Narcotic Analgesics Market Scope
Narcotic Analgesics is a pain reliever, which is made from codeine or synthetic codeine or aspirin to offer more effective pain relief. The major brand names are Percocet, oxycodone, OxyContin, Tylenol with codeine, Tylox, and Lortab. These medicines are used for a short duration of time for relief from acute pain. These drugs are utilized for various types of arthritis. These drugs are having some side effects by causing the user to become drowsy, dizzy, or lightheaded.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sanofi S.A. (France), Novartis AG (Switzerland), GlaxoSmithKline PLC (United Kingdom), Pfizer (United States), Reckitt Benckiser (United Kingdom), Endo Pharmaceuticals (United Kingdom), Mallinckrodt Pharmaceuticals (United Kingdom) and Endo Pharmaceuticals Inc. (Ireland) |
CAGR | % |
The global Narcotic Analgesics market is highly competitive and consists of some key players. In concern with the market share, some of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Narcotic Analgesics market throughout the predicted period.
Sanofi S.A. (France), Novartis AG (Switzerland), GlaxoSmithKline PLC (United Kingdom), Pfizer (United States), Reckitt Benckiser (United Kingdom), Endo Pharmaceuticals (United Kingdom), Mallinckrodt Pharmaceuticals (United Kingdom) and Endo Pharmaceuticals Inc. (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sun Pharmaceutical Industries Ltd. (India) and Egalet (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Narcotic Analgesics market by Type and Region with country level break-up.
On the basis of geography, the market of Narcotic Analgesics 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October, 2019 Companies in the analgesics market are increasingly focusing on acquisition as a strategy for growth. Leading analgesic drug manufacturers are acquiring smaller companies to gain competitive advantage and strengthen their market position.
In March, 2023 Sanofi and Provention Bio, Inc., a U.S.-based, publicly traded biopharmaceutical company focused on intercepting and preventing immune-mediated diseases including type 1 diabetes (T1D), have entered into an agreement under which Sanofi has agreed to acquire Provention Bio, Inc., for USD 25.00 per share in cash, representing an equity value of approximately USD2.9 billion.
Influencing Trend:
Advancement in Research and Development Innovative and Increase Number of Manufacturing Units across the Asia Pacific Regions
Market Growth Drivers:
High Growth of Tolerance for Non-Narcotic Analgesics, High Demand for High Pain Management and Increasing Number Chronic Pain Associated With Cancer and Arthritis Conditions
Challenges:
High Manufacturing Cost
Restraints:
Stringent Government Regulations
Opportunities:
High Growth in the Healthcare Industry and Increasing Number of Government Initiatives In Terms Of Distribution Channels
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Narcotic Analgesics Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries