Analgesics are used to getting relief from body pain. Analgesics is also known as a painkiller. Over-the-counter (OTC) (non-prescribed) analgesics that are generally used by the public are paracetamol, weak opioids such as codeine, and non-steroidal anti-inflammatory drugs (NSAIDs) such as ibuprofen and aspirin. Analgesics are broadly categorized with Nonopioid analgesics, Opioid analgesic Adjuvant analgesics. The Usage of Analgesics are increases day by day because of long seating job, pressure of work and all.This growth is primarily driven by Growing Number of Geriatric Population and Increasing Incidences of Cardiovascular Disease (CVD), Cancer, & Arthritis.
Globally, a noticeable market trend is evident Emerging Case of Body Pain from People who are Involved in Seating Jobs. Major Players, such as Bayer AG (Germany), Novartis AG (Switzerland), GlaxoSmithKline PLC (United Kingdom), Pfizer Inc (United States), Johnson & Johnson (United States), Reckitt Benckiser (United Kingdom), Endo Pharmaceuticals (Ireland), Bristol-Myers Squibb (United States), Eli Lilly and Company (United States) and Sanofi (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20th February 2020, Baudax Bio, Inc. a pharmaceutical company focused on therapeutics for acute care settings, announced that the U.S. Food and Drug Administration (FDA) has approved the New Drug Application (NDA) for ANJESO (meloxicam injection), which is indicated for the management of moderate to severe pain, alone or in combination with other non-NSAID analgesics.
On 21st November 2019, Baudax Bio, Inc. announced its launch as an independent, publicly-traded pharmaceutical company focused on advancing non-opioid analgesics and other products for the hospital and other acute care settings.
"September 18, 2018, FDA takes important steps to encourage appropriate and rational prescribing of opioids through final approval of new safety measures governing the use of immediate-release opioid analgesic medications."
- Growing Number of Geriatric Population
- Increasing Incidences of Cardiovascular Disease (CVD), Cancer, & Arthritis
- Emerging Case of Body Pain from People who are Involved in Seating Jobs
- Adverse Risk Associated with Heavy Dose of Analgesics Medication
Surging Spendings of People on Healthcare Products will Boost the Analgesics Market
High Competition in the Analgesics Market
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