Dublin, May 17, 2024 (GLOBE NEWSWIRE) -- The "Pain Relief Medication Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global pain relief medication market is expected to reach an estimated $137.2 billion by 2030 with a CAGR of 6.8% from 2024 to 2030.
The major drivers for this market are increasing prevalence of chronic pain and growing awareness of the benefits of pain management, rising drug development technology using AI and other advanced technologies, along with the increasing healthcare spending of people around the world. The future of the market looks promising with opportunities in the cancer pain, neuropathic pain, and musculoskeletal pain markets.
The study includes a forecast for the global pain relief medication by drug class, distribution channel, end use, and region.
Pain Relief Medication Market by Drug Class [Shipment Analysis by Value from 2018 to 2030]:
- Nonsteroidal Anti-Inflammatory Drugs
- Opioids
- Others
Pain Relief Medication Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
- Hospital & Retail Pharmacies
- Online Pharmacies
Hospital & retail pharmacies will remain the larger segment over the forecast period due to the growing number of hospitals.
Pain Relief Medication Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Cancer Pain
- Neuropathic Pain
- Musculoskeletal Pain
- Others
Pain Relief Medication Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
North America will remain the largest region over the forecast period due to rising demand for long-tern pain management among elderly people and advancement in the field of pain management in the area.
List of Pain Relief Medication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pain relief medication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pain relief medication companies profiled in this report include:
- Nestle
- JM Smucker
- The Kraft Heinz
- Starbucks Pain Relief Medication
Features of the Global Pain Relief Medication Market
- Market Size Estimates: Pain relief medication market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Pain relief medication market size by drug class, distribution channel, end use, and region in terms of value ($B).
- Regional Analysis: Pain relief medication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different drug class, distribution channel, end use, and regions for the pain relief medication market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pain relief medication market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/a79ivu
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