The global Topical Pain Relief Market is estimated to reach USD xx million by 2025 and is anticipated to grow at a CAGR of xx% during the forecast period, according to a comprehensive study added by Report Ocean.
The report offers an in-depth analysis of major driving factors, segments, regions & countries and key players in the market. Moreover, the report also outlines the competitive scenarios across different geographies along with key developments which include mergers and acquisitions, new product or services development, R&D activities, thus giving insights to the market players about the major regions gaining traction.
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Growth Factors and Restraints
The global topical pain relief market was valued at $7,481 million in 2017 and is projected to reach $13,276 million by 2025 at a CAGR of 7.4% from 2018 to 2025. An increase in the prevalence of arthritis is the major factor that contributes towards the growth of the topical pain relief market. Moreover, other factors that fuel the market growth include growth in geriatric population, lesser side effects caused due to use of topical analgesics as compared to oral pain relief, and high demand for topical pain relief by sports players. However, topical pain relief medications can cause irritated skin and they have a strong odor or unpleasant smell that impede the market growth. Conversely, the development of online platforms for the topical therapeutics and high market potential in untapped emerging economies are expected to provide lucrative opportunities for market growth.
The worldwide Topical Pain Relief market research report provides a deep-dive analysis of the present market situation and future market trends. The analysis provided in the report help the manufacturers, companies, service providers, etc. as a major guiding factor for decision making and analyzing the current and future market situations. The report also analyzes the major players operating in the market.
The global topical pain relief market is segmented into therapeutic class, type, formulation, distribution channel, and region. Based on the therapeutic class, the market is divided into non-opioids and opioids. The non-opioids segment is further divided into nonsteroidal anti-inflammatory drugs (NSAIDS), methyl salicylate, capsaicin, lidocaine, and other non-opioids. The opioids segment is further bifurcated into buprenorphine and fentanyl. Based on type, the market is segmented into prescription pain relief and over-the-counter (OTC) relief. Based on the formulation, the market is classified into cream, gel, spray, patch, and others. The distribution channels covered in the study include pharmacies & drug stores, e-commerce, and retail & grocery stores. Based on the region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
List of major players operating in the Topical Pain Relief market include:
Johnson & Johnson
Reckitt Benckiser Group Plc.
Topical BioMedics, Inc.
Sun Pharmaceutical Industries Ltd.
The study provides an in-depth analysis of the global topical pain relief market with current trends and future estimations from 2018 to 2025 to elucidate the imminent investment pockets.
A comprehensive analysis of the factors that drive and restrict market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
Major segments covered in the Topical Pain Relief Market report include:
By Therapeutic Class
Nonsteroidal anti-inflammatory drug (NSAIDS)
Prescription Pain Relief
Over-the-counter (OTC) Pain Relief
Pharmacies & Drug Stores
Retail & Grocery Stores
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
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Major highlights of the Table of Contents of the study:
- Market Overview & Summary
- Market Dynamics
- Market Share Analysis
- PORTERS Analysis
- PESTEL Analysis
- Value-chain Analysis
Why purchase this report
- The report would provide an in-depth analysis of the current and future market trends
- Analysis of both global, regional and country-level markets
- Key strategic initiatives are taken by major players operating in the market along with ranking analysis for the key players
- Analysis based on historical information along with the current trends to estimate the future of the market
- Analysis of the impact of constantly changing global market scenarios on the market
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