Market Overview:
The global topical pain relief market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic pain, rising geriatric population, and growing demand for non-opioid analgesics. In terms of type, the non-opioid analgesics segment is expected to dominate the global topical pain relief market during the forecast period. This can be attributed to their high efficacy and safety as compared to opioids. In terms of application, pharmacies and drug stores are expected to hold a major share of the global topical pain relief market during the forecast period owing to their widespread presence across regions.
Product Definition:
Topical pain relief is a type of medication that is applied directly to the skin in order to relieve pain. This type of medication can be used to treat a variety of conditions, including muscle aches, joint pain, and menstrual cramps. Topical pain relief can also be used to provide relief from the symptoms of certain skin conditions, such as psoriasis and eczema.
Non-Opioids:
Non-opioids topical pain relief market is expected to grow at a lucrative rate over the forecast period owing to factors such as rising prevalence of chronic and acute pain, increasing awareness among patients & healthcare professionals, government initiatives for creating awareness about non-opioids alternatives for pain management along with favorable reimbursement policies.
According to the American Pain Foundation (APF), in 2017, around 50 million adults in U.
Opioids:
Opioids are natural or synthetic drugs that act on the central nervous system (CNS) to produce morphine-like effects. Opioids can be administered through various routes including oral, intravenous, and injectable. The most commonly used opioids are hydrocodone (Vicodin), oxycodone (OxyContin), and fentanyl.
Application Insights:
Based on the application, the market is segmented into pharmacies and drug stores, e-commerce, retail and grocery stores. The e-commerce segment dominated the market in 2017 owing to factors such as increasing product availability at competitive prices along with easy access to information regarding new products. Moreover, topical analgesic patches can be purchased through online channels without prior consultation with a pharmacist which further increases their penetration rate among consumers.
The retail and grocery store segment is expected to witness significant growth over the forecast period due to rising consumer awareness regarding pain management coupled with an increase in demand for topically applied drugs among consumers seeking relief from acute pain caused by sports injuries or arthritis. In addition, this industry has witnessed growing adoption of transdermal forms of opioids which are available only through prescription due to high patient riskiness involved in taking oral pills; these factors are anticipated to boost its growth over next seven years.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of key players and high awareness levels coupled with relatively higher disposable income. The region is expected to maintain its dominance over the forecast period due to factors such as increasing prevalence of chronic pain, rising adoption of topical products, and growing preference for natural alternatives.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to an increase in per capita income leading towards improved healthcare facilities along with growing penetration by international players into untapped areas. Moreover, government initiatives promoting better health are expected favorably impact growth over coming years. For instance, ‘Healthy India’ campaign launched by Indian prime minister Narendra Modi aims at creating awareness about various diseases and their prevention through good hygiene practices among people aged 5-75 years thereby boosting regional growth prospects in near future.
Growth Factors:
- Increasing prevalence of chronic pain conditions: The global prevalence of chronic pain is estimated to be around 20%. This number is expected to grow as the population ages, and more people are diagnosed with conditions like arthritis and fibromyalgia. This will create a larger pool of potential customers for topical pain relief products.
- Advances in technology: With the advent of new technologies like nanotechnology, researchers are able to develop more effective and targeted topical pain relief products. This will help boost the market growth as consumers become more aware of these products and their benefits.
- Growing awareness about natural remedies: There is a growing trend among consumers towards using natural remedies for various health issues, including chronic pain management. Topical analgesics that contain natural ingredients are likely to benefit from this trend.
Scope Of The Report
Report Attributes
Report Details
Report Title
Topical Pain Relief Market Research Report
By Type
Non-Opioids, Opioids
By Application
Pharmacies and Drug Stores, e-Commerce, Retail and Grocery Stores
By Companies
Johnson and Johnson, Novartis AG, GlaxoSmithKline Plc., Pfizer Inc., Reckitt Benckiser Group Plc., Sanofi S.A., Topical BioMedics, AdvaCare Pharma, Sun Pharmaceutical Industries Ltd., Nestle S.A.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Topical Pain Relief Market Report Segments:
The global Topical Pain Relief market is segmented on the basis of:
Types
Non-Opioids, Opioids
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmacies and Drug Stores, e-Commerce, Retail and Grocery Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson and Johnson
- Novartis AG
- GlaxoSmithKline Plc.
