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Prescription Pain Medication Market Size Projected To Reach 97.23 Billion By 2034 With A Cagr Of 5.7%
Prescription Pain Medication Market Growth
What Is the Projected Growth of the Prescription Pain Medication Market?
The market size for prescription pain medication has seen robust growth in the past couple of years. The anticipated growth is from $73.59 billion in 2024 to a projected $77.97 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth experienced in the past include a surge in chronic pain cases, an increase in surgical procedures, an intensified focus on palliative care, and a rise in musculoskeletal disorder incidences.
There is a forecasted robust expansion in the prescription pain medication market in the upcoming years, with projected growth to reach $97.23 billion by 2029, increasing at a compound annual growth rate (CAGR) of 5.7%. The predicted surge during the forecast period can be credited to the escalating demand for specialized medication, increased emphasis on pain management post-trauma, wider acceptance of telemedicine techniques for pain control, an increased count of patients preferring non-opioid alternatives, and a higher incidence of neuropathic pain. Major emerging trends for the forecast period encompass the development of non-opioid alternate pain medication, incorporation of digital health tactics, pioneering targeted pain treatment methods, the creation of combination analgesics, and advancements in non-addictive pain therapies.
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What Are the Different Prescription Pain Medication Market Segments?
The prescription pain medication market covered in this report is segmented -
1) By Type: Prescription Non-Steroidal Anti-Inflammatory Drugs, Opioids, Anti-Epileptic Medicines, Antidepressants, Other Types
2) By Route Of Administration: Oral, Injectable, Transdermal, Other Route Of Administrations
3) By Application: Neuropathic Pain, Cancer Pain, Post-Operative Pain, Other Applications
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Prescription Non-Steroidal Anti-Inflammatory Drugs: COX-2 Inhibitors, Traditional Non-Steroidal Anti-Inflammatory Drugs, Combination Non-Steroidal Anti-Inflammatory Drugs
2) By Opioids: Strong Opioids, Mild Opioids, Opioid Combination Medications
3) By Anti-Epileptic Medicines: Sodium Channel Blockers, Gamma-Aminobutyric Acid Modulators, Glutamate Inhibitors
4) By Antidepressants: Selective Serotonin Reuptake Inhibitors, Tricyclic Antidepressants, Serotonin-Norepinephrine Reuptake Inhibitors, Other Antidepressants
5) By Other Types: Muscle Relaxants, Topical Pain Medications, Corticosteroids
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What Are the Primary Drivers Shaping the Prescription Pain Medication Market?
The anticipated growth of the prescription pain medication market is largely attributed to the escalating rates of arthritis. Arthritis, characterized by joint inflammation resulting in pain, swelling, stiffness, and a limited range of motion, is often triggered by obesity. Excessive body weight intensifies the strain on joints, especially the knees, and promotes inflammation. Prescription pain meds play a significant role in managing arthritis by reducing inflammation and pain, fostering better joint performance, and enhancing the overall life quality of those affected. For illustration, in March 2023, data from the Office for Health Improvement and Disparities, a UK government agency, showed in 2022, arthritis or ongoing back or joint issues impacted 17.6% of individuals aged 16 and older, a rise from 17.0% in 2021. Consequently, the mounting occurrence of autoimmune disorders is spurring the expansion of the prescription pain meds market.
Which Companies Are Leading in the Prescription Pain Medication Market?
Major companies operating in the prescription pain medication market are Mallinckrodt Public Limited Company, Pfizer Inc., Johnson And Johnson, Merck And Co. Inc., AbbVie Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Novartis International AG, GlaxoSmithKline Public Limited Company, Takeda Pharmaceutical Company Limited, Eli Lilly And Company, Teva Pharmaceutical Industries Ltd., Boehringer Ingelheim GmbH, Mylan N.V., Sandoz, Inc, Bausch Health Companies Inc., Purdue Pharma L.P., Endo International Plc
What Prescription Pain Medication Market Trends Are Gaining Traction Across Different Segments?
Top firms in the prescription pain medication market are prioritizing the development of alternative treatments, like non-opioid pain relievers, to address rising anxieties about opioid dependency and enhance patient safety. Non-opioid analgesics are drugs that deal with pain without posing the risk of addiction that opioids do, thereby providing a safer and effective choice for chronic pain management, and mitigating the possibilities of addiction and lethal overdoses. As an example, Vertex Pharmaceuticals Incorporated, a biotech company stationed in the US, gained clearance from the U.S. Food and Drug Administration (FDA), a US government body, for JOURNAVX, their innovative non-opioid oral medication, in January 2025. This drug selectively engages NaV1.8 sodium channels in peripheral nerves to put a halt to pain signals, bypassing the central nervous system, hence offering a potent solution for acute pain without the risk of addiction. It produces clinically significant pain reduction as demonstrated by Phase 3 trials in abdominoplasty and bunionectomy, maintains a twice-daily dosage schedule, and is not a regulated substance, fulfilling an urgent requirement for safer methods of acute pain management.
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What Are the Top Revenue-Generating Geographies in the Prescription Pain Medication Market?
North America was the largest region in the prescription pain medication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prescription pain medication 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 Prescription Pain Medication Market?
2. What is the CAGR expected in the Prescription Pain Medication Market?
3. What Are the Key Innovations Transforming the Prescription Pain Medication Industry?
4. Which Region Is Leading the Prescription Pain Medication Market?
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