Mordor Intelligence

Pain Management Market Overview

The pain management market was valued at approximately USD 67460.8 million in 2021, and it is expected to witness a revenue of USD 89482.3 million in 2027, with a CAGR of 4.65% over the forecast period. According to the American Academy of Pain Medicine (AAPM), chronic pain affects approximately 1.5 billion people worldwide with prevalence increasing with age. According to a study titled, ‘The effect of SARS-CoV-2 on the prescribing of antimicrobials and analgesics by NHS general dental practitioners in England’, published in January 2021, opioids drugs demand during April 2020 was about 28,563, while in April 2019, it was 15,507, increase by approximately 84%.

According to the World Health Organization, by 2050, 130 million people will suffer from osteoarthritis, worldwide, of whom 40 million will be severely disabled by the disease. The increasing usage of morphine in pain management is boosting the market growth as the patient pool is increasing. According to the study report published by the MD Anderson Cancer Center in January 2020, chronic non-malignant pain is common in cancer patients across the world, and one in every three cancer patients was prescribed opioid medication. Thus, huge acceptance and prescription of these medications indicate the growth of the market. Thus, pain management has desirable growth prospects during the forecast period.

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Pain Management Market – Geographical Overview

North America holds the largest share in the pain management market, with the United States being the most significant contributor to its revenue. According to the data published by the Centers for Disease Control and Prevention (CDC), in 2019, 20.4% of adults had chronic pain, and 7.4% of adults had chronic pain that had limited work and daily activities frequently. Additionally, as per CDC, chronic pain increased with age, and the highest was reported in patients aged 65 years and above in the United States. Similarly, as per the Population Reference Bureau’s Population Bulletin “Aging in the United States,” the number of Americans aged 65 years and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. The high incidence of chronic pain among Americans and the growing geriatric population are expected to increase the demand for pain management devices and drugs over the forecast period.

Check our other latest reports on –

• Opioids Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)
• Non-opioid Pain Patch Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

Recent Developments in the Pain Management Market

• In July 2021, Venus Remedies Limited launched a consumer healthcare division that will offer various products for pain management.
• In March 2021, Hisamitsu America, a division of Hisamitsu Pharmaceutical Co., Inc., launched the Salonpas Arthritis Pain Relief Gel, which features the most prescribed topical pain medicine clinically proven to relieve arthritis pain in major joints.
• In January 2021, Boston Scientific Corporation launched the WaveWriter Alpha, a portfolio of Spinal Cord Stimulator (SCS) systems that combine therapy options for personalized pain relief.

Related Reports and Links

• Topical Analgesic Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)
• Morphine Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

List of Key Players in the Pain Management Market

• Abbott Laboratories
• Baxter International Inc.
• Becton, Dickinson, and Company
• Boston Scientific Corporation
• Fresenius SE & Co. KGaA
• GlaxoSmithKline PLC
• Johnson & Johnson
• Medtronic PLC
• Novartis International AG
• Pfizer Inc.
• Teva Pharmaceutical Industries Ltd
• Eli Lilly and Company
• Merck & Co. Inc.

*List Not Exhaustive 

Mordor Intelligence has segmented the global pain management market based on the mode of pain management, application, and geography:

• Mode of Pain Management (Market Size & Forecast based on Revenue (USD million), 2022-2027)
  • Drugs
    • Opioids
    • Non-narcotic Analgesics
      • NSAIDS
      • Anesthetics
      • Anticonvulsants
      • Anti-depressants
      • Other Non-narcotic Analgesics
  • Devices
    • Neurostimulation Devices
      • Transcutaneous Electrical Nerve Stimulation (TENS) Devices
      • Brain and Spinal Cord Stimulation (SCS) Devices
    • Analgesic Infusion Pumps
      • Intrathecal Infusion Pumps
      • External Infusion Pumps
• Application (Market Size & Forecast based on Revenue (USD million), 2022-2027)
  • Neuropathic Pain
  • Cancer Pain
  • Facial Pain and Migraine
  • Musculoskeletal Pain
  • Other Applications
• Geography (Market Size & Forecast based on Revenue (USD million), 2022-2027)
  • North America
    • United States
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle-East and Africa
    • GCC
    • South Africa
    • Rest of Middle-East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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