The Global Analgesics Market was valued at USD 25.44 billion in 2019 and is predicted to
reach 29.58 billion by 2030 with a CAGR of 1.30% from 2020-2030. Analgesics, also known
as painkillers, are drugs used to treat and reduce severe pain in the body without causing the
loss of consciousness. These drugs include nonsteroidal anti-inflammatory drugs (NSAIDs)
such as naproxen, paracetamol, tylenol and opioid drugs such as morphine. By relieving pain,
analgesics drugs help people to perform daily works and maintain the level of activity required
for good health.
Market Segmentations and Scope of the Study:
The global analgesics market is segmented on the basis of type, route of administration and
geography. On the basis of type, the market is categorized into opioids and non-opioids. On
the basis of route of administration, the market is classified into oral, intravenous, rectal,
transdermal, and topical. Geographic breakdown and analysis of each of the aforesaid
segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.
Request for a free sample- https://www.nextmsc.com/Analgesics-Market/request-
sample
Geographical Analysis
North America holds the lion share of global analgesics market. This is attributed to factors
such as growing burden of pain management and rising adoption of opioids. In addition,
factors such as increasing prevalence of cancer, surging number of surgeries and rising R&D
activities in pharmaceutical sector are also expected to fuel the market growth in this region.
However, Asia Pacific region is expected to witness the highest growth rate during the forecast
period. The growth is most likely to be fueled by the development in healthcare sector, rising
prevalence of self-medication instead of visiting a doctor, especially in developing countries
and stressful lifestyle in urban areas. Also, factors such as surging number of chronic diseases
and rising geriatric population are boosting the market growth in this region.
Inquire before buying- h