USD 10.46 billion
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), Methyl Salicylate, Capsaicin), By Distribution Channel(Pharmacy & Drug Store, e-Commerce, Retail & Grocery Store), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35I2258 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
95
|Figures:
66
Topical Pain Relief Market Insights
Topical Pain Relief Market size was valued at USD 11.1 Billion in 2023 and is poised to grow from USD 11.78 Billion in 2024 to USD 18.98 Billion by 2032, growing at a CAGR of 6.14% during the forecast period (2025-2032).
The escalation in arthritis prevalence stands as a pivotal driver behind the heightened market revenue of Topical Pain Relief products. Additionally, the expansion of the geriatric demographic and a robust demand for such products among athletes are poised to further nurture market expansion. The global topical pain relief market report offers a comprehensive assessment of the market, encompassing an all-encompassing analysis of essential segments, trends, drivers, restraints, competitive landscape, and pivotal factors shaping market dynamics.
The substantial growth of the global topical pain relief market is significantly propelled by the escalating incidence of arthritis and allied bone conditions, diabetic neuropathy, and cancer-associated pain. Another driving factor is the burgeoning adoption of topical pain relief products, which tend to evoke fewer side effects compared to oral alternatives. The surge in the elderly population globally and an increased preference for topical pain relief among athletes also bolster market growth.
However, certain aspects like potential skin irritation caused by topical pain relief medications and their off-putting odor or smell pose constraints on market expansion. Conversely, the emergence of online platforms for topical therapeutics and their untapped potential in emerging economies create promising growth avenues for the topical pain relief industry. These factors collectively shape the trajectory of the market, underscoring both challenges and opportunities within this dynamic landscape.
US Topical Pain Relief Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Over-the-counter (OTC) Pain Relief
Fastest Growth
Prescription Pain Relief
Growth Rate
6.14% CAGR
Global Topical Pain Relief Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Topical Pain Relief Market Segmental Analysis
The global topical pain relief market is segmented on the basis of therapeutic class, type, distribution channel, formulation, Region. By therapeutic class, non-opioids, nonsteroidal anti-inflammatory drug (NSAIDS), methyl salicylate, capsaicin, lidocaine, other non-opioids, opioids, buprenorphine, fentanyl. By type, the market is segmented into prescription pain relief, over-the-counter pain relief. By distribution channel, the market is segmented into pharmacy & drug store, e-commerce, retail & grocery store. By formulation, the market is segmented into cream, gel, spray, patch, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Topical Pain Relief Market Analysis By Type
The over-the-counter pain relief segment asserts its prominence by capturing the largest market share. This dominance is primarily attributed to the convenience of accessibility and a substantial demand for topical pain relief products, particularly among athletes and sportspersons.
The Over-the-Counter Pain Relief segment's commanding position can be attributed to the non-prescription nature of these products, making them readily accessible to consumers without the need for a doctor's prescription.
This accessibility resonates with the broader consumer base seeking immediate relief from localized pain and discomfort. Moreover, the segment's pronounced popularity among sportspersons underscores their preference for quick-acting, convenient solutions to manage pain associated with physical activity and training.
Topical Pain Relief Market Analysis By Distribution Channel
The pharmacies & drug stores segment is poised to command the most substantial market share throughout the projected period. The prominence of the pharmacies & drug stores segment is rooted in its pivotal role as a traditional and trusted source for pharmaceutical and healthcare products. Additionally, the physical presence of these establishments ensures immediate access to essential products, further augmenting their significance
The proliferation of E-commerce platforms has also significantly impacted the distribution landscape, offering consumers the convenience of purchasing topical pain relief products from the comfort of their homes. The E-Commerce segment capitalizes on the digital shift, appealing to tech-savvy consumers seeking streamlined shopping experiences and doorstep delivery
Global Topical Pain Relief Market By Type
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Topical Pain Relief Market Regional Insights
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.
