Albany, New York, April 4, 2018: A new exhaustive study titled “Topical Pain Management Therapeutics in Sports Medicine Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global topic pain management therapeutics in sports medicine market is likely to grow at 8.9% CAGR during the forecast period.
According to the report, demand for topical pain management therapeutics in sports medicine is growing at a steady pace on account of their rapid and site-specific action. Sports medicine is moving towards quick relief and low-side-effect treatment options, and these factors are influencing the product and business strategies of manufacturers.
According to the report, the global topical pain management therapeutics in sports medicine market was valued at nearly US$ 1.4 Bn in the year 2016, and demand is likely to increase at a steady pace during the assessment period. The growth of the market is also likely to be fuelled by growth in the online platforms and introduction of novel pipelines.
The report segments the global market on the basis of therapeutic class, product and region. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
North America and Europe are among the leading markets for topical pain management therapeutics market. According to the report, demand for topical pain management therapeutics in these countries is driven by high number of population involved in sports activities. Manufacturers in North America and Europe are focusing on launching innovative products that have fewer side effects. Also, considering the regulations by sports bodies on the bans of certain medications, manufacturers are careful in not including those ingredients in their offerings.
In addition to North America and Europe, Asia Pacific is another leading market for topical pain management globally. The adoption of these medicines in South Korea, China, Southeast Asia, and India is likely to provide an impetus to the growth of the market during the assessment period.
The report profiles some of the leading players operating in the market. Some of these players are Topical BioMedics, Inc., Sanofi (Chattem, Inc. ), Teva Pharmaceutical Industries Limited, Pfizer Inc., Johnson & Johnson Services, Inc., Mayne Pharma Group Limited, Hisamitsu Pharmaceutical Co.,Inc., Endo Pharmaceuticals Inc., GlaxoSmithKline plc. and Beiersdorf AG. These players are focusing on consolidating their position in developing markets by launching cost-effective variants.
Browse Full Global Topical Pain Management Therapeutics in Sports Medicine Market Report with TOC : https://www.mrrse.com/topical-pain-management-therapeutics-sports-medicine-market
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