From GlobeNewswire: 2024-09-19 11:08:00

The global Over The Counter Pain Medication Market is projected to grow from USD 27.12 Billion in 2024 to USD 35.50 Billion by 2031, at a CAGR of 3.9%, driven by the increasing trend of self-medication for mild pain issues. Analgesics and NSAIDs are widely used for managing chronic pain conditions, with NSAIDs holding the largest market share due to their effectiveness in pain relief. The oral route of administration dominates the market, with North America leading in market share. Key players include Johnson & Johnson, Pfizer Inc., and Bayer AG. Recent developments include USFDA warnings against certain topical analgesics and the approval of non-opioid painkiller Maxigesic IV. Market trends include a shift towards herbal and homeopathic pain relievers, and innovative drug delivery formats such as gels, sprays, and roll-ons. Players are focusing on launching new products and strategic collaborations to enhance market presence.



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