This anticipated shift in prominence towards Asia-Pacific can be attributed to several pivotal factors. The region boasts a substantial population base, which inherently translates into a robust consumer market for topical pain relief products. Moreover, an escalation in disposable income within the region augments consumer spending capacities, further contributing to market growth
Another noteworthy catalyst is the enhancement in patient awareness about the efficacy of topical pain relief solutions. As individuals become increasingly informed about these products' benefits and accessibility, the demand is set to rise. The expansive geography of Asia, coupled with its role as an epicenter for various life-threatening diseases, underscores the significance of effective pain management solutions, including topical treatments.
In light of these multifaceted dynamics, the Asia-Pacific region emerges as a promising hub for market expansion, driven by a confluence of population demographics, economic factors, and heightened healthcare consciousness.
Global Topical Pain Relief Market By Region
- Largest
- Fastest
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Topical Pain Relief Market Dynamics
Topical Pain Relief Market Drivers
Rising Prevalence of Chronic Pain Conditions
- 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.
Sports and Physical Activities
- The demand for topical pain relief products is amplified by sportspersons and individuals engaged in physical activities. Athletes require quick, localized pain relief solutions to manage muscle soreness, strains, and minor injuries, contributing to market growth.
Topical Pain Relief Market Restraints
Limited Clinical Evidence
- Despite the widespread use of topical pain relief products, there is a need for more robust clinical evidence to validate their efficacy and safety, influencing consumer confidence and adoption.
Skin Sensitivity and Irritation
- Topical Pain Relief products may cause skin sensitivities, allergies, or irritation in some individuals, limiting their usability and potentially dissuading customers from using them.
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Topical Pain Relief Market Competitive Landscape
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.
Emerging players such as Sun Pharmaceutical Industries, Endo International, Teva Pharmaceutical Industries, and Mylan contribute to the competitive ecosystem by introducing novel formulations, delivery methods, and ingredient combinations. These companies often focus on targeting specific pain types, appealing to various consumer preferences, and differentiating their products in a crowded market.
The competitive rivalry extends to factors such as product efficacy, safety profiles, pricing strategies, and distribution channels. Companies strive to enhance consumer trust by investing in clinical research, obtaining regulatory approvals, and adhering to quality standards.
Topical Pain Relief Market Top Player’s Company Profiles
- 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
Topical Pain Relief Market Recent Developments
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In September 2023, NBA Star Giannis Antetokounmpo invested in Flexpower. Thousands of professional athletes in the NBA, NFL, U.S. Women’s Soccer, U.S. Olympics and more purportedly rely on Flexpower topical lotions to get warmed up before games to ease muscle pain, and to speed recovery after tough workouts.
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In June 2023, Silo Pharma announced a new research and development agreement to create a time-release ketamine implant to treat fibromyalgia and other chronic pain conditions. The development-stage biopharma company has a portfolio of therapies in its pipeline that merge traditional therapeutics with the latest psychedelic research in its pipeline.
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In May 2023, ASX-listed Wellnex Life entered into a binding agreement to acquire topical pain relief brand Pain Away Australia for A$22 million. The company will undertake an equity raise to fund the deal, which includes $1.15 million of inventory at cost and is payable in cash, subject to satisfaction of certain customary conditions by no later than July 31.
Topical Pain Relief Key Market Trends
- 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.
- Functional Packaging: Innovations in packaging, such as roll-ons, patches, and applicators, are enhancing the convenience and user experience of topical pain relief products, contributing to their popularity.
Topical Pain Relief Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global topical pain relief market analysis, the global topical pain relief market presents a dynamic landscape shaped by the interplay of diverse factors. The rise in chronic pain conditions, driven by factors like an aging population and increased participation in physical activities, propels market growth. While the dominance of over-the-counter products offers convenience, skin sensitivities and regulatory challenges pose constraints. The future of the market hinges on addressing challenges through rigorous research, clinical evidence, and regulatory compliance. To tap into untapped opportunities, a proactive approach to technological advancements, sustainable practices, and strategic partnerships will be vital. In this dynamic landscape, companies that navigate the fine balance between innovation, consumer needs, and regulatory demands are poised to thrive in the evolving global topical pain relief market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.46 billion |
| Market size value in 2031 | USD 17.88 billion |
| Growth Rate | 6.14% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Topical Pain Relief Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Topical Pain Relief Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Topical Pain Relief Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Topical Pain Relief Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Topical Pain Relief Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Topical Pain Relief Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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