Mon, 06 Dec 2021


The new report by Expert Market Research titled, 'Global Topical Pain Relief Market Report and Forecast 2021-2026', gives an in-depth analysis of the global topical pain relief market, assessing the market based on its segments like class, product type, formulation, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/topical-pain-relief-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 9.13 Billion
  • Forecast CAGR (2021-2026): 5%
  • Forecast Market Size (2026): USD 12.23 Billion

The rising prevalence of arthritis and other bone-related diseases and diabetic neuropathy, which causes pain, are driving the global topical pain relief market. A rise in the use of topical pain relievers, which have less side effects than oral pain relievers and an increase in the global geriatric population and demand for topical pain relief among athletes are driving market growth. The development of an online marketplace for topical therapeutics is expected to provide the industry with lucrative growth opportunities. Over the forecast period, the increase in the number of patients receiving long-term treatment for diseases such as skin cancer is expected to propel the market forward.

Industry Definition and Major Segments

Topical painkillers are used to treat muscle pains, sprains, and strains. They can even help with the pain of arthritis. Topical painkillers are often used instead of oral painkillers because they have less side effects.

By class, the market is divided into:

  • Opioids
  • Non-Opioids

Based on product type, the industry can be segmented into:

  • Over The Counter
  • Prescription

The market is divided based on formulation into:

  • Ointment
  • Gel
  • Spray
  • Patch
  • Others

On the basis of distribution channel, the industry can be categorised into:

  • Pharmacies and Drug Stores
  • Retail and Grocery Stores
  • Online
  • Others

Regionally, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/topical-pain-relief-market

Market Trends

The demand for the product has been on a rise and is likely to continue rising with the robust rise in the coming years. Rising business tie-ups and acquisitions are also expected to aid the market growth in the coming years. Increased support from the government is also projected to bolster the market growth in the coming years. In May 2020, the United States granted Troikaa Pharmaceuticals Ltd., based in Ahmedabad, a patent for its novel non-aqueous diclofenac topical solution, branded as Dynapar QPS. DCGI has only ever approved Dynapar QPS as a topical pain reliever for osteoarthritis pain based on positive clinical trial results.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Key Market Players

The major players in the market are Sanofi SA, Novartis AG, GlaxoSmithKline Plc., Reckitt Benckiser Group Plc., and Johnson & Johnson Consumer Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:-

Global Maleic Anhydride Market: https://www.expertmarketresearch.com/reports/maleic-anhydride-market

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.

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Email: sales@expertmarketresearch.com

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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