(PharmaNewsWire.Com, January 07, 2017 ) Analgesics Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Analgesics globally.
The Analgesics Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Analgesics Market:
Pfizer Bayer HealthCare Sanofi Endo Johnson & Johnson Purdue Pharma
“A key trend which is boosting market growth is the accelerated use of online resources. Several manufacturers and retailers are shifting their marketing strategy to the online platform to achieve high-volume sales and offer convenience and comfort for end-users. For instance, websites such as vitacost.com, healthkart.com, rxexpress.co.uk, and vivavitamins.com offer pain tablets, caplets, gels, creams, and ointments. These sites provide options such as live chat to provide instant support to individuals who face difficulties when purchasing pain medication.”
According to the Analgesics Market report, a key growth driver is the rapid industrialization in China. Changes in government policies of countries are increasing the preference for OTC drugs over prescription drugs. These drugs do not require a written prescription from healthcare professionals and can be purchased directly from pharmacy stores. This is a major factor that promotes the increased use of these products and a rise in the practice of self-medication. For instance, people with pain conditions use analgesics such as acetaminophen, aspirin, ibuprofen, and diclofenac.
Report also presents Geographical Segmentation analysis of Analgesics Market of Americas, APAC, EMEA region.
Further, the Analgesics Market report states that a major factor that could hamper market growth is the growing preference for alternative therapies. Many analgesics do not show the required long-term efficacy, which leads to patients opting for non-pharmacologic treatments for pain relief. Also, patients sometimes become allergic or experience severe side-effects from drugs or deterioration of a pre-existing disease with the use of these medications.
Key questions answered in Analgesics market report:
What will the Analgesics market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving Analgesics market? What are the challenges to Analgesics market growth? Who are the key vendors in Analgesics market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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