The latest report by MarkNtel Advisors, titled “Topical Pain Relief Market Report 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 and Fentanyl]), By Formulation (Cream, Gel, Spray, Patch), By Distribution Channel (Pharmacy Drug Store, E-Commerce, Others) other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Topical Pain Relief Market research report.
What is the market outlook for Topical Pain Relief?
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.
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Major Companies Operating in the Topical Pain Relief Industry:
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
Topical Pain Relief Market Report Segmentation:
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
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/global-topical-pain-relief-market.html
Regional Insights:
- North America: USA, Canada, Mexico
- Europe: Germany, UK, France, Italy, Spain, The Netherlands, Norway
- Asia-Pacific: China, India, Japan, South Korea, Australia, New Zealand
- South America: Brazil, and Argentina
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Turkey
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.
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