Topical Pain Relief Market Report: Trends, Forecast and Competitive Analysis to 2030

Topical Pain Relief Trends and Forecast

The future of the global topical pain relief market looks promising with opportunities in the hospital pharmacy, retail pharmacy, drug store, and online platform markets. The global topical pain relief market is expected to reach an estimated $12.5 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are escalating incidence of arthritis and musculoskeletal conditions, expanding consumer preference for non-pharmacological and non-invasive treatments, and augmenting preference for self-medication.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Topical Pain Relief by Segment

The study includes a forecast for the global topical pain relief by class, form, distributional channel, and region.

Topical Pain Relief Market by Class [Shipment Analysis by Value from 2018 to 2030]:

• Opioids/Narcotics
• Non-Opioids

Topical Pain Relief Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• Sprays
• Patches
• Creams
• Foams

Topical Pain Relief Market by Distributional Channel [Shipment Analysis by Value from 2018 to 2030]:

• Hospital Pharmacies
• Retail Pharmacies
• Drug Stores
• Online Platforms
• Others

Topical Pain Relief Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Topical Pain Relief Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies topical pain relief companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the topical pain relief companies profiled in this report include-

• Johnson & Johnson
• Sanofi
• Topical Biomedics
• Reckitt Benckiser Group
• AdvaCare pharma
• Pfizer
• Novartis
• Sun Pharmaceutical Industries
• Nestle
• GlaxoSmithKline

Topical Pain Relief Market Insights

Lucintel forecasts that opioid/narcotic will remain larger segment over the forecast period.

Within this market, retail pharmacy will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Topical Pain Relief Market

Market Size Estimates: Topical pain relief market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Topical pain relief market size by class, form, distributional channel, and region in terms of value ($B).

Regional Analysis: Topical pain relief market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different classes, forms, distributional channels, and regions for the topical pain relief market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the topical pain relief market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the topical pain relief market size?

Answer: The global topical pain relief market is expected to reach an estimated $12.5 billion by 2030.

Q2. What is the growth forecast for topical pain relief market?

Answer: The global topical pain relief market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the topical pain relief market?

Answer: The major drivers for this market are escalating incidence of arthritis and musculoskeletal conditions, expanding consumer preference for non-pharmacological and non-invasive treatments, and augmenting preference for self-medication.

Q4. What are the major segments for topical pain relief market?

Answer: The future of the topical pain relief market looks promising with opportunities in the hospital pharmacy, retail pharmacy, drug store, and online platform markets.

Q5. Who are the key topical pain relief market companies?

Answer: Some of the key topical pain relief companies are as follows:

• Johnson & Johnson
• Sanofi
• Topical Biomedics
• Reckitt Benckiser Group
• AdvaCare pharma
• Pfizer
• Novartis
• Sun Pharmaceutical Industries
• Nestle
• GlaxoSmithKline

Q6. Which topical pain relief market segment will be the largest in future?

Answer: Lucintel forecasts that opioid/narcotic will remain larger segment over the forecast period.

Q7. In topical pain relief market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the topical pain relief market by class (opioids/narcotics and non-opioids), form (sprays, patches, creams, and foams), distributional channel (hospital pharmacies, retail pharmacies, drug stores, online platforms, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?