Key Companies Covered in the U.S. Pain Management Drugs Market Research are Novartis AG, Eli Lilly & Company, Abbott Laboratories, Purdue Pharma L.P., Boehringer Ingelheim, Pfizer, Inc., Mylan NV., Merck & Co. Inc., Johnson & Johnson, and GlaxoSmithKline Plc. and other key market players.
The U.S. pain management drugs market was valued at $31,499.07 million in 2019, and is projected to reach $39,356.45 million by 2027, registering a CAGR of 3.4%.
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Pain is a distressing sensory and emotional sensation, which is caused by tissue injury or disease. Moreover, different disorders may cause discomfort, such as multiple sclerosis, osteoarthritis, stomach ulcer, chronic arthritis, fibromyalgia, diabetic neuropathy, and cancer.
The length of the pain would range from acute pain for short term to chronic pain for long term. Acute pain is a sudden onset of pain when chronic pain is caused by aged bone & joint conditions, nerve damage, or injury. Pain management involves reducing or treating pain by using a given range of medications. There are several medicines available, which provide pain relief through a variety of physiological mechanisms such as targeting nociceptors.
Rise in geriatric population is the major factor that drives growth of the U.S. pain management drugs market, as aged people are more prone to suffer from joint pain and other chronic conditions. Moreover, surge in prevalence of chronic diseases, such as cancer, diabetic neuropathy, and osteoarthritis propels the market growth. Furthermore, rise in number of surgical procedures and rise in healthcare expenditure are expected to fuel the growth of the market. However, drug exploitation, patent expiration of prescription pain medication drugs, and availability of substitutes such as pain relief devices restrain the market growth. The U.S. pain management drugs market is segmented on the basis of drug class, indication, pain type, and region.
On the basis of drug class, the market is categorized into nonsteroidal anti-inflammatory drugs (NSAIDS), anesthetics, anticonvulsants, antimigraine agents, antidepressants, opioids, and nonnarcotic analgesics. On the basis of indication, the market is divided into arthritic pain, neuropathic pain, cancer pain, chronic back pain, postoperative pain, migraine, fibromyalgia, bone fracture, muscle sprain, acute appendicitis and others. On the basis of pain type, the market is segmented into chronic and acute pain.
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KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current U.S. pain management drugs market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.
– The market forecast is studied from 2020 to 2027.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
KEY MARKET SEGMENTS
– By Drug Class
o NSAIDS
o Anesthetics
o Anticonvulsants
o Antimigraine Agents
o Antidepressants
o Opioids
o Nonnarcotic Analgesics
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– By Indication
o Arthritic Pain
o Neuropathic Pain
o Cancer Pain
o Chronic Back Pain
o Postoperative Pain
o Migraine
o Fibromyalgia
o Bone fracture
o Muscle sprain/strain
o Acute appendicitis
o Others
– By Pain type
o Chronic pain
o Acute pain
Table of Content:
- Market Definition and Overview
- Research Method and Logic
- Market Competition Analysis
- Product and Service Analysis
- Strategies for Company to Deal with the Impact of COVID-19
- Market Segment by Type, Historical Data and Market Forecasts
- Market Segment by Application, Historical Data and Market Forecasts
- Market by by Region, Historical Data and Market Forecasts
- Market Dynamic Analysis and Development Suggestions
Key Benefits for Industry Participants & Stakeholders
- The Market Research allows the investors to understand the market size, dynamics, risks, and opportunities in the industry.
- The market research report provides market sizing and forecast over major currencies – USD, EUR, JPY, GBP, and CHF.
- This Market Research Report helps to forecast the revenues and analyze the market trends based on region, product type, and end-use.
- The Market analysis of the market share of the can prove beneficial in terms of profit to the industry’s participants and stakeholders.
Key Questions Answered in the Market Report
- Which Manufacturing Technology is used for Market? What Developments Are Going on in That Technology?
- Which Trends Are Causing These Developments? Who Are the Global Key Players in This Market?
- What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Status of Market? What Was Capacity, Production Value, Cost and PROFIT of Market?
- What Is Current Market Status of market Industry? What’s Market Competition in This Industry, Both Company, and Country Wise?
- What’s Market Analysis of Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit?
- What Will Be Market Share Report, Supply and Consumption? What about Import and Export?
- What Is Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
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