Pain Patches Market size was valued at USD 5.39 billion in 2024 and is likely to cross USD 9.79 billion by 2037, expanding at more than 4.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of pain patches is estimated at USD 5.59 billion. The market expansion is due to the increase in instances of chronic diseases, and the surge in demand for less side effect-prone pain medications. Roughly one in three persons worldwide deal with several chronic illnesses.
In addition to these, it is presumed that the market will grow as a result of a rise in the frequency of trauma injuries from sports and the workplace, including sprains & strains, fractures, tendinitis, and back injuries. Furthermore, an increase in the frequency of occurrences in adults of low back pain is driving the market's expansion.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
4.7% |
Base Year Market Size (2024) |
USD 5.39 billion |
Forecast Year Market Size (2037) |
USD 9.79 billion |
Regional Scope |
|
Product Type (Non-Opioid Patches, Opioid Patches)
In pain patches market, non-opioid patches segment is likely to dominate around 60% share by the end of 2037. The increasing demand for opioid substitutes that not only efficiently treat pain but also do so without the risks is accelerating the demand for non-opioid patches. It is also used to provide long-term, efficient medication administration while also easing discomfort. They also avoid the first-pass metabolism and prevent users from becoming addicted to drugs, making them more efficient at delivering pharmaceuticals. Therefore, the market is anticipated to increase as a result of the product's capacity to relieve pain without having the negative effects associated with opioids and other variables. As per the Association for Safe International Travel, over 4.4 million people in the United States needed medical attention due to severe injuries in 2020.
Type (Prescription Medicine, OTC Medicine)
In pain patches market, prescription medicine segment is predicted to dominate around 53% revenue share by the end of 2037. This is because individuals with a broad spectrum of medical conditions may be prescribed pain patches by medical practitioners. They are also commonly used to treat a variety of different types of pain, including knee discomfort, nerve pain, and back pain. Due to its authorization by medical professionals, its use in treating pain from a variety of conditions with little to no negative effects on the patient will accelerate the segment's growth.
Our in-depth analysis of the pain patches market includes the following segments:
Product Type |
|
Type |
|
Distribution Channel |
|
North America Market Statistics
By 2037, North America region is projected to hold more than 32% pain patches market share. As per the Centers for Disease Control and Prevention; in 2015, approximately 213 million Americans aged 6 or more participated in sports & fitness activities. With the rising number of people participating in sport-related activities, a significant number of people deal with injuries and thus require pain relief treatment. Pain patches are being considered as the most preferred option for the same.
APAC Market Analysis
During the projected period, the market for pain patches is expected to have significant expansion in the APAC region as well. The population is aging more quickly in the WHO South-East Asia Region. 9.8% of the population in 2017 is 60 years of age or more, by 2030 and 2050, this percentage will increase to 13.7% and 20.3%, respectively. By 2040, the elderly population in China is predicted to account for 28% of the country's total population due to declining birth rates and increased life expectancy. Elderly persons frequently have problems that cause chronic pain because they are more susceptible to a variety of ailments. Because of this, older consumers have a greater need for treatments resulting to the rise in pain patches market in the Asia-Pacific area.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?