Topical Pain Relief Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Topical Pain Relief Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A4441
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Market Overview:

The global topical pain relief market reached a value of US$ 9.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2027, exhibiting a CAGR of 5.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Topical preparations for pain relief are generally available in the form of liquids, gels, powders, creams, semisolids, emulsions, patches, foams, or aerosols. They are applied on or around the site of pain or inflammation in case of strains, sprains, tendinopathy, muscle aches, and osteoarthritis. They gradually enter the bloodstream and keep the blood levels relatively constant for a certain period. At present, pharmaceutical companies around the world are focusing on developing new routes of drug administration for providing personalized treatments to patients without decreasing the efficacy of topical analgesic or pain-relieving drugs.

Topical Pain Relief Market Trends:

The increasing prevalence of chronic pain on account of diabetic neuropathy, arthritis, multiple sclerosis, fibromyalgia, and shingles represents one of the significant factors escalating the demand for topical pain relief medications across the globe. Apart from this, the rising number of individuals participating in sports activities is also positively influencing the sales of topical pain relief medications worldwide. Moreover, the growing number of cancer patients is resulting in the increasing sales of topical pain relievers via e-commerce platforms. Furthermore, leading pharmaceutical companies are introducing topical painkillers or analgesics for managing the pain of cancer patients. They are also focusing on the development of medications that simplify treatment and reduce adverse effects. This is anticipated to expand the applications of topical pain relief medications amongst elderly and pediatric populations, as well as individuals who are intolerant to other routes of administration.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global topical pain relief market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on therapeutic class, formulation, type and distribution channel.

Breakup by Therapeutic Class:

  • Non-Opioids
  • Opioids
     

Breakup by Formulation:

  • Cream
  • Gel
  • Spray
  • Patch
  • Others
     

Breakup by Type:

  • Prescription Pain Relief
  • Over the Counter (OTC) Pain Relief
     

Breakup by Distribution Channel:

  • Pharmacy and Drug Stores
  • Retail Stores
  • Online Stores
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advacare Pharma, Exzell Pharma Inc., Glaxosmithkline Plc, Johnson & Johnson, Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc, Sanofi S.A., Sun Pharmaceutical Industries Limited and Topical Biomedics Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
 Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Therapeutic Class, Formulation, Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advacare Pharma, Exzell Pharma Inc., Glaxosmithkline Plc, Johnson & Johnson, Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc, Sanofi S.A., Sun Pharmaceutical Industries Limited and Topical Biomedics Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global topical pain relief market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global topical pain relief market?
  • What are the key regional markets?
  • What is the breakup of the market based on the therapeutic class?
  • What is the breakup of the market based on the formulation?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global topical pain relief market and who are the key players?
  • What is the degree of competition in the industry?

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Topical Pain Relief Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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