The global pain management drugs market reached US$ 74 Billion in 2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026. As per the analysis by IMARC Group, the top pain management drugs companies are investing heavily in research and development (R&D) activities to develop analgesics or painkillers that are safer, more effective, economically viable and easier to administer. They have also introduced innovative and advanced therapies and medicines to meet the demand-supply gap for effective neuropathic pain management drugs.
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List of Top 10 Pain Management Companies Worldwide:
Abbott Laboratories Inc.
Headquarter: Chicago, United States
Abbott Laboratories is an American multinational medical device and health care company. It creates products in diagnostics, medical devices, nutrition and branded generic pharmaceuticals that help the community to lead healthier lives. Today, 107,000 employees are working to make a lasting impact on health in more than 160 countries. The company focuses on developing innovative devices for chronic pain and movement disorders and providing more efficient and complete diagnostic solutions.
Headquarter: New York, United States
Pfizer Inc. is an American multinational pharmaceutical corporation that is one of the world's largest pharmaceutical companies listed on the New York Stock Exchange. The company is dedicated to discovering, developing, manufacturing, and marketing prescription medications for humans and animals.
Eli Lilly & Company
Headquarter: Indianapolis, United States
Lilly pursues pharmaceutical innovation, provides high-quality products and strives to deliver superior business results. Recent progress in understanding biology, including the unlocking of the human genome, has unleashed new insights, allowing scientists at Lilly and their partners more power and precision to treat diseases.
Endo International plc
Headquarter: Dublin, Ireland
Endo International plc is a highly focused generics and specialty branded pharmaceutical company. Through their operating companies, namely Endo Pharmaceuticals, Par Pharmaceutical and Paladin Labs, Endo is dedicated to delivering quality medicines to patients in need through excellence in development, manufacturing and commercialization. The company commenced its operations by acquiring certain pharmaceutical products, related rights and assets from The DuPont Merck Pharmaceutical Company. Today, the organization maintains its specialty focus across a range of therapeutic areas, including endocrinology, medical aesthetics, orthopedics, urology & men's health.
F. Hoffmann-La Roche AG
Headquarter: Basel, Switzerland
F. Hoffmann-La Roche strives to create clinically differentiated drugs and diagnostic tests to enable tangible improvements in the health, quality of life and survival of patients. Over the past few years, it has continuously improved the organizational and technological framework for cooperation between pharmaceuticals and diagnostics divisions. Their commitment to research and development (R&D) has integrated solutions in diagnostic testing, laboratory efficiency, healthcare digitalization, and decision support tools and software. The Roche diagnostics business areas include centralized and point of care solutions (CPS), molecular diagnostics, tissue diagnostics, sequencing, diagnostics information solutions (DIS), and diabetes care.
Bausch Health Companies Inc.
Headquarter: Laval, Canada
Bausch Health is focused on delivering commitments to patients, health care providers, stakeholders and society, as they build an innovative company dedicated to advancing global health. The diversified product portfolio offers a core focus on the various therapeutic areas, including eye health (Bausch + Lomb), gastrointestinal diseases (Salix Pharmaceuticals) and dermatology (Ortho Dermatologics). The organization helps discover breakthroughs through a rigorous research and development process, which is critical and ensures that prescription medicines are safe and effective.
Merck & Co. Inc.
Headquarter: Kenilworth, New Jersey, United States
Merck & Co., Inc. is a global healthcare company, known as Merck in the United States and Canada, and as MSD everywhere else. With a steady focus on innovation and science, Merck and Co. delivers vaccines, medications, and animal health products that help millions across the globe. Today, the company has more than 50 prescription products in various therapeutic areas, such as cardiovascular diseases, respiratory diseases, oncology, neuroscience, infectious diseases, immunology and women's health.
Headquarter: Dublin, Ireland
Allergan is now part of AbbVie, which is a research-driven biopharmaceutical company. Together, they are dedicating more to R&D to drive tomorrow’s breakthroughs, while helping people live better lives today. This leading company focuses on discovering, developing and delivering drugs in therapeutic areas, including immunology, oncology, neuroscience and virology.
Novartis International AG
Headquarter: Basel, Switzerland
Novartis was created through a merger of Ciba-Geigy and Sandoz. Novartis and its predecessor companies trace roots back over 250 years, with a rich history of developing innovative products. It conducts clinical trials at locations around the world to determine whether a new treatment is safe. Novartis is currently responding to coronavirus disease (COVID-19) with the safety of associates and patients globally. The company is also contributing to research efforts, supporting communities and ensuring stable supply and price of essential medicines.
Johnson & Johnson
Headquarter: New Brunswick, New Jersey, United States
Today, as the world’s largest and most broadly-based healthcare company, J&J is committed to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within everyone’s reach, everywhere. The Johnson & Johnson Family of Consumer Companies offers a wide range of consumer healthcare products. These include baby care, skin care, oral care, wound care, over-the-counter and women’s health products, which are feature brands trusted by consumers and healthcare professionals worldwide.
Headquarter: Brentford, United Kingdom
GlaxoSmithKline Plc is a science-led global healthcare company with three global businesses that research, develop and manufacture innovative pharmaceutical medicines, vaccines and consumer healthcare products. The company makes a wide range of prescription medicines, vaccines and consumer healthcare products. GSK is closely monitoring the COVID-19 pandemic and is supporting global efforts to tackle the virus. Since the outbreak, the company has been actively exploring ways to help, with their science and expertise, alongside protecting the health and wellbeing of people and managing their global supply chains to support patients and consumers who depend on their products.
Purdue Pharma L.P.
Headquarter: Stamford, Connecticut, United States
Purdue Pharma is founded by physicians who develop and provide prescription medicines that meet the evolving needs of healthcare professionals, patients, and caregivers. It offers a unique portfolio of medical products in four categories: prescription opioids, laxatives, antiseptics and dietary supplements. The Purdue Clinical Research team works with clinical investigators in the United States and around the world to conduct clinical studies on new investigational drugs and pharmaceuticals on the market.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the pain management drugs industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development