Rising Incidence Of Arthritis And Bone-Related Disorders Fuels The Surge In Topical Pain Relief Market: An Emerging Driver Transforming The Topical Pain Relief Market Landscape

The Topical Pain Relief Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Topical Pain Relief Market Size During the Forecast Period?
In recent times, an impressive growth has been observed in the market size of topical pain relief. It is projected to expand from a value of $10.74 billion in 2024 to an estimate of $11.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Variables such as the incidence of chronic ailments, sports-related injuries, familiarization with online pharmacies, rising occurrences of arthritis, as well as an increasing elderly population have all contributed significantly to this historical growth trend.

Expectations are high for substantial expansion in the topical pain relief market in the coming years. It is projected to reach a worth of $14.45 billion by 2029, experiencing a compound annual growth rate (CAGR) of 5.8%. The anticipated growth over this period can be linked to several factors such as the rising incidences of joint and arthritis pain, higher usage among athletes, growing embrace of pain management devices and patches, expansion of e-commerce platforms, and an increase in drug discovery and escalating health care expenses. Major trends to look out for in this forecast period encompass a rise in cancer patients, easy accessibility of products, the emergence of home delivery services, growth in the number of people engaging in sports activities, and innovation in product formulations.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13744

What Are the High-Growth Segments in the Topical Pain Relief Market?
The topical pain relief market covered in this report is segmented -

1) By Type: Prescription Pain Relief, Over-The-Counter (OTC) Pain Relief
2) By Formulation: Cream, Gel, Spray, Patch, Other Formulations
3) By Therapeutic: Non-Opioids, Opioids
4) By Distribution Channel: Pharmacies And Drug Stores, E-Commerce, Retail And Grocery Stores

Subsegments:
1) By Prescription Pain Relief: Prescription Creams And Gels, Prescription Patches, Compounded Topical Analgesics
2) By Over-The-Counter (OTC) Pain Relief: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Counterirritants, Analgesic Creams And Gels

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13744&type=smp

What Key Drivers Are Expected to Influence Future Topical Pain Relief Market Growth?
The escalating occurrence of arthritis and disorders related to bones is anticipated to boost the expansion of the topical pain relief market in future. These medical conditions impact the bones, joints, and associated tissues. To manage the localized pain, swelling, and discomfort linked with these ailments, especially in shallow joints, topical pain relief is commonly utilized. For instance, as per the data from February 2024 reported by a US-based health safety agency, Centers for Disease Control and Prevention (CDC), the prevalence of arthritis in adults in 2022 was 18.9%, being more prevalent among women (21.5%) than men (16.1%). The occurrence went up with age, reaching its peak at 53.9% in individuals aged 75 and above, and was more common among both Black and White non-Hispanic adults. However, rates dropped with increased income and in city areas. Consequently, the increasing occurrence of arthritis and bone-related disorders is pushing the growth of the topical pain relief market.

Which Companies Hold the Largest Share Across Different Topical Pain Relief Market Segments?
Major companies operating in the topical pain relief market report are Pfizer Inc., Johnson & Johnson, Abbvie Inc., Bayer AG, Novartis AG, Sanofi S.A., Bristol Myers Squibb Co., GlaxoSmithKline PLC, Acella Pharmaceuticals LLC, Eli Lilly and Company, Reckitt Benckiser Group PLC, Viatris Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Astellas Pharma Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Galderma S.A., Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Limited, Cipla Ltd., Lupin Limited, Almirall S.A., AdvaCare Pharma, Roivant Sciences Inc., Topical BioMedics Inc.

What Trends Are Driving Growth in The Topical Pain Relief Market?
Major businesses in the topical pain relief market are concentrating their efforts on creating new products like pain-relieving creams to satisfy the increasing need for efficient pain relief solutions. Pain-relieving creams are exterior applications, which provide deep pain relief, helping to alleviate minor joint and muscle discomfort. For example, Kenvue Inc., a consumer health company based in the US, introduced Tylenol, a new topical pain-alleviating cream in August 2023. It offers maximum-strength lidocaine (4%) over the counter and it's available in two variants: a rapid-absorbing formula and a specially crafted rollerball for a mess-free application without using hands. The fragrance-free cream is available in various fresh scents for unobtrusive application. Additionally, its properties allow maximum-strength lidocaine to deliver fast and targeted pain relief, serving customers seeking effective and convenient options.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/topical-pain-relief-global-market-report

What Are the Emerging Geographies for The Topical Pain Relief Market Growth?
North America was the largest region in the topical pain relief market in 2024. The regions covered in the topical pain relief market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Topical Pain Relief Market?
2. What is the CAGR expected in the Topical Pain Relief Market?
3. What Are the Key Innovations Transforming the Topical Pain Relief Industry?
4. Which Region Is Leading the Topical Pain Relief Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.