The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Topical Pain Relief Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Topical Pain Relief Industry (2023-2028):
According to the latest report, The 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. The report demonstrates the prominent factors propelling the exponential growth of the Topical Pain Relief industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR: 7.5%
- Market Value (2022): USD 9.5 Billion
What are the major Driver the Topical Pain Relief industry?
Growing Prevalence of Arthritis, Chronic Disease, And Diabetic Neuropathy – There has been a significant rise in arthritis, other bone-related conditions, and also diabetic neuropathy among people, which is driving the adoption of topical therapeutics, thus acting as the key driver of the topical pain relief market. With the increasing number of people with joint pain problems, especially as the older generation population is increasing, the market is likely to expand further. Also, topical therapeutics provide instant comfort to people with injuries. So, the perpetual amount of accidents in the daily life of people also in various industries is likely to fuel the market growth.
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Topical Pain Relief Market Segmentation
The Topical Pain Relief Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Fixed Wing- Market Size & Forecast 2018-2028, (USD Million)
- Multirotor- Market Size & Forecast 2018-2028, (USD Million)
- Hybrid- Market Size & Forecast 2018-2028, (USD Million)
- By Solution
- Software- Market Size & Forecast 2018-2028, (USD Million)
- Services- Market Size & Forecast 2018-2028, (USD Million)
- Platform- Market Size & Forecast 2018-2028, (USD Million)
- Infrastructure- Market Size & Forecast 2018-2028, (USD Million)
- By Technology
- Remotely Piloted- Market Size & Forecast 2018-2028, (USD Million)
- Optionally Piloted – Market Size & Forecast 2018-2028, (USD Million)
- Fully Autonomous- Market Size & Forecast 2018-2028, (USD Million)
- By End User
- Agriculture- Market Size & Forecast 2018-2028, (USD Million)
- Construction & Infrastructure- Market Size & Forecast 2018-2028, (USD Million)
- Oil & Gas- Market Size & Forecast 2018-2028, (USD Million)
- Mining- Market Size & Forecast 2018-2028, (USD Million)
- Utilities- Market Size & Forecast 2018-2028, (USD Million)
- Others – Market Size & Forecast 2018-2028, (USD Million)
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East & Africa
As per the regional aspect, the Topical Pain Relief Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/global-topical-pain-relief-market.html
Top Companies in the Topical Pain Relief Market
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
Global Topical Pain Relief Market Recent Development
In December 2022, Harrow Health purchased U.S. rights to Novartis drugs.
In March 2022, Sun Pharmaceutical Industries Ltd. presented phase 3 data for WINLEVI (clascoterone) cream 1% for the topical treatment of Acne Vulgaris at the AAD annual meeting.
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