| Product Code: ETC7542977 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, India`s external analgesics import market continued to showcase strong growth, with a notable increase in concentration levels. The top countries exporting to India, including the USA, Switzerland, and China, indicate a diverse mix of sources for these products. The high Herfindahl-Hirschman Index (HHI) in 2023 further intensified in 2024, reflecting a very concentrated market landscape. With a promising Compound Annual Growth Rate (CAGR) of 3.38% from 2020 to 2024 and an impressive growth rate of 34.61% in 2023-24, the external analgesics segment in India presents lucrative opportunities for market players.

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 India External Analgesics Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India External Analgesics Market Revenues & Volume, 2021 & 2031F |
3.3 India External Analgesics Market - Industry Life Cycle |
3.4 India External Analgesics Market - Porter's Five Forces |
3.5 India External Analgesics Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India External Analgesics Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India External Analgesics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about self-medication and over-the-counter products in India |
4.2.2 Growing prevalence of chronic pain conditions among the Indian population |
4.2.3 Rising disposable incomes leading to increased spending on healthcare products |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements for product approval and marketing in India |
4.3.2 Presence of counterfeit products impacting the credibility of external analgesics market |
4.3.3 Limited access to healthcare facilities in rural areas hindering market penetration |
5 India External Analgesics Market Trends |
6 India External Analgesics Market, By Types |
6.1 India External Analgesics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India External Analgesics Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 India External Analgesics Market Revenues & Volume, By Hot/Cold Products, 2021- 2031F |
6.1.4 India External Analgesics Market Revenues & Volume, By Disposable, 2021- 2031F |
6.1.5 India External Analgesics Market Revenues & Volume, By Non-Disposable, 2021- 2031F |
6.1.6 India External Analgesics Market Revenues & Volume, By Kinesiology Tape, 2021- 2031F |
6.1.7 India External Analgesics Market Revenues & Volume, By Heating Pads, 2021- 2031F |
6.1.8 India External Analgesics Market Revenues & Volume, By TENS Devices, 2021- 2031F |
6.2 India External Analgesics Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 India External Analgesics Market Revenues & Volume, By Retail/Brick & Mortar, 2021- 2031F |
6.2.3 India External Analgesics Market Revenues & Volume, By E-Commerce, 2021- 2031F |
6.2.4 India External Analgesics Market Revenues & Volume, By Others, 2021- 2031F |
7 India External Analgesics Market Import-Export Trade Statistics |
7.1 India External Analgesics Market Export to Major Countries |
7.2 India External Analgesics Market Imports from Major Countries |
8 India External Analgesics Market Key Performance Indicators |
8.1 Consumer awareness index regarding external analgesics |
8.2 Number of chronic pain cases reported annually in India |
8.3 Growth in per capita healthcare expenditure in India |
9 India External Analgesics Market - Opportunity Assessment |
9.1 India External Analgesics Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India External Analgesics Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India External Analgesics Market - Competitive Landscape |
10.1 India External Analgesics Market Revenue Share, By Companies, 2024 |
10.2 India 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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