Press release
U.S. Topical Pain Relief Market Size, Growth Analysis, Key Players, Share, Research and Forecast 2031
The U.S. topical pain relief market was valued at $2,612 million in 2019, and is projected to reach $3,272 million by 2027 at a CAGR of 3.7% from 2020 to 2027. Increase in prevalence of arthritis and joint pain is the major factor that contributes toward the growth of the topical pain relief market in the U.S. Moreover, other factors that fuel the market growth include growth in geriatric population, lesser side effects caused due to use of topical analgesics as compared to oral pain relief, wide availability of topical pain relieving drugs, and high demand for topical pain relief by sports players. However, topical pain relief medications can cause irritated skin and they have a strong odor or unpleasant smell that impede the market growth. Conversely, development of online platform for the topical therapeutics is expected to provide lucrative opportunities for the market growth.
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Pain is a distressing feeling caused by intense or damaging stimuli and it is one of the most common reasons for physician consultation in the U.S. Analgesics or painkillers are used to reduce and treat body pain. Whenever these analgesics are applied directly to the skin they are known as topical pain relief medications. These include topical administration of drugs such as non-steroidal anti-inflammatory drugs, anesthetics, capsaicin, and opioids. Topical pain relief medications exert peripheral effects near the site of application and minimize the pain.
The report's in-depth market evaluation and examination of patron and furnish chain dynamics traits assist agencies in creating their sales, marketing, and merchandising strategies.
Additionally, the market lookup shed mild on the business's difficulties, market structures, prospects, using forces, and aggressive environment. It helps to acquire a first-rate appreciation of altering enterprise moves earlier than competitors.
The evaluation provides a 360-degree viewpoint and insights, detailing the necessary industrial outcomes. Additionally, these insights useful resource in the improvement of most desirable commercial enterprise planning and the making of well-informed preferences for multiplied profitability. Moreover, the evaluation aids non-public or project gamers in higher comprehending the organizations to make greater knowledgeable selections.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- A comprehensive analysis of factors that drive and restrain the growth of the market is provided.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- AdvaCare Pharma
- GlaxoSmithKline plc (GSK)
- Johnson & Johnson
- Nestle S.A.
- Novartis AG
- Pfizer Inc.
- Reckitt Benckiser Group plc
- Sanofi S.A.
- Sun Pharmaceutical Industries Ltd.
- Topical BioMedics, Inc.
- Cipla Limited
- Glenmark Pharmaceuticals Limited
Additionally, this learn about consists of a aggressive panorama for the enterprise and a strategic profile of the predominant market participants' core strengths.
The customer can use this lookup find out about to higher recognize the predominant drivers and restraints and how they will have an effect on the market for the duration of the forecast period.
The lookup additionally offers a thorough evaluation of the most necessary market dynamics and their most latest developments, as properly as pertinent market segments and sub-segments.
KEY MARKET SEGMENTS
By Therapeutic Class
- Non-opioids
o Nonsteroidal anti-inflammatory drug (NSAIDS)
o Methyl Salicylate
o Capsaicin
o Lidocaine
o Other Non-opioids
- Opioids
o Buprenorphine
o Fentanyl
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By Formulation
- Cream
- Gel
- Spray
- Patch
- Others
By Type
- Prescription Pain Relief
- Over-the-counter (OTC) Pain Relief
By Distribution Channel
- Pharmacy & Drug Store
- e-Commerce
- Retail & Grocery Store
Major areas included in the record are:
Geographically, this find out about is divided into six vital regions, which include North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The record presents for every of these regions, income (MT), income (Million USD), market share, and increase rate.
The main elements defined in the record are:
The evaluation covers the foremost strategic market developments, such as new product launches, partnerships, collaborations, joint ventures, and regional growth of the pinnacle competitors running in the market on a international and regional level.
The file evaluates key market traits such as market price, revenue, capacity, provide and demand, market share, CAGR, and gross margin.
The world market lookup makes use of a wide variety of analytical tactics to exactly find out about and analyze records on the predominant enterprise gamers and their market share.
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