• According to Transparency Market Research’s latest report on the global topical pain management therapeutics in sports medicine market for the historical period 2017–2018 and forecast period 2019–2027, rise in demand for cost-effective and instant pain relief therapeutics by national and international sports players, improved distribution of the pain relief therapeutics in developing countries  and introduction of novel pipeline product are projected to drive the global topical pain management therapeutics in sports medicine market during the forecast period
  • According to the report, the global topical pain management therapeutics in sports medicine market was valued at US$ 1.6 Bn in 2018 and is anticipated to expand at a CAGR of 8.8% from 2019 to 2027

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Increase in Incidence of Musculoskeletal Acute Sports Injuries: Key Drivers

  • Growing participation of population in sports activities is leading to increase in number of acute sports injuries, which is expected to drive demand for topical pain management therapeutics in sports medicine market
  • According to the National Health Statistics Reports (NHSR), there were an estimated 10.5 million sports injuries in the U.S. in 2015, of which over 40% (4.2 million) injuries included strains and sprains along with other acute injuries
  • According to the National Health Statistics Reports (NHSR), there were an estimated 10.5 million sports injuries in the U.S. in 2015, of which over 40% (4.2 million) injuries included strains and sprains along with other acute injuries.

Increase in implementation of guidelines promoting topical boost topical pain management therapeutics in sports medicine market growth

  • Various agencies in the U.S. and Europe have laid down guidelines for the treatment of osteoarthritis, which emphasize on the use of topical pain relief products as the first line of treatment
  • These agencies include the American Association of Orthopedic Surgeons (AAOS), the American College of Rheumatology (ACR), the National Institute for Health and Clinical Excellence (NICE, U.K.), the American Pain Society (APS), the European League Against Rheumatism (EULAR), and Osteoarthritis Research Society International (OARSI)
  • The American College of Rheumatology (ACR), in 2012, implemented guidelines, which suggested use of topical capsaicin and topical NSAID with trolamine salicylate for the treatment of osteoarthritis of hand

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Global Topical Pain Management Therapeutics in Sports Medicine Market: Competitive Landscape

  • This report profiles major players in the global topical pain management therapeutics in sports medicine market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global topical pain management therapeutics in sports medicine market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global topical pain management therapeutics in sports medicine market are
    • Teva Pharmaceutical Industries Ltd.
    • Pfizer, Inc.
    • Hisamitsu Pharmaceutical Co., Inc.
    • Mayne Pharma Group Limited
    • Sanofi (Chattem, Inc.)
    • GlaxoSmithKline plc
    • Endo Pharmaceuticals Inc.
    • Beiersdorf AG
    • Johnson & Johnson Services, Inc.
    • Topical BioMedics, Inc.

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Global Topical Pain Management Therapeutics in Sports Medicine Market: Key Developments

Key players in the global topical pain management therapeutics in sports medicine market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global topical pain management therapeutics in sports medicine market. A few expansion strategies adopted by players operating in the global topical pain management therapeutics in sports medicine market are:

  • In September 2017, Sanofi India, a subsidiary of Sanofi, announced the launch of Combiflam ICYHOT, a new formulation of its blockbuster drug i.e. Combiflam. The oral blockbuster NSAID would now be offered in topical formulations including gels and sprays. This introduction is expected to enable the company to consolidate its position in the topical pain management sector in the near future
  • In November 2015, Dr. Reddy's Laboratories Ltd., a leading drug manufacturer in India, launched Nise D spray in the country. Nise tablet is a pre-existing and popular tablet formulation in India, which was introduced by Dr. Reddy in a spray form, owing to the rising adoption of the population for spray form of pain relievers.

The report on the global topical pain management therapeutics in sports medicine market discussed individual strategies, followed by company profiles of manufacturers of topical pain management therapeutics in sports medicine. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global topical pain management therapeutics in sports medicine market.

TMR’s report on the global topical pain management therapeutics in sports medicine market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global topical pain management therapeutics in sports medicine market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global topical pain management therapeutics in sports medicine market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global topical pain management therapeutics in sports medicine market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global topical pain management therapeutics in sports medicine market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global topical pain management therapeutics in sports medicine market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global topical pain management therapeutics in sports medicine market.

The report delves into the competitive landscape of the global topical pain management therapeutics in sports medicine market. Key players operating in the global topical pain management therapeutics in sports medicine market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global Topical pain management therapeutics in sports medicine market that have been profiled in this report.

Key Questions Answered in Global Topical Pain Management Therapeutics in Sports Medicine Market Report

  • What is the scope of growth of product companies in the global topical pain management therapeutics in sports medicine market?
  • What will be the Y-o-Y growth of the global topical pain management therapeutics in sports medicine market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global topical pain management therapeutics in sports medicine market?
  • Will North America continue to be the most profitable market for topical pain management therapeutics in sports medicine providers?
  • Which factors are anticipated to hamper the growth of the global topical pain management therapeutics in sports medicine market during the forecast period?
  • Which are the leading companies in the global topical pain management therapeutics in sports medicine market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global topical pain management therapeutics in sports medicine market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global topical pain management therapeutics in sports medicine market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the topical pain management therapeutics in sports medicine market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the topical pain management therapeutics in sports medicine market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global topical pain management therapeutics in sports medicine market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global topical pain management therapeutics in sports medicine market more reliably and accurately.

Regional Segmentation of Topical Pain Management Therapeutics in Sports Medicine Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Global Topical Pain Management Therapeutics in Sports Medicine Market - Segmentation

Product

Gels

Creams

Sprays

Patches

  • Drug in Adhesives
  • Matrix
  • Reservoirs
  • Others

Therapeutic Class

Analgesics

  • Opioids
    • Fentanyl
    • Buprenorphine
    • Others
  • Non-opioids
    • Lidocaine
    • Diclofenac
    • Capsaicin
    • Methyl Salicylate
    • Others

Anesthetics

Skeletal Muscle Relaxants

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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