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The global analgesics industry is strengthened by the rising geriatric population worldwide. By 2050, the population of people over 60 years of age is expected to expand to make a generous total of 2100 million, accounting for about 21% of the total global population. Older people are most susceptible to suffer from chronic and lifestyle diseases, further aiding the sales of analgesics in the coming years.
GlaxoSmithKline PLC (NYSE: GSK) is a British pharmaceutical MNC headquartered in Brentford, London. In March 2020, the company got approval from FDA for over-the-counter use of Advil Dual Action with Acetaminophen in the United States. Advil Dual Action provides relief for several symptoms and is the first formulation that combines two powerful ingredients, i.e., ibuprofen and acetaminophen, for OTC pain relief that works in many ways. The introduction of this product is expected to aid the market growth in the forecast period.
Market Analysis by Type, Drug Class, ROA, Pain Type, Application, and Region:
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Bayer AG, GlaxoSmithKline PLC, Pfizer Inc., Sanofi, and others are the key players in the global analgesics market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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