Global Analgesics Market Size By Type (Non-Opioids, Opioids), By Route Of Administration (Oral, Intravenous), By Distribution (Hospital Pharmacies, Retail Pharmacies), By Geographic Scope And Forecast

Analgesics Market Size And Forecast

Analgesics Market size was valued at USD 29.44 Billion in 2022 and is projected to reach USD 49.18 Billion by 2030, growing at a CAGR of 6.62% from 2023 to 2030.

Global Analgesics Market is witnessing significant growth during the forecasted period due to various driving factors including growing demand from online and retail pharmacies, potential advantages of IV analgesics, and growing prevalence of different diseases amongst the global population, amongst others. Furthermore, the market is expected to grow steadily throughout the forecast period due to the growing geriatric population, and growing healthcare spending from developed as well as developing economies around the world. The Global Analgesics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Analgesics Market Definition

Analgesics are a type of medication that relieves pain without producing unconsciousness. Analgesics contain an agent that reduces pain sensation without causing unconsciousness to ease pain and create analgesia. They are also known as pain relievers because they help with everything from headaches to injuries to arthritis. Anti-inflammatory analgesics diminish inflammation, while opioid analgesics alter the brain’s perception of pain.

Some analgesics are available over the counter, while others require a prescription. It can be used to treat acute (rapid, short-term) pain such as a twisted ankle or headache, as well as aches and pains such as menstrual cramps or muscular stiffness. They alleviate chronic pain disorders such as arthritis, cancer, or back pain, as well as post-surgery aches and orthopedic traumas such as broken bones.

Analgesics come in a variety of forms, including films, liquids, injections, sprays (nasal, topical, etc.), powders, patches, and tablets. Films, liquids, pills, tablets, capsules, and powders can be eaten orally. A syringe (needle) is used to inject liquids into the body through blood vessels (i.e. IV or Intravenous application). Nasal spray can be administered via the nose and nasal cavity. The afflicted parts or skin are sprayed with topical sprays. Patches (bandages) can be applied directly to the skin.

Global Analgesics Market Overview

The growing prevalence of different diseases such as orthopedic, cardiac, autoimmune diseases, sexually transmitted diseases, and cancers, amongst others, is the major factor that fuels the growth of the Global Analgesics Market during the forecasted period. Chlamydia can cause pelvic and testicular pain. Hepatitis B can also cause joint and muscular pain. Small blisters or sores around the genitals might be signs of syphilis or genital herpes.

The prevalence of STDs such as Chlamydia, Hepatitis B, syphilis, and genital herpes is growing across the world, fueling the growth of the market. For instance, about 1.5 million cases of Chlamydia were reported in 2020 across the United States, according to the Centers for Disease Control and Prevention (CDC). Pain is prevalent in Parkinson’s disease, and it is frequently caused by stiffness or dystonia, which can be worse by “off” times. Parkinson’s drugs and other therapies can all help to alleviate pain caused by Parkinson’s symptoms.

The NSAIDs ibuprofen and diclofenac, metamizole, or COX-2 inhibitors are commonly used in relieving pain in Parkinson’s disease. According to the Parkinson’s Foundation Prevalence Project, the number of patients suffering from Parkinson’s disease in the United States is growing and it is expected to rise to 1.2 million by 2030. Patients with multiple sclerosis (MS) frequently experience neuropathic discomfort. It frequently affects a limb or limbs and, on rare occasions, the trunk. It has been described as scorching, tingling, jabbing, electrical, and itchy.

Strong opioid analgesics (such as morphine, oxycodone, methadone, and fentanyl) and tramadol (alone or in conjunction with a first-line medication) are typically considered second-line therapy in MS. Also, Nonsteroidal anti-inflammatory medicines (NSAIDs) including Aleve (naproxen) and Advil (ibuprofen) help manage musculoskeletal discomfort and headaches associated with MS. According to the European Multiple Sclerosis Platform (EMSP) Pan-European Organization, in June 2021, around 42,900 people of the Spanish population have Multiple Sclerosis (MS). Furthermore, around 130,000 German people, 100,000 British people, 60,000 French people, and 68,000 Italian people have Multiple Sclerosis (MS) with an increasing prevalence of Multiple Sclerosis (MS) rates per 100,000.

Therefore, the growing prevalence of diseases such as Chlamydia, Hepatitis B, syphilis, genital herpes, Parkinson’s disease, and Multiple Sclerosis (MS), amongst others, is driving the growth of the Global Analgesics Market. Furthermore, the growing geriatric population, and growing healthcare spending from different countries around the world, will create new opportunities for the growth of the Global Analgesics Market. For instance, healthcare spending in the United States is increasing year after year. The United States is the world’s topmost country in healthcare spending.

