Post-Operative Pain Management Market By Type (Acute Pain Management, Moderate Pain Management, And Severe Pain Management), By Application (Cancer Pain, Arthritic Pain, Neuropathic Pain, Musculoskeletal Pain, Migraine Pain), By Region (North America, MEA, Europe, Asia Pacific, And Latin America), Forecasts By 2030
- PUBLISHED ON
- 2023-07-10
- NO OF PAGES
- 231
- CATEGORY
- Healthcare & Life Sciences
Post-Operative Pain Management Market was worth USD 35.5 billion in 2021 and is expected to register a CAGR of 5% over 2022-2030, thereby amassing a valuation of USD 57.8 billion by end of the assessment timeframe.
Furthermore, growing cognizance regarding the benefits of surgical treatments and rapid evolution in the field of medical science are creating lucrative opportunities for the industry sphere to prosper.
On the contrary, side effects pertaining to certain post-operative pain management drugs is hindering the remuneration scope of this marketplace.
Post-Operative Pain Management is predominantly referred to as the use of a wide array of therapies or drugs to reduce muscle and tissue spasm in patients who have recently undergone a surgical procedure.
Increase In The Prevalence Of Road Accidents To Aid Industry Expansion
With rapid urbanization, there has been a widespread surge in the number of vehicles on roads. This has further resulted in a steep rise in the number of road accidents powered by traffic congestion, irresponsible driving, and bad road conditions.
Growing Focus Market Players To Develop Efficient Drugs In The Field To Bolster Market Growth
With rise in the number of surgical treatment options for a wide array of diseases, key industry players have increased their efforts to develop efficient post-surgery pain management medications.
Market Segmental Assessment
By Type
• Moderate Pain Management
• Severe Pain Management
The severe pain management segment is slated to generate significant returns over 2022-2030. This is credited to the rise in the number of patients having trauma injuries.
By Application
• Arthritic Pain
• Neuropathic Pain
• Musculoskeletal Pain
• Migraine Pain
• Others
Market Geographical Landscape
North America, Middle East & Africa, Europe, Latin America, and Asia Pacific are the major regions constituting the geographical ambit of this business vertical. Among these, North America is projected to capture a substantial revenue share over 2022-2030.
Market Competitive Hierarchy
The prominent players defining the competitive terrain of this marketplace are Eli Lilly, Pfizer, Purdue Pharma, Endo Pharmaceuticals Plc., Forest Laboratories, Inc., Teva Pharmaceutical Industries Ltd., Johnson & Johnson, GlaxoSmithKline, F. Hoffman-La Roche Ltd., and Baxter International, Inc.
Notably, in May 2020, Zyla Life Sciences announced the acquisition of Asserito Therapeutics, Inc. to enhance its offerings in the pain products portfolio.
Key segments reported-
• By Type (Acute Pain Management, Moderate Pain Management, and Severe Pain Management)
• By Application (Cancer Pain, Arthritic Pain, Neuropathic Pain, Musculoskeletal Pain, Migraine Pain, and Others)
Major regions and countries covered-
• North America (U.S. and Canada)
• Asia Pacific (China, Japan, Australia, South Korea, and India)
• Latin America (Columbia, Mexico, Argentina, and Brazil)
• Middle East & Africa (UAE, Egypt, and South Africa)
• Europe (U.K., France, Germany, Russia, and Italy)
Quality Assurance Process
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global post-operative pain management market was worth USD 35.5 billion in 2021 and is expected to register a CAGR of 5% over 2022-2030, thereby amassing a valuation of USD 57.8 billion by end of the assessment timeframe.
What are the drivers shaping various markets?
With rise in the number of surgical treatment options for a wide array of diseases, key industry players have increased their efforts to develop efficient post-surgery pain management medications. Various biopharmaceutical companies have created abuse-deterrent opioid drugs and extended-release non-opioid drugs which have shown positive results in the field of post-operative pain management. This in turn is creating an upward trend for the industry progression.
Who are the key competitors of market Players?
Some of the major players operating within the market are Eli Lilly, Pfizer, Purdue Pharma, Endo Pharmaceuticals Plc., Forest Laboratories, Inc., Teva Pharmaceutical Industries Ltd., Johnson & Johnson, GlaxoSmithKline, F. Hoffman-La Roche Ltd., and Baxter International, Inc.
What are the top performing segments, and countries / regions of each of the markets?
North America, Middle East & Africa, Europe, Latin America, and Asia Pacific are the major regions constituting the geographical ambit of this business vertical.
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