Global Topical Pain Relief Market Projected to Grow at 5.8% CAGR, Reaching $14.45 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

What Will the Topical Pain Relief Industry Market Size Be by 2025?
The market size for topical pain relief has experienced substantial growth lately. It is predicted to expand from $10.74 billion in 2024 to $11.54 billion in 2025, representing a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth during the historical period include an increase in chronic diseases, a rise in sports-related injuries, familiarity with online pharmacies, a higher incidence of arthritis, and a growing elderly population.

What's the Long-Term Growth Forecast for the Topical Pain Relief Market Size Through 2029?
Anticipated to experience notable expansion in the coming years, the market size for topical pain relief is predicted to reach $14.45 billion in 2029, with a compound annual growth rate (CAGR) of 5.8%. This prospective growth during the forecast period can be linked to the escalating incidences of joint pains and arthritis, a growing demand among athletes, the rising use of pain management devices and patches, the expansion of e-commerce platforms, advancements in drug development and increasing healthcare costs. Future trends that will potentially impact the forecast period consist of a growing number of cancer patients, improved product accessibility, the emergence of home delivery systems, a rising count of individuals engaging in sports, and innovation in product formulations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/topical-pain-relief-global-market-report

What Are the Key Growth Drivers Fueling the Topical Pain Relief Market Expansion?
The increasing instances of arthritis and disorders related to bones are anticipated to drive the expansion of the topical pain relief market in the future. Arthritis and bone-related disorders comprise health issues that concern the bones, joints, and nearby tissues. Topical pain relief is frequently utilized to address these disorders to ease localized pain, inflammation, and discomfort that come with these ailments, especially in more superficial joints. For example, as per the Centers for Disease Control and Prevention (CDC), a health protection agency based in the US, in February 2024, it was reported that 18.9% of adults suffered from arthritis in 2022, and it was more prevalent among women (21.5%) than men (16.1%). The prevalence soared with age, peaking at 53.9% in adults aged 75 and over, and was higher among Black and White non-Hispanic adults. The rates diminished with elevated income and in city regions. Consequently, the growing instances of arthritis and disorders associated with bones are fueling the expansion of the topical pain relief market.

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

What Are the Key Trends Driving Topical Pain Relief Market Growth?
Key players in the topical pain relief market are striving to create innovative offerings, such as pain alleviating creams, to satisfy increasing consumer demand for efficient pain relief solutions. These creams, when applied externally, are known to help mitigate minor joint and muscle discomfort through deep pain relief. For instance, Kenvue Inc., a consumer health firm operating out of the United States, introduced a new topical analgesic cream named Tylenol in August 2023. This highly effective pain-relieving cream contains maximum-strength lidocaine (4%) and does not require a prescription. It is available in two variants: one is a fast-absorbing formulation and the other features a specially designed rollerball for a mess-free and hands-free application. The cream is scentless with an option of a fresh fragrance for unobtrusive usage. Furthermore, it constitutes maximum strength lidocaine ensuring focused and swift pain relief, thereby accommodating consumers in need of efficient and convenient remedies.

How Is the Topical Pain Relief Market Segmented?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13744&type=smp

Which Companies Are Leading the Charge in Topical Pain Relief Market Innovation?
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.

Which Regions Are Leading the Global Topical Pain Relief Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13744

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

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.