Analgesics, or painkillers, are used to reduce and treat aches and pains. Internal and external analgesics are used to combat pain resulting from inflammation, cancer treatments, physiological injury, neuropathic conditions, surgeries, wounds, and phantom aches.

1. Analgesics Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016
- 2024
Transparency Market Research Reports incorporated a definite business overview and
investigation inclines on "Analgesics Market". This report likewise incorporates more
illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
Analgesics, or painkillers, are used to reduce and treat aches and pains. Internal and external
analgesics are used to combat pain resulting from inflammation, cancer treatments, physiological
injury, neuropathic conditions, surgeries, wounds, and phantom aches. The most prominent
therapeutic classes of analgesics are local anesthesia, nonsteroidal anti-inflammatory drugs
(NSAIDs), and opioids. The growing incidence of cancer worldwide and the rise in chronic
diseases are mainly responsible for the consistent growth of the global analgesics market.
The research publication offers clients a comprehensive summary of the global analgesics market
and elucidates the various factors driving and hampering its growth during the forecast period.
The report also evaluates the chief players competing in the global market for analgesics and
profiles them on the basis of a number of key attributes, such as company and business overview,
recent developments, product portfolio, business strategies, and financial strength.
The increasing therapeutic benefits offered by analgesics, in addition to effective and fast relief
from pain, have significantly driven the demand for analgesics over the years. The development
of innovative drugs and rising awareness about these treatment options have also supported the
analgesics market.
Moreover, the rise in recurring aches and pains owing to an increase in the prevalence of cancer,
cardiovascular disease, arthritis, and other chronic and acute diseases has propelled the demand
for analgesics. Other key factors positively impacting the global analgesics market include the
growing prevalence of pain worldwide, the rise in effective treatment options, a surge in the
aging population, and the growing acceptance of analgesics by a wider target audience.
Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Bayer AG, F. Hoffmann-La Roche
Ltd., Pfizer Inc., Endo Pharmaceuticals, Reckitt Benckiser plc, Bristol-Myers Squibb, Sanofi,
Johnson & Johnson, Novartis AG, and GlaxoSmithKline PLC are some of the major companies
actively participating in the global analgesics market. In the quest of increasing their share in the
analgesics market, an increasing number of firms have been adopting acquisitions as their main
development strategy.

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The global analgesics market has been categorized into Europe, North America, Asia Pacific, and
Rest of the World based on geography. North America is presently the leading market for
analgesics and is projected to retain its dominant position through 2024. Recent regulatory
changes in the U.S., accompanied by new marketing strategies by analgesics companies, have
greatly benefited this regional market. After declining sales owing to frequent recalls, the
analgesics market in the U.S., in particular, has been stabilizing on account of the return of
prominent brands, the rising occurrence of aches and pains, the rise in the average age of the
population, and an alarming rate of obesity. These demographic and lifestyle developments have
significantly propelled the North America analgesics market.
The Europe analgesics market is also anticipated to expand in the coming years owing to the
rapid commercialization of new drugs and an increasing geriatric population. Although
analgesics form one of the largest product areas in over-the-counter drugs, this segment has been
negatively affected by the growing trend of improving health instead of merely treating
symptoms. An increasing number of consumers in the U.K., for instance, have restricted their
consumption of analgesics with this trend in mind, thereby negatively impacting the sales of
analgesics.
In contrast, consumers in several Asia Pacific countries seem relatively less concerned over the
possible side-effects of analgesics. A higher willingness to self-medicate instead of visiting a
trained physician for mild pain and fever is a trend that is common in a number of countries,
more prominently in India. Moreover, the immensely stressful lifestyles in most urban parts of
the region have resulted in consumers looking for quick and easy solutions to combat pain. This,
combined with the surge in purchasing power, has enabled the demand for as well as sales of
analgesics to remain steady over the years.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative
insights, historical data, and verifiable projections about market size. The projections featured in
the report have been derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and information for every facet of the
market, including but not limited to: Regional markets, technology, types, and applications.
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