About Topical Pain Relief
Topical pain relief medications comprises pain killers which are directly applied, sprayed or rubbed on the skin over painful muscles or joints. Topical pain relief medications are intended to relieve pain as they contain different ingredients like capsaicin, opioids, salicylates, nonsteroidal anti-inflammatory drugs (NSAIDS), as well as others. These products have a cooling or heating effect which stimulate the nerves near the pain point & so relieve the pain. When pain is localized, patients greatly prefer topical treatments as adjunctive therapy that can be as effective as oral treatments & cause fewer side effects.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 7.3% |
Analyst at AMA Research estimates that United Kingdom, and United States Players will contribute the maximum growth to Global Topical Pain Relief market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novartis International AG (Switzerland), Johnson & Johnson (United States), GlaxoSmithKline plc. (United Kingdom), Pfizer Inc. (United States), Reckitt Benckiser Group Plc. (United Kingdom), Sanofi S.A. (France), Topical BioMedics, Inc. (United States), AdvaCare Pharma (United States), Sun Pharmaceutical Industries Limited (India) and Troy Healthcare, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Emami Group (India), Exzell Pharma Inc. (Canada) and Performance Health Technologies, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Topical Pain Relief market by Type (Prescription Pain Relief Products and Over-the-counter (OTC) Pain Relief Products), Application (Pets, Mammals and Farm Animals) and Region.
On the basis of geography, the market of Topical Pain Relief has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. If we see Market by Distribution Channel, the sub-segment i.e. Pharmacies & Drug Stores will boost the Topical Pain Relief market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Formulation, the sub-segment i.e. Cream will boost the Topical Pain Relief market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Therapeutic Class, the sub-segment i.e. Non-Opioids will boost the Topical Pain Relief market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for topical pain relief products by sportsperson
Market Growth Drivers:
Increase in Prevalence of Arthritis, Increasing geriatric population and Slighter Side Effects Caused by Topical Pain Relief Products in Comparison with Oral Medicines
Restraints:
Skin Irritants Caused by Topical Pain Relief
Opportunities:
Arrival of online pharmacy and Opportunities in emerging markets
Market Leaders and their expansionary development strategies
In March 2019, Alcon, a division of Novartis, announced that it has acquired PowerVision, Inc. Acquired Company is a private, United States based medical device development company that focuses on creating fluid-based intraocular lens implants. This acquisition supports Alcon's commitment to bring this innovative, accommodating lens to cataract patients throughout the world.
Analyst View
By therapeutic class, the global topical pain relief market is segmented into non-opioids [capsaicin, nonsteroidal anti-inflammatory drugs (NSAIDS), methyl salicylate, lidocaine, other non-opioids] and opioids [buprenorphine and fentanyl]
Key Target Audience
Topical Pain Relief Product Manufacturers, Healthcare Service Providers, Distributors and Suppliers, Research Laboratories and Academic Institutes, Original Equipment Manufacturers (OEMs), Market Research Companies, Raw Materials Suppliers, Government, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.