Press release
Analgesics Market to Grow from USD 49.02 Billion in 2021 to USD 70.73 Billion by 2029, Achieving a CAGR of 4.69% Over the Forecast Period 2022-2029, Says Data Bridge Market Research
What is the projected market size & growth rate of the Analgesics Market?
Market Analysis and Size
According to the National Institute of Health, 20% of adults in the United States suffer from chronic pain, with 8% having high-impact chronic pain. According to a National Center for Health Statistics research covering the last decade, one out of every four Americans has experienced pain that lasts more than a day. Pain management has become a key issue for healthcare practitioners all over the world as the incidence of arthritis and acute chronic diseases rises. The demand for analgesics and painkillers is increasing as a result of these advancements.
Data Bridge Market Research analyses that the analgesics market was valued at USD 49.02 billion in 2021 and is expected to reach USD 70.73 billion by 2029, registering a CAGR of 4.69% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Analgesics market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Analgesics Market.
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Which are the driving factors of the Analgesics market?
The driving factors of the Analgesics market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Analgesics across various industries further propel market expansion.
Analgesics Market - Competitive and Segmentation Analysis:
Global Analgesics Market, By Pain Type (Acute, Chronic), Drug Class (Nonsteroidal Anti-inflammatory Drug (NSAIDs), Opioids, Salicylates, Others), Type (Prescription drugs, Over-the-counter (OTC) drugs), Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others) - Industry Trends and Forecast to 2029
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Analgesics market?
Some of the major players operating in the analgesics market are:
F. Hoffmann-La Roche Ltd. (Switzerland)
Mylan N.V. (U.S.)
Teva Pharmaceutical Industries Ltd. (Ireland)
Sanofi (France)
Pfizer Inc. (U.S.)
GlaxoSmithKline plc (U.K.)
Novartis AG (Switzerland)
Merck & Co., Inc. (U.S.)
AstraZeneca (U.K.)
Johnson & Johnson Private Limited (U.S.)
Hikma Pharmaceuticals PLC (U.K.)
Dr. Reddy's Laboratories Ltd. (India)
Fresenius Kabi AG (Germany)
Aurobindo Pharma (India)
Bausch Health Companies Inc. (Canada)
Amneal Pharmaceuticals LLC. (U.S.)
Apotex Inc. (Canada)
Eli Lilly and Company (U.S.)
Cipla Inc. (U.S.)
Lupin (India)
Short Description About Analgesics Market:
The Global Analgesics market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. 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.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Analgesics. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Analgesics Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Analgesics in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Get a Sample Copy of the Analgesics Report 2024
What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Analgesics market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Analgesics Market Research/Analysis Report Contains Answers to your following Questions
What are the global trends in the Analgesics market?
Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Analgesics?
What are the upcoming industry applications and trends for Analgesics market?
What Are Projections of Global Analgesics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Analgesics?
What are the raw materials used for Analgesics manufacturing?
How big is the opportunity for the Analgesics market?
How will the increasing adoption of Analgesics for mining impact the growth rate of the overall market?
How much is the global Analgesics market worth? What was the value of the market In 2020?
Who are the major players operating in the Analgesics market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Analgesics Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
Detailed TOC of Global Analgesics Market Insights and Forecast to 2031
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Analgesics Market By Type
Analgesics Market By Function
Analgesics Market By Material
Analgesics Market By End User
Analgesics Market By Region
Analgesics Market: Company Landscape
SWOT Analysis
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Data Bridge Market Research:
Today's trends are a great way to predict future events!
Data Bridge Market Research is a market research and consulting company that stands out for its innovative and distinctive approach, as well as its unmatched resilience and integrated methods. We are dedicated to identifying the best market opportunities, and providing insightful information that will help your business thrive in the marketplace. Data Bridge offers tailored solutions to complex business challenges. This facilitates a smooth decision-making process. Data Bridge was founded in Pune in 2015. It is the product of deep wisdom and experience.
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