Over The Counter Pain Medication Market

Over-the-Counter Pain Medication Market: Growing Number of Acute Pain Cases to Fuel Demand: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

  • 2019-02-15
  • REP-GB-8947
  • 54 Tables
  • 123 Figures
  • 274 pages
  • PDF PPT EXCEL
 Over The Counter Pain Medication Market

An Incisive, In-depth Analysis on the Over The Counter Pain Medication Market

This study offers a comprehensive, 360 degree analysis on the Over The Counter Pain Medication market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Over The Counter Pain Medication market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Advancements in Pain Management and the Rising Prevalence of Acute Pain

The rising prevalence of lower back pain, neck pain, headache, migraine, and other acute pain conditions is boosting the market for over-the-counter pain medication. According to a survey conducted by the National Center for Biotechnology Information, over 80% of the population experiences episodes of acute pain conditions in their lifetime due to continuous sitting, sports and activities, sudden falls, other health conditions, lifestyle, hygiene, etc. The expansion of companies offering novel and cost-effective over-the-counter pain medications in Asian countries is expected to fuel the growth of the over-the-counter pain medication market. Companies having patent rights for particular over-the-counter pain medication are targeting potential countries in Asia and Africa. For this purpose, these companies are seeking the approval of respective government authorities in view of commercializing their products. Increased efforts by manufacturers to offer cost-effective over-the-counter pain medication and rapid advancements in pain management are expected to boost the over-the-counter pain medication market.

Severity of Abusive Over-the-Counter Pain Relief Drugs

The popularity of over-the-counter pain medication increases the potential of its abuse. It has been observed that some over-the-counter pain medication are being overused, consumed in larger quantities than what is prescribed, and sometimes, patients became addicted to them. Due to these factors, patients suffer from adverse effects. Most over-the-counter pain medications are safe for healthy people only if used as directed. The most commonly used over-the-counter pain medication for relief are non-steroidal and anti-inflammatory drugs, which can cause potentially fatal adverse effects such as stomach bleeding and ulcers. According to the American Gastroenterological Association, in the U.S., more than 30 Mn people are using NSAIDs every day for pain relief from headaches, backache, arthritis, and other acute conditions. It has been observed that there is a lack of proper guideless and awareness among a large percentage of the population regarding the dosage of over-the-counter pain medication and the manner in which they should be taken. A large number of patients are consuming acetaminophen for almost all types of chronic and acute pain, and thus suffering from its adverse effects and predisposing themselves to serious complications associated with ill self-diagnosis and self-medication.

Growth in Aging Population Suffering from Pain Disorders

The growing aging population is at a high risk of chronic pain disorders. During the aging process, several physical changes take place, which can impact the processing of pain among the population of this age group. Pain occurs due to several reasons such as reduced mobility, falls, and evasion of activity, sleep impairment, anxiety, and depression. In the United States, the Institute of Medicine stated that the prevalence of pain has been increasing among all age groups, but has been consistently the highest among the aging American population. The aging American population has the highest long-term consumption rate of over-the-counter pain medication for pain relief. In addition, the increase in the prevalence of age-related pain disorders is boosting the usage of over-the-counter pain medication among the elderly population. This age group is the major target group for manufacturers, and is contributing to the growth of the over-the-counter pain medications market. This growing patient pool will boost the growth of the over-the-counter pain medication market during the forecast period.

Adverse Effects Related to OTC Pain Medications

According to the American Gastroenterological Association, more than half of the stomach bleeding cases and ulcers are associated with NSAIDs. The long-term usage of NSAIDs is also likely to lead to heart and stroke risks, kidney failure and/or high blood pressure. An overdose of acetaminophen can lead to liver failure and possibly death. A heavy dosage of acetaminophen can also lead to kidney disease, GI bleeding, stroke or heart attack, and/or high blood pressure. Taking drugs for an extended time period, higher consumption of drugs than the recommended dosage, taking drugs in combination with other pain medications, and/or combining NSAIDs with alcohol increases the risk of stomach and intestinal bleeding, other adverse effects, and serious complications. Majority of patients taking over-the-counter pain medication are more concerned about reducing pain and are unaware of the adverse effects. Popular pain-relieving medicines, such as Paracetamol, Aspirin, Ibuprofen, etc., are easily available, and do not require a prescription from physicians. However, they are very effective for reducing pain only if taken as directed.

