Indian Pain Management Therapeutics Market Analysis


  • Type: Therapeutics Area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1216

  • Format: PPT, PDF

Indian Pain Management Therapeutics Market: Segmented by Indication (Chronic Back Pain, Neuropathic Pain, Fibromyalgia), by Drug Class (Anaesthetics, Antidepressants, Anticonvulsants), and Distribution Channel (Online Pharmacy, Hospitals Pharmacy, Retail Pharmacy) – Growth, Trends, and Forecasts (2019 – 2028)

SKU: 1216 Categories: ,

Report Overview

Indian Pain Management Therapeutics Market size stood at around USD XX Billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of around XX% during the forecast period.

India is the fastest growing pain management market owing to a huge patient pool, increasing demand for treatments, and increasing healthcare expenditure. The growth of the Indian pain management market is majorly due to the well-established business of painkiller medications as the first line of treatment. The current market is gradually adopting more non-opioid medications, to suppress the addiction toward opioids and certain well-established painkillers in the market. Post-surgical pain is one of the primary focuses of hospitals, where the cost of monitoring and the treatment of adverse effects create the major demand for pain management drugs and devices. Rising cases of cancer pain indication are expected to drive the market during the forecasting period. Also, opioids drugs will have the highest sales in the market shortly.

Market Driving and Restraining Factors

Driving Factors

Rise in geriatric population, surge in prevalence of chronic diseases, such as cancer, diabetic neuropathy, and osteoarthritis propels the market growth, rise in healthcare expenditure, growth in awareness regarding diseases, enhancing healthcare infrastructure, research and development activities and surge in healthcare expenditure positively affect the pain management therapeutics market, rise in number of surgical procedures and rise in healthcare expenditure are expected to fuel growth of the pain management drugs market.

Restraining Factors

On the other hand, the restraining factors are the rising concerns regarding drug exploitation and patent expiration of prescription pain medication drugs are the factors expected to obstruct the pain management therapeutics market growth.

1. Indian Pain Management Therapeutics Market Overview……………………….
A. Market Size
2. Market Driving and Restraining Factors………………………………….………
A. Driving Factors
I. Rise in Aging Population
II. Increasing Incidence of Chronic Diseases
III. Growing Public Awareness
B. Restraining Factors
I. Rise in Concerns Regarding Drug Exploitation
3. Major types of pain ………………………………………………………..
A. Arthritic Pain
B. Neuropathic Pain
C. Cancer Pain
D. Chronic Pain
E. Post-Operative Pain
F. Migraine
G. Fibromyalgia
H. Bone Fracture
4. Pain Management Therapeutics Market Segmentation…………………………
A. By Indication
I. Chronic Back Pain
II. Neuropathic Pain
III. Fibromyalgia
IV. Arthritic Pain
V. Cancer Pain
VI. Post-operative Pain
VII. Migraine
B. By Drug class
I. Anaesthetics
II. Antidepressants
III. Anticonvulsants
IV. Non-steroidal Anti-inflammatory Drugs (NSAIDS)
V. Anti-migraine Agents
VI. Opioids
VII. Non-narcotic Analgesics
C. By Distribution Channel
I. Online Pharmacy
II. Hospitals Pharmacy
III. Retail Pharmacy
5. Pain Management Major Products Market Share………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Bayer AG Company overview, Product & Services, Strategies & Financials
B. Abbott Laboratories Company overview, Product & Services, Strategies & Financials
C. Pfizer Inc. Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………
A. New Trends and Developments in Pain Management Therapeutics Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Indication:

Based on the Indication the Indian pain therapeutics market has been divided into Chronic Back Pain, Neuropathic Pain, Fibromyalgia, Arthritic Pain, Cancer Pain, Post-operative Pain, Migraine. Cancer pain, trauma or injury pain would be the leading segment throughout the analysis period, owing to increased incidence of cancer and accidental injuries respectively.

By Drug Class:

Based on Drug Class, the Indian pain therapeutics market has been segmented into Anaesthetics, Antidepressants, Anticonvulsants, Non-steroidal Anti-inflammatory Drugs (NSAIDS), Anti-migraine Agents, Opioids, Non-narcotic Analgesics. Non-narcotic analgesics, Nonsteroidal Anti-Inflammatory Drug (NSAID) are the leading market segment owing to its low cost and easy availability.

By Distribution Channel:

Based on distribution channel, the Indian 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.

Major Players

Increased focus of manufactures on ambulatory pain management solution, commercialization pain management drugs with minimal side effects and reformed reimbursement policies are the factors shaping the growth prospect of pain therapeutics solutions market. Some of the key players of Pain Management Market in India are Abbott Laboratories, Allergan, Pfizer, Astellas Pharma, AstraZeneca plc, Bayer AG, Codman And Shurtleff, Inc, Eli Lilly & Company, Johnson & Johnson Services, Inc., Medtronic PLC, Merck & Co. Inc., Novartis AG. Product advancements and improvements in durable medical equipment by the major players are stiffening the competitive rivalry in the market. For instance, in June 2019, Medtronic PLC launched Intellis platform for the management of certain types of chronic intractable pain. Revenue in the Analgesics segment amounts to US$817.20m in 2021. The market is expected to grow annually by 9.26% (CAGR 2021-2025).

Research Methodology

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  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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