Global Topical Pain Relief Market Size, Share, Growth Analysis, By Type(Prescription Pain Relief, Over-the-counter (OTC) Pain Relief), By Therapeutic Class(Non-opioids, Nonsteroidal anti-inflammatory drug (NSAIDS)), By Distribution Channel(Pharmacy & Drug Store, e-Commerce) - Industry Forecast 2024-2031

Report ID: SQMIG35I2258 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 95 | Figures: 66

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Global Topical Pain Relief Market size was valued at USD 10.46 billion in 2022 and is poised to grow from USD 11.10 billion in 2023 to USD 17.88 billion by 2031, growing at a CAGR of 6.14% in the forecast period (2024-2031).

The competitive landscape of the global topical pain relief market is characterized by the presence of several key players vying for market share and innovation. Established pharmaceutical giants like Johnson & Johnson, GlaxoSmithKline, Novartis, Pfizer, and Reckitt Benckiser bring decades of industry experience and substantial resources to the forefront. Their extensive research and development capabilities enable them to offer a wide range of advanced topical pain relief products that cater to diverse pain management needs. 'Johnson & Johnson - USA', 'GlaxoSmithKline plc - United Kingdom', 'Novartis AG - Switzerland', 'Pfizer Inc. - USA', 'Reckitt Benckiser Group plc - United Kingdom', 'Sun Pharmaceutical Industries Ltd. - India', 'Endo International plc - Ireland', 'Teva Pharmaceutical Industries Ltd. - Israel', 'Sanofi S.A. - France', 'Mylan N.V. (now part of Viatris Inc.) - USA'

The escalating incidence of chronic pain conditions, such as arthritis, musculoskeletal disorders, and neuropathic pain, is a major driver for the topical pain relief market. Consumers are seeking localized pain management solutions that offer convenience and targeted relief.

Natural and Herbal Ingredients: The market is witnessing a shift towards natural and herbal ingredients in topical pain relief products. Consumers are increasingly seeking products with minimal synthetic components and perceived health benefits.

Notably, North America claimed a significant portion of the market share, with Asia-Pacific closely following suit. However, it is projected that Asia-Pacific will ascend to the forefront of market dominance during the analytical timeframe.

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