Delvens published a new research publication on "Pain Relief Gel Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pain Relief Gel Market was mainly driven by the increasing R&D spending across the world, the global Pain Relief Gel market size was estimated at USD 10.4 billion in 2023 and is projected to reach USD 15.3 billion in 2030 at a CAGR of 5.2% during the forecast period 2023-2030.
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Chronic pain conditions, which include ailments such as arthritis, back pain, and musculoskeletal disorders, are widely prevalent on a global scale.
The escalating number of individuals in pursuit of alleviation from the persistent agony that accompanies chronic pain syndromes has resulted in a parallel increase in the demand for pain relief gels, owing to their potential to mitigate the discomfort associated with these conditions.
North America to Dominate the Pain Relief Gel Market:
The North American region has emerged as the predominant market for pain relief gel, primarily owing to the escalating aging population in this region. Additionally, the burgeoning investment in healthcare infrastructure has further contributed to the substantial growth of this market.
It is anticipated that the region encompassing Asia and the Pacific shall undergo a noteworthy escalation in terms of growth.
The Prominent Players in the Pain Relief Gel market are:
· Nestle S.A.
· Sun Pharmaceutical Industries Ltd.
· AdvaCare Pharma
· Topical BioMedics, Inc.
· Reckitt Benckiser Group Plc.
· Novartis AG
· Pfizer Inc.
· GlaxoSmithKline Plc.
· Johnson & Johnson
· Sanofi S.A.
· Procter & Gamble
· Salonpas
· Biofreeze
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Recent Developments
In January 2023, Deccan Healthcare, a pioneering nutraceutical and cosmeceutical products company, has recently unveiled the QuitPain instant pain relieving ayurvedic gel in Hyderabad. This highly efficacious gel, which is a proprietary blend of Deccan Healthcare Ltd., has been specially crafted to cater to those seeking easy-to-use ayurvedic pain relief solutions for the alleviation of a myriad of aches and pains.
In December 2022, Manx Healthcare, a prominent pharmaceutical company, recently introduced a novel product into the market, namely Reliviate Aches and Joint Pain Relief 0.5% w/w Gel. This innovative gel, which has been meticulously formulated, is specifically designed to alleviate aches and joint pain, thus providing an efficacious solution for individuals suffering from such debilitating conditions.
The Pain Relief Gel Market is segmented into various segments such as By Therapeutic Class, Type, Distribution Channel and Region:
Based on By Therapeutic Class
· Non-opioids
· Opioids
Based on the Type
· Prescription pain relief
· Over-the-counter pain relief
Based on the Distribution Channel
· Pharmacies & drug stores
· E-Commerce
· Retail & grocery stores
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Pain Relief Gel Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for the Pain Relief Gel Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
Frequently Asked Questions
· What are the years considered to study Pain Relief Gel Market intelligence report?
· What is the compound annual growth rate (CAGR) of the Pain Relief Gel Market?
· Which region holds the largest market share in Pain Relief Gel Market?
· Which region is the fastest growing in Pain Relief Gel Market?
· Who are the major players in Pain Relief Gel Market?
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