Over-the-Counter Pain Medication Market to Display Growth at CAGR 4.0% through 2028

Over-the-Counter Pain Medication Market to Display
Growth at CAGR 4.0% through 2028
Healthcare, Pharmaceuticals & Medical Devices
February 2019
Report Id : REP-GB-8947
Status : Publish
Category : Healthcare, Pharmaceuticals & Medical Devices
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Over-the-Counter Pain Medication Market Analysis
Advancements in Pain Management and the Rising Prevalence of Acute Pain
The rising prevalence of lower back pain, neck pain, headache, migraine, and other acute pain conditions
is boosting the market for over-the-counter pain medication. According to a survey conducted by the
National Center for Biotechnology Information, over 80% of the population experiences episodes of
acute pain conditions in their lifetime due to continuous sitting, sports and activities, sudden falls, other
health conditions, lifestyle, hygiene, etc. The expansion of companies offering novel and cost-effective
over-the-counter pain medications in Asian countries is expected to fuel the growth of the over-thecounter pain medication market. Companies having patent rights for particular over-the-counter pain
medication are targeting potential countries in Asia and Africa. For this purpose, these companies are
seeking the approval of respective government authorities in view of commercializing their products.
Increased efforts by manufacturers to offer cost-effective over-the-counter pain medication and rapid
advancements in pain management are expected to boost the over-the-counter pain medication market.
Severity of Abusive Over-the-Counter Pain Relief Drugs
The popularity of over-the-counter pain medication increases the potential of its abuse. It has been
observed that some over-the-counter pain medication are being overused, consumed in larger quantities
than what is prescribed, and sometimes, patients became addicted to them. Due to these factors,
patients suffer from adverse effects. Most over-the-counter pain medications are safe for healthy people
only if used as directed.
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Over-the-Counter Pain Medication Market Analysis
The most commonly used over-the-counter pain medication for relief are non-steroidal and antiinflammatory drugs, which can cause potentially fatal adverse effects such as stomach bleeding and
ulcers. According to the American Gastroenterological Association, in the U.S., more than 30 Mn people
are using NSAIDs every day for pain relief from headaches, backache, arthritis, and other acute
conditions. It has been observed that there is a lack of proper guideless and awareness among a large
percentage of the population regarding the dosage of over-the-counter pain medication and the manner
in which they should be taken. A large number of patients are consuming acetaminophen for almost all
types of chronic and acute pain, and thus suffering from its adverse effects and predisposing themselves
to serious complications associated with ill self-diagnosis and self-medication.
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Growth in Aging Population Suffering from Pain Disorders
The growing aging population is at a high risk of chronic pain disorders. During the aging process, several
physical changes take place, which can impact the processing of pain among the population of this age
group. Pain occurs due to several reasons such as reduced mobility, falls, and evasion of activity, sleep
impairment, anxiety, and depression. In the United States, the Institute of Medicine stated that the
prevalence of pain has been increasing among all age groups, but has been consistently the highest
among the aging American population. The aging American population has the highest long-term
consumption rate of over-the-counter pain medication for pain relief.
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Over-the-Counter Pain Medication Market Analysis
In addition, the increase in the prevalence of age-related pain disorders is boosting the usage of over-thecounter pain medication among the elderly population. This age group is the major target group for
manufacturers, and is contributing to the growth of the over-the-counter pain medications market. This
growing patient pool will boost the growth of the over-the-counter pain medication market during the
forecast period.
Adverse Effects Related to OTC Pain Medications
According to the American Gastroenterological Association, more than half of the stomach bleeding cases
and ulcers are associated with NSAIDs. The long-term usage of NSAIDs is also likely to lead to heart and
stroke risks, kidney failure and/or high blood pressure. An overdose of acetaminophen can lead to liver
failure and possibly death. A heavy dosage of acetaminophen can also lead to kidney disease, GI
bleeding, stroke or heart attack, and/or high blood pressure. Taking drugs for an extended time period,
higher consumption of drugs than the recommended dosage, taking drugs in combination with other
pain medications, and/or combining NSAIDs with alcohol increases the risk of stomach and intestinal
bleeding, other adverse effects, and serious complications. Majority of patients taking over-the-counter
pain medication are more concerned about reducing pain and are unaware of the adverse effects.
Popular pain-relieving medicines, such as Paracetamol, Aspirin, Ibuprofen, etc., are easily available, and
do not require a prescription from physicians. However, they are very effective for reducing pain only if
taken as directed.
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Over-the-Counter Pain Medication Market Analysis
Competitive Landscape in the Global Over-the-Counter Pain Medication Market
The competition section of the over-the-counter pain medication market provides detailed information
about key players competing in the over-the-counter pain medication market based on their market
shares, different market strategies, product offerings, marketing approach, and company dashboard.
Some of the key players featured in this over-the-counter pain medication market report are Pfizer, Inc.,
Johnson & Johnson Services, Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline plc., Bristol-Myers Squibb and
Company, Teva Pharmaceutical Industries Ltd, Mylan N.V., Merck & Co., Cardinal Health Inc., and
others.
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The rising prevalence of lower back pain, neck pain, headache, migraine, and other acute pain conditions is boosting the market for over-the-counter pain medication. According to a survey conducted by the National Center for Biotechnology Information, over 80% of the population experiences episodes of acute pain conditions in their lifetime due to continuous sitting, sports and activities, sudden falls, other health conditions, lifestyle, hygiene, etc. The expansion of companies offering novel and cost-effective over-the-counter pain medications in Asian countries is expected to fuel the growth of the over-the-counter pain medication market. Companies having patent rights for particular over-the-counter pain medication are targeting potential countries in Asia and Africa. For this purpose, these companies are seeking the approval of respective government authorities in view of commercializing their products. Increased efforts by manufacturers to offer cost-effective over-the-counter pain medication and rapid advancements in pain management are expected to boost the over-the-counter pain medication market.

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