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