Press release
Global Analgesics Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Analgesics
How Big Is the Analgesics Market Size Expected to Be by 2034?
There has been a consistent growth in the size of the analgesics market in past years. It is projected to expand from $109.97 billion in 2024 to $113.96 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. The earlier growth phase can be credited to various factors such as the influence of alternative therapies, safety and efficacy research, prevalence of pain, marketing strategies, and economic conditions.
The market for analgesics is predicted to experience consistent expansion in the upcoming years, with a projected valuation of $129.46 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.2%. The anticipated growth during this forecast period can be linked to the array of factors such as the emergence of alternative pain management solutions, competitive market dynamics, increased consumer health consciousness, demographic changes, and a surge in chronic diseases. Noteworthy trends projected for this period encompass the rise of personalized medicine, the use of non-opioid alternatives, the incorporation of and cannabinoids, targeted pain management strategies, and the focus on improving accessibility and affordability.
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What Are the Emerging Segments Within the Analgesics Market?
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 Long-Term Drivers Are Shaping Analgesics Market Trends?
The increasing incidence of chronic illnesses is a major factor propelling the analgesics market forward. Painkillers, also known as analgesic drugs, are widely used to address and alleviate severe or chronic bodily pain caused by various health ailments. For example, as per a report released by WHO, a health organization from Switzerland, in September 2022, chronic diseases often called noncommunicable diseases (NCDs), are health conditions that gradually develop due to a mix of genetic, physiological, environmental, and behavioral factors. Noncommunicable diseases (NCDs) are responsible for 41 million deaths every year, which makes up 74% of total global fatalities. Furthermore, 17 million people die from an NCD before they turn 70 every year. These premature deaths account for 86% of the total deaths in lower-middle-income countries while 77% of NCD-related deaths are documented in these nations as well. Hence, this considerable increase in the incidence of chronic illnesses is fueling the expansion of the analgesics market.
Who Are the Top Competitors in Key Analgesics Market Segments?
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
What Analgesics Market Trends Are Gaining Traction Across Different Segments?
In the analgesics industry, growth is increasingly being driven by investment, as leading painkiller drug makers are financially backing clinical-stage firms. This strategy allows them to solidify their market standing and gain an edge over competitors. They also benefit from an extended geographical reach and specialized knowledge in the creation and evolution of new products. For example, Concentric Analgesics, Inc., an American clinical-stage biopharmaceutical firm, successfully secured $20 million in convertible note funds from new and existing investors in January 2022. This significant financial boost will be channelled into starting registration-enabling Phase 3 examinations for Vocacapsaicin, the firm's chief product under development. The funds will also support further Phase 3 development activities for Vocacapsaicin, which is intended to alleviate post-surgical pain. This financial accomplishment is crucial for Concentric Analgesics as it facilitates the continuation of Vocacapsaicin's progression into Phase 3 development, positioning the program well for complete funding through to the NDA submission.
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Which Regions Are Becoming Hubs for Analgesics Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Analgesics Market?
2. What is the CAGR expected in the Analgesics Market?
3. What Are the Key Innovations Transforming the Analgesics Industry?
4. Which Region Is Leading the Analgesics Market?
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