The new report by Expert Market Research titled, ‘Global Postoperative Pain Therapeutics Market Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of Postoperative Pain Therapeutics, assessing the market based on its segments like drug class, mode of administration, distribution channel, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 11,460 Million
- Forecast CAGR (2023-2028): 4.7%
Factors responsible for the growth of the global postoperative pain therapeutics industry include increasing surgical procedures, FDA approvals to new drugs, and high adoption of pain management drugs globally. Innovation in the medical field, better access to treatment, and need to improve patient comfortare also driving the market growth.
Postoperative Pain Therapeutics Industry Definition and Major Segments
Postoperative pain therapeutics are designed to minimise patient discomfort, facilitate early mobilisation, and prevent acute pain from developing into chronic pain. Different types of drug classes are given to the patient including opioids, NSAIDs among others through oral and injections to reduce the mental and physical pain of the patient.
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By drug class, the market is segmented into:
- Opioids
- NSAIDS
- Tricyclic Antidepressants
- Antiepileptic Drugs
- Local Anaesthetics
- Others
The market, based on the mode of administration, can be studied into:
- Oral
- Intravenous
- Intramuscular
- Others
Based on distribution channel, the market is further divided into
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
The regional markets for the Global Postoperative Pain Therapeutics Market can be separated into:
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Other
- Latin America
- Brazil
- Argentina
- Mexico
- Other
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Postoperative Pain Therapeutics Market Trends
North America is expected to account for a major market share during the forecast period. Well-developed healthcare infrastructure, high prevalence of chronic diseases, and obesity are some of the major factors for a significant number of inpatient and outpatient surgeries in the region. Asia Pacific is expected to be the fastest-growing region owing to developing medical infrastructure in the emerging economies, increasing medical tourism, and medical insurance penetration.
Key Market Players
The major players in the market include Mallinckrodt Pharmaceuticals, Pfizer, Inc., Novartis AG., Teva Pharmaceutical Industries Ltd., Eli Lilly & Company, and Bayer AG among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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