Global Pain Relief Gel Market, By Therapeutic Class (Non-Opioids and Opioids), Type (Prescription Pain Relief and Over-the-Counter Pain Relief), Distribution Channel (Pharmacies & Drug Stores, e-Commerce, and Retail & Grocery Stores), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Pain Relief Gel Market
Pain Relief Gel market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a CAGR of 6.31% in the above-mentioned research forecast period. Increasing prevalence of arthritis across the globe acts as a major driving factor for the market growth.
Increasing incidence of sports injuries has also boost up the market growth. Escalation in cases of bone-related conditions, cancer, diabetic neuropathy, leading to pain, consequently demand for pain relief gel anticipated to bolster. Moreover, elevation in healthcare expenditure and escalation in capita income act as opportunity for the market growth. But, sometimes adverse effect associated with pain relief gels such as allergic reactions, skin irritation, and burning sensation as well as stringent regulations may hamper the global pain relief gel market.
Pain relief gels are medications precisely used at the area of inflammation or pain of the epidermal layer of skin. Pain relief gel is exclusively concentrating on providing the ease of treatment without diminishing the efficiency of medication. Pain relief gel is composing to alleviate pain and allow skin as the route for drug administration. Pain relief gel has the capability to release of medication exclusively at the site of action.
Growing awareness regarding pain relief gel and other topical pain relief products anticipated to bolster the future market growth in the forecast period. Moreover, escalation in musculoskeletal disorders and post-operative therapy leading to generate more demand for pain relief gel in low and middle income countries and hence expected to provide market with the lucrative growth. Additionally, demand for pain relief gel is enormous in developed as well as developing country as its application done without requirement of skilled healthcare professional.
Growing pace of geriatric population worldwide is illustrating the further enormous demand of pain relief gel.
This pain relief gel market provides details of market share, new developments and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Pain Relief Gel Market Scope and Market Size
Pain relief gel market is segmented on the basis of therapeutic class, type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and analyse difference in your target markets.
- On the basis of therapeutic class, the pain relief gel market is segmented into non-opioids and opioids.
- On the basis of type, the pain relief gel market is segmented into prescription pain relief and over-the-counter pain relief.
- On the basis of distribution channel, the pain relief gel market is segmented into pharmacies & drug stores, e-commerce, and retail & grocery stores.
Pain Relief Gel Market Country Level Analysis
Pain relief gel market is analysed and market size information is provided by country, therapeutic class, type and distribution channel as referenced above.
The countries covered in the pain relief gel market report are U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.
North America accounts the largest market share due to the presence of major market players. Europe accounts the second largest market share due to increasing disposable income and presence of wide distribution network for pain relief gels. Asia-Pacific is expected to account for the largest market share over coming years for the pain relief gel market due to constant rise in the geriatric population.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Pain relief gel market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Pain Relief Gel Market Share Analysis
Pain relief gel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to pain relief gel market.
The major players covered in the pain relief gel market are Nestle S.A., Sun Pharmaceutical Industries Ltd., AdvaCare Pharma, Topical BioMedics, Inc., Reckitt Benckiser Group Plc., Novartis AG, Pfizer Inc., GlaxoSmithKline Plc., Johnson & Johnson, and Sanofi S.A., among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In September 2017, Sanofi India has expanded its consumer healthcare portfolio by launching Combiflam Icyhot. Combiflam Icyhot is utilized as a topical analgesic in the pain-care segment. This product launch has provided business expansion opportunity to the company.