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Top Trends Supporting the Global Analgesics Market Growth Over the past few years, self-medication has become a popular trend among individuals, which is influencing the market growth positively. On account of the rising penetration of the internet and smartphones, people can easily access health-related information and educate themselves about the benefits, side-effects and required dosage to self-administer different painkillers. Besides, the growing familiarity with the internet has led to the emergence of numerous e-commerce platforms that are collaborating with pharmaceutical manufacturers to maximize their sales. The rising R&D activities are another major factor that is driving the market for analgesics. At present, several studies are underway to develop new and effective analgesic drugs. Most of these pipeline molecules are at their later stages and have exhibited good phase II and III results in terms of efficacy and safety. For instance, AmiKet, a late-stage product, is being developed for treating neuropathic pain related to chemotherapy-induced peripheral neuropathy. Other than this, hydromorphone by Daiichi Sankyo, RTX by Sorrento, and Tetrodotoxin by WEX Pharmaceuticals are some of the other later-stage pipeline molecules, which are expected to be launched during the forecast period as a solution of chronic and breakthrough pain resulting from cancer.
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