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The worldwide analgesics market is projected to increase from $111.15 billion in 2022 to $115.13 billion in 2023, with a 3.6% CAGR. By 2027, it’s expected to reach $127.80 billion, growing at a 2.6% CAGR.

Analgesics, such as codeine, hydrocodone, oxycodone, and methadone, relieve various pain types, including musculoskeletal, surgical, trauma, and cancer pain.

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Analgesics Market Driver
The increasing prevalence of chronic diseases propels the analgesics market. Painkillers, or analgesic drugs, alleviate chronic and severe pain caused by diverse medical conditions.

Analgesics Market Trends
Analgesics market firms prioritize acquisitions for growth. Major manufacturers acquire smaller companies, enhancing competitiveness and market standing. These acquisitions facilitate geographical expansion and specialized R&D capabilities. WCG, for instance, acquired Analgesic Solutions, LLC to leverage its R&D expertise for market leadership.

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Major Players And Regions Of The Analgesics Market
Major players in the analgesics market are Bayer Healthcare, Pfizer, Sanofi, Johnson & Johnson, Novartis AG, GlaxoSmithKline PLC., Reckitt Benckiser (RB), Endo Pharmaceuticals, Bristol-Myers Squibb, and Eli Lilly and Company.

North America was the largest region in the analgesics market in 2022.

Analgesics Market Segmentation By The Business Research Company
The global analgesics market is segmented –
1) By Type: Non-opioids, Opioids
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores
3) By Route of Administration: Oral, Intravenous, Rectal, Transdermal, Topical
4) By Drug Type: Prescription Analgesics, OTC Analgesics
5) By Application: Internal Analgesics, External Analgesics

The Table Of Content For The Analgesics Market Include:
1. Analgesics Market Executive Summary
2. Analgesics Market Segments
3. Analgesics Market Size And Analgesics Market Growth Rate
4. Key Analgesics Market Trends
5. Major Analgesics Market Drivers
……
25. Key Mergers And Acquisitions In The Analgesics Market
26. Top Analgesics Companies
27. Analgesics Market Opportunities And Strategies
28. Analgesics Market, Conclusions And Recommendations
29. Appendix

The Analgesics Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the analgesics market.

View More Reports Related To The Market –
Antiemetics And Antinauseants Global Market Report 2023
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