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Analgesics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
The Business Research Company's Analgesics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON , UK, September 22, 2022 /EINPresswire.com / -- As per The Business Research Company's 'Analgesics Global Market Report 2022”, the analgesics market is expected to grow from $104.72 billion in 2021 to $110.08 billion in 2022 at a compound annual growth rate (CAGR) of 5.1%. The change in the analgesics market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The analgesics market demand is expected to reach $127.15 billion in 2026 at a CAGR of 3.7%. Significant rise in prevalence of chronic diseases is driving the analgesics market.
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Key Trends In The Analgesics Market
Companies in the analgesics market are increasingly focusing on acquisition as a strategy for growth. Leading analgesic drug manufacturers are acquiring smaller companies to gain competitive advantage and strengthen their market position. These acquisitions are helping companies to expand geographically and gain specialized expertise in research and development of new products.
Overview Of The Analgesics Market
The analgesics market consists of sales of analgesic drugs and related services. Analgesics also known as pain killers are used to treat mild or severe pain, including musculoskeletal pain, surgical, trauma pain, cancer pain or other type of pains. Examples of analgesics includes codeine, hydrocodone, oxycodone and methadone
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Analgesics Global Market Report 2022 from TBRC covers the following information:
Market Size Data
•Forecast period: Historical and Future
•By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
•By Type: Non-Opioids, Opioids
•By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores
•By Route of Administration: Oral, Intravenous, Rectal, Transdermal, Topical
•By Drug Type: Prescription Analgesics, OTC Analgesics
•By Application: Internal Analgesics, External AnalgesicsBy Geography: The global analgesics market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as Bayer Healthcare, Pfizer, Sanofi, Johnson & Johnson, Novartis AG, GlaxoSmithKline PLC, Reckitt Benckiser (RB), Endo Pharmaceuticals, Bristol-Myers Squibb and Eli Lilly and Company.
Trends, opportunities, strategies and so much more.
Analgesics Global Market Report 2022 is one of The Business Research Company's comprehensive reports that provides an analgesics global market overview. The market report analyzes analgesics global market size, analgesics global market growth drivers, analgesics global market share, analgesics global market segments, analgesics global market major players, analgesics global market growth across geographies, and analgesics global market competitors' revenues and market positioning. The analgesics market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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About The Business Research Company
The Business Research Company has published over 3000 industry reports, covering over 3000 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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