Competitive Landscape in the Global Over-the-Counter Pain Medication Market

The competition section of the over-the-counter pain medication market provides detailed information about key players competing in the over-the-counter pain medication market based on their market shares, different market strategies, product offerings, marketing approach, and company dashboard. Some of the key players featured in this over-the-counter pain medication market report are Pfizer, Inc., Johnson & Johnson Services, Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline plc., Bristol-Myers Squibb and Company, Teva Pharmaceutical Industries Ltd, Mylan N.V., Merck & Co., Cardinal Health Inc., and others.    

Definition

Over-the-counter pain medication are a wide range of drugs which can be purchased without physician prescriptions and are used for acute pain-related conditions. The drug class used as over-the-counter pain medication non-steroidal anti-inflammatory drugs (NSAIDs), local anaesthetics, and acetaminophen.

About the Report

The company conducted a research study on the over-the-counter pain medication market for the forecast period 2018 to 2028. This report provides a thorough assessment of opportunities in the over-the-counter pain medication market and provides an understanding of pain-related conditions, occurrence rate of pain, pain incidence rate, and awareness level of over-the-counter pain medication and market competition in the over-the-counter pain medication market. The report provides thorough information regarding macroeconomic factors impelling the growth of the over-the-counter pain medication market.

Segmentation

The report offers a wide-ranging taxonomy of the over-the-counter pain medication market. The over-the-counter pain medication market has been segmented based on drug class, route of administration, dosage form, distribution channel, and region. The over-the-counter pain medication market has been segmented by drug class into non-steroidal anti-inflammatory drugs (NSAIDs), local anaesthetics, and acetaminophen. By route of administration, the over-the-counter pain medication market has been segmented into oral, tropical, and others. By dosage from, the over-the-counter pain medication market is segmented as tablets, capsules, creams, gels, and others. By distribution channels segments, the over-the-counter pain medication market has been segmented into hospital pharmacies, drug stores, retail stores, e-commerce, and others.

Additional Questions Answered

Additional questions addressed in this over-the-counter pain medication market report are-

  • What is the revenue potential of the over-the-counter pain medication market across North America and Europe?

  • Who are the key players and what are their product portfolios in the over-the-counter pain medication market?

  • What are the major challenges impacting the growth of the over-the-counter pain medication market?

  • How is the involvement from key regulatory bodies shaping the growth of the over-the-counter pain medication market?

Research Methodology

The over-the-counter pain medication market has been estimated based on a supply-demand approach. The over-the-counter pain medication market was first studied based on the prevalence of pain-related conditions, consumption and adoption rate of over-the-counter pain medications, and availability of drug in the different distribution channels in different region/countries. Further, qualitative factors impacting the over-the-counter pain medication market, such as awareness regarding over-the-counter pain medication and availability of drugs, average prices of drugs, key regulations and others, were studied. The calculated data was further validated through primary research methods, such as telephonic interviews, surveys, in-person interactions and viewpoints of experienced analysts & secondary research resources, such as databases, trade journals and verified paid sources. The research study on the over-the-counter pain medication market also discussed top trends and macro as well as microeconomic factors influencing the over-the-counter pain medication market.

The company’s recent market study titled 'Over-The-Counter Pain Medication Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028' comprises a comprehensive assessment of the key market dynamics. Through detailed research on the growth parameters of the over-the-counter pain medication market, growth forecasts of the market have been obtained with maximum accuracy. The report features exclusive and significant factors that have a huge impact on the development of the over-the-counter pain medication market during the forecast period. These factors can aid market players to develop marketing and manufacturing strategies and visualize maximum growth in the over-the-counter pain medication market during the forecast years. The report offers thorough information about the growth prospects of the over-the-counter pain medication market in a comprehensive way for the better understanding of readers.

Chapter 1 – Executive Summary

The report begins with the executive summary of the over-the-counter pain medication market, which includes a detailed summary of key findings, statistics, and technology roadmap of the market. It also includes the market value (US$ million) estimations of the leading segments of the over-the-counter pain medication market.

Chapter 2 – Market Introduction and Overview

The report summaries the detailed taxonomy and definitions, which are key to understanding the basic information regarding the over-the-counter pain medication market dynamics, key players, pricing analysis, and regulation policies included in the report.

