The Non-Opioid Pain Patch Global Market Report 2023, provides comprehensive information on the non-opioid pain patch market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global non-opioid pain patch market is expected to grow from $3.16 billion in 2022 to $3.34 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-opioid pain patch market is expected to reach $4.03 billion in 2027 at a CAGR of 4.8%.
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Technological advancements are the key trends gaining popularity in the animal health market. Major market players are concentrating their efforts on introducing new and advanced technologies to strengthen their position in the market. For instance, in April 2022, Elanco Animal Health Incorporated, a US-based animal health company, and Ginkgo Bioworks, a US-based biotechnology company, launched October 2022, Merck Animal Health, a US-based company that develops, manufactures, and markets a broad range of veterinary medicines and services launched Animo GPS, an activity and behaviour monitor for dogs with GPS tracking capabilities. The product enables real-time tracking with position updates starting every five seconds when in “Lost Dog Mode” and may notify pet owners within 20 seconds if their dog exits its assigned “Safe Zone.” Smart technology is used by Animo GPS to track a dog’s individual activity levels and behaviour within an intuitive mobile app. Data on barking, scratching, shaking, and sleep duration are all recorded by the device. If there are any major changes in these behaviours, it can utilize an adaptive algorithm to analyze this information and issue an alert via the app.
The non-opioid pain patch market is segmented:
1) By Patch: Lidocaine Patches, Diclofenac Patches, Capsaicin Patches, Ketoprofen Patches, Other Patches
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
3) By Indication: Musculoskeletal Pain, Neuropathic Pain
Top 5 Major Players:
North America was the largest region in the non-opioid pain patch market in 2022.
Table of contents:
1. Executive Summary
2. Non-Opioid Pain Patch Market Characteristics
3. Non-Opioid Pain Patch Market Trends And Strategies
4. Non-Opioid Pain Patch Market – Macro Economic Scenario
5. Global Non-Opioid Pain Patch Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
….
32. Global Non-Opioid Pain Patch Market Competitive Benchmarking
33. Global Non-Opioid Pain Patch Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Non-Opioid Pain Patch Market
35. Non-Opioid Pain Patch Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Non-Opioid Pain Patch Market, Segmentation By Patch, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Non-Opioid Pain Patch Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Non-Opioid Pain Patch Market, Segmentation By Indication, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 74: Hisamitsu Pharmaceutical Co. Inc. Financial Performance
Table 75: Pfizer Inc. Financial Performance
Table 76: Novartis AG Financial Performance
Table 77: Sanofi S.A. Financial Performance
Table 78: GlaxoSmithKline plc Financial Performance
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