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Compound camphor ointment is an analgesic, which is used for temporarily relieving pain and itching. The ointment is used in treatment of fungal infections of cold sores, toenails, warts, hemorrhoids, and osteoarthritis. In addition, it is used to treat burns and heart disease symptoms such as chest congestion.
Inactive and sedentary lifestyle results in increased incidence of body pain, which fuels the demand for camphor ointments to relieving pain, swelling muscle relaxant & itching, and chest congestion, thereby driving the market growth. In addition, rise in disposable income and increase in awareness of preventive healthcare among population are anticipated to boost the market growth. However, overdose accidents and government regulations related to safety and efficacy of the compound camphor ointment hinder the market growth. Ongoing R&D activities related to compound camphor ointment are anticipated to present new opportunities for the market growth.
The market is segmented on the basis of application, formulation, and geography. Based on the application, the market is categorized into pain relief, anti-itching, fungal infection, and others. By formulation, it is classified into internal use and topical use. The geographical breakdown of each of the aforesaid segment is covered for North America, Europe, Asia-Pacific, and LAMEA.
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