Press release
Latin America Pain Management Drugs Market 2025 | Growth Drivers, Market Expansion Trends & Investment Opportunities
Latin America Pain Management Drugs Market
The Latin America pain management drugs market reached US$ 4,069.52 million in 2024 and is expected to reach US$ 6,576.78 million by 2033, growing at a CAGR of 5.6% during the forecast period 2025-2033.
Key Development:
Latin America: Recent Developments in Pain Management Drugs
✅ In January 2025, SteinCares announced a commercialization agreement with Molteni Farmaceutici to expand access to Oramorph®, a novel morphine oral solution, in Ecuador, Brazil and Mexico.
✅ In July 2024, Grünenthal invested over €80 million to modernize its Latin American production sites-refurbishing the Santiago, Chile plant (3,500 m2; ~1.8 billion tablets/year) and building a new facility in Quito, Ecuador (~1,800 m2; ~300 million tablets/year) to improve supply of pain medicines.
Japan: Recent Launches & R&D in Pain Management
✅ On August 5, 2025, Kyoto University researchers published discovery of ADRIANA, an oral non-opioid analgesic targeting the α2B adrenoceptor. It shows promise for treating severe and chronic pain with lower risks of addiction. Large U.S. studies are now being planned.
✅ In May 2025, Shionogi had its New Drug Application for naldemedine tosilate (treatment for opioid-induced constipation, a side effect in pain management) accepted in China. While not a painkiller itself, this addresses a major pain drug-side‐effect issue.
✅ In 2025, mirogabalin, a novel calcium channel α2δ ligand first approved in Japan, has been the subject of reviews showing effectiveness across multiple neuropathic pain types (post-herpetic, diabetic peripheral, radiculopathy etc.), with relatively favourable side-effect profile vs older drugs.
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Latin America Pain Management Drugs Market refers to the pharmaceutical sector focused on medications used to alleviate acute, chronic, and neuropathic pain. This includes opioids, non-steroidal anti-inflammatory drugs (NSAIDs), muscle relaxants, and adjuvant therapies. Market growth in Latin America is driven by increasing prevalence of chronic pain conditions, aging populations, rising awareness of pain management options, and expanding healthcare infrastructure, with a focus on improving patient quality of life and access to effective therapies.
Key Players:
Bayer AG, Kenvue, Teva Pharmaceuticals Industries Ltd., Viatris Inc., Pfizer Inc., Abbott, and Sun Pharmaceutical Industries Ltd., among others.
Growth Forecast Projected:
The Global Latin America Pain Management Drugs Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2033. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Latin America Pain Management Drugs Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Drug Type: Non-Steroidal Anti-Inflammatory Drugs, Opioids, Corticosteroids, Muscle Relaxants, Anticonvulsant Drugs, Others
By Indication: Arthritis Pain, Back Pain, Surgery Pain, Headaches & Migraine, Injury Pain, Cancer Pain, Fibromyalgia, Muscle Spasms, Menstrual Pain, Neuropathic Pain, Others
By Mode of Prescription: Prescription-Based, Over-the-Counter
By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Clinics, Online Pharmacies, Others
Regional Analysis for Latin America Pain Management Drugs Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Latin America Pain Management Drugs producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Latin America Pain Management Drugs revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ
What is the current size of the Latin America Pain Management Drugs Market?
A: In 2024, the Latin America Pain Management Drugs Market was valued at US$ 4,069.52 million, reflecting its strong industry presence.
Q2: How large is the Latin America Pain Management Drugs Market expected to be by 2033?
A: By 2033, industry forecasts suggest the Latin America Pain Management Drugs Market will grow to around US$ 6,576.78 million, demonstrating significant expansion.
Q3: What is the growth rate of the Latin America Pain Management Drugs Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2025 to 2033.
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