Pain relievers are also called Analgesics. These are a class of medications designed specifically to relieve pain. Analgesics are often being used to get relief in abdominal pain, arthritis, back pain, carpal tunnel syndrome, fibromyalgia, hip pain, knee pain, foot pain, lupus, migraine, nerve pain, osteoarthritis, and rheumatoid arthritis. Non-Steroidal Anti-inflammatory Drugs (NSAIDs) is a major class of analgesics available OTC across the globe. The global Topical Pain Relief market is projected to grow at a CAGR of 4.7% during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the rising cases of chronic pain conditions along with the people across the globe.
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The global Topical Pain Relief market is segmented on the basis of type, drug class, and formulation type. Based on the type, the market is segmented as prescribed and over the counter (OTC). Based on the drug class, the market is segmented as non-opioids and opioids. Based on the formulation type, the market is segmented as creams, gels, roll-ons, sprays, sticks, patches, and others. The other segment includes foams and oils.
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The global topical pain relief market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to hold a significant market share. The US and Canada are the major economies primarily contributing to the growth of the topical pain relief market in the region. The regional growth of the market is accredited to the presence of well-established healthcare facilities in the region along with the rising prevalence of chronic pain owing to the growing geriatric population in the region. Besides, the presence of the key players operating in the region also contributes to the growth of the market. Players such as GlaxoSmithKline Plc, Johnson & Johnson Services Inc., Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc, Sanofi SA, Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd. are substantially supporting the regional growth during the forecast period.
Global Topical Pain Relief Market – Segmentation
by Type
Prescribed
Over the Counter (OTC)
by Drug Class
Non-Opioids
Opioids
by Formulation Type
Creams
Gels
Roll-Ons
Sprays
Sticks
Patches
Others (Foams, Oils)
Global Topical Pain Relief Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
AdvaCare Pharma
Chattem, Inc.
Emami Group
Exzell Pharma Inc.
GlaxoSmithKline Plc
Hisamitsu Pharmaceutical Co., Inc.
Johnson & Johnson Services Inc.
Novartis AG
Pfizer Inc.
Reckitt Benckiser Group Plc
Sanofi SA
Sun Pharmaceutical Industries Ltd.
Teva Pharmaceutical Industries Ltd.
The Himalayan Drug Co.
Topical BioMedics, Inc.
Troy Healthcare LLC
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