Rising Demand for Non-Opioid Pain Patches Market Key Players, Growth Analysis during 2021-2027

The global non-opioid pain patches market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. The major factors driving the market growth include the increasing number of patients with neuropathic pain and rising prevalence of cancer. Neuropathic pain occurs due to injury or malfunction in the central or peripheral nervous system. Rising incidences of spinal cord injuries and diabetes are some major causes of neuropathic pain. As per the American Diabetes Association (ADA), nearly half of all people suffering from diabetes have some kind of nerve damage and is more common in the diabetic population who are living with this disease for several years.

To Request a Sample of our Report on Non-Opioid Pain Patches Market:  https://www.omrglobal.com/request-sample/non-opioid-pain-patches-market

As of 2019, in the US, the estimated number of people with spinal cord injury is nearly 291,000. An estimated 78% of new incidences have witnessed among males. People suffering from spinal cord injury may suffer from several forms of pain which occurs in various areas of the body, such as neuropathic pain, musculoskeletal pain, and visceral pain. Spinal cord injury may result in damage to any part of the spine or nerve which causes abnormal communication between the nerves and this condition results in neuropathic pain. This contributes to the increasing demand for pain management techniques to reduce the amount of pain. 

Lidocaine patches are used to provide relief from pain occurs due to post-herpetic neuralgia. It works by stopping nerves from transmitting pain signals. Rising prevalence of diabetic patients is further leading the demand for neuropathic pain management. Nerve damage is more common in the diabetic population, which results in the increasing prevalence of diabetic neuropathy. Owing to the rising prevalence of diabetic neuropathy, the non-opioid patch manufacturers are launching new products for potential relief from pain. 

For instance, in December 2019, Averitas Pharma, Inc. declared the supplemental New Drug Application (sNDA) for QUTENZA (capsaicin 8% patch) to treat neuropathic pain associated with diabetic peripheral neuropathy. This is a major step forward for the company towards the goal of getting QUTENZA FDA approved for diabetic peripheral neuropathy. There are millions of patients suffering from painful diabetic peripheral neuropathy and looking for effective pain relief. These novel pipeline products are expected to offer an opportunity for the growth of the global non-opioid pain patches market.

(Get 15% Discount on Buying this Report)

A full Report of Non-Opioid Pain Patches Market is Available @  https://www.omrglobal.com/industry-reports/non-opioid-pain-patches-market

Global Non-Opioid Pain Patches Market- Segmentation

By Patch Type

·        Lidocaine Patches

·        Diclofenac Patches

·        Capsaicin Patches

·        Ketoprofen Patches

·        Others

By Distribution Channel

·        Hospitals

·        Online Pharmacies

·        Drug Stores

Global Non-Opioid Pain Patches Market– Segment by Region 

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles

·        Acorda Therapeutics, Inc.

·        AdhexPharma

·        Alkermes plc 

·        Averitas Pharma, Inc.

·        BioElectronics Corp.

·        Ceramisphere Pty Ltd.

·        Endo International plc 

·        GlaxoSmithKline plc

·        Hisamitsu Pharmaceutical Co., Inc. 

·        IBSA Institut Biochimique SA

·        Mylan N.V.

·        Pfizer Inc.

·        Sanofi S.A.

·        Sorrento Therapeutics, Inc.

·        TEH SENG Pharmaceutical Mfg. Co., Ltd.

·        Teikoku Seiyaku Co. Ltd.

·        Teva Pharmaceuticals Industries Ltd.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

 

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more