Narcotics Analgesics Market Size

Narcotics Analgesics Market size was over USD 30.01 billion in 2024 and is poised to exceed USD 55.89 billion by 2037, growing at over 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of narcotics analgesics is evaluated at USD 31.19 billion.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.