Global Non-opioid Pain Patch Market 2021 is expected to register a CAGR of 3.5%, during forecast period with Impact of Covid 19 Analysis

Non-opioid

Global “Non-opioid Pain Patch Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Non-opioid Pain Patch in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Non-opioid Pain Patch Market report categorizes the market based on manufacturers, regions, type, and application. Non-opioid Pain Patch Market reports offer a detailed assessment of the Non-opioid Pain Patch including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Non-opioid Pain Patch market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Non-opioid Pain Patch Market Overview

The Non-opioid Pain Patch Market is expected to grow, at an estimated CAGR of 3.5% over the forecast period, 2018-2023. The non-opioid devices have certain advantages such as less invasiveness, less ambulation-impeding, ease to monitor and control and absence of complications associated with opioids-long term usage. It has multiple usages in anesthesia as adjuvant therapy. Its market is primarily driven by the increasing burden of patients suffering from pain. On the regional analysis basis, the largest revenue share is expected to be retained by the North America region, owing to rising initiatives to shift from opioid crises, the presence of multiple major players, better healthcare infrastructure and government regulation on drug approval.

Increasing Incidences of Pain-Related Disorders to Induce a Surge in the Non-opioid Pain Patch Market

According to NIH (National Institute of Health), pain is among the most common problem in the US. Pain has a deeper impact on the socio-economic system than the combination of cardiovascular diseases, cancer, and diabetes together. According to a study published in PMC by the medicines journal in 2017, the socio-economic burden experienced by US citizens due to chronic pain falls in the range of USD 600 billion. As per, CDC around 43% of the population suffer from pain on some days and around 20% of the population suffer from pain every day or on most days. Chronic pain initiates in numerous ways, for instance, from trauma which could include an accident or back strain due to heavy lifting among other ways, an underlying disease like pancreatitis, spine disease, arthritis, and autoimmune diseases, or it can occur with fibromyalgia or persistent migraines. There are numerous risk factors for chronic pain. Non-opioid patches are more preferable because it does not involve the risk of addiction as with opioid drug patches like fentanyl patches and also the drugs is released over a long period of time, therefore, helping in managing the pain for a longer duration and considered as a valuable driver for this market.
Other driving factors include increasing R&D on pain management treatments and increasing awareness associated with the side effects of opioid medications.

Low Adoption Rate of Non-Opioid Pain Patch Due to Unawareness to Impede the Growth of Non-opioid Pain Patch Market

There is a range of therapeutic and treatment options when it comes to pain management in the market. These alternatives include physiotherapy, low-level laser therapy, pulsed electromagnetic field therapy, neural therapy, matrix regeneration therapy, massage, acupuncture and herbal alternatives. Along with that, there is a low awareness about non-opioid patches in general. Also, newer forms of treatment which involve the use of cannabinoids therapies are being approved and are becoming popular among the caregivers. Non-pharmacological alternatives like homemade herbal remedies Unani and ayurvedic medicines have become common in the Asia Pacific and South America. Considering that these regions represent a high percentage of the market the alternatives acts as a restraint for the growth of the market during the forecast period.
Another major hindrance for this market includes adhesion defects and less awareness in the market about therapeutic advantages.

North America to Expected to Maintain Lead in the Non-opioid Pain Patch Market

North America is expected to retain its dominance in this market over the forecast period, 2018-2023. According to statistics of the Global Burden of Disease, in 2014, back pain was ranked amongst the top ten diseases and injuries. In US, as per the health economists, the annual costs of chronic pain is more than the USD 650 billion, which is more than expenditure in other chronic diseases such as cancer, cardiovascular disease, and diabetes. In addition, the countries in North America are increasingly facing scrutiny on the opioid crises issue, from the government authorities, which in turn are expected to benefit the rise of non-opioid alternatives. Asia Pacific is expected to emerge as a significant market for non-opioid pain patch expanding at a relatively high CAGR between 2018 and 2023.

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The global Non-opioid Pain Patch market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Non-opioid Pain Patch Market Report covers the Top Key-players in 2021:-

  • Acorda Therapeutics
  • Inc.
  • Allergan
  • Endo International PLC
  • GlaxoSmithKline PLC
  • Hisamitsu Pharmaceutical Co.
  • Inc.
  • IBSA Institut Biochimque SA
  • Mylan N.V.
  • Pfizer
  • Inc.
  • TEH SENG Pharmaceutical Mfg. Co.
  • Ltd.
  • and Teikoku Seiyaku Co.
  • Ltd.
  • among others.

Highlighted points of Non-opioid Pain Patch Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Non-opioid Pain Patch Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Non-opioid Pain Patch? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Non-opioid Pain Patch Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Non-opioid Pain Patch Market? What Was Capacity, Production Value, Cost and PROFIT of Non-opioid Pain Patch Market?
  • What Is Current Market Status of Non-opioid Pain Patch Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Non-opioid Pain Patch Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Non-opioid Pain Patch Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Non-opioid Pain Patch Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Non-opioid Pain Patch Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Non-opioid Pain Patch Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Non-opioid Pain Patch Industry?

Key Developments in the Non-opioid Pain Patch Market:

  • Feb 2018: FDA approved lidocaine topical system (ZTlido, Sorrento Therapeutics) 1.8% for the treatment of pain associated with post-herpetic neuralgia (PHA). Approval of this next-generation lidocaine patch marks significant progress for analgesics because it can deliver pain relief for up to 12 hours, including during exercise.

    Reasons to Purchase the Non-opioid Pain Patch Market Report

  • Current and future Non-opioid Pain Patch Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Non-opioid Pain Patch Market 2021 describes the Non-opioid Pain Patch industry expansion game plan, the Non-opioid Pain Patch industry knowledge supply, appendix, analysis findings, and the conclusion.

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