Key Companies Covered in the U.S. Topical Pain Relief Market Research are AdvaCare Pharma, GlaxoSmithKline plc (GSK), Johnson & Johnson, Nestle S.A., Novartis AG, -Pfizer Inc., Reckitt Benckiser Group plc, Sanofi S.A., Sun Pharmaceutical Industries Ltd., Topical BioMedics, Inc, Cipla Limited, Glenmark Pharmaceuticals Limited and other key market players.
The U.S. topical pain relief market was valued at $2,612 million in 2019, and is projected to reach $3,272 million by 2027 at a CAGR of 3.7% from 2020 to 2027.
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Pain is a distressing feeling caused by intense or damaging stimuli and it is one of the most common reasons for physician consultation in the U.S. Analgesics or painkillers are used to reduce and treat body pain. Whenever these analgesics are applied directly to the skin they are known as topical pain relief medications. These include topical administration of drugs such as non-steroidal anti-inflammatory drugs, anesthetics, capsaicin, and opioids. Topical pain relief medications exert peripheral effects near the site of application and minimize the pain.
Increase in prevalence of arthritis and joint pain is the major factor that contributes toward the growth of the topical pain relief market in the U.S. Moreover, other factors that fuel the market growth include growth in geriatric population, lesser side effects caused due to use of topical analgesics as compared to oral pain relief, wide availability of topical pain relieving drugs, and high demand for topical pain relief by sports players. However, topical pain relief medications can cause irritated skin and they have a strong odor or unpleasant smell that impede the market growth. Conversely, development of online platform for the topical therapeutics is expected to provide lucrative opportunities for the market growth.
The U.S. topical pain relief market is segmented into therapeutic class, type, formulation, and distribution channel. On the basis of therapeutic class, the market is bifurcated 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.
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The opioids segment is further bifurcated into buprenorphine and fentanyl. On the basis of type, the market is segmented into prescription pain relief and over-the-counter (OTC) relief. On the basis of formulation, the market is classified into cream, gel, spray, patch, and others. The distribution channels covered in the study include pharmacies & drug stores, e-commerce, and retail & grocery stores
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
– A comprehensive analysis of factors that drive and restrain the growth of the market is provided.
– The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Therapeutic Class
– Non-opioids
o Nonsteroidal anti-inflammatory drug (NSAIDS)
o Methyl Salicylate
o Capsaicin
o Lidocaine
o Other Non-opioids
– Opioids
o Buprenorphine
o Fentanyl
By Formulation
– Cream
– Gel
– Spray
– Patch
– Others
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By Type
– Prescription Pain Relief
– Over-the-counter (OTC) Pain Relief
By Distribution Channel
– Pharmacy & Drug Store
– e-Commerce
– Retail & Grocery Store
Table of Content:
- Market Definition and Overview
- Research Method and Logic
- Market Competition Analysis
- Product and Service Analysis
- Strategies for Company to Deal with the Impact of COVID-19
- Market Segment by Type, Historical Data and Market Forecasts
- Market Segment by Application, Historical Data and Market Forecasts
- Market by by Region, Historical Data and Market Forecasts
- Market Dynamic Analysis and Development Suggestions
Key Benefits for Industry Participants & Stakeholders
- The Market Research allows the investors to understand the market size, dynamics, risks, and opportunities in the industry.
- The market research report provides market sizing and forecast over major currencies – USD, EUR, JPY, GBP, and CHF.
- This Market Research Report helps to forecast the revenues and analyze the market trends based on region, product type, and end-use.
- The Market analysis of the market share of the can prove beneficial in terms of profit to the industry’s participants and stakeholders.
Key Questions Answered in the Market Report
- Which Manufacturing Technology is used for Market? What Developments Are Going on in That Technology?
- Which Trends Are Causing These Developments? Who Are the Global Key Players in This Market?
- What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Status of Market? What Was Capacity, Production Value, Cost and PROFIT of Market?
- What Is Current Market Status of market Industry? What’s Market Competition in This Industry, Both Company, and Country Wise?
- What’s Market Analysis of Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit?
- What Will Be Market Share Report, Supply and Consumption? What about Import and Export?
- What Is Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
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