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.

The Global Analgesics Market is really taking off! We're seeing a lot of growth in the coming years, and it's thanks to a few key thingsmore and more people are getting their medications from online and regular pharmacies, IV analgesics have some real advantages, and unfortunately, a lot of folks are dealing with different diseases. That's driving demand! Plus, with the number of older people growing and countries around the world spending more on healthcare, the market is expected to keep climbing. This report provides a thorough look at everything happening in the market. It dives deep into the important segments, trends, what's helping and hindering growth, who the big players are, and all the other elements that are making a big difference.

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.

For managing pain in MS, doctors often turn to stronger medications only after other options haven't worked. Think strong opioid analgesics like morphine, oxycodone, methadone, and fentanyl, or even tramadol (either by itself or alongside something milder). But for everyday aches like muscle pain or headaches related to MS, over-the-counter Nonsteroidal anti-inflammatory medicines (NSAIDs) such as Aleve (naproxen) and Advil (ibuprofen) can often help. Now, here's a sobering thoughtthe European Multiple Sclerosis Platform (EMSP) estimates that in June 2021, about 42,900 people in Spain were living with Multiple Sclerosis (MS). That number climbs even higher in other countries – roughly 130,000 in Germany, 100,000 in Britain, 60,000 in France, and 68,000 in Italy – with the prevalence of Multiple Sclerosis (MS) seemingly on the rise per 100,000 people.

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

Okay, so when we look at the pain relief market, we can break it down by Typewe've got Non-Opioids and Opioids. Guess what? Non-opioids were the big winners in 2021, grabbing the largest piece of the pie, and they're expected to keep growing strong! The thing is, for a lot of pain, non-opioid and adjuvant analgesics actually work better than opioids, and they can be easier on patients. Think of non-opioids as your go-to for everything from mild to severe pain, both short-term and long-lasting. You can use them solo, but they're often even more effective when paired with milder or stronger opioids. Plus, unlike opioids, you don't have to worry about becoming physically dependent on nonsteroidal anti-inflammatory drugs even with long-term use.

Analgesics Market, By Route Of Administration

• Oral
• Intravenous
• Rectal
• Transdermal
• Topical

So, when we look at how medications are given – you know, the route of administration – the market breaks down into a few key areasOral, Intravenous, Rectal, Transdermal, and Topical. Back in 2021, oral medications were the most popular, and they're expected to keep growing at a good pace. But here's the interesting partthe Intravenous segment is actually predicted to grow the fastest! This is likely because there's a rising demand for IVs and they have some real advantages. Think about itone of the big pluses with IV administration is that it gives you pain relief much faster than, say, taking a pill. Plus, using the intravenous (IV) route tends to give you more consistent and predictable results with how the drug works in your body. Now, while the intravenous method gets analgesics into your system quickly, it's worth noting that intravenous opioids, paracetamol, or NSAIDs can be more expensive. Even with the higher cost, the IV route is definitely gaining traction in the healthcare world.

Analgesics Market, By Distribution

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

When it comes to where you get your meds, the market's broken down into a few main placesHospital Pharmacies, Retail Pharmacies, and Online Pharmacies. Now, those Retail Pharmacies, like your corner drugstore, were the biggest deal back in 2021, and they're expected to keep growing at a good clip. But get this – the Online Pharmacies are predicted to grow even faster! Why? Well, medicines are often cheaper online because they can serve tons of people from one place, cutting out the costs of all those brick-and-mortar stores. Plus, shipping is usually way cheaper than a trip to the pharmacy. And let's not forget, using an E-Pharmacy application is a huge time-saver. You can order your meds in minutes and get them delivered right away!

Analgesics Market, By Geography

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

Okay, so when we look at where analgesics are being used around the world, we break it down into regions like North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America is currently leading the pack and is expected to keep growing at a good clip. Turns out, lots of folks there, especially in the U.S., reach for over-the-counter pain relievers for those everyday aches and pains. The Consumer Healthcare Products Association says that about 93% of Americans would rather grab something from the drugstore than see a doctor for minor stuff. Plus, healthcare spending in North America keeps going up, with the United States spending more than anyone else globally. But, don't count out Asia Pacific! They're predicted to have the fastest growth when it comes to analgesics in the years to come.

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.