The global postoperative pain therapeutics market is driven by a large number of surgical procedures performed across the globe.
The global postoperative pain therapeutics market is driven by a large number of surgical procedures performed across the globe. The global market of postoperative pain therapeutics was valued at US$ 11,459.3 Mn in 2018, and is estimated to expand at a CAGR of nearly 4.5% between the years 2019 to 2027, to reach around US$ 17,000 Mn by the year 2027. Growing incidences and severity of postoperative pain are expected to drive the global postoperative pain therapeutics market during the forecast period.
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Opening New Opportunities in the Postoperative Pain Therapeutics Market
- High incidences and severity of postoperative pain, increase in the number of surgical procedures, introduction of promising drugs in the market, and high adoption rate of pain management in developed as well as emerging markets have increased inpatient flow to hospital pharmacies and retail pharmacies.
- These factors are expected to drive the demand for postoperative pain therapeutics in the near future.
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Global Postoperative Pain Therapeutics Market: Report Segmentation
- The global postoperative pain therapeutics market has been segmented based on drug class, route of administration, distribution channel, and region.
- In terms of drug class, the global postoperative pain therapeutics market has been categorized into opioids, NSAIDS, local anesthetics, tricyclic antidepressants, antiepileptic drugs, and others. The opioids segment accounted for a leading share in the global postoperative pain therapeutics market in terms of revenue in 2018. The NSAIDS segment is likely to grow at a rapid pace in the postoperative pain therapeutics market during the forecast period. The segment is projected to gain market share in the postoperative pain therapeutics market by 2027.
- NSAIDs are drugs used to treat pain, swelling, and inflammation in different medical conditions such as arthritis, other short-term pain, and menstrual cramps. However, daily doses of NSAIDs can cause severe side-effects. Naproxen, Ibuprofen, and Diclofenac are first-line NSAIDs.
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- In terms of route of administration, the global postoperative pain therapeutics market has been classified into oral, intramuscular, intravenous, and others. The oral segment dominated the global postoperative pain therapeutics market in 2018, and the trend is anticipated to continue during the forecast period. High preference among patients has led to the prominent share of the oral segment.
- Oral administration is when medications are taken through the mouth. This is done so as to have a systemic effect and reach different parts of the body through the bloodstream.
- Intravenous route of administration is the method in which medications are injected directly into the bloodstream through a vein.
- Based on distribution channel, the global postoperative pain therapeutics market has been divided into hospital pharmacies, retail pharmacies, online pharmacies, and others.
- Hospital pharmacies can be defined as healthcare facilities found inside the hospital premises, which primarily provide medications to hospital patients. They manage the procurement, storage, packaging, preservation, compounding, sterilization, and distribution of medicines in hospitals.
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- Retail pharmacy is commonly known as community pharmacy, which is engaged in distributing pharmaceutical products to patients.
- Geographically, the global postoperative pain therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
- North America dominated the global postoperative pain therapeutics market in 2018, and is expected to sustain its market share in the postoperative pain therapeutics market by the end of 2027. The postoperative pain therapeutics market in North America is primarily driven by the rapidly increasing geriatric population.
- Asia Pacific is projected to be a fast-growing market for postoperative pain therapeutics during the forecast period. Japan dominated the postoperative pain therapeutics market in Asia Pacific in 2018.
- The postoperative pain therapeutics market in China is likely to expand at a high CAGR from 2019 to 2027.
Global Postoperative Pain Therapeutics Market: Competitive Insights
Mallinckrodt Pharmaceuticals, Pacira BioSciences, Inc., Trevena, Inc., Heron Therapeutics, Pfizer, Inc., Teva Pharmaceutical Industries Ltd., Novartis AG, Camarus, Eli Lilly & Company, and Bayer AG are the key players in the postoperative pain therapeutics market. These players have adopted the strategy of acquisition and collaboration with parallel companies to improve and strengthen their geographic presence in the global postoperative pain therapeutics market.
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