The Global Narcotics Analgesics Market Growth Accelerated By Increasing Pain Management Demand

Pooja Khodke

The Global Narcotics Analgesics Market Growth Accelerated By Increasing Pain Management Demand

Narcotics analgesics are used for moderate to severe pain relief in various therapeutic conditions like surgery, injuries and chronic diseases. Drugs like morphine, codeine, oxycodone and fentanyl effectively binds to opioid receptors and block the transmission of pain signals to brain. They provide effective relief for both acute and chronic pain with minimal side effects.

The global Narcotics Analgesics Market is estimated to be valued at Us$ 31.64 Bn in 2023 and is expected to exhibit a CAGR Of 22% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increasing prevalence of chronic pain disorders globally is a major driver of narcotics analgesics market growth. Conditions like arthritis, cancer, lower back pain and neuropathic pain have significantly high incidence rates. As per the Institute for Health Metrics and Evaluation's Global Burden of Disease Study, low back pain is the highest contributor to global disability. Favorable government initiatives and rising healthcare spending also support analgesic drugs demand. However, abuse potential and addiction risks of narcotics require judicious monitoring and prescription practices. Overall, continuous therapeutic innovations addressing both efficacy and safety will determine future market trends.

Segment Analysis

The global Narcotics Analgesics market is dominated by the Non-steroidal anti-inflammatory drugs (NSAIDs) segment. NSAIDs account for over 50% of the total market share as they provide effective pain relief for conditions like arthritis with less side-effects as compared to opioid analgesics. They are affordable, easily accessible over the counter medicines and can be used for short term relief of mild to moderate pain.

Key Takeaways

The Global Narcotics Analgesics Market Demand Size is expected to witness high growth. The global Narcotics Analgesics Market is estimated to be valued at US$ 31.64 Bn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030.

The North American region currently dominates the market with over 35% share owing to higher rates of chronic pain and greater awareness regarding pain management. However, the Asia Pacific region is projected to grow at the fastest rate during the forecast period driven by rising geriatric population, growing incidence of osteoarthritis and cancer, increasing healthcare spending and large patient pool in China and India.

Key players operating in the Narcotics Analgesics market are HyperSleep Corporation, CryoLife Innovations, AstraNap Solutions, EternaRest Cryonics, StasisTech Enterprises, NeuroFreeze Inc., FrozeLife Biotech, CryoDream Systems, TimeCapsule Cryogenics, StarHibernation Technologies, FreezeTech Innovations, EonCryo Dynamics, IceBound Ventures, FrozenEra Solutions, CryoRevive Inc. There is intense competition among these key players to gain market share through new product launches, strategic partnerships and acquisitions.

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Pooja Khodke

Narcotics Analgesics Market Size Growth Rate by Application 2021 Analysis, Share, Manufacturers, Growth Factor and Forecast to 2027

Anjali Pawar 2023-07-13

The Narcotics Analgesics Market's size growth rate by application is analyzed for 2021, including an analysis of share, manufacturers, growth factors, and a forecast until 2027. The market analysis examines the growth rate of narcotics analgesics in different application areas. The analysis considers factors such as market share, manufacturers, and growth factors influencing the market's growth rate. By understanding the Narcotics Analgesics Market dynamics and growth factors, businesses can identify opportunities for product development and market expansion. This analysis enables stakeholders to make informed decisions, adapt to market trends, and capitalize on growth opportunities in the Narcotics Analgesics Market.

Telehealth Is Fastest Growing Segment Fueling The Growth Of The Global Narcotics Analgesics Market

ashwinicmi 2023-12-12

The market for narcotic analgesics is growing due to an increase in the prevalence of chronic diseases causing chronic pain and accident/injury cases. The global Narcotics Analgesics Market is estimated to be valued at US$ 31. Segment Analysis The global narcotics analgesics market is segmented based on drug type, distribution channel, and geography. Regional analysis North America dominated the global narcotics analgesics market in 2021 and is expected to continue its dominance over the forecast period. This is attributed to the increasing prevalence of chronic pain disorders and cancer in the region.

Narcotics Analgesics Market Growth Accelerated By Rising Usage Of Prescription Pain Relievers

Pooja Khodke 2024-02-01

The global Narcotics Analgesics Market is estimated to be valued at Us$ 36. This rising reliance on prescription pain killers is expected to drive the growth of the Narcotics Analgesics Market over the forecast period. Key TakeawaysThe Global Narcotics Analgesics Market Demand is expected to witness high growth. Regional analysis –North America dominates the narcotics analgesics market with over 40% share. Key players operating in the narcotics analgesics market are Kimberly-Clark Corporation, Essity AB, Georgia-Pacific LLC, Asia Pulp and Paper Group, Procter & Gamble Co.

Narcotic Analgesics: Properties, Uses and Side Effects

Purvaja 2024-03-21

Some common uses include:- Post-surgical pain: Narcotic analgesics are very effective in relieving severe postoperative pain following surgeries such as abdominal, orthopedic and thoracic surgeries. - Chronic pain: Conditions like back pain, arthritis pain and neuropathic pain that cause ongoing chronic pain can be managed using narcotic analgesics. Route of AdministrationThe common routes of administration of narcotic analgesics include:- Oral: Many narcotic analgesics are available as tablets, capsules and syrup formulations meant for oral administration. - Parenteral: For immediate and strong analgesic effect, narcotic analgesics can be administered by injections intravenously, intramuscularly or subcutaneously. Side Effects of Narcotic AnalgesicsWhile being very effective for pain relief, prolonged use of narcotic analgesics is associated with certain side effects including:- Respiratory depression: High doses can slow down breathing rate and may cause hypoventilation.

Global Narcotics Analgesics Market Is Estimated To Witness High Growth Owing To Increasing Prevalence of Chronic Pain

Pooja salve 2023-08-31

The market for narcotics analgesics is driven by the increasing prevalence of chronic pain worldwide, along with the rising demand for effective pain management solutions. PEST Analysis: Political: The regulatory environment plays a crucial role in the narcotics analgesics market. - North America is projected to dominate the market, owing to the high prevalence of chronic pain and the presence of key market players in the region. In conclusion, the global narcotics analgesics market is driven by the increasing prevalence of chronic pain and the need for effective pain management solutions. With the growing healthcare infrastructure and aging population, the demand for narcotics analgesics is expected to witness significant growth in the coming years.

Narcotics Analgesics: Powerful Pain Relief but High Risk of Addiction

Lucy Kart 2024-02-13

Some common narcotic analgesics include morphine, codeine, oxycodone, hydrocodone, fentanyl, hydromorphone, and methadone. All narcotic analgesics work similarly in the brain to reduce the perception of pain. They are very effective for acute, severe pain such as that following surgery, injuries, or dental procedures. For many years, they were also commonly prescribed for chronic pain conditions like back pain, arthritis, and fibromyalgia. Uses of Narcotic Analgesics As mentioned above, Narcotic Analgesics are very effective for severe acute pain relief following trauma or surgery.

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