According to FutureWise analysis the market for analgesics in 2023 is US$ 32.54 billion, and is expected to reach US$ 55.17 billion by 2031 at a CAGR of 6.80%.
Analgesics are drugs capable of relieving pain but not causing loss of consciousness. Paracetamol and nonsteroid anti-inflammatory drugs (NSAIDs) are a significant group of analgesics capable of producing analgesic and anti-inflammatory effects. Anti-inflammatory analgesics reduce inflammation, and opioid analgesics change how the brain perceives despair. Many types of analgesics are available, from pills and liquids to gels and patches you apply to your body. Some analgesics can be purchased over the counter, and others are available by prescription only. The mechanism action of these drugs is on the central nervous system. They are apt to inhibit cyclooxygenases and thereby decrease the production of prostaglandin.
Many anti-inflammatory and analgesic drugs share similar side effects. Hypersensitivity responses to aspirin-like medications are thought to arise due to an accumulation of prostaglandins after the pathways break down prostaglandins are blocked. These responses can be destructive when strong anti-inflammatory compounds are administered. Inhibition of prostaglandin synthesis can lead to other serious side effects, such as the development of peptic ulcers and reduced ability of platelets in the blood to aggregate and form clots. The latter effect, however, has given aspirin an added use as a prophylactic antithrombotic drug to reduce chances of cardiac or cerebral vascular thrombosis, the formation of a lump in a blood vessel in the heart or brain. Some aspirin-like analgesics also have specific toxic effects like liver damage occasionally after administering acetaminophen, and renal toxicity is sometimes seen with NSAIDs. Aspirin, taken in overdose, can cause deafness, ear ringing, diarrhea, nausea, and headache, which disappear when the dose is reduced or discontinued.
FutureWise Market Research has published a report that provides an insightful analgesics market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, analgesics market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.