Analgesics - APAC
APAC- In 2024, the revenue in the Analgesics market in APAC is estimated to reach a substantial amount of US$10.85bn.
- This particular market is projected to experience an annual growth rate of 8.26% (CAGR 2024-2028).
- When compared to other countries worldwide, the United States leads the pack by generating the highest revenue, with a staggering US$7.24bn in 2024.
- In terms of per person revenues, each individual in APAC is anticipated to contribute US$2.53 to the market in 2024.
- In Japan, the analgesics market is dominated by over-the-counter products, with a strong preference for traditional herbal remedies.
- Key regions:
- Brazil,
- Europe,
- Germany,
- Canada,
- United States
Definition:
The Analgesics market comprises over-the-counter natural and synthetic non-opioid analgesics (only in approved low doses) like Paracetamol, Ibuprofen, Aspirin, Diclofenac and other pain-relieving preparations. Legislation on opioid analgesics differs from country to country. According to the respective state legislation, legal opioid analgesics are included. In Germany, Austria and Switzerland, for instance, opioid analgesics are only included if they are not limited by the narcotics law and do not require prescription. Analgesics are included in the form of pills, capsules, gels and ointments. Not included are prescription medicines (e.g. morphine), anesthetics and homeopathic remedies. Among the top-selling painkillers are Voltaren, Aspirin, Thomapyrin, Ibuprofen, Dolormin, Paracetamol and ASS. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.
Additional information:
The Analgesics market comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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In-Scope
- Over-the-counter analgesics (e.g. Aspirin and Paracetamol)
- Natural and synthetic agents
- In the form of pills, capsules, gels and ointments
Out-Of-Scope
- Prescription medicines
- Homeopathic remedies
- Anesthetics
