Future of Topical Pain Relief Market: Key Dynamics, Size & Share Analysis

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. Due to the rising incidences of arthritis, specifically osteoarthritis, surging technological advancements in transdermal patches for pain management, and burgeoning investments by pharmaceutical companies & government organizations for R&D activities, the market is likely to receive a rise. As growth in understanding online pharmacy with the increasing number of internet users choosing to buy topical therapeutics online, the expansion of online platforms and people’s inclination towards buying their medications online is likely to benefit the market.

Top Opportunity Impacting the Topical Pain Relief Market Growth

With the emergence of e-commerce platforms, the medical industry has also expanded across the globe, digitally resulting in the availability of online pharmacies. Online Pharmacies are developing and expanding in developing countries resulting in easier access to medications, especially topical pain relief medications, which might not always require a prescription and thus is easier to order online. This poses an opportunity for the market in the forecasting years, as with the expansion of online pharmacies, the industry would likely face a surge in demand for pain relief solutions. Also, the plethora of options and new innovative products being provided online would help in the growth of the market.

Understanding the Core Segments in the Topical Pain Relief Market

Topical Pain Relief Market Size, Share & Industry Trends Analysis- By Therapeutic Class (Non-Opioids [Nonsteroidal Anti-Inflammatory Drug, Methyl Salicylate, Capsaicin, Lidocaine], Opioids [Buprenorphine and Fentanyl]), By Formulation (Cream, Gel, Spray, Patch), By Distribution Channel (Pharmacy Drug Store, E-Commerce, Others.

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Geographical Analysis of the Topical Pain Relief Market

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

Of them all, Asia-Pacific is anticipated to attain a significant market share during the forecasting period. 

Who Dominates the Topical Pain Relief Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

  • 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 and others.

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