Nth America Pharma & FMCG License
Athletes Gel is offering an exclusive USA/Canada License to sell, market and distribute our product within Nth America.
NTH AMERICAN PHARMA LICENSE
MARKET VALUE 2.5B
Topical pain relievers are the second fastest-growing group of OTC medications sold in Nth America. The U.S. topical pain relief market size was valued at $2.3 Billion in 2017 and is projected to reach $3.7 Billion by 2025 at a CAGR of 6.0% from 2018 to 2025. There are over 26,000 Pharmacies & Drug Stores businesses in the US as of 2020.
Topical Pain Relief
The health and wellness industry is booming and those looking to benefit from an active life style will achieve more with Athletes Gel.Consumers are also actively seeking reasonably priced natural alternatives, which reduce the need to utilize oral pain medications and avoid the negative connotations of NSAID overuse.
Pharmaceutical Market Dynamics
The growth of the U.S. topical pain relief market is driven by an increase in the prevalence of arthritis, other bone-related conditions and diabetic neuropathy, which leads to pain. Other factors that boost the market growth include a rise in adoption of topical pain relief products as they cause less side effects, compared to oral pain relief. Additionally there is an upsurge in the geriatric population across the U.S. who still seek active lifestyles. Those playing sport are also driving demand for topical pain relief.
Pharmacies & drug stores are the major revenue contributors in the U.S. topical pain relief market due to higher presence and wide availability of drugs. On the other side, e-commerce segment is anticipated to exhibit fastest U.S. topical pain relief market growth during the forecast period owing to higher digital literacy among the population. These channels offer advantages including reduced costs, convenience, price comparisons and access to patient reviews.
The demand for topical treatments, continue to grow as 16% of the US population are now 65 years and older, according to the U.S. Population Census Office. The Centre for Disease Control, states that more than 54 million people have arthritis and it is a leading cause of work disability, costing $303.5 billion per annum, for medical care and lost earnings. The health and wellness industry is booming however and those looking to benefit from anactive lifestyle will achieve more with Athletes Gel.