- Pfizer Inc.
- Reckitt Benckiser Group Plc.
- Sanofi S.A.
- Topical BioMedics
- AdvaCare Pharma
- Sun Pharmaceutical Industries Ltd.
- Nestle S.A.
Highlights of The Topical Pain Relief Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-Opioids
- Opioids
- By Application:
- Pharmacies and Drug Stores
- e-Commerce
- Retail and Grocery Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Topical Pain Relief Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Topical pain relief is a type of medication that is applied to the skin. It can be used to relieve pain from conditions such as arthritis, headaches, and menstrual cramps. Topical medications are often easy to apply and do not require a prescription.
Some of the major companies in the topical pain relief market are Johnson and Johnson, Novartis AG, GlaxoSmithKline Plc., Pfizer Inc., Reckitt Benckiser Group Plc., Sanofi S.A., Topical BioMedics, AdvaCare Pharma, Sun Pharmaceutical Industries Ltd., Nestle S.A..
The topical pain relief market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Topical Pain Relief Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Topical Pain Relief Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Topical Pain Relief Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Topical Pain Relief Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Topical Pain Relief Market Size & Forecast, 2018-2028
4.5.1 Topical Pain Relief Market Size and Y-o-Y Growth
4.5.2 Topical Pain Relief Market Absolute $ Opportunity
Chapter 5 Global Topical Pain Relief Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Topical Pain Relief Market Size Forecast by Type
5.2.1 Non-Opioids
5.2.2 Opioids
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Topical Pain Relief Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Topical Pain Relief Market Size Forecast by Applications
6.2.1 Pharmacies and Drug Stores
6.2.2 e-Commerce
6.2.3 Retail and Grocery Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Topical Pain Relief Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Topical Pain Relief Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Topical Pain Relief Analysis and Forecast
9.1 Introduction
9.2 North America Topical Pain Relief Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Topical Pain Relief Market Size Forecast by Type
9.6.1 Non-Opioids
9.6.2 Opioids
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Topical Pain Relief Market Size Forecast by Applications
9.10.1 Pharmacies and Drug Stores
9.10.2 e-Commerce
9.10.3 Retail and Grocery Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Topical Pain Relief Analysis and Forecast
10.1 Introduction
10.2 Europe Topical Pain Relief Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Topical Pain Relief Market Size Forecast by Type
10.6.1 Non-Opioids
10.6.2 Opioids
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Topical Pain Relief Market Size Forecast by Applications
10.10.1 Pharmacies and Drug Stores
10.10.2 e-Commerce
10.10.3 Retail and Grocery Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Topical Pain Relief Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Topical Pain Relief Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Topical Pain Relief Market Size Forecast by Type
11.6.1 Non-Opioids
11.6.2 Opioids
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Topical Pain Relief Market Size Forecast by Applications
11.10.1 Pharmacies and Drug Stores
11.10.2 e-Commerce
11.10.3 Retail and Grocery Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Topical Pain Relief Analysis and Forecast
12.1 Introduction
12.2 Latin America Topical Pain Relief Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Topical Pain Relief Market Size Forecast by Type
12.6.1 Non-Opioids
12.6.2 Opioids
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Topical Pain Relief Market Size Forecast by Applications
12.10.1 Pharmacies and Drug Stores
12.10.2 e-Commerce
12.10.3 Retail and Grocery Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Topical Pain Relief Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Topical Pain Relief Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Topical Pain Relief Market Size Forecast by Type
13.6.1 Non-Opioids
13.6.2 Opioids
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Topical Pain Relief Market Size Forecast by Applications
13.10.1 Pharmacies and Drug Stores
13.10.2 e-Commerce
13.10.3 Retail and Grocery Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Topical Pain Relief Market: Competitive Dashboard
14.2 Global Topical Pain Relief Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson and Johnson
14.3.2 Novartis AG
14.3.3 GlaxoSmithKline Plc.
14.3.4 Pfizer Inc.
14.3.5 Reckitt Benckiser Group Plc.
14.3.6 Sanofi S.A.
14.3.7 Topical BioMedics
14.3.8 AdvaCare Pharma
14.3.9 Sun Pharmaceutical Industries Ltd.
14.3.10 Nestle S.A.
