The Argentine pain management drugs market is projected to grow at a compound annual growth rate (CAGR) of 4.32% from 2025 to 2030.
The increasing prevalence of chronic diseases and the aging population drive the growth of the pain management drugs market in Argentina. Osteoarthritis, cancer, and neuropathic pain are becoming increasingly prevalent conditions, especially among the elderly population, which is more prone to suffering from pain-related disorders. For example, a 2022 American College of Rheumatology study reported a 29% increase in knee osteoarthritis cases in Argentina, which boosts the demand for pain-relieving drugs such as non-steroidal anti-inflammatory drugs (NSAIDs).
The number of patients suffering from chronic diseases, including cardiovascular diseases, is increasing continuously. According to the World Health Organization, the total prevalence of diabetes in Argentina is 10.2% of the country’s total population. The above factors are boosting the demand for pain management drugs to treat various causes of pain that patients feel due to these diseases.
The expanding diabetic population in this country is contributing to the growing incidence of severe heart diseases and strokes. This, in turn, is fueling the number of surgical procedures being performed, thus augmenting the demand for post-operative pain management drugs in the country.
High dominance of the domestic pharmaceutical industry is also contributing to the pain management drugs market growth, as the locally produced drugs are way cheaper than the imported ones. According to the INDEC (National Institute of Statistics and Census), 70% of the domestic market turnover was made up of local manufacturers, whereas the remaining 30% accounted for resold imports.
The aging population, along with increased education about chronic pain, further raises the demand for treatments. Furthermore, enhanced healthcare infrastructure and pharmaceutical availability are also crucial factors. Argentina's robust public health system, fostered by government subsidies and regulations, improves the availability of medications, even though there are challenges such as price controls.
Urbanization and rising healthcare spending also promote access to pain treatment therapies, especially in urban areas. These advantages, along with heightened emphasis on non-opioid products owing to international fear of opioid abuse, set Argentina's pain management drugs market for robust growth, consistent with local trends in Latin America.
Argentina Pain Management Drug Market Segmentation