Topical Pain Relief Market By Therapeutic Class (Non-Opioids, Opioids), By Type (Prescription Pain Relief, Over-the-counter (OTC) Pain Relief), By Formulation (Cream, Gel, Spray, Patch), By Distribution Channel (Pharmacies & Drug Stores, E-Commerce) - Bus

Global Topical Pain Relief Market was valued at USD 7,648 Million in the year 2017. Global Topical Pain Relief market is further estimated to grow at a CAGR of 7.34% from 2018 to reach USD 11,698 Million by the year 2023.

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North America region holds the highest market share and Asia Pacific is considered as the fastest growing market in the forecasted period. At the country level, U.S, China and Japan are considered to be the fastest growing market in the coming years owning to high disposable income and growing healthcare industry.

The key manufacturers of topical pain relief products taken in the report are GlaxoSmithKline plc. (U.K), Johnson & Johnson (U.S), Pfizer Inc. (U.S), AdvaCare Pharma (Shanghai),Novartis AG (Switzerland), Nestlé S.A. (Switzerland),Sanofi (France), Sun Pharmaceutical Industries Ltd. (India), Topical BioMedics, Inc. (U.S), and Reckitt Benckiser Group plc (U.K).

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Drivers:

• Growing prevalence of arthritis and bone related health problems
• Growing old age population

Restraints:

• Various side effects associated by using pain relief products

Opportunities:

• Growing demand in sports and athletic players
• Growing awareness of online pharmacy

Challenges:

• Availability of alternative pain management therapies

The global topical pain relief market is segmented based on therapeutic class, type, formulation, distribution channel, and region. On the basis of therapeutic class, the market is segmented into non-opioids and opioids, of these opioids segment accounts for the largest market share and is projected to grow at a moderate CAGR of XX%.

By type, the topical pain relief market is segmented into prescription pain relief and over-the-counter (OTC) relief. Over-the-counter pain relief segment accounted for the largest market share in 2017 due to easy availability and high demand of topical pain relief products by sportsperson. By distribution channel, the market is segmented into pharmacies & drug stores, e-commerce, and retail & grocery stores.

Key Benefits for Stakeholders

• Topical Pain Relief manufacturers
• Pharmaceutical and healthcare companies
• Healthcare Research and associations
• Government & Regulatory agencies and organizations

By Therapeutic Class

Non-Opioids

• Nonsteroidal Anti-Inflammatory Drugs (NSAIDS)
• Methyl Salicylate
• Capsaicin
• Lidocaine
• Other Non-opioids

Opioids

• Buprenorphine
• Fentanyl

By Type

• Prescription Pain Relief
• Over-the-counter (OTC) Pain Relief

By Formulation

• Cream
• Gel
• Spray
• Patch
• Others

By Distribution Channel

• Pharmacies & Drug Stores
• E-Commerce
• Retail & Grocery Stores

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• GlaxoSmithKline plc.
• Johnson & Johnson
• Pfizer Inc.
• AdvaCare Pharma
• Novartis AG
• Nestlé S.A.
• Sanofi
• Sun Pharmaceutical Industries Ltd.
• Topical BioMedics, Inc.
• Reckitt Benckiser Group plc

(A brief overview of 10 companies is also provided in the report.)

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