Painkillers Market was valued at $62.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028.
The global painkillers market is a large and growing market that includes a variety of prescription and over-the-counter medications used to manage pain. Painkillers are used to treat a wide range of conditions, including arthritis, cancer, migraine headaches, and musculoskeletal pain.
The market is segmented into three categories: non-opioids, opioids, and other painkillers. Non-opioids, such as aspirin and ibuprofen, are the largest segment of the market and are available over-the-counter. Opioids, such as morphine and oxycodone, are prescription medications that are used to treat moderate to severe pain. Other painkillers, such as anticonvulsants and antidepressants, are also used to manage pain.
North America is the largest market for painkillers, followed by Europe and the Asia-Pacific region. The United States is the largest consumer of painkillers globally, accounting for a significant share of the market. However, the market is expected to grow rapidly in emerging markets such as India and China, where there is a high prevalence of chronic pain conditions.
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Market Segmentations:
Global Painkillers Market: By Company
- Merck
- Pfizer
- Novartis
- GlaxoSmithKline
- Roche
- Sanofi
- Eli Lilly
- Astrazeneca
- Johnson & Johnson
- Celgene
- Novavax
- Johnson & Johnson
- Purdue Pharma
Global Painkillers Market: By Type
- Paracetamol
- Aspirin and NSAIDs
- Opioids
Global Painkillers Market: By Application
- Dental Pain
- Dysmenorrhoea (Painful Menstruation)
- Headache
- Bone Pain
- Trauma
- Arthritis
Global Painkillers Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Painkillers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
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