The Pain Patch Global Market Report 2023, provides comprehensive information on the 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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As per The Business Research Company’s Pain Patch Global Market Report 2023, 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%.
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The advancement of innovative technologies is a key trend gaining popularity in the pain patch market. Major companies operating in the pain patch market are developing innovative technologies to strengthen their position in the market. For instance, in June 2022, Hisamitsu Pharmaceutical Co. Inc., a Japan-based pharmaceutical company, launched Salonpas Pain Relieving Flex Patch. This new pain relief patch contains 4% lidocaine and has a thin, flexible, unique, and highly adhesive patch technology. The patch fabric is innovative and infused with the active ingredient of lidocaine, and the advanced patch technology provides the maximum lidocaine prescription to provide adequate pain relief. This pain patch is easy to use and provides instant pain relief.
The pain patch market is segmented:
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
North America was the largest region in the pain patch market in 2022.
The table of contents in TBRC’s pain patch market report includes:
- Executive Summary
- Pain Patch Market Characteristics
- Pain Patch Market Trends And Strategies
- Pain Patch Market – Macro Economic Scenario
- Global Pain Patch Market Size and Growth
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- Global Pain Patch Market Competitive Benchmarking
- Global Pain Patch Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pain Patch Market
- Pain Patch Market Future Outlook and Potential Analysis
- Appendix
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