Narcotics Analgesics Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Narcotics Analgesics Market in 2025 is evaluated at USD 31.23 billion. The global Market size was worth over USD 30.01 billion in 2024 and is poised to grow at a CAGR of around 5.1%, reaching USD 57.29 billion revenue by 2037. North America is likely to attain largest share by 2037, fueled by increased opioid consumption for both medical and non-medical purposes.
The growth of the market can be attributed to the rise in the research and development of narcotics analgesics worldwide. Further, the increased use of heroin, a type of narcotic analgesic, is also expected to contribute to market growth. In 2019, more than 40,000 people tried heroin for the first time and in 2020, around 7,00,000 people used heroin. Besides this, the rise in concern for the misuse of pain killers and the myth that pure heroin is less harmful than less pure heroin forms is also poised to create numerous opportunities for market growth in the coming years. Also, a growing tolerance to non-narcotics analgesics is the major reason for the constant increase in sales of narcotics analgesics.
In addition to these, factors that are believed to fuel the market growth of narcotics analgesics include the quick onset of action of these pharmaceutical drugs and the high efficiency of these drugs for neuropathic pain management. In addition to this, the rise in demand for drugs for pain relief related to the central nervous system (CNS), such as morphine, is also anticipated to drive market growth. International Narcotics Control Board reported that 79% of the world’s population consumed 13% of morphine used for the management of pain and suffering or 1% out of 388.2 tons of total morphine manufactured across the world.
