About Internal Analgesic Tablet
The internal analgesic tablet is the class of drugs that includes painkillers and fever reducers. They can be either prescription based or over the counter available medicines. The over the counter internal analgesics include acetaminophen, aspirin, ibuprofen, ketoprofen, and naproxen sodium are some of the widely used pain relief tablets. The increasing prevalence of body ache headache along with the need for pain relief post-surgery is driving the global internal analgesic tablets. People are consuming widely these drugs at home for pain relief as they are available online as well as medical stores easily. However, the side effects associated with the consumption of internal analgesic tablets might hinder the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advil (Pfizer Consumer Healthcare) (United States), Aleve (Bayer AG) (Germany), Johnson & Johnson Consumer Inc. (Tylenol) (United States), GlaxoSmithKline plc (Excedrin) (United Kingdom), LGM Pharma (United States), Bausch Health Companies Inc. (Valeant) (Canada), Nexgen Pharma, Inc. (United States), Teva Pharmaceutical Industries Ltd (Israel) and Jiangxi Tianxin Pharmaceutical Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Internal Analgesic Tablet market by Type (Central Painkiller, Narcotic Analgesics, Antispasmodic Painkillers and Anxiolytic Analgesics), Application (Home Use, Hospital, Clinic and Others) and Region.
On the basis of geography, the market of Internal Analgesic Tablet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Hospital Pharmacies will boost the Internal Analgesic Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Acetaminophen will boost the Internal Analgesic Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adult will boost the Internal Analgesic Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Internal Analgesic Tablet in Home and Increasing Expenditures in Prescription Drug
Market Growth Drivers:
Rising Prevalence of Cold and Flue Leading to Headache and Bodyache and Need for Pain Relief Drugs Post Surgery
Challenges:
Regulatory Standards on Internal Analgesic Tablet
Restraints:
Severe Side Effects Associated with Consumption of Internal Analgesic Tablet Due to Overdose Resulting into Loss of Lives
Opportunities:
Rapid Expansion Advancements in Internal Analgesic Tablet and Continuous Research and Development in Internal Analgesic Tablet
Market Leaders and their expansionary development strategies
In February 2020, GlaxoSmithKline announced that the U.S. Food and Drug Administration (FDA) has approved Advil Dual Action with Acetaminophen as an over-the-counter (OTC) product for pain relief.
In March 2023, Perrigo Company plc, a leading provider of Consumer Self-Care Products, has received final approval from the U.S. Food and Drug Administration ("FDA") for its Abbreviated New Drug Application for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg, the store brand over-the-counter ("OTC") equivalent of Advil® Dual Action Tablets 250 mg/125 mg.
"It is approved by the U.S. Food and Drug Administration (FDA), which has continuously reaffirmed the ingredient’s safety at recommended doses for people ages two years and older. As with any medicine, however, it has to be used according to the directions on the Drug Facts label. You should never use more or for longer than the label instructs. In addition, since different medicines may contain acetaminophen, it is vitally important to make sure you are not taking two medicines (OTC or prescription) that contain acetaminophen. Taking two acetaminophen-containing medicines at the same time or taking more than the recommended amount can lead to overdose and may cause liver damage."
Key Target Audience
Internal Analgesic Tablet Manufacturers, Internal Analgesic Tablet International Traders, Internal Analgesic Tablet Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.