Global Topical Pain Relief Market Report and Forecast 2024-2032

Global Topical Pain Relief Market Outlook

The global topical pain relief market size attained a value of about USD 10.61 billion in 2023, driven by rising prevalence of arthritis and other bone-related diseases, rising pharmaceutical industry, and growing geriatric population. The market is further expected to grow at a CAGR of 5% during the forecast period of 2024-2032 to reach nearly USD 16.45 billion by 2032.

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Increasing Demand for Non-Opioids to Augment the Topical Pain Relief Industry Growth

Based on class, the non-opioids segment accounts for a significant share in the topical pain relief industry and is expected to grow rapidly over the forecast period due to the increased preference for non-opioids over opioid drugs to treat mild to moderate pain. Non-opioids are often used to treat acute or persistent pain because they have fewer side effects as compared to opioids and do not cause addiction. While non-opioid drugs are particularly suitable for pain in musculoskeletal conditions, opioid analgesics are considered more suitable for treating moderate to severe pain, especially of visceral origin. The growth of this segment is primarily driven by the increasing awareness pertaining to the negative effects of long-term opioid therapy, which may adversely affect pain sensitivity, widespread concerns about opioid misuse and iatrogenic addiction, and an increase in the prevalence of arthritis and other joint problems.

North America to Provide Enhanced Growth Opportunities to the Topical Pain Relief Industry

Region-wise, North America accounts for a significant market share and is expected to witness a robust growth over the forecast period. This is due to the region's early legalisation of topical pain relievers and high acceptance of over-the-counter pain relievers. Moreover, due to the presence of some of the leading industry players in the region, the market is expected to grow in the forecast period.

Topical Pain Relief: Market Segmentation

Muscle pains, sprains, and strains are treated with topical painkillers. They can also help in providing relief from painful arthritis. Since topical analgesics have fewer side effects than oral painkillers, they are often prescribed instead of oral painkillers.

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By class, the market is divided into:

• Opioids
• Non-Opioids

Based on product type, the industry can be segmented into:

• Over-the-Counter
• Prescription

The market is divided based on formulation into:

• Ointment
• Gel
• Spray
• Patch
• Others

On the basis of distribution channel, the industry can be categorised into:

• Pharmacies and Drug Stores
• Retail and Grocery Stores
• Online
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Prevalence of Arthritis and Other Bone-Related Diseases to Bolster the Growth of the Topical Pain Relief Industry

The increasing prevalence of arthritis and other bone-related diseases, as well as diabetic neuropathy, which causes pain, is driving the growth of the global topical pain relief industry. Other factors driving the market growth include an increased adoption of topical pain-relieving drugs, which have less side effects than oral pain relievers, the growing global geriatric population, and an increase in demand for topical pain relievers among athletes. Further, the expansion of online retail channels for topical therapeutics is expected to provide the industry with lucrative growth opportunities.

Over the forecast period, the increase in the number of patients undergoing prolonged treatment for diseases, such as skin cancer, is expected to drive the growth of the market.

Key Industry Players in the Global Topical Pain Relief Market

The report gives a detailed analysis of the following key players in the global topical pain relief market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Sanofi SA
• Novartis AG 
• GlaxoSmithKline Plc. 
• Reckitt Benckiser Group Plc. 
• Johnson & Johnson Consumer Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Topical Pain Relief Market Report Snapshots

Topical Pain Relief Market Size

Topical Pain Relief Companies