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Major Growth Driver Identified in 2025 Pain Management Drugs Market: Surge In Surgeries Fueling The Pain Management Drugs Market
Pain Management Drugs Market
Pain Management Drugs Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pain management drugs has been experiencing steady expansion over the past few years. The projected growth from $80.13 billion in 2024 to $83.69 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%, reflects this trend. Factors such as an increase in chronic pain instances, a surge in cancer cases, a boost in surgical procedures, better pain evaluation methods, and government interventions have all contributed to the recorded growth in the historic period.
Pain Management Drugs Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the market size of pain management drugs is predicted to experience substantial growth, reaching "$104.19 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. This growth during the projected period can be linked to non-opioid alternatives, targeted treatments, precision medicine techniques, psychological interventions, and an emphasis on reducing side effects. The forecast period is likely to witness trends such as value-based care models, broader access programs, combined therapies, innovative supplementation, and biosimilar pain medications.
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What Are the Drivers Transforming the Pain Management Drugs Market?
The growth trajectory of the pain management drugs market is set to take a steep rise, spearheaded by the increasing frequency of surgical procedures. These critical medical interventions, involving the incision or penetration into the body tissues, are performed for the treatment of various diseases, injuries, to modify bodily functions or for cosmetic enhancements. Pain management drugs play an indispensable role in these procedures by controlling and reducing post-surgical pain, significantly enhancing patient comfort and facilitating recovery. Corresponding to the Global Survey 2022 findings of the International Society of Aesthetic Plastic Surgery, a US-based professional body of certified aesthetic plastic surgeons, the rate of surgeries performed by plastic surgeons experienced an overall surge of 11.2% in 2022, translating to a staggering total of over 14.9 million surgical procedures carried out worldwide. The past four years have seen a consistent growth in aesthetic surgery, recording a 41.3% hike. These escalating surgery rates are significantly driving the demand in the pain management drugs market.
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What Are the Key Trends Driving Pain Management Drugs Market Growth?
The rising trend in the pain management drugs market is technological innovation. A large number of leading companies in this market are putting efforts into creating new technologies. A case in point is Vertex Pharmaceuticals, an American biotechnology firm, that made a significant technological leap in Suzetrigine (VX-548) for treating acute and neuropathic pain in October 2024. This groundbreaking medication offers effective pain relief without the usual side effects associated with traditional painkillers. The invention of Suzetrigine is anticipated to amplify treatment choices for patients dealing with various pain conditions, thereby enhancing their lifestyle. Vertex is pioneering this innovative treatment in a bid to fill the gap in unmet medical requirements in pain management, thereby establishing itself as a frontrunner in the pharmaceutical industry.
Which Segments in the Pain Management Drugs Market Offer the Most Profit Potential?
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 Firms Dominate the Pain Management Drugs Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Pain Management Drugs Market?
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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