Global Topical Pain Relief Market to Reach USD 18,994.4 Million by 2034 at a 5.2% of CAGR

Topical Pain Relief Market
Topical Pain Relief Market

As the global burden of chronic pain disorders continues to rise, the demand for effective and easily accessible solutions such as topical pain relief is gaining momentum. According to recent market forecasts, the global topical pain relief market is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034.

The market value is projected to increase from USD 11,061.3 million in 2024 to a substantial USD 18,994.4 million by 2034. In 2023, the market was valued at USD 10,513.1 million, and it is anticipated to exhibit a year-over-year (Y-o-Y) growth of 5.2% in 2024.

Topical pain relief products, including creams, gels, patches, and sprays, provide an essential alternative to oral medications, offering localized relief with minimal side effects. These products are especially effective for managing chronic pain conditions such as arthritis, muscle strains, and nerve pain, contributing to their growing adoption worldwide.

Key Takeaways:

  • Market Expansion: The global topical pain relief market is set to grow from $11,061.3 million in 2024 to $18,994.4 million by 2034, driven by a robust CAGR of 5.6%.
  • Current Market Value: The market was valued at $10,513.1 million at the end of 2023 and is forecasted to show a year-over-year growth of 5.2% in 2024.
  • Growth Drivers: The surge in demand is attributed to the rising prevalence of chronic pain disorders, increased awareness of topical pain relief options, and advancements in product formulations.

This anticipated growth underscores the critical need for effective and accessible pain management solutions, offering a promising outlook for stakeholders in the topical pain relief industry.

Competitive Landscape in Topical Pain Relief Market

Leading topical pain relief product manufacturers prioritize product innovation and launches to meet high demand and broaden their global consumer base through unique formulations & delivery methods. Manufacturers in the pharmaceutical sector also apply for authorization from regulatory organizations to stay relevant in the market.

For instance

  • In January 2024, Sun Pharmaceutical, headquartered in Mumbai, signed a definitive merger agreement to acquire all outstanding ordinary shares of Taro Pharmaceutical.
  • In January 2023, Procter & Gamble (P&G) India, headquartered in India, launched the latest addition to the House of Vicks in India, the new Vicks NATURA.
  • In June 2022, Troy Healthcare LLC, a United States-based company, announced that the Stopain Clinical topical pain relief will now be available in Canada.
  • In March 2022, Abbott, headquartered in the United States, launched Brufen Power spray, a solution designed to eliminate physical pain.

Key Companies Profiled

  • Johnson & Johnson
  • Pfizer Inc.
  • Novartis AG
  • Glaxosmithkline Plc (GSK)
  • Sanofi
  • Bayer AG
  • Abbott Laboratories
  • Reckitt Benckiser Group Plc.
  • Teva Pharmaceutical Industries Ltd.
  • Thermo Fisher Scientific, Inc.
  • Haleon Group of Companies
  • Procter & Gamble
  • Sun Pharmaceutical Industries Ltd.
  • Amneal Pharmaceuticals LLC.
  • Cipla Limited
  • Purdue Pharmaceuticals L.P.
  • Hisamitsu Pharmaceutical Co., Inc.
  • Endo Pharmaceuticals, Inc.
  • Mallinckrodt Pharmaceuticals
  • Pure Source LLC
  • Teikoku Pharma
  • Himalaya Wellness Company
  • Troy Healthcare LLC
  • Advacare Pharma
  • Exzell Pharma

Topical Pain Relief Industry Segmentation by Category

By Drug Class:

  • Opioids
    • Hydrocodone
    • Oxycodone
    • Morphine
    • Fentanyl
    • Others
  • Non-opioids
    • Ibuprofen
    • Naproxen
    • Diclofenac
    • Acetaminophen
    • Lidocaine
    • Capsaicin
    • Corticosteroids
    • Prednisone
    • Dexamethasone
    • Others

By Formulation:

  • Creams and Ointments
  • Gels
  • Liquid/Oil
  • Patch
  • Sprays
  • Others

By Packaging Type:

  • Tubes
    • Creams and Ointments
    • Gels
  • Containers & Jars
    • Creams and Ointments
    • Gels
  • Aerosol Containers
    • Sprays
  • Dermal Patches
    • Patches
  • Roll On Bottles
    • Liquid/Oil

By Distribution Channel:

  • Hospitals
  • Clinics
  • Retail Pharmacy Stores
  • Drug Stores
  • Online Pharmacy Stores
  • Others

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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