Global Analgesics Market Value Breached $26.4 Billion in 2018

Asia Pacific is dominating the analgesics market attributing to several factors such as growing acute and chronic diseases, wound care management and treatment, physiologic pain, wound care pain, and self-medication.

Hyderabad, India - July 17, 2019 /MarketersMedia/ —

Incessantly growing cancer incidences, increasing geriatric population and renal diseases, and post-surgical requirements are majorly fueling the global analgesics market as per the findings of a recent IndustryARC business intelligence report. Additionally, unprecedented obesity, dental ailments, and cardiovascular diseases worldwide necessitate pain management medications, which largely require opium integrated and non-opioid analgesic drugs, thereby facilitating the overall market income. According to the market research report, the global analgesic drug market size stood at $26.4 billion for the FY 2018. Used for reducing pain caused by sprains, operative, accidental injuries and physiological disorders, there is an array of painkillers which paracetamols, non-steroidal anti-inflammatory drugs (NSAIDs), and over-the-counter (OTC) accomplishing moderate to complete pain relief.

Consumed orally, by topical medication, and through intravenous, rectal, and transdermal injection analgesic drugs have etched a benchmark position as a crucial medicine in the healthcare industries and local uses. Hence, the global analgesics market demand is evaluated to grow at a CAGR of 2.34% with a lucrative revenue income during the forecast period 2019-2025. This report covers Analgesics Market Size by Product and applications, Analgesics market share by top 5 companies and also the market share by start-ups during the forecast period. It also proffers a comprehensive analysis of the vendor’s assessment through intelligence reviewing of market dynamics, growth drivers, opportunity scopes, and competitive market players.

View Full Table Of Contents @ https://www.industryarc.com/Report/15399/analgesics-market.html

Global Analgesics Market: Leading Segments:
Asia Pacific is dominating the analgesics market attributing to several factors such as growing acute and chronic diseases, wound care management and treatment, physiologic pain, wound care pain, and self-medication. According to the Asian Development Bank, 60% of the global population resides in Asian continent consequently propelling the analgesics drug use in the APAC region. Furthermore, key development owing to colossal governmental R&D investments and innovative development of manufacturing companies contribute to increasing analgesics market size. As per the above mentioned report, APAC held a regional share of 38.80% as of 2018 and the growing demand exerted by hospitals, clinics, and home necessities for oral analgesic drugs is estimated to propel at a CAGR of 2.41% through to 2025.

Global Analgesics Market: Disruptive Trends and Growth Drivers:
New Analgesic Drug Reducing Opioid Crisis:
While the use of analgesic drugs is reaching its peak, concerns about the side-effects of opioid drugs on several body parts and other health implications act as a barrier for the key manufacturing companies. However, recent collaborate research conducted by the Zuse Institute Berlin and Universitätsmedizin Berlin have successfully developed a new opioid drug which will focus its medication specifically on the injured part or inflammatory area. The research shows the drug will significantly reduce the brain and stomach related adverse effects thereby, acting as an alternative drug to the conventional analgesics drugs.

Application as Topical Gels:
Commonly taken as oral pills and injections, analgesics furthers its reach as topical creams, gels, and sprays for arthritis joint pain and muscle sprains, these ointments are widely used across the world.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15399

Global Analgesics Market: Competitive Landscape:
The key market companies of the global analgesics market are Reckitt Benckiser (RB), Bayer AG, Johnson & Johnson, Novartis AG, Pfizer Inc., Sanofi, Endo Pharmaceuticals, Bristol-Myers Squibb, Eli Lilly and Company, GlaxoSmithKline PLC, and many others.

Related Reports:

A. Myocardial Infarction Treatment Market
https://www.industryarc.com/Report/16118/myocardial-infarction-treatment-market.html

B. Ethical Pharmaceuticals Market
https://www.industryarc.com/Report/15835/ethical-pharmaceuticals-market.html

About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/8/lifesciences-healthcare-market-research.html

Source URL: https://marketersmedia.com/global-analgesics-market-value-breached-264-billion-in-2018/88897685

Source: MarketersMedia

Release ID: 88897685

Latest News

Climate activist: Why tout development if there's no future?

Jan 26, 2020

NEW DELHI — An Indian girl who was among the 16 young activists filing a complaint at the United Nations accusing countries of inaction on climate change has taken that step before. Ridhima Pandey, now 11, filed a petition in 2017 at India's National Green Tribunal, which oversees environmental concerns, for not taking serious enough steps to combat climate change. It was dismissed, but she escalated it to the Indian Supreme Court. Pandey was among the activists including Swedish teen Greta Thunberg who criticized Germany, France, Brazil, Argentina and Turkey for failing to uphold their obligations to young people under...

Pakistan battles dengue epidemic, with 20 deaths so far

Jan 26, 2020

ISLAMABAD — Pakistani health officials were battling an outbreak of dengue fever in the South Asian nation on Tuesday, a day after health officials confirmed over 10,000 cases and 20 deaths in recent months. More patients with symptoms of dengue fever were arriving at hospitals in all major cities, including the capital Islamabad, putting a strain on the country's poor health system. Health officials hope that the anti-mosquito spraying in urban areas targeting stagnant water will help contain the disease. According to Zafar Mirza, a government adviser on health, as many as 10,013 dengue cases had so far been reported....

Over 30 Indian worshippers drown during Hindu rituals

Jan 26, 2020

NEW DELHI — More than 30 Hindu worshippers have drowned in swollen rivers and in a lake in India as thousands participated in religious ceremonies in which figures of a Hindu god are immersed in water, officials and news reports said Friday. At least 11 people drowned when their boat capsized early Friday on a lake in central India, rescuers said. Six people were able to swim ashore in the lake in Bhopal, the capital of Madhya Pradesh state, and a search was on for one missing person, said National Disaster Response Force spokesman Krishan Kumar. Kumar said 11 bodies...

India loses communication with its unmanned moon lander

Jan 26, 2020

NEW DELHI — India's space agency said it lost touch Saturday with its Vikram lunar lander as it aimed to land on the south pole of the moon and deploy a rover to search for signs of water. The space agency was analyzing data as it worked to determine what had happened. "Communications from lander to ground station was lost," said K Sivan, chairman of the Indian Space Research Organisation. "The data is being analysed." A successful landing would have made India just the fourth country to land a vessel on the lunar surface, and only the third nation to...

Protest in Nepal against plan to cut trees to widen road

Jan 26, 2020

KATHMANDU, Nepal — More than 200 people rallied in Nepal's capital Thursday to protest government plans to cut down about 2,000 trees to widen a key road that circles the city. The protesters held signs urging the government to stop the plan to remove the trees on the outer edge of Kathmandu. The 27-kilometer (17-mile) Ring Road encircles the capital and is a key road network for the increasingly congested city. "These trees were controlling pollution and giving fresh air so they cannot be cut down to make roads," said Saurav Dhakal, a protester. "Kathmandu is suffering from massive air...

Search
Broaden News

Sign up now!

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales[at]recentdiscovery.com