Global Topical Pain Relief Market Hits USD 9.5 Billion in 2022, Anticipates 7.5% CAGR Surge by 2028 | Sanofi, Johnson & Johnson, and Novartis AG

Global Topical Pain Relief Market Share Size, and Future Landscape

MarkNtel Advisors, a leading market research company, presents its latest Global Topical Pain Relief Market Research Report 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) and other forecasts [2023-2028]. This well-curated report contains in-depth information about the industry. In this comprehensive study, we have meticulously compiled every critical detail, catering to the Topical Pain Relief Market’s major and minor elements. Our focus extends to factors influencing market growth, encompassing historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could significantly shape the industry’s trajectory in the foreseeable future.

Topical Pain Relief Market Insight:

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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Competitive Landscape – Global Topical Pain Relief Market

This section provides a comprehensive understanding of market dynamics, highlighting the significant contributions of major companies and their strategies for achieving success and sustainability. By examining the competitive landscape, clients can gain valuable insights into the driving forces behind the growth and evolution of the Topical Pain Relief Industry. Let’s familiarize ourselves with the key players in this competitive landscape: 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.

Global Topical Pain Relief Market Trend

Participation of People in Sports and Gym – The trend of having a physical activity or sport as a hobby to maintain the levels of daily physical activities is being adopted rapidly and is on the rise with the influence of social media and the internet. The growing awareness about keeping one healthy is leading to an increase in gym-goers, morning walkers, hikers, etc. This is leading to a surge in sales of topical painkillers or analgesics for managing pain, instant pain relief, and as a precaution in case of future injury or need.

Also for individuals who are intolerant to other routes of administration in treating pain, Topical painkillers provide an alternative effectual solution.  It is advised to have some kind of topical therapeutic medication in hand or in a first aid kit, to prevent delay in treatment and as an instant solution, especially for hikers, campers, and gym goers, which further poses a lucrative growth opportunity for the industry.

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Segmentation Summary – Topical Pain Relief Market

The summary of Topical Pain Relief market segmentation gives a quick look at different parts of the market. It helps businesses understand what customers like and where they are. By breaking down the market into smaller groups based on things like what people buy and where they live, companies can make better plans to sell their products. This summary is a simple guide to understanding the market better. The segmentations of the market are:

By Type

 > Prescription Pain Relief

 > Over-The-Counter Pain Relief

By Formulation

 > Cream

 > Gel

 > Spray

 > Patch

By Distribution Channel

 > Pharmacy Drug Store

 > E-Commerce

 > Others

By Therapeutic Class

 > Non-Opioids

> Opioids

Based on Therapeutic Class: 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. This is owed to the consumer’s preference for non-opioids over opioid drugs for mild to moderate pain treatment as it offers lesser side effects than opioids and leaves no room for substance abuse or addiction.

Geographical landscape

On the geographical front, the Topical Pain Relief Market expands across:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Of all regions globally, 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.

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Key Questions Addressed in this Topical Pain Relief Market Report:

• What are the emerging trends in the Topical Pain Relief Industry?
• What are the growth challenges faced by businesses in the Topical Pain Relief Industry?
• How can companies capitalize on opportunities within the market of Topical Pain Relief?
• What are the regulatory factors impacting the growth of the Topical Pain Relief Market?
• What are some of the top Topical Pain Relief companies in the global market?
• What is the current size of the Topical Pain Relief Market and how much is it will grow in the next few years?

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