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2019-2024 Topical Analgesic Market Latest Opportunities, Industry Growth Rate by Market Size & Share and Forecast Analysis

July 21, 2019
4 Min Read

Topical Analgesic

The “Topical Analgesic Market” report presents in-depth analysis regarding the development, current trends, industry policies and regulations implemented in each of the geographical region. Topical Analgesic Market Report (2019-2024) Provides key statistics on Market overview, Major Key-players of Industry, Scope of the report, Key trends in market as well as Regional analysis. The report also provides leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue. It also provides an analytical calculation of the prime challenges faced by this Market currently and in the coming years.

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Topical Analgesic Market Report Includes Major Key-Players:

  • AdvaCare Pharma
  • GlaxoSmithKline plc.
  • Johnson & Johnson
  • Pfizer Inc.
  • Hisamitsu Pharmaceutical co.,inc.
  • Sanofi
  • Sun Pharmaceutical Industries Ltd
  • Topical BioMedics, Inc.
  • Teva Pharmaceutical Industries Ltd
  • List Not Exhaustive

    Market Overview:

  • The topical analgesic market (hereafter, referred to as the market studied) is expected to witness a CAGR of 7.43% during the forecast period. Certain factors that are driving the market growth include increasing prevalence of arthritis, rising cases of sports-related injuries, and growing geriatric population.
  • A sports injury is creating a huge demand for topical analgesics among athletes. As per the Centers for Disease Control and Prevention (CDC), more than 2.6 million pediatric patients are treated in emergency departments for sports-related injuries each year. In accordance with the National Safety Council (NSC), in 2017, exercise and the use of exercise equipment led to the most of the sports-related injuries in the United States, with more than 526,000 injuries reported. The same source indicated that basketball, followed with about 500,000 injuries, while bicycling, with 457,000 injuries and football, with 341,000 injuries, ranked third and fourth. Topical options for sports-related injuries act as convenient alternative or adjunct to oral medications, since they provide pain relief with minimal systemic adverse events.
  • Other factors, such as rising geriatric population and increasing prevalence of arthritis are also expected to drive the market studied over the forecast period.
  • Although the adverse effects arising from topical pain relief products are rare, skin irritation and other complication might restrict its usage and consequently affects the market growth. Some common side effects are stinging of skin and dry skin problem. Apart from these, burning sensation, hypersensitivity drug reaction, hives might occur.

    Scope of the Report:

  • Topical analgesics are recommended to use when patients experience acute and chronic muscle and joint pain, in order to get relief from their symptoms. The products are applied directly to the skin, instead of being injected or swallowed. The topical analgesics are available in the forms of creams, lotions, spray, gel, or patch. The topical analgesics are obtained as prescription analgesics and OTC analgesics as well. The OTC topical analgesics are intended to treat mild to moderate pain for not more than 7 days unless otherwise directed by a physician. However, several factors must be considered when selecting an OTC topical analgesic, which include dosage form, cost, ease of use, odor, and the patient’s medical history, including possible allergies.

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    Reasons to Purchase this Report:

    • Current and future of Global Topical Analgesic Market outlook in the developed and emerging markets
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis
    • Report customization as per the client’s requirements
    • Regions that are expected to witness fastest growth during the forecast period
    • Identifying the latest developments, market shares and strategies employed by the major market players

    Topical Analgesic Market Forecast (2019-2024):

    • Market Size Forecast:By Applications/End Users, Global Overall Size, By Type/Product Category, By Geographical Area.
    • Key Data (Revenue):Market Size, Market Share, Business Growth, Product Sales Price.

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    Some Major Points Covered from TOC:

    Chapter 1: Topical Analgesic Market Definition

    Chapter 2: Research Methodology of Topical Analgesic Market

    Chapter 3: Topical Analgesic Market Executive Summary

    Chapter 4: Topical Analgesic Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Topical Analgesic Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Topical Analgesic Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Topical Analgesic Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Topical Analgesic Market

    For Detailed TOC Click Here

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