The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 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 pain patch market is expected to reach $5.13 billion in 2027 at a CAGR of 5.9%.

What was the major driver in the pain patch market?
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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What was the key trend in the pain patch market?
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.

Which was the largest region in the pain patch market?
North America was the largest region in the pain patch market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pain patch report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the pain patch market prominent players?
Major players in the pain patch market are CVS Health Corporation, Walgreens Boots Alliance Inc., Pfizer Inc., Bayer AG, Novartis AG, Sanofi S.A., GlaxoSmithKline plc, Rite Aid Corporation, Reckitt Benckiser Group plc, Viatris Inc., Mylan N.V., Smith & Nephew plc, Sun Pharmaceutical Industries Ltd., Perrigo Company plc, Purdue Pharma LP, Hikma Pharmaceuticals plc, Endo International plc, Amneal Pharmaceuticals LLC, Grünenthal Group, Allergan plc, Hisamitsu Pharmaceutical Co. Inc., NICHIBAN Co. Ltd., Teikoku Seiyaku Co. Ltd., Haw Par Corporation, Sorrento Therapeutics Inc., Nanjing Joyful Industrial Co. Ltd., and NEXGEL Inc.

Key pain patch market segments
The global 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

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The Pain Patch Global Market Report 2023  provides a comprehensive overview on the pain patch market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Non-Opioid Pain Patch Global Market Report 2023
Pain Management Devices And Therapies Global Market Report 2023
Pain Management Drugs Global Market Report 2023

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