In 2019, the United States spent USD 3.8 trillion on healthcare. Healthcare costs are increased in the United States since 2016. According to the American Medical Association (AMA), healthcare spending increased by 4.3% in 2017 while in 2018 by 4.7%. Furthermore, healthcare spending increased from 2018 to 2019 by 4.6% across the United States. However, stringent regulations, uncertainties in supply-demand, and the rest of other factors might strangle the growth of the Global Analgesics Market during the forecasted period.

Global Analgesics MarketSegmentation Analysis

The Global Analgesics Market is Segmented on the basis of Type, Route Of Administration, Distribution, And Geography.

Analgesics Market, By Type

• Non-Opioids
• Opioids

Based on Type, the market is segmented into Non-Opioids and Opioids. Non-opioids accounted for the largest market share in 2021 and are projected to grow at a significant CAGR during the forecast period. Non-opioid analgesics and adjuvant analgesics are more effective than opioid analgesics for most pain types, with the potential for reduced patient damage. Non-opioid analgesics are often used to treat acute and chronic pain that is mild to severe. They can be taken alone, but they are more effective when combined with mild and powerful opioids. Long-term use of nonsteroidal anti-inflammatory medications, unlike opioids, does not result in physical dependency.

Analgesics Market, By Route Of Administration

• Oral
• Intravenous
• Rectal
• Transdermal
• Topical

Based on Route Of Administration, the market is segmented into Oral, Intravenous, Rectal, Transdermal, and Topical. The oral segment accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the forecast period. However, the Intravenous segment is expected to grow with the highest CAGR during the forecasted period due to growing demand and advantages over other types. One of the primary clinical and practical benefits of IV administration is the quicker onset of analgesia compared to similar other dosages. Furthermore, IV administration is linked to more predictable pharmacokinetic and pharmacodynamic outcomes. The intravenous (IV) route is used. The intravenous method is the quickest way to provide analgesics; nevertheless, the prices of intravenous opioids, paracetamol, or NSAIDs are greater. As a result, the IV route of administration is becoming more popular in the healthcare business.

Analgesics Market, By Distribution

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Based on Distribution, the market is segmented into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. Retail Pharmacies accounted for the largest market share in 2021 and are projected to grow at a significant CAGR during the forecast period. However, the Online Pharmacies segment is expected to grow with the highest CAGR during the forecasted period. Medicines are typically cheaper online since providers may service a vast clientele from a single central location, avoiding the costs associated with maintaining retail (brick-and-mortar) locations. Shipping is substantially less expensive than going to a regular pharmacy. One of the most significant benefits of the E-Pharmacy application is the ability to save time. You may order your medication in minutes and receive your prescription medications immediately.

Analgesics Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on Regional Analysis, the Global Analgesics Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America accounted for the largest market share and is projected to grow at a significant CAGR during the forecast period. The North American population is inclined towards the application of OTC or over-the-counter analgesics for minor illnesses. For instance, around 93% of consumers in the United States prefer to treat minor ailments with over-the-counter medications before consulting a physician, according to the Consumer Healthcare Products Association. Also, healthcare spending in North America is increasing year after year. The United States is the world’s topmost country in healthcare spending. However, the Asia-Pacific market is expected to grow with the highest CAGR during the forecasted period.

Key Players

The “Global Analgesics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Bayer AG, Novartis AG, GlaxoSmithKline PLC, Pfizer Inc., Johnson & Johnson, Reckitt Benckiser, Endo Pharmaceuticals, Bristol Myer’s Squibb, Eli Lily, and Company, and Sanofi.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In February 2022, Novartis India signed an exclusive sales and distribution arrangement with Dr. Reddy’s in India for its established products, which include the famous pain management Voveran range, the calcium line, and methergine (women’s health).
• In December 2021, Bayer Consumer Health Division announced its clinical research study, “Analgesic efficacy of naproxen sodium versus hydrocodone/acetaminophen in acute postsurgical dental paina randomized, double-blind, placebo-controlled trial”. Aleve is an over-the-counter (OTC) pain medication used to treat mild aches and pains such as minor arthritic pain, headache, muscle aches, and toothache.
• In February 2020, the FDA authorized Voltaren Arthritic Pain (diclofenac sodium topical gel, 1% (NSAID)- arthritis pain reliever) by GlaxoSmithKline as an over-the-counter (OTC) medicine for the temporary alleviation of arthritis pain in the hand, wrist, elbow, foot, ankle, or knee in adults (18 years and older). Voltaren Arthritic Pain is the first and only prescription-strength nonsteroidal anti-inflammatory (NSAID) topical gel for arthritis pain to be approved by the FDA

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Analgesics Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Analgesics Market, gauge the attractiveness of a certain sector, and assess investment possibilities.