Key Influencer in the Analgesics Market 2025: Elevated Prevalence Of Chronic Diseases Fuels Growth In The Analgesics Market Driver

"How Are the key drivers contributing to the expansion of the analgesics market?
The growing frequency of chronic health conditions fuels the expansion of the analgesics market. Analgesics, colloquially known as painkillers, are employed in combating extreme or long-lasting pain resulting from a variety of health disorders. For instance, a report from the World Health Organization (WHO) in September 2022 pointed out that chronic diseases, also dubbed noncommunicable diseases (NCDs), materialize over an extended duration due to a mixture of genetic factors, physiological conditions, environment, and behaviors. As per the report, NCDs are responsible for 41 million deaths annually, which equates to 74% of all global deaths. Every year, 17 million individuals succumb to an NCD before reaching 70 years of age. Such premature deaths comprise 86% of fatalities in low- and middle-income countries, where 77% of deaths due to NCDs occur. Consequently, the escalating occurrence of chronic diseases propels the growth of the analgesics market.

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What growth opportunities are expected to drive the analgesics market's CAGR through 2034?
The market size of analgesics has seen a steady increase in the recent past. It's slated to expand from $109.97 billion in 2024 to $113.96 billion in 2025, registering a compound annual growth rate (CAGR) of 3.6%. Factors such as the influence of alternative therapies, results of safety and efficacy studies, prevalence of pain, marketing, promotional activities, and economic influences can be credited for the growth observed in the historic period.

The market size of analgesics is projected to witness consistent expansion in the ensuing years, reaching $129.46 billion by 2029 with an annual growth rate of 3.2%. Factors contributing to the growth during the forecast period include alternatives for pain management, market rivalry, consumer health knowledge, demographic changes, and increasing chronic diseases. Key trends for the same period involve personalized medicine, non-opioid alternatives, the use of CB*D and cannabinoids, focused pain management, and affordable, accessible options.

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What trends are poised to drive the future success of the analgesics market?
The analgesics market is witnessing an increasing trend of companies focusing on investments to drive their growth. Prominent manufacturers of analgesic drugs are strategically investing in clinical-stage firms to secure a competitive edge and bolster their stance in the market. These investments allow the businesses to broaden their geographical presence and acquire specialized skills in researching and developing novel products. For instance, in January 2022, Concentric Analgesics, Inc., a US based clinical-stage biopharmaceutical firm, finished a $20 million convertible note financing from a blend of fresh and existing investors. The funding will be channeled towards launching registration-empowering Phase 3 studies for Vocacapsaicin, the firm's Phase 3-ready principal product candidate. Additionally, the financing will also support the continued Phase 3 development endeavors for Vocacapsaicin, Concentric Analgesics' leading therapeutic candidate for treating post-operative pain. The successful closing of the financing deal is a significant milestone for Concentric Analgesics as it facilitates the company to move forward with Vocacapsaicin's Phase 3 development, and marks a crucial initial step in completely financing the program until NDA submission.

Which growth-oriented segments of the analgesics market are leading the industry's development?
The analgesics market covered in this report is segmented -

1) By Type: Non-opioids, Opioids
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores
3) By Application: Internal Analgesics, External Analgesics

Subsegments:
1) By Non-Opioids: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Acetaminophen (Paracetamol), Salicylates
2) By Opioids: Natural Opioids, Semi-Synthetic Opioids, Synthetic Opioids

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What regions are leading the charge in the analgesics market?
North America was the largest region in the analgesics market in 2024. Middle East is expected to be the fastest-growing region in the global analgesics market during the forecast period. The regions covered in the analgesics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the analgesics market?
Major companies operating in the analgesics market include Pfizer Inc., Johnson & Johnson Services Inc., Medley Pharmaceuticals Limited, AbbVie Inc., Bayer HealthCare Pharmaceuticals LLC, Novartis International AG, Sanofi SA, Bristol-Myers Squibb Co., AstraZeneca Plc., Abbott Laboratories, GlaxoSmithKline plc, Takeda Pharmaceutical company Limited, Eli Lilly and Company, Reckitt Benckiser Group plc, Viatris Inc., Teva Pharmaceuticals Industries Ltd., Sun Pharmaceutical Industries Limited, Purdue Pharma L.P, Cipla Limited, Allergan Inc., Endo International plc, Amneal Pharmaceuticals LLC, Mallinckrodt Pharmaceuticals Ltd., Chattem Inc., Hisamitsu Pharmaceutical Co.Inc., GW Pharmaceuticals, Verve Health Care Ltd., Alder BioPharmaceuticals Inc., Achelios Therapeutics Inc., WEX Pharmaceuticals Inc., Zynerba Pharmaceuticals, McNeil Consumer & Specialty Medical Products, Innovative Med Concepts LLC

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What Is Covered In The Analgesics Global Market Report?

• Market Size Forecast: Examine the analgesics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the analgesics market for a structured understanding.
• Key Players Overview: Analyze major players in the analgesics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the analgesics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the analgesics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the analgesics market.
• Industry Challenges: Identify potential risks and obstacles affecting the analgesics market.
• Competitive Landscape: Review strategic developments in the analgesics market, including expansions, agreements, and new product launches.

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