Global Postoperative Pain Therapeutics Market Size, Share, Growth, Trends, and Forecast 2020-2027

The global postoperative pain therapeutics market size was valued at US$ 11,459.3 Mn in 2018 and to reach US$ 17 BN by 2027. The global postoperative pain therapeutics market is projected to expand at a CAGR of nearly 4.8% from 2020 to 2027.

High incidence and severity of postoperative pain, introduction of promising drugs, increase in the number of surgical procedures, and high rate of adoption of pain management in developed as well as pharmerging countries are spurring the growth of the global postoperative pain therapeutics market. North America and Europe are projected to be prominent regions in the global postoperative pain therapeutics market during the forecast period. The postoperative pain therapeutics market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. The growth of the postoperative pain therapeutics market in the region is attributed to the high rate of adoption of pain management, rise in disposable income, and increase in the number of surgical procedures. The postoperative pain therapeutics market in Latin America is likely to grow at a moderate pace during the forecast period.

High Incidence and Severity of Postoperative Pain, Introduction of Promising Drugs, and High Adoption Rate of Pain Management in Developed as well as Pharmerging Countries to Drive the Postoperative Pain Therapeutics Market

• The global postoperative pain therapeutics market is projected to be driven by the following factors. Surgical procedures are associated with chronic postoperative pain that persists for a long time, usually for three to six months. Phantom pain is one the common postoperative conditions that occurs after limb amputation, thoracotomy, breast surgery, cesarean section, or inguinal hernia repair.
• A number of studies conducted in countries with highly-developed healthcare systems demonstrated that, postoperative pain is not managed well in nearly one-third to one-half of the patients. Increase in the number of surgical procedures and severity of postoperative pain are anticipated to drive the global postoperative pain therapeutics market during the forecast period. The introduction of various new drugs is also expected to propel the global postoperative pain therapeutics market. New drugs are being developed with wide safety margins and favorable profiles.
• Advancements in non-opioid alternatives and adjuncts have gained importance for controlling postoperative pain. For instance, intravenous (IV) acetaminophen, non-steroidal anti-inflammatory drugs (NSAIDs), magnesium, ketamine, dexmedetomidine, and liposomal bupivacaine are some of the drugs that have gained traction in the postoperative pain therapeutics market.
• Innovative medicines, increase in demand, better access, and improved treatment for pain have led to the dominance of postoperative pain therapeutics in pharmerging and developed markets. 

Opioids Projected to be a Highly Lucrative Drug Class in the Postoperative Pain Therapeutics Market

• Opioids are the most widely prescribed medications to treat moderate to severe chronic pain. Opioids can be classified into three major classes: strong agonists (fentanyl, oxymorphone, and morphine), mild-to-moderate agonists (codeine and hydroxycodone), and opioids with mixed receptor reactions (buprenophrine and pentazocine).
• The opioids segment dominated the postoperative pain therapeutics market in 2018, and the trend is likely to continue during the forecast period. Growth of the segment can be attributed to the usage of opioids as the primary line of treatment for postoperative pain.
• However, an increase in the incidences of opioid drug abuse due to addiction, and production shortage of opioids, as reported by Pfizer, are projected to hamper the growth of the postoperative pain therapeutics market in the next few years. 

Oral Route of Administration Leads in the Postoperative Pain Therapeutics Market

• Oral administration is a route of administration, wherein, medications are taken through the mouth. Medications taken through this route are intended to have a systemic effect and reach different body parts through the bloodstream.
• The postoperative pain therapeutics market report offers detailed segmentation of the global postoperative pain therapeutics market in terms of route of administration. The oral segment is poised to account for a substantial share of the postoperative pain therapeutics market from 2019 to 2027. High share of the segment is attributed to easy intake, and preference of patients of taking medication orally.
• The oral segment dominated the postoperative pain therapeutics market in 2018, and this trend is projected to continue during the forecast period. Growth of the segment can be attributed to high preference for the oral route of administration, owing to its non-invasiveness, ease of use, and self-administration. 

Hospital Pharmacies Segment Prominent in the Postoperative Pain Therapeutics Market

• In terms of distribution channel, the hospital pharmacies segment accounted for a leading share of the global postoperative pain therapeutics market in 2018. This segment is likely to gain market share in the postoperative pain therapeutics market during the forecast period.
• The segment is expected to expand at a high CAGR from 2019 to 2027. Hospital pharmacies can be defined as healthcare facilities inside hospital premises that primarily provide medications to hospital patients. These facilities manage the procurement, storage, packaging, preservation, compounding, sterilization, and distribution of medicines in hospitals.
• Growth of the segment can be attributed to the rise in the number of surgeries being performed. Additionally, increase in the number of accidents leading to complicated surgeries result in postoperative pain.
• This drives the demand for postoperative analgesics. Moreover, product availability in hospital pharmacies contributes to the growth of the segment. 

Asia Pacific Presents Significant Opportunities in the Postoperative Pain Therapeutics Market

• North America and Europe accounted for large shares in the global postoperative pain therapeutics market in 2018, and are projected to gain more market share in the global postoperative pain therapeutics market by the end of 2027. The postoperative pain therapeutics markets in these two regions are anticipated to expand significantly in the next few years, due to the increase in inpatient and outpatient surgeries and well-established healthcare infrastructure. Rise in obesity and lack of exercise have contributed to the high prevalence of chronic disorders, which leads to high number of surgeries.
• An article published by NCBI stated that, acute pain control leads to approximately 70 million surgical procedures in the U.S. each year. The postoperative pain therapeutics market in Asia Pacific is expanding rapidly due to improving healthcare infrastructure, and rise in private and public investment in life science research in countries such as China and India. Robust economic development, high chronic disease burden, and developing healthcare sector are anticipated to boost the postoperative pain therapeutics market in Asia Pacific.
• China and Japan are expected to be highly attractive markets for postoperative pain therapeutics in the next few years, due to the increase in the incidences of chronic diseases and rise in the geriatric population. Launch of new products and introduction of abuse-deterrent opioid analgesics in Asia Pacific are likely to drive the opioids segment in the region from 2019 to 2027.
• The phenomenon of population aging in Japan, China, and India has led to an increase in the number of people with chronic pain, cancer pain, and other diseases. This is expected to drive the NSAIDS and opioids segments in the region during the forecast period. 

The report analyzes and forecasts the postoperative pain therapeutics market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level. For the region and all segments, the sales, revenue and their market share, growth rate are key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

This report first introduces the background of postoperative pain therapeutics, including the definition, classification, application, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the latest dynamic analysis. With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major postoperative pain therapeutics companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of postoperative pain therapeutics upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of postoperative pain therapeutics and consumption, major regions and consumption, major global producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global postoperative pain therapeutics market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the postoperative pain therapeutics market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of postoperative pain therapeutics market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Some of the key market giants holding a sizeable chunk of the global postoperative pain therapeutics market share include Pfizer, Inc., Teva Pharmaceutical Industries Ltd., Novartis AG, Camurus AB, and a few others.

Segmentation

By Drug Types
Opioids
NSAIDS
Local Anesthetics
Tricyclic Antidepressants
Antiepileptic Drugs
Others

Route of Administration
Oral
Intramuscular
Intravenous
Others

Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

• To analyze and study the global postoperative pain therapeutics capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
• Market value USD Million and volume Units Million data for each segment and sub-segment
• Focuses on the key postoperative pain therapeutics manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.