Mexico Topical Pain Relief Market Analysis

Mexico Topical Pain Relief Market Analysis


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Mexico Topical Pain Relief Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Topical Pain Relief market is growing globally due to the increase in incidence and prevalence of Chronic pain conditions such as arthritis, back pain, and musculoskeletal disorders, growing preference for non-opioid pain management due to addictive nature of opioid medications, ease of use and convenience of topical pain relief products, expanding product range and innovation, Increasing Consumer Awareness, Over-the-Counter Availability and rising healthcare expenditure. Advacare Pharma, GlaxoSmithKline Plc (GSK), Johnson & Johnson, Nestlé S.A., Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc., Sanofi, Sun Pharmaceutical Industries Ltd are the key global market players in topical pain relief market.

ID: IN10MXPH409 CATEGORY: Pharmaceuticals GEOGRAPHY: Middle East AUTHOR: Vidhi Upadhyay

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Mexico Topical Pain Relief Market Analysis Summary

Mexico Topical Pain Relief Market is valued at around $147.2 Mn in 2022 and is projected to reach $254.9 Mn by 2030, exhibiting a CAGR of 7.1% during the forecast period 2023-2030.

The market for products used topically on the skin to relieve pain and suffering is referred to as the topical pain treatment market. These medicines are used to temporarily relieve muscle aches, joint pain, arthritis, back pain, and other localized pains. They are often sold as creams, gels, patches, sprays, or ointments. The over-the-counter pain relief segment accounts for a significant share of the market. Advacare Pharma, GlaxoSmithKline Plc (GSK), Johnson & Johnson, Nestlé S.A., Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc., Sanofi, Sun Pharmaceutical Industries Ltd are the key global market players in topical pain relief market.

Market Dynamics

Market Growth Drivers

Increase in incidence and prevalence of Chronic pain conditions such as arthritis, back pain, and musculoskeletal disorders, growing preference for non-opioid pain management due to the addictive nature of opioid medications, ease of use and convenience of topical pain relief products, expanding product range and innovation, Increasing Consumer Awareness, Over-the-Counter Availability and rising healthcare expenditure act as market growth drivers.

Market Restraints

Limited efficacy of topical pain relief medicaments, competition from oral medications, Limited Awareness and Adoption of topical pain relief medications, patent expirations, and regulatory challenges act as market growth restraints.

Competitive Landscape

Key Players

  • Advocare Pharma
  • GlaxoSmithKline Plc (GSK)
  • Johnson & Johnson
  • Nestlé S.A.
  • Novartis AG
  • Pfizer Inc.
  • Reckitt Benckiser Group Plc.
  • Sanofi
  • Sun Pharmaceutical Industries Ltd

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For Mexico Topical Pain Relief Market

By Product

  • Medical Cannabis
  • Menthol-Containing
  • Omega 3 Fatty Acid-Containing
  • Botulinum Toxins
  • Capsaicin-Derived
  • Others

By Therpaeutic application

  • Orthopaedic and Musculoskeletal Pain
  • Neuropathic Pain
  • Cancer Pain
  • Post-operative Pain
  • Others

By Distribution channel

  • Hospitals Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Mail Order Pharmacies

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 27 February 2024
Updated by: Shivam Zalke

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