| Product Code: ETC7521347 | Publication Date: Sep 2024 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Iceland external analgesics market witnessed a steady increase in imports from 2020 to 2024. The Compound Annual Growth Rate (CAGR) for this period stood at 8.71%. Notably, in 2023-2024, the year-on-year growth rate spiked to 9.44%, indicating a significant surge in import volumes during that specific year.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland External Analgesics Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland External Analgesics Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland External Analgesics Market - Industry Life Cycle |
3.4 Iceland External Analgesics Market - Porter's Five Forces |
3.5 Iceland External Analgesics Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Iceland External Analgesics Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Iceland External Analgesics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of external analgesics in managing pain |
4.2.2 Growing aging population in Iceland leading to higher demand for pain relief products |
4.2.3 Rising prevalence of musculoskeletal disorders and sports injuries driving the need for external analgesics |
4.3 Market Restraints |
4.3.1 Stringent regulations and approvals required for external analgesics in Iceland |
4.3.2 Competition from alternative pain relief products such as oral medications and natural remedies |
5 Iceland External Analgesics Market Trends |
6 Iceland External Analgesics Market, By Types |
6.1 Iceland External Analgesics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Iceland External Analgesics Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Iceland External Analgesics Market Revenues & Volume, By Hot/Cold Products, 2021- 2031F |
6.1.4 Iceland External Analgesics Market Revenues & Volume, By Disposable, 2021- 2031F |
6.1.5 Iceland External Analgesics Market Revenues & Volume, By Non-Disposable, 2021- 2031F |
6.1.6 Iceland External Analgesics Market Revenues & Volume, By Kinesiology Tape, 2021- 2031F |
6.1.7 Iceland External Analgesics Market Revenues & Volume, By Heating Pads, 2021- 2031F |
6.1.8 Iceland External Analgesics Market Revenues & Volume, By TENS Devices, 2021- 2031F |
6.2 Iceland External Analgesics Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Iceland External Analgesics Market Revenues & Volume, By Retail/Brick & Mortar, 2021- 2031F |
6.2.3 Iceland External Analgesics Market Revenues & Volume, By E-Commerce, 2021- 2031F |
6.2.4 Iceland External Analgesics Market Revenues & Volume, By Others, 2021- 2031F |
7 Iceland External Analgesics Market Import-Export Trade Statistics |
7.1 Iceland External Analgesics Market Export to Major Countries |
7.2 Iceland External Analgesics Market Imports from Major Countries |
8 Iceland External Analgesics Market Key Performance Indicators |
8.1 Number of new product launches and innovations in the external analgesics market |
8.2 Consumer satisfaction and feedback on the effectiveness of external analgesics products |
8.3 Growth in the distribution channels for external analgesics, such as pharmacies and online sales |
9 Iceland External Analgesics Market - Opportunity Assessment |
9.1 Iceland External Analgesics Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Iceland External Analgesics Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Iceland External Analgesics Market - Competitive Landscape |
10.1 Iceland External Analgesics Market Revenue Share, By Companies, 2024 |
10.2 Iceland External Analgesics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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