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2022

Analgesics Market

Analgesics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Route of Administration : Global Opportunity Analysis and Industry Forecast, 2020-2030

LS : Pharmaceuticals

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Author's: Linu Dash| Shubham Sharma | Roshan Deshmukh
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Analgesics Market Research, 2030

The global analgesics market was valued at $26.7 billion in 2020, and is projected to reach $50.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030. Analgesics, also known as painkillers, are used to treat and reduce pain in the body. They are used when the pain is severe and becomes unbearable for the patient. Non-opioids, opioids, and compound analgesics (a combination of both, opioids and non-opioids) are the major topical analgesic products used globally. Opioid drugs, which are derived from opium, are the most powerful painkillers. They're mostly used to treat moderate to severe pain, and are only available with a prescription. Non-opioid medications, on the other hand, do not include opium and instead contain acetaminophen. Non-steroidal anti-inflammatory medications (NSAIDs) are another type of drugs that is commonly used to treat mild to severe pain.

The growth of the global analgesics market size is majorly driven by increase in incidences of chronic diseases, such as tuberculosis (TB), cancer, cardiovascular diseases, and arthritis. In addition, there is a substantial rise in the number of patients due to infectious diseases such as gastrointestinal, respiratory, and neurology. Increase in these diseases in turn increases the demand for painkillers, which is expected to further drive the analgesics market share. In addition, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for advancement of analgesic products surge the growth of analgesics industry. According to the World Health Organization, in 2020, it was reported that approximately more than 1.5 million of deaths occurred due to AIDS and malaria. Every year, 10 million people fall ill with tuberculosis (TB). Despite being a preventable and curable disease, 1.5 million people die from TB each year, making it the world’s top infectious killer. Also, cardiovascular diseases and cancer too generate demand for analgesics, which mainly includes opioid drugs.

Analgesics Market, OTC Analgesics Market, Analgesics Market Size, Analgesics Market Share, Analgesics Market Analysis, Analgesics Market Growth, Analgesics Market Opportunity, Analgesics Market Trends, Analgesics Market Forecast

 

In addition, increase in number of clinical studies for evaluating safety and efficiency of a wide range of therapeutic drugs propel the analgesics market growth. Moreover, rise in old age population coupled with cardiovascular diseases, cancer, and arthritis is the major factor that fuels the analgesics market trends. Ageing population also faces frequent issues of pain and aches, which favors in the growth of the market. Furthermore, technological development in the pharmaceutical industry to manufacture advanced analgesic drugs is expected to provide remunerative opportunities for expansion of the global analgesic market during the analgesics market forecast period. Moreover, presence of key manufacturing companies to manufacture and distribute analgesic drugs, increase in demand for over the counter drug and rise in expenditure on healthcare products propel the growth of the OTC analgesics market.

Initiatives taken by government and private organizations to develop the pharmaceutical industry and analgesics industry propel the growth of the market. Opioids are generally available globally through prescriptions. However, people tend to avail fake prescriptions and get these drugs easily, which is a global concern and the factor that restrains the growth of the market.

 Analgesics Market Segmentation

The analgesics market is segmented on the basis of type, route of administration, and region. By type, the market is categorized into opioids and non-opioids.

Depending on route of administration, it is categorized into oral, intravenous, rectal, transdermal, topical.

Analgesics Market by Type

Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, Spain, Sweden, France, Russia, Denmark, and rest of Europe), Asia-Pacific (Japan, China, India, Indonesia, and rest of Asia-Pacific), and LAMEA (Saudi Arabia, Brazil, UAE, Chile, Morocco, Kenya, Nigeria, and rest of LAMEA).

Segment Review

By type, the non-opioids drugs segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, due to high use of non-opioid analgesics for pain relief along with lower adverse effects and initiatives taken by government and private organization about the use of non-opioids drugs as a painkiller. However, the opioids drugs segment is expected to witness considerable growth during the forecast period, as opioids have analgesic, anti-inflammatory, and antipyretic actions, Also, increase in incidences of chronic diseases such as tuberculosis (TB), cardiovascular diseases, arthritis, and cancer is expected to drive the growth of the opioid segment during the forecast period.

