Topical Pain Relief Market is projected to reach USD 9.5 Billion in 2022, with a CAGR of 7.5%

Table of Contents

Market Insights

As per recent research by MarkNtel Advisors, The Global Topical Pain Relief Market size is valued at USD 9.5 Billion in 2022 & is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28.

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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Market Segmentation and Consumer Behavior:

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

By Formulation

Cream
Gel
Spray
Patch

By Distribution Channel

Pharmacy Drug Store
E-Commerce
Others

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Topical Pain Relief Market Geographical Analysis:

By Region :

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

Key Players and Competitive Strategies in the Topical Pain Relief Market

Several prominent players dominate the Topical Pain Relief Market, including:

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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Questions Addressed in this Study

1.What factors are driving the Topical Pain Relief Market growth?

2.How is the Topical Pain Relief Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Topical Pain Relief Market?

4.What is the current size of the Topical Pain Relief Market, and how is it projected to change in the future?

5.What is the future outlook for the Topical Pain Relief Market in terms of technological advancements and market expansion?

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