North America Analgesics Market to Reach US$ 31.9 Billion by 2032, Propelled by Growing Incidences of Chronic Diseases

November 07, 2022 | Healthcare

According to the latest report by IMARC Group, titled “North America Analgesics Market Report by Type (Prescription Analgesics, OTC Analgesics), Drug Class (Opioids, NSAID, and Others), Route of Administration (Oral, Parenteral, Topical, Transdermal, Rectal), Pain Type (Musculoskeletal Pain, Surgical and Trauma Pain, Cancer Pain, Neuropathic Pain, Migraine, Obstetrical Pain, Fibromyalgia, Pain due to Burns, Dental/Facial Pain, Pediatric Pain, and Others), Application (Internal Analgesics, External Analgesics), and Country 2024-2032”, the North America analgesics market size reached US$ 24.2 Billion in 2023. Analgesics, also known as painkillers, refer to any drugs that are used to achieve analgesia or pain relief. The peripheral nervous system and the central nervous system are affected differently by analgesic drugs. Their primary action is either to reduce inflammation (swelling) or to change the way the brain perceives pain. When taken for pain relief, analgesics can alleviate chronic diseases, injuries, or inflammation. Due to this, they are typically used to induce cooperation during medical procedures. Depending on their intensity, they are able to treat moderate to severe pain.

North America Analgesics Market Trends:

The market in North America is majorly driven by the growing incidences of chronic diseases leading to a growing number of people suffering from severe chronic pain. This can be attributed to the expanding geriatric population that isa susceptible to developing numerous health issues. In addition to this, increasing clinical studies for assessing the safety and efficacy of a wide range of therapeutic drugs contribute to the growth of the analgesics market. The augmenting number of surgeries, along with the increasing penetration of effective pain management medications, is also providing an impetus to the market. Furthermore, the rising funding from private and government organizations is positively impacting the pharmaceutical manufacturing industry. Some of the other factors contributing to the market include expanding medical expenditure, continual technological advancements in manufacturing advanced analgesic drugs, a considerable increase in demand for over the counter (OTC) drugs and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 31.9 Billion by 2032, exhibiting a CAGR of 3% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into prescription and OTC analgesics
  • On the basis of the drug class, the market has been divided into opioids, NSAID, and others.
  • Based on the route of administration, the market has been categorized into oral, parenteral, topical, transdermal, and rectal.
  • On the basis of the pain type, the market has been classified into musculoskeletal pain, surgical and trauma pain, cancer pain, neuropathic pain, migraine, obstetrical pain, fibromyalgia, pain due to burns, dental/facial pain, pediatric pain, and others.
  • Based on the application, the market has been segmented into internal and external analgesics.
  • On the geographical front, the market has been segregated into the United States, Canada, and Mexico.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Drug Class, Route of Administration, Pain Type, Application, Country
Countries Covered United States, Canada, Mexico
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
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Post-Sale Analyst Support 10-12 Weeks
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North America Analgesics Market to Reach US$ 31.9 Billion by 2032, Propelled by Growing Incidences of Chronic Diseases
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