Analgesics Market by Route of Administration

On the basis of route of administration, the oral administration segment dominated the market in 2020, and this trend is expected to continue during the anagesics market forecast period, due to simple administration of analgesics by oral route, non-invasive in nature, and is effective as compared to other routes of administration. In addition, rise in number of the U.S. FDA approvals for drug, and advancements in R&D activities in pharmaceutical sectors, drive the growth of oral administration segment. However, the topical administration segment is expected to witness considerable growth during the forecast period, owing to advancement in technology in the healthcare sector and rise in number of analgesics drugs. The topical analgesics are rubbed or sprayed on the skin over painful muscles or joints.

North America garnered a major share in the analgesics market in 2020, and is expected to continue to dominate during the forecast period, owing to increase in demand for non-opioids drugs, presence of key players, and development in R&D activities in the healthcare sector in the region. However, Asia-Pacific is expected to register highest CAGR of 7.3% from 2021 to 2030, owing to increase in use of pain killers, rise in awareness about the use of analgesics drugs, growth in healthcare expenditures, increase in OTC analgesics market growth and rise in adoption of analgesics  product.

Key players in this market include, Bayer AG, Novartis AG, Glaxosmithkline PLC, Pfizer Inc., Johnson & Johnson, Reckitt Benckiser, Endo Pharmaceuticals, Bristol Myer’s Squibb, Eli Lily and Company, and Sanofi.

Analgesics Market by Region

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the analgesics market analysis from 2020 to 2030 to identify the prevailing analgesics market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the analgesics market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global analgesics market trends, key players, market segments, application areas, and market growth strategies.

Analgesics Market Report Highlights

Aspects Details
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By Type
  • Non opioids
  • Opioids
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By Route of Administration
  • Rectal
  • Transdermal
  • Topical
  • Oral
  • Intravenous
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (United Kingdom, Germany, Spain, Sweden, France, Russia, Denmark, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Saudi Arabia, UAE, Morocco, Kenya, Nigeria, Brazil, Venezuela, Chile, Rest of LAMEA)
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Key Market Players

Reckitt Benckiser Group, Pfizer, Inc., Bayer AG, Glaxosmithkline plc, Abbott Laboratories, AbbVie Inc., johnson and johnson md&d, endo pharmaceuticals, Eli Lilly and Company, Sanofi

Analyst Review

The use of analgesics is expected to witness a significant rise with increase in diagnosis of diseases. The analgesics market has piqued the interest of the healthcare industry owing to its high usage across various disease indications, such as oncology, sexually transmitted diseases (STDs), chronic diseases, genetic testing, and infectious diseases.

The personalized medication approach, cost-effective treatment, and technological advancements are a few major factors that drive the global analgesics market. In any case, need for reimbursement rules and rigid administrative approaches for the controlled use of opioids hamper the market growth. Oral administration of analgesics is the foremost favoured option for pain relief followed by topical and intravenous routes. Increase in the number of chronic and infectious diseases and the rise in geriatric population boost the demand for analgesics. Subsequently, use of non-opioids and opioid drugs is expected to fuel the market growth in the near future. The use of analgesics is most elevated within the North America region, owing to higher government expenditure on healthcare, followed by Asia-Pacific and Europe. Furthermore, regulated guidelines for opioid use in Asia-Pacific and LAMEA are also expected to boost the growth of analgesics market in these regions.

Author Name(s) : Linu Dash| Shubham Sharma | Roshan Deshmukh
Frequently Asked Questions?

The total market value of analgesics market is $26,654.4 million in 2020.

The forecast period in the report is from 2021 to 2030

The market value of analgesics Market in 2021 was $28,520.3 million

The base year for the report is 2020.

Yes, analgesics companies are profiled in the report

The top companies that hold the market share in analgesics 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.

The key trends in the analgesics market are increase in incidences of chronic diseases, increase in R&D activities in pharmaceutical industry, and rise in geriatric population

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Analgesics Market

Global Opportunity Analysis and Industry Forecast, 2020-2030