Pain Management Drugs Market Projected to Grow at a CAGR of 3.8% by 2027, Report
Pain is a complex medical condition, which not only affects physical but also mental well-being of an individual. It is caused due to trauma or tissue damage, and its intensity varies from person to person. Pain control medications help to alleviate pain through various pathways in patient’s body.
Pain management drugs market was valued at $71,431.85 million in 2019, and is projected to reach $91,649.16 million by 2027, registering a CAGR of 3.8% from 2020 to 2027.
Some of the key players involved in the Market are:
ABBOTT LABORATORIES, ELI LILY AND COMPANY, ENDO HEALTH SOLUTIONS, INC. (ENDO INTERNATIONAL PLC.), GLAXOSMITHKLINE PLC (GSK), JOHNSON & JOHNSON, MERCK & CO., INC., MYLAN N.V., NOVARTIS INTERNATIONAL AG, PFIZER INC., PURDUE PHARMA L.P.
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The pain management drugs market can be segmented based on various factors. Here are some common segments:
- Drug Class:
- Nonsteroidal Anti-inflammatory Drugs (NSAIDs): Examples include ibuprofen, naproxen, and aspirin.
- Opioids: Such as morphine, oxycodone, and codeine.
- Anticonvulsants: Medications like gabapentin and pregabalin.
- Antidepressants: Including drugs like amitriptyline and duloxetine.
- Local Anesthetics: Such as lidocaine and bupivacaine.
- Others: Muscle relaxants, topical analgesics, etc.
- Pain Type:
- Neuropathic Pain: Medications that target nerve-related pain, such as anticonvulsants and certain antidepressants.
- Musculoskeletal Pain: Drugs that alleviate pain related to muscles, bones, and joints, including NSAIDs and muscle relaxants.
- Surgical and Trauma Pain: Medications used for acute pain management after surgery or injuries, including opioids and non-opioid analgesics.
- Cancer Pain: Drugs specifically used for managing pain associated with cancer, such as opioids and adjuvant medications.
- Others: Headache and migraine pain, dental pain, menstrual pain, etc.
- Route of Administration:
- Oral: Medications taken by mouth, such as tablets, capsules, and syrups.
- Injectable: Drugs administered via injections, including intravenous, intramuscular, and subcutaneous routes.
- Topical: Creams, gels, patches, and sprays applied directly to the skin.
- Transdermal: Medications delivered through a patch that releases drugs into the bloodstream through the skin.
- Others: Suppositories, inhalation, nasal sprays, etc.
- Distribution Channel:
- Hospital Pharmacies: Pain management drugs supplied to hospitals and healthcare facilities.
- Retail Pharmacies: Medications available for purchase by consumers in retail settings.
- Online Pharmacies: Drugs sold through online platforms and delivered to customers.
- Others: Specialty clinics, pain management centers, etc.
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Our Market Research Solution Provides You Answer Below Mentioned Question:
• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2023?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?
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