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The Global Topical Pain Relief Market was valued at USD 9.5 Billion 2022 and is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28.
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Global Topical Pain Relief Market Research Report: Forecast (2023-2028) Get a Free Updated Sample of the Report:- (2025-2030) MARKNTEL ADVISORS
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Market Insights The Global Topical Pain Relief Market was valued at USD 9.5 Billion 2022 and is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28. Due to the rising incidences of arthritis, specifically osteoarthritis, surging technological advancements in transdermal patches for pain management, and burgeoning investments by pharmaceutical companies & government organizations for R&D activities, the market is likely to receive a rise. As growth in understanding online pharmacy with the increasing number of internet users choosing to buy topical therapeutics online, the expansion of online platforms and people’s inclination towards buying their medications online is likely to benefit the market.
Market Restraint Side Effects Associated with Topical Pain Relief Side Effects Associated with Topical Pain Relief Products opioids are used usually in joint and pain treatment including, back pain, muscle tenderness, headache, and also in pain associated with cancer ailments, these medications also pose some hazardous side effects such as nausea, mild concussions, breathing complications, and more. Also, the unpleasant odor of such topical therapeutics is disliked and could cause nausea or irritation in the eyes and nose, along with skin irritation. The expanding knowledge and awareness about such side-effects are likely to restrain the market growth. Products - - Though
Market Segments By Type (Prescription Pain Relief, Over-The-Counter Pain Relief), By Therapeutic Class (Non-Opioids [Nonsteroidal Anti- Inflammatory Drug, Methyl Salicylate, Capsaicin, Lidocaine], Opioids [Buprenorphine and Fentanyl]), By Formulation (Cream, Gel, Spray, Patch), By Distribution Channel (Pharmacy Drug Store, E-Commerce, Others), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa),
Top Companies AdvaCare Pharma, GlaxoSmithKline plc., Sanofi, Johnson & Johnson, Novartis AG, Reckitt Benckiser Group plc, Sun Pharmaceutical Industries Ltd., Pfizer Inc., Topical BioMedics, Inc. (Topricin), Exzell Pharma, Emami Group
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MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”
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