The global topical pain relief market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). The rising prevalence of arthritis in many regions of the world has led to a surge in demand for topical pain relievers. Companies in the worldwide topical pain relief market will be able to generate income as a result of this factor. Additionally, the industry is expected to gain promising pathways as the number of people living with additional joint diseases rises. Different bone-related disorders are more common in the elderly population. As a result, the global expansion in this population is likely to benefit the growth of the topical pain relief market over the forecast period. In recent years, there has been a dramatic increase in public knowledge of non-opioid side effects. Furthermore, the number of persons suffering from chronic pain is rising. These factors are propelling the global topical pain relief market forward.
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For instance, in 2021, AdvaCare offers Diclofenac cream is a nonsteroidal anti-inflammatory medication used to treat pain and other symptoms of arthritis of the joints (e.g. osteoarthritis), such as inflammation, swelling, stiffness, and joint pain. Diclofenac cream is a topical solution used to treat pain and swelling caused by osteoarthritis of the knees. For instance, in 2020 FDA approves GSK’s Advil Dual Action with Acetaminophen for over-the-counter use in the US. It is a combination of ibuprofen and acetaminophen for pain relief, the benefits of both active ingredients when safely treating their headaches, muscle aches, backaches, arthritis, and other joint pain.
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Market Coverage
Segment Covered-
- By Formulation
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including AdvaCare Pharma, Cipla Health Ltd., Exzell Pharma, GlaxoSmithKline Plc. Novartis AG, and Others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Topical pain Relief Market Report Segment
By Formulation
- Cream
- Gel
- Spray
- Others (Patch)
By Distribution Channel
- Online
- Offline
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