Topical Non-Steroidal Anti-Inflammatory Drugs Market in depth Expert Analysis - $0



The Global Topical Non-Steroidal Anti-Inflammatory Drugs Market has a rate of CAGR of 5.20% in the forecast period 2022 to 2029

Topical Non-Steroidal Anti-Inflammatory Drugs Market Analysis and Size
• Data Bridge Market Research analyses that the topical non-steroidal anti-inflammatory drugs market was valued at USD 2,517.73 million in 2021 and is expected to reach USD 3,776.90 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022 to 2029.
• The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
• NSAIDs are commonly used to treat pain associated with a range of illnesses, including arthritic conditions, but their effectiveness is sometimes restricted by dose-dependent adverse events (AEs) such as gastrointestinal disturbances, cardiovascular events, and renal toxicity.
• The use of topical formulations, which have the ability to provide analgesic doses locally, at the site of inflammation, while limiting systemic concentrations, could lessen the risk of such side effects.
• Diclofenac sodium 1.5 percent topical solution (including dimethyl sulfoxide as a penetration enhancer), diclofenac sodium gel 1 percent, and a diclofenac hydroxyethyl pyrrolidine 1.3 percent patch are the only topical treatments currently approved in the United States.
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Topical Non-Steroidal Anti-Inflammatory Drugs Market Dynamics
• Rise in the prevalence of pain related diseases
The rise in prevalence of pain related diseases such as keratosis, osteoarthritis and others is anticipated to flourish the growth rate of the market. Along with this, the growing prevalence of chronic disorders will enhance the demand for topical non-steroidal anti-inflammatory drugs market.
• Increasing investment in healthcare infrastructure
Another significant factor influencing the growth rate of the topical non-steroidal anti-inflammatory drugs market is the rising healthcare expenditure which helps in improving its infrastructure.
• Rising geriatric population
The surging geriatric population will propel the market's growth rate during the forecast period of 2022-2029. As per the World Ageing 2020 research, the world's population will be roughly 727 million people aged 65 and up in 2020. In 2050, the number of elderly people is expected to increase to 1.5 billion. The geriatric population is more prone to chronic ailments, which is anticipated to enhance the market's growth rate.

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Patient Epidemiology Analysis
Topical non-steroidal anti-inflammatory drugs market also provides you with detailed market analysis for patient analysis, prognosis, and cures. Prevalence, incidence, mortality, and adherence rates are some of the data variables that are available in the report. Direct or indirect impact analyses of epidemiology to the market growth are analyzed to create a more robust and cohort multivariate statistical model for forecasting the market during the growth period.

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Market Definition
Nonsteroidal anti-inflammatory drugs (NSAIDs) are creams, gels, rubs, solutions, or sprays that include a nonsteroidal anti-inflammatory agent and are designed to be administered directly to the skin overlaying a painful joint or bone area. They're used to treat arthritic symptoms including inflammation, edema, and stiffness and decrease pain. Topical nonsteroidal anti-inflammatory drugs (NSAIDs) can also be used to treat actinic keratosis (a precancerous patch of thick, scaly, or crusted skin).

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