Compound Camphor Ointment Market Sluggish Growth Rate Foreseen by 2022-2028

The global compound camphor ointment market is anticipated to grow at a significant CAGR during the forecast period. The ointment is an analgesic, which acts as a temporary reliever in pain and itching. Therefore, it finds significant application in the treatment of fungal infections of cold sores, warts, toenails, osteoarthritis and hemorrhoids. Apart from the growing application, the rising prevalence of diseases that cause pain and itching, such as chest congestion, toenails, cold sores, warts, hemorrhoids, and osteoarthritis, is further likely to drive the growth of the market.

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Another factor propelling the demand for compound camphor ointment includes the rise in the geriatric population, which is more prone to osteoarthritis. It is even a major cause of disability in older population globally. According to the World Health Organization (WHO), 9.6% of men and 18.0% of women aged 60 years or above have symptomatic osteoarthritis. This trend is expected to continue positively, influencing the demand for compound camphor ointment. Additionally, the demand for over the counter (OTC) form of compound camphor ointment is expected to increase during the forecast period, owing to the easy availability of these ointments in retail pharmacies.

Individuals with intense muscle pain choose products that are available OTC. These products facilitate rapid treatment and reduce the recovery time for damaged parts of muscles and joints. The growing demand for this ointment is driven by the cost efficiency of OTC analgesics drugs and increasing awareness amongst patients. Further, its growing demand for headache, muscle strain, bruising, or arthritis are also driving the growth of the market. However, stringent government regulations may restrict the market growth.

Market Coverage

The market number available for - 2022-2028
Base year- 2021
Forecast period- 2022-2028
  Segment Covered- 
By Application
By Deployment Model
By End-User
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape:  DLC Laboratories, Inc., and Thera Wise, among others.

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Global Compound Camphor Ointment Market Report by Segment

By Formulation

Internal Use
Topical Use

By Application

Pain Relief
Fungal Infection
Anti-Itching
Others

Global Compound Camphor Ointment Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East & Africa

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