The global analgesics market offers a wide range of pain-relieving medications and products including aspirin, paracetamol, non-steroidal anti-inflammatory drugs (NSAIDs) and opioid pain relievers. Analgesics work by acting on the central nervous system or on specific pain sensors to relieve both acute pain caused by strain or injury as well as chronic pain from conditions like back pain, arthritis, cancer or surgery. Advantages of analgesics include fast relief from mild to moderate pain, availability in various forms like tablets, capsules, liquids and topical gels. The growing geriatric population suffering from arthritis and similar pain conditions has boosted the demand for effective yet safe analgesics.

The Global Analgesics Market is estimated to be valued at US$ 51.10 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the global analgesics market are F. Hoffmann-La Roche Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Sanofi, Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc., AstraZeneca, Johnson & Johnson Private Limited, Hikma Pharmaceuticals PLC, Dr. Reddy's Laboratories Ltd., Fresenius Kabi AG, Aurobindo Pharma, Bausch Health Companies Inc., Amneal Pharmaceuticals LLC., Apotex Inc., Eli Lilly and Company, Cipla Inc., Lupin.

The growing demand for pain management drugs due to rising chronic pain cases around the world is boosting the Global Analgesics Market Size. Additionally, the increasing expenditure on healthcare and availability of generic painkillers are fueling market growth.

The market is witnessing expansion in developing regions due to changing lifestyles, growth inmedical tourism and rising awareness about pain management. Several market players are focusing on strengthening their presence in Latin America, Asia Pacific and Middle East & Africa through mergers, acquisitions and new product launches.

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