The Analgesics Global Market Report 2023 by The Business Research Company, provides analgesics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Analgesics Global Market Report 2023, the market size is expected to grow from $111.15 billion in 2022 to $115.13 billion in 2023 at a compound annual growth rate (CAGR) of 3.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size for the global analgesics size is expected to grow to $127.80 billion in 2027 at a CAGR of 2.6%.
A significant rise in the prevalence of chronic diseases is driving the analgesics Market. Analgesic drugs, also known as painkillers, are used to treat and reduce chronic or severe pain in the body resulting from various medical conditions.
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The analgesics market is segmented:
1) By Type: Non-opioids, Opioids
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores
3) By Route of Administration: Oral, Intravenous, Rectal, Transdermal, Topical
4) By Drug Type: Prescription Analgesics, OTC Analgesics
5) By Application: Internal Analgesics, External Analgesics
Companies in the analgesics market are increasingly focusing on acquisition as a strategy for growth. Leading analgesic drug manufacturers are acquiring smaller companies to gain a competitive advantage and strengthen their market position. These acquisitions are helping companies to expand geographically and gain specialized expertise in the research and development of new products. For instance, Analgesic Solutions, LLC was acquired by WCG. WCG intends to make use of the superior R&D capability of Analgesic Solutions, LLC to grow and position itself as a market leader in the Analgesic Market.
Top Major Players
Bayer Healthcare,
Pfizer,
Sanofi,
Johnson & Johnson,
Novartis AG
The analgesics market report table of contents includes:
- Executive Summary
- Analgesics Market Characteristics
- Analgesics Market Trends And Strategies
- Analgesics Market – Macro Economic Scenario
- Analgesics Market Size And Growth
- Analgesics Market Segmentation
- Analgesics Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Analgesics Market
- Analgesics Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Analgesics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Analgesics Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Analgesics Market, Segmentation By Route of Administration, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 48: Bayer Healthcare Financial Performance
Table 49: Pfizer Financial Performance
Table 50: Sanofi Financial Performance
Table 51: Johnson & Johnson Financial Performance
Table 52: Novartis AG Financial Performance
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