# Analgesics market to grow at a CAGR of 4.9% during the forecast period

According to Next Move Strategy Consulting, the global **[Analgesics Market](https://www.nextmsc.com/report/analgesics-market)** size was valued at USD 35.03 million in 2021 and is expected to reach USD 56.86 million by 2030, at a CAGR of 4.9% during the forecast period 2022–2030.

Factors such as rising incidences of chronic diseases such as tuberculosis and a substantial rise in the number of patients suffering from infectious diseases such as gastrointestinal and respiratory diseases are driving the demand for painkillers. In addition, there has been a rapid increase in the demand for over-the-counter analgesics due to an increase in the number of arthritis patients.

However, factors such as drug abuse, growing use of biologics for the treatment of inflammatory pain, and stringent regulatory policies for the use of painkillers are expected to restrain the growth of the analgesics market during the forecast period.
On the contrary, the development of novel selective mechanisms arising from a mechanism of existing analgesic drugs is expected to create ample growth opportunities for the analgesics market in the upcoming years.

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Based on type, the analgesics market is divided into non-opioid and opioid. Based on route of administration, it is segmented into oral route, intravenous route, rectal route, transdermal route, and topical route. Region-wise, the global analgesics market is analyzed across North America, Europe, Asia-Pacific, and RoW.

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North America has been the leading consumer of analgesics due to the prevalence of osteoarthritis, cancer, and cardiovascular diseases, followed by the Europe region. The Europe region is expected to witness increasing consumption of analgesics in the coming years due to the growing prevalence of arthritis and several other bone-related conditions.

In addition, growing prevalence of fever increases the use of paracetamol, which in turn drives the growth of the analgesics market.

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The report offers an extensive analysis of competitive landscape of the global analgesics market. Some of the major market players in the manufacturing of analgesics are Abbott Laboratories, Bayer AG, Glaxosmithkline plc, Johnson and Johnson, Pfizer Inc, Novartis AG, Teva Pharmaceuticals, Sanofi SA, ABBVIE INC., and Sun Pharma.

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