Analgesics Market: dominated by North America with high utilization and sales of Healthcare Market
, 21 March 2017
-- A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Global Analgesics Market and future opportunities are provided in the report.
Analgesics, also known as painkillers, are used to treat and reduce pain in the body. Typically, they are used when the pain is severe and becomes unbearable for the patient. Non-opioids, opioids, and compound analgesics (a combination of both opioids and non-opioids) are the major analgesic products used globally. The emergence of analgesics is mainly attributed to the increase in acute and chronic diseases, as well as the rising incidence of cancer worldwide. Opioid drugs are the strongest types of analgesics, which are derived from opium.
They are chiefly used for the treatment of moderate to severe pain and are mostly available through prescription. On the other hand, non-opioid drugs are not derived from opium but include acetaminophen. They also include non-steroidal anti-inflammatory drugs (NSAIDs) and are majorly used for the treatment of mild to moderate pain. In addition, non-opioid drugs are sometimes used alongside stronger painkillers.
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Topics Covered in this report:
Scope & Regional Forecast of the Analgesics Market:
They are mostly available over-the-counter (OTC); however, some NSAIDs, such as Celebrex, Cataflam, and Motrin, are available through prescription only. The world analgesics market is expected to achieve moderate growth in the near future, majorly because of factors such as increase in cardiovascular disease, cancer, and arthritis and growing geriatric population. Recurring pain and aches experienced by the ageing population is another factor the helps the market growth. In addition, increasing investments in R&D by the public and private sector, with key emphasis on the classes of compounds for formulating new therapeutics, are further expected to drive the market. However, factors such as uncontrolled prescription of opioids, drug abuse, and unregulated government policies are likely to restrain the growth of the market.
The report segments the analgesics market on the basis of type, route of administration, and geography. On the basis of type, the market is segmented into non-opioids and opioids. According to the route of administration, it is segmented into oral, intravenous, rectal, transdermal, and topical. Based on the geography, it is categorized into North America, Europe, Asia-Pacific, and LAMEA. Companies adopt acquisition as their key development strategy in the analgesic market.
Segmentations & Key Players Involved in the Analgesics Market:
KEY BENEFITS FOR STAKEHOLDERS:
• This report includes a detailed quantitative analysis of the current market trends and estimations from 2015 to 2022, which assists in identifying the prevailing market opportunities.
• Geographically, the analgesics market is analyzed based on key regions such as North America, Europe, Asia-Pacific, and LAMEA.
• This study evaluates the competitive landscape of the analgesics market to aid the reader in understanding the competitive environment across the geographic locations.
• Furthermore, key market players within this market have been profiled in this report and their strategies are analyzed thoroughly.
• This helps in understanding the competitive outlook on the supply side of the market. Competitive intelligence highlights the business practices followed by leading market players across various geographic regions.
• Porters Five Forces analysis extensively covers the perspective of buyers and suppliers, along with the competitive rivalry among companies.
• SWOT analysis enables to study the internal environment of the leading companies for strategy formulation.
ANALGESICS MARKET KEY SEGMENTS:
By Type: Non-opioids Opioids
By Route of Administration Oral Intravenous Rectal Transdermal Topical
By Geography North America, U.S., Canada, Mexico, Europe, U.K., Germany, Spain, Sweden, France, Russia, Denmark, Rest of EU, Asia-Pacific, Japan, China, India, Australia, Indonesia, Rest of APAC, LAMEA, Brazil, Venezuela, Chile, Saudi Arabia, UAE, Morocco, Kenya, Nigeria, Rest of LAMEA.
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Some of the key players involved in the Analgesics Market are as follows:
• Bayer AG
• Novartis AG
• GlaxoSmithKline PLC
• Pfizer Inc.
• Johnson & Johnson
• Reckitt Benckiser (RB)
• Endo Pharmaceuticals
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Submitted by MIR, MarketIntelReports on Tuesday, 21 March 2017 at 3:24 AM
Category: Health Care & Medical
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