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Surge In Surgeries Fueling The Pain Management Drugs Market: Transformative Forces Shaping the Pain Management Drugs Market Landscape in 2025
Pain Management Drugs
What Will the Pain Management Drugs Industry Market Size Be by 2025?
In the past few years, the size of the pain management drugs market has experienced significant growth. The projections indicate an increase from $80.13 billion in 2024 to $84.51 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.5%. The historical growth is attributable to factors such as a surge in chronic pain conditions, an increase in cancer diagnoses, an uptick in surgical procedures, enhanced pain evaluation techniques, and government initiatives.
What's the Long-Term Growth Forecast for the Pain Management Drugs Market Size Through 2029?
Anticipated to see robust expansion in the upcoming years, the market size of pain management drugs is projected to escalate to $106.56 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. This augmentation during the projected period is linked to factors such as non-opioid alternatives, targeted therapies, precision medicine strategies, psychological interventions, and a concentrated effort to reduce side effects. The upcoming trends for the forecast period comprise value-based care models, broadened access programs, combined therapies, inventive formulations, and biosimilar pain medications.
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What Are the Key Growth Drivers Fueling the Pain Management Drugs Market Expansion?
The escalating number of surgical procedures is poised to boost the expansion of the pain management drugs market. Surgical procedures, which involve the cutting or penetration into body tissues for addressing illnesses, altering physiological functions, or enhancing appearances, necessitates the use of pain management drugs. These medicines aid significantly in moderating and relieving post-surgical pain, thereby enhancing patient comfort and recovery. As an example, the Global Survey 2022 report from the International Society of Aesthetic Plastic Surgery, an American professional organization for board-certified aesthetic plastic surgeons, revealed in September 2023 that there was an 11.2% overall surge in procedures performed by plastic surgeons in 2022. Over 14.9 million surgical procedures were carried out globally. The past four years have witnessed a consistent upward trend in aesthetic surgery, recording a hike of 41.3%. Consequently, the elevating rate of surgeries stimulates the growth of the pain management drugs market.
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What Are the Key Trends Driving Pain Management Drugs Market Growth?
Emerging technology is a key trend within the pain management drug market that is growing in popularity. Many leading companies in this marketplace are focusing their efforts on the pioneering of innovative technologies. For example, in October 2024, the American biotech firm Vertex Pharmaceuticals announced substantial developments in Suzetrigine (VX-548), a novel drug intended for treating acute and neuropathic pain. This breakthrough medicine aims to offer substantial pain relief without the usual side-effects seen with traditional pain killers. The emergence of Suzetrigine is anticipated to broaden the range of treatment options available for patients suffering with various pain conditions, consequently improving their standard of living. As Vertex continues to push the boundaries with this ground-breaking therapy, it aims to fulfill outstanding medical needs in the field of pain management, positioning the company as a pharmaceutical market leader.
How Is the Pain Management Drugs Market Segmented?
The pain management drugs market covered in this report is segmented -
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 Or Strain, Bone Fracture, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Non-Steroidal Anti-Inflammatory Drugs (NSAIDs): Ibuprofen, Naproxen, Aspirin, Diclofenac, ket*orolac
2) By Anesthetics: Local Anesthetics, General Anesthetics
3) By Anticonvulsants: Gabapentin, Pregabalin, Carbamazepine, Topiramate
4) By Anti-Migraine Agents: Triptans, Ergot Alkaloids, CGRP Inhibitors
5) By Antidepressants: Tricyclic Antidepressants, SNRIs
6) By Opioids: Morphine, Oxycodone, Hydrocodone, Fentanyl
7) By Nonnarcotic Analgesics: Acetaminophen, Aspirin, Other Analgesics
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Which Companies Are Leading the Charge in Pain Management Drugs Market Innovation?
Major companies operating in the pain management drugs market include Novartis AG, Eli Lilly And Company, Abbott Laboratories, Endo International plc, Pfizer Inc., Merck & Co. Inc., Johnson & Johnson Services Inc., GlaxoSmithKline plc, AbbVie Inc., Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Bausch Health Companies Inc., Sanofi, F. Hoffmann-La Roche Ltd., Boehringer Ingelheim, Mallinckrodt Pharmaceuticals, Daiichi Sankyo Company Limited, Grünenthal GmbH, Mundipharma International Limited, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Zydus Cadila, Lupin Pharmaceuticals Inc., Torrent Pharmaceuticals Ltd.
Which Regions Are Leading the Global Pain Management Drugs Market in Revenue?
North America was the largest region in the pain management drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the pain management drug market report during the forecast period. The regions covered in the pain management drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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