Global Topical Pain Relief Market Expected to Reach ,276 million, Globally, b
Posted by pooja on May 29th, 2019
According to a new report published by Allied Market Research, titled, Topical Pain Relief Market, by Therapeutic Class, Type, Formulation, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global topical pain relief market was valued at ,481 million in 2017, and is projected to reach ,276 million in 2025, registering a CAGR of 7.4% from 2017 to 2025.
High prevalence of different types of pain cases and upsurge in adoption of topical based therapy have driven the growth of the market for topical pain relief in the recent years. Recently, a paradigm shift has been observed in the development of personalized medications, as this type of products offers additional advantages for patients, in terms of safety. Furthermore, increase in availability of online topical pain relief products is anticipated to fuel the market growth during forecast period.â€
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The global topical pain relief market is segmented based on therapeutic class, type, formulation, distribution channel, and region. On the basis of therapeutic class, the market is segmented into non-opioids and opioids. The non-opioids segment is further divided into nonsteroidal anti-inflammatory drugs (NSAIDS), methyl salicylate, capsaicin, lidocaine, and other non-opioids. The opioids segment is further bifurcated into buprenorphine and fentanyl. Non-opioids segment accounted for the largest topical pain relief market share in 2017, and is expected to continue this trend throughout the forecast period owing to high preferability and availability of non-opioids drugs.
key players of this topical pain relief market include Johnson & Johnson, Novartis AG, GlaxoSmithKline Plc., Pfizer Inc., Reckitt Benckiser Group Plc., Sanofi S.A., Topical BioMedics, Inc., AdvaCare Pharma, Sun Pharmaceutical Industries Ltd., and Nestle S.A.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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Joined: May 29th, 2019
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