Pain Management Drugs Market To Reach New Heights
Pain Management Drugs Market is estimated to reach from $58,577 million in 2016, $77,131 million by 2023. It is anticipated to register a CAGR of 4% during the forecast period, 2017-2023. Pain is a distressing sensory and emotional feeling, which occurs due to tissue damage or illness.
Pain Management Drugs Market is estimated to reach from $58,577 million in 2016, $77,131 million by 2023. It is anticipated to register a CAGR of 4% during the forecast period, 2017-2023. Pain is a distressing sensory and emotional feeling, which occurs due to tissue damage or illness.
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Introductionof<br />
<strong>Pain</strong> <strong>Management</strong> <strong>Drugs</strong> <strong>Market</strong><br />
❑ The pain management drugs market accounted for $58,577 million in 2016, and is<br />
estimated to reach $77,131 million by 2023, registering a CAGR of 4% from 2017 to<br />
2023. North America was the highest contributor to the pain management drugs<br />
market in 2016; however, Asia-Pacific is expected to witness the highest growth<br />
rate during the forecast period.<br />
❑ <strong>Pain</strong> is a complex medical condition, which not only affects the physical but also<br />
mental well-being of an individual. It is caused due to trauma or tissue damage,<br />
and its intensity varies from person to person. Based on the cause of pain, the<br />
treatment provided can be a simple or complex. <strong>Pain</strong> can be managed with the<br />
help of a variety of pharmacological and non-pharmacological therapies.<br />
❑ Increase in prevalence of cancer and rise in number of surgeries conducted per<br />
year have fueled the demand for nonsteroidal anti-inflammatory drugs, and opioids<br />
in the market, thereby driving the market growth. As per the statistics provided by<br />
the World Bank, almost 4,511.1 surgeries were conducted per 100,000 population<br />
in 2012, which is further expected to supplement the market growth.
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