Pain Relief Patches Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Pain Relief Patches market.

Pain relief patch is a medicated adhesive patch that is placed on the skin to deliver a specific dose of medication through the skin and into the bloodstream. Often, this promotes healing to an injured area of the body. An advantage of a transdermal drug delivery route over other types of medication delivery such as oral, topical, intravenous, intramuscular, etc. is that the patch provides a controlled release of the medication into the patient, usually through either a porous membrane covering a reservoir of medication or through body heat melting thin layers of medication embedded in the adhesive.

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Global Pain Relief Patches Market: Forecast by Type / Application / Region

Along with the development of Chinese domestic technology, there is a lot Chinese local manufacturer can produce Pain Relief Patches, with the increasing demand, more and more manufactures will go into Pain Relief Patches industry.

The classification of Pain Relief Patches includes Lidocaine Patches, Diclofenac Patches, Indomethacin Patches, Counter-Irritant Patches, Fentanyl Patches and other, and the proportion of Counter-Irritant Patches in 2016 is about 34.8%.

Transdermal pain-relieving patches frequently contain lidocaine and can promise pain relief from chronic symptoms. The over-the-counter topical pain patches listed below are ideal for providing temporary relief for mild to moderate pain symptoms. These medicated adhesive patches typically come in two varieties of analgesic patches: counter-irritant and fentanyl patches.

China region is the largest supplier of Pain Relief Patches, with a production market share nearly 39.5% in 2016. Japan is the second largest supplier of Pain Relief Patches, enjoying production market share nearly 29.9% in 2016.

China is the largest sales place, with a sales market share nearly 43% in 2016. Following China, North America is the second largest sales place with the sales market share of 16.6%.

Market competition is intense. Hisamitsu, Mylan, Johnson & Johnson, Actavis, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

Over the next five years, LPI(LP Information) projects that Pain Relief Patches will register a 7.7% CAGR in terms of revenue, reach US$ 6840 million by 2023, from US$ 4720 million in 2017.

Global Pain Relief Patches Market: Key Players
Hisamitsu
Mylan
Johnson & Johnson
Actavis
Lingrui
Teikoku Seiyaku
Sanofi
Novartis
Qizheng
Endo
Huarun 999
GSK
Haw Par
Nichiban
Mentholatum Company
Laboratoires Genevrier
BLUE-EMU

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Related Information:
United States Pain Relief Patches Market Research Report 2018
Europe Pain Relief Patches Market Research Report 2018
North America Pain Relief Patches Market Research Report 2018
Asia-Pacific Pain Relief Patches Market Research Report 2018
China Pain Relief Patches Market Research Report 2018
EMEA Pain Relief Patches Market Research Report 2018
Global Pain Relief Patches Market Research Report 2018

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