Pain Patch Market Size, Drivers, Trends, Restraints, Opportunities And Strategies

The Business Research Company’s Pain Patch Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pain Patch Global Market Report 2023 evaluates pain patch market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

 

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The global pain patch market is expected to grow from $3.81 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 7%. 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, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The pain patch market is expected to reach $5.13 billion in 2027 at a CAGR of 5.9%.

The rising pain disorders are expected to propel the growth of the pain patch market going forward. Pain disorders refer to any physical condition with pain as the primary symptom. Psychological stress, inflammatory diseases, and physical trauma or injury cause pain disorders. Pain patches treat pain disorders by delivering medication directly through the skin into the bloodstream through a controlled and steady release of drugs over a prolonged period. For instance, in April 2023, the Centers for Disease Control and Prevention, a US-based national public health agency, the prevalence of chronic pain in adults increased to 21.8% in 2021 from 20.5% in 2020. Therefore, a rising pain disorders will drive the growth of the pain patch market.

 

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The pain patch market segments in the report are:

1) By Type: Opioid, Non-Opioid

 

2) By Route Of Administration: Metered Dose, Microneedle Patches

 

3) By Therapeutic Use: Pain Relief, Anesthesia, Smoking Cessation, Cough Suppression, Diarrhea Suppression

 

4) By Distribution Channel: Online Pharmacies, Retail Pharmacies, Hospital Pharmacies

The table of contents in TBRC’s pain patch market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

 

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