As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The value of the United States topical pain relief market in 2019 was estimated at USD 2.56 billion and is expected to achieve USD 4.21 billion by 2025 at a CAGR of 9% from 2020 to 2025.
Get a Free Sample Report with Table of Content - Download Now
The non-opioid segment of the industry leads the market over the opioid segment. The non-opioid segment is being driven by the easy availability of non-opioid products. Consumers are also increasingly choosing non-opioid products over opioid topical pain relief products, thus, further driving the segment growth. Lesser side effects and the ease of availability of cream-based products is driving the rising demand for cream-based formulations in the industry. E-commerce is emerging as a fast-growing distribution channel for the products, buoyed by the falling data costs and the increasing access to the internet.
Properties and Applications
Pain is an irritable feeling, generally caused by extreme or toxic stimuli. Pain connected to severe circumstances is a common symptom. Managing pain includes the use of medicines or antibiotics and treatments to cure multiple sites of pain. These are recognized as topical pain relief whenever these medicines are given straight onto the skin. Such painkillers include anti-inflammatory drugs, anaesthetics, capsaicin, and opioids, which are not steroidal. Most of them are accessible as over the counter (OTC) goods, while some are only accessible by prescription.
The United States topical pain relief industry can be divided on the basis on segments like therapeutic class, formulation, and distribution channel. The industry can be classified on the basis of therapeutic class into non-opioids and opioids. Based on formulation, the industry can be categorised as cream, gel, spray, and patch. The industry can be broadly categorised, based on its distribution channel segments into:
The rising incidences of arthritis, joint pain, and diabetic neuropathy is driving the industry growth. The growing geriatric population in the US is providing further impetus to the industry. Fewer side effects induced by topical pain relief related to oral medicine is driving the industry forward. Greater accessibility and growing awareness of topical pain medications are further aiding the industry growth.
The report presents a detailed analysis of the following key players in the United States topical pain relief market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraints
5.3 Industry Challenges
5.4 Industry Opportunities
6 United States Topical Pain Relief Market Analysis
6.1 Figure: United States Topical Pain Relief Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: United States Topical Pain Relief Market Breakup by Therapeutic Class
188.8.131.52 Nonsteroidal Anti-Inflammatory Drugs (NSAIDS)
184.108.40.206 Methyl Salicylates
220.127.116.11 Other Non-Opioids
6.3 Figure: United States Topical Pain Relief Market Breakup by Therapeutic Class: Historical Market (2015-2019) & Forecast (2020-2025)
18.104.22.168 Nonsteroidal Anti-Inflammatory Drugs (NSAIDS)
22.214.171.124 Methyl Salicylates
126.96.36.199 Other Non-Opioids
6.4 Chart: United States Topical Pain Relief Market by Formulation
6.5 Figure: United States Topical Pain Relief Market by Formulation: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Chart: United States Topical Pain Relief Market by Type
6.6.1 Prescription Pain Relief
6.6.2 Over-The-Counter Pain Relief
6.7 Figure: United States Topical Pain Relief Market by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Prescription Pain Relief
6.7.2 Over-The-Counter Pain Relief
6.8 Chart: United States Topical Pain Relief Market by Distribution Channel
6.8.1 Pharmacies & Drug Stores
6.8.3 Retail & Grocery Stores
6.9 Figure: United States Topical Pain Relief Market by Distribution Channel: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 Pharmacies & Drug Stores
6.9.3 Retail & Grocery Stores
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 AdvaCare Pharma
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 GlaxoSmithKline plc. (LON: GSK)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Johnson & Johnson (NYSE: JNJ)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 Novartis AG (SWX: NOVN)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 Pfizer Inc. (NYSE: PFE)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 Reckitt Benckiser Group plc (LON: RB)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 Sanofi (EPA: SAN)
11.7.1 Company Overview
11.7.2 Financial Analysis
12 Events and Developments
EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.