Ltd., Mylan N.V., Merck & Co., and Cardinal Health Inc.

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