Press release
Topical Pain Relief Market is Expected to Grow at a CAGR of 5.3% Over the Forecast Period 2024-2031 | GlaxoSmithKline Plc, Novartis AG, Pfizer Inc.
Topical Pain Relief Market
Will the Topical Pain Relief market emerge as the sector's next great thing? To discover the answer, look at the Topical Pain Relief market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the industrial landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Topical Pain Relief market! (2031)
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The Global Topical Pain Relief Market reached US$ 10.5 billion in 2023 and is expected to reach US$ 15.77 billion by 2031, growing at a CAGR of 5.3% during the forecast period 2024-2031.
The Topical Pain Relief Market focuses on products applied directly to the skin to alleviate pain, including creams, gels, sprays, and patches. These treatments target conditions like arthritis, muscle aches, and sports injuries, offering localized and non-invasive pain management. Market growth is driven by rising prevalence of chronic pain, increased sports activities, and demand for over-the-counter, side-effect-free solutions.
Key Players:
Profiles of some of the major players in the global Topical Pain Relief market, which include Johnson & Johnson Services Inc., GlaxoSmithKline Plc, Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc, Sun Pharmaceutical Industries Ltd., Endo International Plc, Teva Pharmaceutical Industries Ltd., Sanofi, Viatris Inc. among others.
Industry Development:
In September 2024, Mankind Pharma made an exciting move into the topical analgesic market with the launch of Nimulid Strong under its consumer business division. This innovative gel and spray formulation is specifically designed to help alleviate neck pain, a condition that can greatly impact daily life and overall mobility.
In April 2022, Jenburkt Wellness, the premium consumer-wellness division of the well-known Jenburkt Pharmaceuticals Ltd, introduced Zixa Strong. This powerful pain-relief range provides quick and lasting relief from muscle and joint pains, making it a go-to solution for those in need of fast-acting relief.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Topical Pain Relief market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.
By Type: Over-the-counter (OTC) Pain Relief, Prescription Pain Relief.
By Therapeutic Class: Opioids, Non-opioids.
By Formulation: Cream, Gel, Spray, Patch and Others.
By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others.
Regional Break out:
The global Topical Pain Relief Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Points Covered:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Topical Pain Relief market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Topical Pain Relief Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Topical Pain Relief market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Topical Pain Relief Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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FAQ's
Q.1. What are the primary drivers of the Topical Pain Relief Industry?
Q.2. What are the main factors propelling and impeding the growth of the Topical Pain Relief market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Topical Pain Relief market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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