Pain Relief Medication Market Research Report InIndicationation By Drug Class (Nonsteroidal Anti-Inflammatory Drugs, Opioids and Others), By Indication (Cancer Pain, Neuropathic Pain, Musculoskeletal Pain and Others), By Distribution Channel (Hospital and Retail Pharmacies and Online Pharmacies), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Global Pain Relief Medication Market Overview

The  Pain Relief Medication Market Size was valued at USD 93.6 billion in 2022. The Pain Relief, Medication market industry is projected to grow from USD 100.3 Billion in 2023 to USD 163.4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.22% during the forecast period (2023 - 2030). With rising hospitalizations and increasing production of pain relievers, companies are investing heavily in R&D activities to develop more effective, safer, and cost-effective pain relievers. These are just a few of the market drivers that are driving the market.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Pain Relief Medication Market Trends

• The prevalence of diseases like cancer and other chronic diseases propels the market growth

Pain is a disturbing feeling due to tissue damage or disease. In addition, different types of diseases can cause discomfort, such as gastric ulcers, sclerosis, osteoarthritis, chronic arthritis, diabetic neuropathy, and cancer. The intensity of the pain varies from short-term acute to long-term chronic pain. Acute pain doesn't last long; it can last for months, weeks, or days. Joint conditions, aging bones, injuries and nerve damage cause chronic pain.

Various drugs are used to manage pain caused by tissue damage, nerve damage, or inflammation caused by pathogens. Most drugs work by binding protein targets to cells and affecting biochemical processes in the body. Pain relievers are very helpful for people with severe or minor pain. The availability of these drugs is readily available by prescription. Regulatory agencies examine the drug's active ingredient and then pass it on to use. Most painkillers are passed on to customers who use them, and the dosage is printed on the packaging. The rising population in different regions is a key factor for the growth of the pain relievers market. Pain is a major concern; injuries occur in various ways due to accidents, sports injuries, spinal dislocations, etc. Thus, this factor is driving the market CAGR.

Older adults are more prone to pain and other chronic conditions. The prevalence of diseases such as cancer, diabetic neuropathy, osteoarthritis, and other chronic diseases is also driving the growth of the painkillers market size. Rising procedural and healthcare spending owing to medical science and technology advancements is expected to drive the pain relief drugs market over the next few years. The market is expected to witness tremendous growth due to the high usage of pain relievers. Thus, this aspect will accelerate the Pain Relief Medication market revenue ly.

Pain Relief Medication Market Segment Insights

Pain Relief Medication Drug Class Insights

Based on Drug Class, the  Pain Relief Medication market segmentation includes nonsteroidal anti-inflammatory drugs, opioids and others. The opioids segment held the majority share in 2022 in the  Pain Relief Medication market data. Due to the high efficiency of opioids in relieving pain in major chronic conditions. The anesthetics segment is anticipated to possess the highest growth rate during the forecast period.

Pain Relief Medication Indication Insights

The  Pain Relief Medication market segmentation, based on Indication, includes cancer pain, neuropathic pain, musculoskeletal pain and others. Neuropathic pain dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period 2022-2030. The increase in the presence of a large patient population is the major factor in increasing the demand for pharmaceuticals in this segment. Cancer and chronic back pain are expected to grow at the highest rate throughout the forecast period owing to the increasing volume of surgical procedures and the rising prevalence of chronic diseases leading to back pain worldwide.

Figure 1  Pain Relief Medication Market, by Indication, 2022 & 2030 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Pain Relief Medication Distribution Channel Insights

Based on the distribution channel, the  Pain Relief Medication market data includes hospital and retail pharmacies and online pharmacies. Hospitals and Retail Pharmacies – This is expected to be the largest segment owing to the increasing number of hospitals. Online Pharmacies – This is the fastest-growing segment due to the adoption of online shopping methods.

Pain Relief Medication Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Pain Relief Medication market accounted for USD 42.8 billion in 2022, with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. Factors such as the increasing need for long-term pain management among the elderly and developments in the field of pain management are expected to drive market growth in North America.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2  PAIN RELIEF MEDICATION MARKET SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Pain Relief Medication market accounts for the second-largest market share. The rising geriatric population and increasing demand for pain management are expected to influence over-the-counter pain medication shipments in the European region majorly. Moreover, the U.K. Pain Relief Medication market held the largest market share, and the Germany Pain Relief Medication market was the fastest-growing market in the region.

Asia Pacific Pain Relief Medication Market is expected to grow at the fastest CAGR from 2022 to 2030. There are 4,285,003 new cancer patients in China every year. The market will grow more during the forecast period owing to the rapid population growth in the region. Further, the China Pain Relief Medication market held the largest market share, and the India Pain Relief Medication market was the fastest-growing market in the region.

Pain Relief Medication Key Market Players & Competitive Insights

Major market players are spending a lot on R&D to increase their product lines, which will help the Pain Relief Medication market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Pain Relief Medication industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies manufacturers adopt in the  Pain Relief Medication industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the Pain Relief Medication industry has provided medicine with some of the most significant benefits. The Pain Relief Medication market major players such as Nestle, JM Smucker Company, The Kraft Heinz Company and Starbucks Pain Relief Medication Company.

Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France. Sanofi develops, manufactures and markets pharmaceutical products, primarily in the prescription drug market, but the company also develops over-the-counter medicines. The company covers seven therapeutic areas cardiovascular, central nervous system, diabetes, internal medicine, oncology, thrombosis and vaccines. In July 2022, Sanofi entered a deal to hand over 17 products to central nervous system (CNS) specialist Neuraxpharm for an undisclosed sum.

Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. In January 2021, Eli Lilly and Co will pay $20 million from Japan's Asahi Kasei Pharmaceuticals for the rights to an experimental drug for early testing in chronic pain, the Indianapolis-based drugmaker announced Thursday.

Key Companies in the Pain Relief Medication market include

• Nestle


• JM Smucker Company


• The Kraft Heinz Company


• Starbucks Pain Relief Medication Company

Pain Relief Medication Industry Developments

October 2022 Parker Laboratories Inc., which develops, manufactures and markets pain relief ointments, ultrasonic and electro-medical contact media, and institutional cleaners and disinfectants, is expanding its pain relief products. The company has added Helix CBD Therapy Cream, Clinical Cream and Tri-Active Therapy Cream to its HelixTM range.

September 2022 St. Louis-based private equity firm Compass Group Equity Partners announces a strategic partnership with Mays & Schnapp Neurospine and Pain (“Mays & Schnapp”), a Memphis-based interventional pain management practice for Patients in Tennessee and Mississippi are served.

Pain Relief Medication Market Segmentation

Pain Relief Medication Drug Class Outlook (USD Billion, 2018-2030)

• Nonsteroidal Anti-Inflammatory Drugs


• Opioids


• Others

Pain Relief Medication End-User Outlook (USD Billion, 2018-2030)

• Cancer Pain


• Neuropathic Pain


• Musculoskeletal Pain


• Others

Pain Relief Medication Distribution Channel Outlook (USD Billion, 2018-2030)

• Hospital and Retail Pharmacies


• Online Pharmacies

Pain Relief Medication Regional Outlook (USD Billion, 2018-2030)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America