Drug Price Trends for SM ARTHRICREAM RUB

Average Pharmacy Cost for SM ARTHRICREAM RUB

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
SM ARTHRICREAM RUB 10% CREAM	49348-0883-84	0.03299	GM	2024-02-21
SM ARTHRICREAM RUB 10% CREAM	49348-0883-84	0.03204	GM	2024-01-17

Market Analysis and Price Projections for SM Arthricream Rub

Market Overview

The topical pain relief market, which includes products like SM Arthricream Rub, is experiencing significant growth driven by several key factors. As of 2022, the US topical pain relief market was valued at USD 2,829.92 million and is projected to reach USD 4,466.79 million by 2032, growing at a CAGR of 4.67% from 2023 to 2032[1].

Key Drivers of Market Growth

Increasing Prevalence of Joint Pains and Arthritis

The rise in cases of joint pains and arthritis is a major driver for the topical pain relief market. As the population ages, the demand for effective pain relief solutions increases, making products like SM Arthricream Rub more appealing[1].

Geriatric Population Growth

The growing geriatric population also contributes to the market's expansion. Older adults often require more pain relief products, and topical solutions are preferred due to their lower side effect profile compared to oral medications[1].

Sports and Athletic Demand

There is a significant demand for topical pain relief products in the sports sector, where athletes often seek quick and effective pain relief without the side effects associated with oral pain relievers[1].

Product Characteristics

Active Ingredients and Formulation

SM Arthricream Rub contains 10% trolamine salicylate, which is comparable to the active ingredient in Aspercreme® Pain Relieving Creme. This formulation is designed to temporarily relieve minor aches and pains associated with arthritis, backache, strain, sprain, and bruises[5].

Availability and Distribution

The product is available in various distribution channels, including online platforms and retail stores. The growing e-commerce sector is expected to provide significant opportunities for the market, making it easier for consumers to access these products[1].

Market Segmentation

Therapeutic Class

The market can be segmented by therapeutic class, which includes products for arthritis, muscle and joint pain, and other specific pain conditions. SM Arthricream Rub falls under the category of products for arthritis and muscle and joint pain[1].

Type and Formulation

The product is available in the form of a cream, which is one of the common formulations in the topical pain relief market. Other forms include lotions, gels, and sprays[1].

Distribution Channel

The distribution channels for SM Arthricream Rub include online retailers, pharmacies, and general retail stores. The growth of e-commerce platforms is expected to enhance the product's reach and accessibility[1].

Price Projections and Revenue Estimation

Market Size Estimation

To estimate the revenue for SM Arthricream Rub, a bottom-up approach can be used, which involves several steps:

• Potential Market Size Estimation: This includes estimating the total population and the population in the target market.
• Incidence and Prevalence of Disease or Condition: Understanding the prevalence of arthritis and other conditions that the product targets.
• Addressable Market Size Estimation: Calculating the percentage of diagnosed patients and those treated for the condition.
• Penetration, Pricing Studies, Competitive Analysis: Analyzing the market penetration, pricing strategies, and competitive landscape[3].

Pricing and Revenue Forecast

Given the growing demand and the expected market size, the revenue for SM Arthricream Rub can be forecasted to increase. Here are some key considerations:

• Historical Penetration: Analyzing the historical penetration of similar products in the market.
• Preference Analysis: Conducting physician interviews and preference analysis to gauge acceptance and potential use.
• Reimbursement Analysis: Understanding the reimbursement landscape and how it affects the product's adoption[3].

Challenges and Opportunities

Side Effects and Unpleasant Smell

Despite the growth potential, the market faces challenges such as unpleasant smells and side effects associated with some topical pain relief products. However, SM Arthricream Rub, with its specific formulation, may mitigate some of these issues[1].

E-commerce Growth

The growing e-commerce platform presents a significant opportunity for the product. Online sales can increase accessibility and convenience for consumers, driving up demand and revenue[1].

Expert Insights and Statistics

Industry Trends

"Personalized medicine trends, emerging markets growth, pipeline development, focus on combination therapies, and increasing healthcare expenditure" are driving the broader pain relief market, including topical solutions[4].

Market Statistics

• The US topical pain relief market is expected to grow from USD 2,829.92 million in 2022 to USD 4,466.79 million by 2032[1].
• The global rheumatoid arthritis drugs market, which includes some topical pain relief products, is expected to grow from $60.82 billion in 2023 to $64.86 billion in 2028 at a CAGR of 1.5%[4].

Key Takeaways

• The US topical pain relief market is growing significantly due to increasing cases of joint pains and arthritis.
• The geriatric population and sports sector are key drivers of this growth.
• SM Arthricream Rub, with its 10% trolamine salicylate formulation, is well-positioned to benefit from these trends.
• E-commerce growth will enhance the product's accessibility and drive revenue.
• Despite challenges like side effects and unpleasant smells, the market's overall growth trajectory is positive.

Frequently Asked Questions (FAQs)

Q: What is the current market size of the US topical pain relief market? A: The US topical pain relief market was valued at USD 2,829.92 million in 2022[1].

Q: What is the projected growth rate of the US topical pain relief market? A: The market is expected to grow at a CAGR of 4.67% from 2023 to 2032[1].

Q: What are the key drivers of the growth in the topical pain relief market? A: Key drivers include the increasing prevalence of joint pains and arthritis, growing geriatric population, and demand from the sports sector[1].

Q: What are the common formulations of topical pain relief products? A: Common formulations include lotions, creams, gels, and sprays[1].

Q: How does the growth of e-commerce impact the topical pain relief market? A: The growth of e-commerce enhances the accessibility and convenience of topical pain relief products, driving up demand and revenue[1].

Cited Sources:

1. The Brainy Insights. US Topical Pain Relief Market Trends, Drivers, and Opportunities 2032.
2. Instacart. Equate Arthricream Rub Pain Relieving Cream.
3. iHealthcareAnalyst. Revenue Forecasting Techniques for New Pharmaceutical Drugs.
4. The Business Research Company. Global Rheumatoid Arthritis Drugs Market Report 2024.
5. WellBefore. sunmark Arthricream Rub - Pain Relief.