Global Pain Patch Market Trends 2024, Forecast To 2033
8 Mar, 2024
The pain patch market surged from $4.08 billion in 2023 to $4.35 billion in 2024, with a 6.7% CAGR, due to pain management needs. Expected to reach $5.46 billion by 2028, with a 5.8% CAGR, driven by lifestyle changes. Trends include drug delivery innovations and partnerships.
Global Pain Patch Market Key Driver
The pain patch market is growing in response to the rising prevalence of pain disorders. Chronic pain prevalence in adults increased to 21.8% in 2021, driving demand for pain patches as an alternative pain management solution.
Get A Free Sample Of The Global Pain Patch Market ReportGlobal Pain Patch Market Segments
The pain patch market covered in this report is segmented –
1) Type:Opioid, Non-Opioid
2) Route Of Administration:Metered Dose, Microneedle Patches
3) Therapeutic Use:Pain Relief, Anesthesia, Smoking Cessation, Cough Suppression, Diarrhea Suppression
4) Distribution Channel:Online Pharmacies, Retail Pharmacies, Hospital Pharmacies
By Geography: The countries covered in the pain patch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the pain patch market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pain patch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Pain Patch Industry Players
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.; NEXGEL Inc.
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Pain Patch Market Overview
A pain patch is a transdermal medication used to manage acute and chronic pain. A pain patch relieves severe pain, such as chronic pain or pain after surgery, in patients by delivering regular doses of medicine into the bloodstream through the skin.