Chapter 3 – Global Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Drug Class

Based on drug class, the over-the-counter pain medication market has been segmented into non-steroidal anti-inflammatory drugs (NSAIDs), local anaesthetics, and acetaminophen. Readers can find detailed information regarding key market trends, developments, and market attractive analysis of the over-the-counter pain medication market based on drug class.

Chapter 4 – Global Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Route of Administration

This chapter summarizes the information regarding, market key trends, advancement in drug innovations, and developments for the over-the-counter pain medication market based on route of administration. The over-the-counter pain medication market has been segmented on the basis of route of administration into oral, tropical, and others that includes rectal, etc.

Chapter 5 – Global Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Dosage Form

This chapter summarizes the information regarding advancements and developments for the over-the-counter pain medication market based on dosage form. The over-the-counter pain medication market has been segmented on the basis of dosage form into tablets, capsules, creams, gels, and others.

Chapter 6 – Global Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Distribution Channel

The over-the-counter pain medication market, on the basis of end user, has been segmented into hospital pharmacies, drug stores, retail stores, and e-commerce. Based on the distribution channel, readers can find thorough information regarding key market trends, market attractive analysis, and developments in the over-the-counter pain medication market.

Chapter 7 – Global Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Region

This chapter provides detailed information regarding the current growth scenario of the over-the-counter pain medication market across many geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).

Chapter 8 – North America Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter includes a detailed analysis of the over-the-counter pain medication market growth, along with a country-wise assessment, including the U.S. and Canada. Readers can find detailed information regarding regional trends, macroeconomic factors, and market growth based on drug class, route of administration, dosage form, distribution channel, and country in the North American over-the-counter pain medication market.

Chapter 9 – Latin America Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter consists of the growth forecasts for the over-the-counter pain medication market in leading countries such as Brazil, Mexico, and the Rest of the Latin America. Readers can also find detailed information regarding factors such as pricing analysis, regional trends, and growth factors that are influencing the growth of the Latin American over-the-counter pain medication market.

Chapter 10 – Europe Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

In this chapter, readers can find detailed information regarding key growth forecasts of the over-the-counter pain medication market based on applications in various European countries, such as the U.K., Germany, France, Italy, Spain, Russia, and the Rest of Europe.

Chapter 11 – South Asia Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter includes the growth prospects of the over-the-counter pain medication market in leading South Asian countries such as India, Thailand, Indonesia, Malaysia, and Rest of South Asia.

Chapter 12 – East Asia Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter includes the growth prospects of the over-the-counter pain medication market in leading East Asian countries such as China, Japan, and South Korea.

Chapter 13 – Oceania Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

In this chapter, readers can find detailed information regarding the several parameters influencing the Oceania over-the-counter pain medication market during the forecast period 2018-2028. Australia and New Zealand are the leading countries in Oceania that are the prime subjects of assessment to obtain the growth prospects of the Oceania over-the-counter pain medication market.

Chapter 14 – MEA Over-the-Counter Pain Medication Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

The readers can find thorough information regarding growth factors impacting the MEA over-the-counter pain medication market and gain insights on how the MEA over-the-counter pain medication market is likely to impact the main countries of the MEA region, such as GCC Countries, Turkey, North Africa, South Africa, and the Rest of MEA over the forecast period 2018-2028.

Chapter 15 – Competition Landscape, Company Share, and Company Profiles

This chapter provides readers a wide-ranging list of all prominent key players in the over-the-counter pain medication market, along with detailed information regarding each company, including company overview, offered products, revenue shares, key strategy, and recent company developments. The market players featured in the report include Pfizer, Inc., Johnson & Johnson Services, Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline plc., Bristol-Myers Squibb and Company, Teva Pharmaceutical Industries Ltd, Mylan N.V., Merck & Co., Cardinal Health Inc., and others.

Chapter 16 – Assumptions and Acronyms

This chapter of the over-the-counter pain medication market includes a list of assumptions and acronyms that provide a base to the statistics and information included in the report.

Chapter 17 – Research Methodology

This chapter of the over-the-counter pain medication market provides readers with a detailed research methodology employed to obtain various conclusions and important qualitative and quantitative information regarding the over-the-counter pain medication market.

Over The Counter Pain Medication Market Reports - Table of Contents

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