The global internal analgesic tablet market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). An analgesic drug is also called a pain reliever or painkiller and is used to relieve pain. Additionally, there are three categories of analgesic medications including non-opioid analgesics, adjuvant analgesics and opioid analgesics. The major factor driving the market growth include the rising geriatric population across the globe.
According to the Department of Economic and Social Affairs, there were 703 million people aged 65 years or over globally in 2019 which is anticipated to double to 1.5 billion in 2050. Furthermore, the market is also growing due to new product launches. For instance, in August 2021, Dr Reddy’s Laboratories announced the re-launched of over-the-counter (OTC) Naproxen Sodium Tablets USP, 220 mg in the US market. The drug is the store-brand equivalent of Bayer HealthCare’s Aleve and is used as a pain reliever and fever reducer.
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Some key players in the market include Bayer AG, GlaxoSmithKline plc, and Johnson & Johnson Consumer Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in April 2019, Granules India announced that it has received approval for Acetaminophen tablets from the US FDA. It is used for temporary pain relief.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Bayer AG, GlaxoSmithKline plc, and Johnson & Johnson Consumer Inc., among others.
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Global Internal Analgesic Tablet Market Report by Segment
By Type
- Central Painkiller
- Narcotic Analgesics
- Antispasmodic Painkillers
- Anxiolytic Analgesics
- Others
By Application
- Home Use
- Hospital
- Clinic
- Other
Global Internal Analgesic Tablet Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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