The compound camphor ointment market size has grown strongly in recent years. It will grow from $2.47 billion in 2023 to $2.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth during the historic period can be attributed to the growing preference for topical analgesics, the expanding geriatric population, and the increasing demand for natural remedies.
The compound camphor ointment market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the increasing prevalence of musculoskeletal disorders, the growing aging population, the rise in healthcare expenditure, and the increasing preference for traditional medicine. Major trends expected during the forecast period include innovative formulations, advancements in medical technologies, partnerships, and increased investments.
The increasing prevalence of musculoskeletal disorders is set to drive the growth of the compound camphor ointment market. Musculoskeletal disorders (MSDs) affect muscles, bones, joints, ligaments, tendons, and soft tissues in the body, often resulting from factors such as repetitive motion, poor posture, overuse, and incorrect lifting techniques. Compound camphor ointment, known for its analgesic and anti-inflammatory properties, is commonly used to alleviate pain and inflammation in joints and muscles, making it particularly beneficial for musculoskeletal issues. For example, as per the World Health Organization's report in July 2022, approximately 1.71 billion people worldwide suffer from musculoskeletal conditions. Additionally, an international study by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington projected a 115% increase in musculoskeletal disorders in the US from 2020 to 2050, reaching 1.06 billion cases. Hence, the growing prevalence of musculoskeletal disorders is propelling the compound camphor ointment market.
Key players in the compound camphor ointment market are concentrating on innovating topical pain relievers to enhance effectiveness, improve patient comfort, and cater to specific consumer needs. Topical pain relievers are medications applied directly to the skin for pain relief, commonly used to treat musculoskeletal pain. For instance, in July 2021, Aleve, a pharmaceutical company based in the US, introduced AleveX, a new range of topical analgesics containing active ingredients such as menthol and camphor. These products come in various forms such as pain-relieving lotion, pain-relieving spray, and pain-relieving massaging stainless steel roll-on, providing temporary relief for minor muscle and joint aches with targeted, fast, powerful, and long-lasting application.
In October 2023, Kobayashi Pharmaceutical Co. Ltd., a Japan-based pharmaceutical company, acquired Focus Consumer Healthcare LLC for an undisclosed sum. This acquisition highlights TrueNorth's ability to assist clients in executing strategic transactions that drive growth and add value in the healthcare and consumer products sectors. Focus Consumer Healthcare LLC, based in the US, specializes in manufacturing compound camphor ointments.
Major companies operating in the compound camphor ointment market are CVS Health, McKesson, Cigna Corp., Johnson & Johnson, China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Cipla Limited, Greenbrier International Inc, Mallinckrodt Plc, Emcure Pharmaceuticals Limited, Vi-jon Laboratories, Oriental Aromatics Ltd., Amrutanjan Health Care limited, Delon Laboratories Inc., Mentholatum Company, Frey & Lau GmbH, Indiana botanic gardens, DLC Laboratories Inc., GHC Group LLC, Focus Consumers Health care LLC, Caribe Natural LLC, Emu Joy, Himalaya Wellness Co., AVN Ayurveda Formulations Pvt. Ltd., Ilesol Pharmaceuticals, Thera Wise.
North America was the largest region in compound camphor ointment in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the compound camphor ointment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the compound camphor ointment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Compound camphor ointment is a topical medication typically containing camphor as its active ingredient, alongside other components such as menthol and various carrier agents. Camphor, derived from the wood of the camphor tree or synthesized from turpentine oil, offers analgesic (pain-relieving), antipruritic (anti-itch), and counterirritant properties.
The main types of compound camphor ointments are for internal and topical use. Internal use involves applying or ingesting the ointment within the body. These ointments are available through retail pharmacies, hospital pharmacies, and online pharmacies for various purposes, including pain relief, anti-itching, treatment of fungal infections, and others.
The compound camphor ointments market research report is one of a series of new reports that provides compound camphor ointments market statistics, including compound camphor ointments industry global market size, regional shares, competitors with a compound camphor ointments market share, detailed compound camphor ointments market segments, market trends, and opportunities, and any further data you may need to thrive in the compound camphor ointments industry. This compound camphor ointments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The compound camphor ointment market consists of sales of cold sore remedies, wart removal ointments, and hemorrhoid relief ointments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The compound camphor ointment market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the increasing prevalence of musculoskeletal disorders, the growing aging population, the rise in healthcare expenditure, and the increasing preference for traditional medicine. Major trends expected during the forecast period include innovative formulations, advancements in medical technologies, partnerships, and increased investments.
The increasing prevalence of musculoskeletal disorders is set to drive the growth of the compound camphor ointment market. Musculoskeletal disorders (MSDs) affect muscles, bones, joints, ligaments, tendons, and soft tissues in the body, often resulting from factors such as repetitive motion, poor posture, overuse, and incorrect lifting techniques. Compound camphor ointment, known for its analgesic and anti-inflammatory properties, is commonly used to alleviate pain and inflammation in joints and muscles, making it particularly beneficial for musculoskeletal issues. For example, as per the World Health Organization's report in July 2022, approximately 1.71 billion people worldwide suffer from musculoskeletal conditions. Additionally, an international study by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington projected a 115% increase in musculoskeletal disorders in the US from 2020 to 2050, reaching 1.06 billion cases. Hence, the growing prevalence of musculoskeletal disorders is propelling the compound camphor ointment market.
Key players in the compound camphor ointment market are concentrating on innovating topical pain relievers to enhance effectiveness, improve patient comfort, and cater to specific consumer needs. Topical pain relievers are medications applied directly to the skin for pain relief, commonly used to treat musculoskeletal pain. For instance, in July 2021, Aleve, a pharmaceutical company based in the US, introduced AleveX, a new range of topical analgesics containing active ingredients such as menthol and camphor. These products come in various forms such as pain-relieving lotion, pain-relieving spray, and pain-relieving massaging stainless steel roll-on, providing temporary relief for minor muscle and joint aches with targeted, fast, powerful, and long-lasting application.
