Painkillers Market Size

Painkillers Market size was over USD 75.7 billion in 2024 and is estimated to reach USD 126.9 billion by the end of 2037, expanding at a CAGR of 4.4% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the painkillers is assessed at USD 79 billion.

The increasing availability of pain medicines through online and retail stores has propelled growth in this industry. With the integration of IoT and other connecting technologies in healthcare, their access to immediate and long-term pain-relieving medications has increased. This further contributes to the expansion by providing direct access to easily available options, particularly OTC products.

The surge in the painkillers market is also influenced by the growing population of aged people across the world. They often are diagnosed with chronic conditions such as osteoarthritis, arthritis, and other painful ailments, which require access to regular medication to offer relief. According to a WHO report published in October 2024, the global population of 60 years or more old people is expected to reach 2.1 billion by 2050. The number of 80-year-old people is also estimated to triple, accounting to be 426 million in 2050. This will increase the incidence rate of common painful diseases, creating a huge consumer base for pain medications and other relieving modalities.