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Non-opioid Pain Treatment Market Trends

  • Report ID: GMI11178
  • Published Date: Sep 2024
  • Report Format: PDF

Non-opioid Pain Treatment Market Trends

Researchers and pharmaceutical companies are continuously focusing on developing innovative non-opioid therapies that offer effective pain management while minimizing the risks associated with opioids. This includes advancing new drug formulations, exploring novel drug targets, and improving existing therapies. These advancements in research and development enhance market growth by expanding treatment options and improving patient outcomes.
 

  • For instance, in February 2024, Cal State Fullerton medicinal chemistry students Faye Yun and Leah Duong, under the guidance of Assistant Professor Stevan Pecic, began developing novel non-opioid pain treatments. Funded by a nearly USD 600,000 NIH grant, their research focused on creating small molecules that target two key enzymes involved in pain and inflammation. This innovative approach aims to address the limitations of current therapies, offering new solutions for chronic pain management. The successful development of these compounds may revolutionize non-opioid pain treatments.
     
  • Similarly, in January 2024, researchers at The University of Texas at Austin made significant progress with a new compound, FEM-1689, for treating neuropathic pain. Tested on models of diabetic and chemotherapy-induced neuropathy, FEM-1689 shows promising benefits without interacting with opioid receptors. The goal is to develop this compound into a non-addictive alternative to current pain medications, addressing chronic pain safely and effectively. If successful, FEM-1689 could revolutionize pain management by providing a safer option than opioids.
     

These research efforts are aimed at exploring opportunities for non-opioid drugs to better meet patient needs for pain management. Moreover, the growing aging population, increasing surgical procedures, rising pain incidences, and enhanced research efforts are anticipated to boost market demand.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global non-opioid pain treatment industry was valued at USD 47.2 billion in 2023 and is anticipated to register 7.3% CAGR between 2024 and 2032 due to the growing advancements in the drug delivery system.

The hospital pharmacies segment in the market accounted for USD 21.1 billion in 2023 due to their extensive accessibility, convenience, and ability to offer a broad range of pain treatments and patient counseling.

U.S. non-opioid pain treatment market accounted for USD 19.2 billion in 2023 due to its advanced healthcare infrastructure and significant investment in research and development.

Amgen Inc., Almatica Pharma LLC, Eli Lilly and Company, Fresenius Kabi AG, GlaxoSmithKline plc, Haleon group, Heron Therapeutics, Hyloris Pharmaceuticals, and Johnson & Johnson Consumer Inc., among others.

Non-opioid Pain Treatment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 288
  • Countries covered: 22
  • Pages: 160
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