Global Pain Management Drugs Market, by Drug Class (Opioids, NSAIDs, Anticonvulsants, Antidepressants, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 76,415.7 Million in 2022 and is expected to exhibit a CAGR of 4.1% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Availability of large number of pain management drug products (generic as well as branded), absence of alternative therapies, and ongoing research and development of different therapies is expected to fuel growth of the pain management drugs market. Lupin Pharmaceuticals launched generic pain medication of Allergan’s Norco (hydrocodone/acetaminophen) in 2017 in the U.S. Daiichi Sankyo Company, Limited announced launch of Narurapid (hydromorphone hydrochloride) tablets and Narusus tablets for cancer pain treatment in 2017. Flexion Therapeutics Inc. received the U.S. Food & Drug Administration (FDA) approval for drug Zilretta osteoarthritis knee pain in 2017. Manufacturers are indulged in integrating healthcare IT, in order to help physicians with pain management. For instance, digital therapeutic company 2Morrow, Inc. launched an app for pain management in February 2018. Avella launched pain and addiction management mobile app for physicians in 2017. These applications will help physicians in management of their patients along with curbing the opioid (drugs taken in pain management) addiction problems. This is expected to increase the adoption rate of pain management drugs over the forecast period, thereby, driving growth of pain management drugs market.
Global Pain Management Drugs Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a positive impact on the global pain management drugs market, owing to increasing demand of Non-steroidal anti-inflammatory drugs due to its possible association with the COVID-19 infection. For instance, according to an article published by the National Center for Biotechnology Information, the common symptoms associated with Covid-19 are fever, mild colds, headache, and throat pain. The medication should be considered alone or in combination with non-steroidal anti-inflammatory drugs (NSAIDs) in the management of mild-to-moderate pain as part of multimodal analgesia. Paracetamol can also be used safely to alleviate symptoms of COVID-19 such as fever, headache, and acute or chronic pain. Non-selective NSAIDs (e.g., ibuprofen, naproxen, and indomethacin) are effective for mild-to-moderate pain through inhibition of cyclo-oxygenage-1 (COX-1) and cyclo-oxygenage-2 (COX-2) enzymes leading to a reduction of prostaglandins. Prostaglandins mediate pain, fever, inflammation, and swelling, and have a key role in gastric protection and hemostasis.
Global Pain Management Drugs Market: Key Developments
In June 2022, according to data published by Heron Therapeutics, Inc., ZYNRELEF (bupivacaine and meloxicam) was initially approved by the U. S. Food and Drug Administration (FDA) in May 2021 and in December 2021, the U. S. Food and Drug Administration (FDA) approved an expansion of ZYNRELEF’s indication. In September 2020, the European Commission (EC) granted a marketing authorization for ZYNRELEF for the treatment of somatic postoperative pain from small- to medium-sized surgical wounds in adults. As of January 1, 2021, ZYNRELEF was approved in 31 European countries including the countries of the European Union and European Economic Area and the U.K. ZYNRELEF is formulated in Heron’s proprietary controlled-diffusion Biochronomer polymer for consistently regulated delivery of bupivacaine and meloxicam. In March 2022, Health Canada issued a Notice of Compliance for ZYNRELEF for instillation into the surgical wound for postoperative analgesia after bunionectomy, open inguinal herniorrhaphy, and total knee arthroplasty surgical procedures.
Browse 34 Market Data Tables and 55 Figures spread through 205 Pages and in-depth TOC on “Global Pain Management Drugs Market”- Forecast to 2030, Global Pain Management Drugs Market, by Drug Class (Opioids, NSAIDs, Anticonvulsants, Antidepressants, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Moreover, ongoing research and development for novel pain management medications is expected to boost the market growth over the forecast period. For instance, in May 2022, Trevena, Inc., a biopharmaceutical company, Oliceridine injection for moderate to severe acute pain (New Drug Application -NDA approved by the U. S. Food and Drug Administration (U.S.FDA) in January 2018), and TRV734 (Phase I) for moderate to severe pain. In collaboration with the National Institutes of Health, Trevena is also exploring TRV045 as a potential treatment for epilepsy with potential application to other rare or orphan seizure disorders. Trevena, Inc. has one approved product in the U.S., OLINVYK (oliceridine) injection, indicated in adults for the management of acute pain, severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate.
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