Analgesics, sometimes known as painkillers, are medications used to treat and relieve pain in the body. They're frequently used when the agony is unbearable and the patient can't take it any longer. The most often used topical analgesics globally are non-opioids, opioids, and compound analgesics (a combination of opioids and non-opioids). The rise in acute and chronic illnesses, as well as the global increase in cancer prevalence, are substantially to blame for the development of pain treatment, pain management, and medications. The segment study in the Analgesics Market research is completed by type, route of administration, and region.
Analgesics Market Report Scope:
The Analgesics market has been analysed at regional and country levels. The segment-wise and region-wise analysis of the Analgesics market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.
A bottom-up approach has been used to estimate the Analgesics market size. Key Players in the Analgesics market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Analgesics industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Analgesics key players in the industry.
Analgesics Market Report Overview:
The new market intelligence report published by research firm, Stellar Market Research, indicates the lucrative growth for Analgesics Market suppliers in the forecast period through 2029. The Analgesics Market report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the market.
Analgesics Market size was valued at US$ 26.40 Billion in 2020 and the Analgesics revenue is expected to grow at 1.4 % through 2021 to 2027, reaching nearly US$ 28.70 Billion.
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Analgesics Market Regional Analysis:
Government initiatives in the sector and regulations drive the Analgesics Market growth in the region. The Analgesics market report includes a geographic condition of the market, market size and share as well as in-depth research into the business network structure, opportunities, and news updates. The report includes all the regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Analgesics Market Segmentation:
According to Type, The market for nonsteroidal anti-inflammatory drugs (NSAIDs) is predicted to grow rapidly between 2021 and 2027, with a CAGR of 4.1 percent. A significant factor driving the segment's growth is an increasing emphasis on combating opioid prescription diversion.
By Administration Route, A closer look at the income generated by each sector reveals that oral injection is the fastest-growing market, with a CAGR of 2.41 percent through 2027. Because various over-the-counter (OTC) analgesics that do not require a prescription have been approved, the oral type is gaining commercial traction with higher sales. Oral analgesics are readily accessible at pharmacies worldwide in a variety of forms, including capsules and pills.
Analgesics Market Key Players:
Pfizer Inc. (USA)
Sun Pharmaceutical Industries, Inc. (Mumbai)
Sanofi SA (France)
AbbVie Inc. (Allergan plc) (USA)
Teva Pharmaceuticals (Jerusalem)
Janssen Pharmaceuticals, Inc. [Johnson & Johnson] (Belgium)
Endo Pharmaceuticals Inc. (Ireland)
Purdue Pharmaceuticals L.P. (USA)
Assertio Therapeutics, Inc. (USA)
Mallinckrodt Pharmaceuticals (USA)
Bayer AG (Germany)
GlaxoSmithKline plc. (UK)
Bausch Health Companies Inc. (Canada)
Novartis AG (Switzerland)
Key Questions answered in the Analgesics Market Report are:
Key offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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