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Topical Non-Steroidal Anti-Inflammatory Drugs Market research report contains thorough information about target markets or customers. Analytical study of this market report aids in formulating growth strategies to augment sales and build brand image in the market. This market report supports the business to take better decisions for the successful future planning in terms of current and future trends in particular product or the industry. The key factors of Topical Non-Steroidal Anti-Inflammatory Drugs Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming.
NSAIDs are commonly used to treat pain associated with a range of illnesses, including arthritic conditions, but their effectiveness is sometimes restricted by dose-dependent adverse events (AEs) such as gastrointestinal disturbances, cardiovascular events, and renal toxicity. The use of topical formulations, which have the ability to provide analgesic doses locally, at the site of inflammation, while limiting systemic concentrations, could lessen the risk of such side effects. Diclofenac sodium 1.5 percent topical solution (including dimethyl sulfoxide as a penetration enhancer), diclofenac sodium gel 1 percent, and a diclofenac hydroxyethylpyrrolidine 1.3 percent patch are the only topical treatments currently approved in the United States.
Data Bridge Market Research analyses that the topical non-steroidal anti-inflammatory drugs market was valued at USD 2,517.73 million in 2021 and is expected to reach USD 3,776.90 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Nonsteroidal anti-inflammatory drugs (NSAIDs) are creams, gels, rubs, solutions, or sprays that include a nonsteroidal anti-inflammatory agent and are designed to be administered directly to the skin overlaying a painful joint or bone area. They’re used to treat arthritic symptoms including inflammation, edema, and stiffness and decrease pain. Topical nonsteroidal anti-inflammatory drugs (NSAIDs) can also be used to treat actinic keratosis (a precancerous patch of thick, scaly or crusted skin).
Drivers
The rise in prevalence of pain related diseases such as keratosis, osteoarthritis and others is anticipated to flourish the growth rate of the market. Along with this, the growing prevalence of chronic disorders will enhance the demand of topical non-steroidal anti-inflammatory drugs market.
Another significant factor influencing the growth rate of topical non-steroidal anti-inflammatory drugs market is the rising healthcare expenditure which helps in improving its infrastructure.
The surging number of geriatric population will propel the market’s growth rate during the forecast period of 2022-2029. As per the World Ageing 2020 research, the world’s population will be roughly 727 million people aged 65 and up in 2020. In 2050, the number of elderly people is expected to increase to 1.5 billion. The geriatric population is more prone to chronic ailments, which is anticipated to enhance the market’s growth rate.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the topical non-steroidal anti-inflammatory drugs market. Additionally, high disposable income and rising preference of NSAIDs over other class of pain relievers will result in the expansion of topical non-steroidal anti-inflammatory drugs market.
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Some of the major players operating in the topical non-steroidal anti-inflammatory drugs market are:
Topical Non-Steroidal Anti-Inflammatory Drugs Market Scope
The topical non-steroidal anti-inflammatory drugs market is segmented on the basis of indication, dosage form, drug type, age group, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Indication
Drug Type
Dosage Form
Age Group
End-Users
Distribution Channel
The report provides insights on the following pointers:
Critical Insights Related to This Market Included in the Report:
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