The Pain Management Drugs Global Market Report 2023, provides comprehensive information on the pain management drugs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global pain management drugs market size is expected to grow from $72.60 billion in 2022 to $76.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pain management drugs market size is expected to reach $92.15 billion in 2027 at a CAGR of 4.7%.
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Technological advancement is the key trend gaining popularity in the pain management drugs market. Major companies operating in the pain management drugs market are focusing on developing new technologies. For instance, in November 2021, AppliedVR, Inc., a US-based company that offers virtual reality therapeutics, launched EaseVRx, a prescription-only immersive virtual reality (VR) system that helps patients with chronic lower back pain, who are 18 years of age and older, reduce their pain by utilizing cognitive behavioural therapy and other behavioural techniques. The unique feature of EaseVRx is its use of CBT and other behavioural treatment techniques to reduce pain and pain interference. The EaseVRx treatment program consists of 56 VR sessions that range in length from 2 to 16 minutes and are designed to be used daily for eight weeks of treatment. A skills-based treatment program is used in the device’s VR software, which applies well-established behavioural therapy principles to alleviate the physiological symptoms of pain.
The pain management drugs market is segmented:
1) By Drug Class: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Anesthetics, Anticonvulsants, Anti-migraine Agents, Antidepressants, Opioids, Nonnarcotic Analgesics
2) By Indication: Arthritic Pain, Neuropathic Pain, Cancer Pain, Chronic Back Pain, Postoperative Pain, Migraine, Fibromyalgia, Muscle sprain/strain, Bone fracture, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
North America was the largest region in the pain management drugs market in 2022.
The table of contents in TBRC’s pain management drugs market report includes:
- Executive Summary
- Pain Management Drugs Market Characteristics
- Pain Management Drugs Market Trends And Strategies
- Pain Management Drugs Market – Macro Economic Scenario
- Pain Management Drugs Market Size And Growth
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- Africa Pain Management Drugs Market
- Pain Management Drugs Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Pain Management Drugs Market
- Pain Management Drugs Market Future Outlook and Potential Analysis
- Appendix
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