In October 2023, Kobayashi Pharmaceutical Co. Ltd., a Japan-based pharmaceutical company, acquired Focus Consumer Healthcare LLC for an undisclosed sum. This acquisition highlights TrueNorth's ability to assist clients in executing strategic transactions that drive growth and add value in the healthcare and consumer products sectors. Focus Consumer Healthcare LLC, based in the US, specializes in manufacturing compound camphor ointments.
Major companies operating in the compound camphor ointment market are CVS Health, McKesson, Cigna Corp., Johnson & Johnson, China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Cipla Limited, Greenbrier International Inc, Mallinckrodt Plc, Emcure Pharmaceuticals Limited, Vi-jon Laboratories, Oriental Aromatics Ltd., Amrutanjan Health Care limited, Delon Laboratories Inc., Mentholatum Company, Frey & Lau GmbH, Indiana botanic gardens, DLC Laboratories Inc., GHC Group LLC, Focus Consumers Health care LLC, Caribe Natural LLC, Emu Joy, Himalaya Wellness Co., AVN Ayurveda Formulations Pvt. Ltd., Ilesol Pharmaceuticals, Thera Wise.
North America was the largest region in compound camphor ointment in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the compound camphor ointment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the compound camphor ointment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Compound camphor ointment is a topical medication typically containing camphor as its active ingredient, alongside other components such as menthol and various carrier agents. Camphor, derived from the wood of the camphor tree or synthesized from turpentine oil, offers analgesic (pain-relieving), antipruritic (anti-itch), and counterirritant properties.
The main types of compound camphor ointments are for internal and topical use. Internal use involves applying or ingesting the ointment within the body. These ointments are available through retail pharmacies, hospital pharmacies, and online pharmacies for various purposes, including pain relief, anti-itching, treatment of fungal infections, and others.
The compound camphor ointments market research report is one of a series of new reports that provides compound camphor ointments market statistics, including compound camphor ointments industry global market size, regional shares, competitors with a compound camphor ointments market share, detailed compound camphor ointments market segments, market trends, and opportunities, and any further data you may need to thrive in the compound camphor ointments industry. This compound camphor ointments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The compound camphor ointment market consists of sales of cold sore remedies, wart removal ointments, and hemorrhoid relief ointments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Compound Camphor Ointment Market Characteristics3. Compound Camphor Ointment Market Trends and Strategies32. Global Compound Camphor Ointment Market Competitive Benchmarking33. Global Compound Camphor Ointment Market Competitive Dashboard34. Key Mergers and Acquisitions in the Compound Camphor Ointment Market
4. Compound Camphor Ointment Market - Macro Economic Scenario
5. Global Compound Camphor Ointment Market Size and Growth
6. Compound Camphor Ointment Market Segmentation
7. Compound Camphor Ointment Market Regional and Country Analysis
8. Asia-Pacific Compound Camphor Ointment Market
9. China Compound Camphor Ointment Market
10. India Compound Camphor Ointment Market
11. Japan Compound Camphor Ointment Market
12. Australia Compound Camphor Ointment Market
13. Indonesia Compound Camphor Ointment Market
14. South Korea Compound Camphor Ointment Market
15. Western Europe Compound Camphor Ointment Market
16. UK Compound Camphor Ointment Market
17. Germany Compound Camphor Ointment Market
18. France Compound Camphor Ointment Market
19. Italy Compound Camphor Ointment Market
20. Spain Compound Camphor Ointment Market
21. Eastern Europe Compound Camphor Ointment Market
22. Russia Compound Camphor Ointment Market
23. North America Compound Camphor Ointment Market
24. USA Compound Camphor Ointment Market
25. Canada Compound Camphor Ointment Market
26. South America Compound Camphor Ointment Market
27. Brazil Compound Camphor Ointment Market
28. Middle East Compound Camphor Ointment Market
29. Africa Compound Camphor Ointment Market
30. Compound Camphor Ointment Market Competitive Landscape and Company Profiles
31. Compound Camphor Ointment Market Other Major and Innovative Companies
35. Compound Camphor Ointment Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Compound Camphor Ointment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on compound camphor ointment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for compound camphor ointment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The compound camphor ointment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Formulation: Internal Use; Topical Use2) By Distribution: Retail Pharmacies; Hospital Pharmacies; Online Pharmacies
3) By Application: Pain Relief; Anti-Itching; Fungal Infection; Other Applications
Key Companies Mentioned: CVS Health; McKesson; Cigna Corp.; Johnson & Johnson; China Resources Sanjiu Medical & Pharmaceutical Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CVS Health
- McKesson
- Cigna Corp.
- Johnson & Johnson
- China Resources Sanjiu Medical & Pharmaceutical Co. Ltd.
- Cipla Limited
- Greenbrier International Inc
- Mallinckrodt Plc
- Emcure Pharmaceuticals Limited
- Vi-jon Laboratories
- Oriental Aromatics Ltd.
- Amrutanjan Health Care limited
- Delon Laboratories Inc.
- Mentholatum Company
- Frey & Lau GmbH
- Indiana botanic gardens
- DLC Laboratories Inc.
- GHC Group LLC
- Focus Consumers Health care LLC
- Caribe Natural LLc
- Emu Joy
- Himalaya Wellness Co.
- AVN Ayurveda Formulations Pvt. Ltd.
- Ilesol Pharmaceuticals
- Thera Wise
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.61 Billion |
Forecasted Market Value ( USD | $ 3.28 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |