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Potential Surge in Non-Opioid Pain Patch Market: Major Giants Are Hisamitsu Pharmaceutical Co. Inc., Pfizer Inc., Novartis AG, Sanofi S.A
Non-Opioid Pain Patch Market
The Business Research Company's Non-Opioid Pain Patch Global Market Report 2023 identifies the rising prevalence of chronic pain is the major driver for the non-opioid pain patch market's growth in the forecast period. Chronic pain refers to severe pain that lasts for an extended period or coexists with another medical condition. Non-opioid pain patches are used to relieve mild to moderate pain and treat headaches, muscle aches, arthritis, backaches, and other types of pain. For instance, in May 2021, according to the Centers for Disease Control and Prevention (CDC), a US-based federal agency, In the United States, adults' prevalence of chronic pain ranged from 20.5% to 21.8% between 2019 and 2021, and their prevalence of high-impact chronic pain ranged from 6.9% to 7.8%.
The global non-opioid pain patch market is expected to grow from $3.16 billion in 2022 to $3.34 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-opioid pain patch market is expected to reach $4.03 billion in 2027 at a CAGR of 4.8%.
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Major competitors in the non-opioid pain patch market are Hisamitsu Pharmaceutical Co. Inc., Pfizer Inc., Novartis AG, Sanofi S.A., GlaxoSmithKline plc, Medtronic plc, Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Aurobindo Pharma Limited, Purdue Pharma L.P., Kyowa Kirin Co. Ltd., Boehringer Ingelheim Pharmaceuticals Inc., Dr. Reddy's Laboratories Ltd., Apotex Inc., Endo Pharmaceuticals pl..
A key trend in the non-opioid pain patch market includes product innovation. Major companies operating in the non-opioid pain patches market are developing innovative products to strengthen their position in the market. For instance, in June 2022, The Mentholatum Company Inc., a UK-based healthcare products manufacturer, launched Deep Relief Actiflex Patch, a drug-free pain patch.
Read More On The Global Non-Opioid Pain Patch Market Report Here:
https://www.thebusinessresearchcompany.com/report/non-opioid-pain-patch-global-market-report
The non-opioid pain patch market is segmented -
1) By Patch: Lidocaine Patches, Diclofenac Patches, Capsaicin Patches, Other Patches
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
3) By Indication: Musculoskeletal Pain, Neuropathic Pain
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the non-opioid pain patch market.
The Business Research Company's "Global Non-Opioid Pain Patch Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Non-Opioid Pain Patch Market Include:
1. Executive Summary
2. Non-Opioid Pain Patch Market Characteristics
3. Non-Opioid Pain Patch Market Trends And Strategies
4. Non-Opioid Pain Patch Market - Macro Economic Scenario
5. Non-Opioid Pain Patch Market Size And Growth
……………
27. Non-Opioid Pain Patch Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Non-Opioid Pain Patch Market
29. Non-Opioid Pain Patch Market Future Outlook And Potential Analysis
30. Appendix
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