Markntel Advisors’ report, Topical Pain Relief Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Topical Pain Relief presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Topical Pain Relief Market Research Report & Market Summary:
The Global Topical Pain Relief Market was valued at USD 9.5 Billion 2022 and is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28. Due to the rising incidences of arthritis, specifically osteoarthritis, surging technological advancements in transdermal patches for pain management, and burgeoning investments by pharmaceutical companies & government organizations for R&D activities, the market is likely to receive a rise. As growth in understanding online pharmacy with the increasing number of internet users choosing to buy topical therapeutics online, the expansion of online platforms and people’s inclination towards buying their medications online is likely to benefit the market.
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Topical Pain Relief Market Dynamics:
Key Driver-
Growing Prevalence of Arthritis, Chronic Disease, And Diabetic Neuropathy – There has been a significant rise in arthritis, other bone-related conditions, and also diabetic neuropathy among people, which is driving the adoption of topical therapeutics, thus acting as the key driver of the topical pain relief market. With the increasing number of people with joint pain problems, especially as the older generation population is increasing, the market is likely to expand further. Also, topical therapeutics provide instant comfort to people with injuries. So, the perpetual amount of accidents in the daily life of people also in various industries is likely to fuel the market growth.
Topical Pain Relief Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Prescription Pain Relief
- Over-The-Counter Pain Relief
By Therapeutic Class
- Non-Opioids
- Nonsteroidal Anti-Inflammatory Drug
- Methyl Salicylate
- Capsaicin
- Lidocaine
- Opioids
- Buprenorphine
- Fentanyl
Here, the Non-opioids therapeutic class accounted for the highest market share in the historic period and is expected to maintain its status throughout the forecasting period.
By Formulation
- Cream
- Gel
- Spray
- Patch
By Distribution Channel
- Pharmacy Drug Store
- E-Commerce
- Others
Of them all, Pharmacy Drug Store acquired the largest market share in recent years and is anticipated to prevail in a similar graph during the forecast period.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
Of them all, Asia-Pacific is anticipated to attain a significant market share during the forecasting period. This growth is accustomed to the augmenting elderly population in several Asian countries, especially in India and China, which would lead to an increase in chronic ailments, and other joint and muscle issues and support the expansion of healthcare and refining of the medical sector.
As indicated in the latest market research report published by Markntel Advisors, “Topical Pain Relief Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Topical Pain Relief industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-topical-pain-relief-market.html
Top Companies Operating in the Topical Pain Relief Market:
- AdvaCare Pharma
- GlaxoSmithKline plc.
- Sanofi
- Johnson & Johnson
- Novartis AG
- Reckitt Benckiser Group plc
- Sun Pharmaceutical Industries Ltd.
- Pfizer Inc.
- Topical BioMedics, Inc. (Topricin)
- Exzell Pharma
- Emami Group.
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Key Report Highlights:
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- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
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