The global pain relief market size reached USD 79.68 Billion in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period, according to latest analysis by Emergen Research. Pain relief market revenue growth is primarily driven by factors such as increasing demand for long-term pain management for geriatric population, proven efficacy of pain management devices for treatment of chronic pain, and development of novel pain management devices and techniques. Pain relievers are medications used to treat headaches, tight muscles, arthritis, and other aches and pains. Certain medications work better for some forms of pain than others, hence there are numerous pain medications available, each with its own set of benefits and drawbacks. Many types of pain can be relieved with Over-The-Counter (OTC) medications, which are classified into two types, Nonsteroidal Anti-Inflammatory Medications (NSAIDs) and acetaminophen (Tylenol). OTC NSAIDs include naproxen (Aleve), aspirin, and ibuprofen (Advil, Motrin), which are available in higher doses by prescription. Opioids are the most common potent pain medications, which are quite effective, but they can have major adverse effects at times including becoming addicted to this medication.
The report presents a holistic investigation of the Pain Relief business mechanism and growth-oriented approaches undertaken by the leading companies operating in this market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological upgradation, implemented by the leading market contenders to set a firm foot in the market.
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Competitive Outlook: The leading companies operating in the Pain Relief market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Pain Relief Market and Profiled in the Report are:
Abbott, Eli Lilly and Company, Endo International plc., GSK plc, Johnson & Johnson Services, Inc., Merck & Co., Inc., Viatris Inc., Novartis AG, Pfizer Inc., and Knoa Pharma LLC
Objectives of the Report:
Industrial structure analysis of the Pain Relief market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Pain Relief market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Pain Relief market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
Study of the global Pain Relief market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
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Segments Covered in this report are:
Treatment Type Outlook (Revenue, USD Billion; 2019-2030) Opioids Non-Narcotic Analgesic NSAIDs Anesthetic Anti-convulsants Anti-depressants Other Non- Narcotic Analgesic Neuro-stimulation devices Transcutaneous Electrical Nerve Stimulation (TENs) Device Brain & Spinal Cord Stimulation Analgesic Infusion Pumps Intrathecal Infusion Pumps External Infusion Pumps Drugs Devices Topical Pain Relief Application Outlook (Revenue, USD Billion; 2019-2030) Neuropathic Pain Cancer Pain Facial Pain & Migraine Musculoskeletal Pain Other Application Regional Outlook (Revenue, USD Billion; 2019–2030) North America U.S. Canada Mexico Europe Germany France UK Italy Spain Benelux Rest of Europe Asia Pacific China India Japan South Korea Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia UAE South Africa Turkey Rest of Middle East & Africa
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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