The Chronic Pain Market refers to the pharmaceutical and medical devices industry involved in the development, production, and distribution of products used for the management and treatment of chronic pain conditions. Chronic pain is defined as persistent pain that lasts for several months or longer and often does not respond well to conventional pain management approaches.
The chronic pain market has been growing significantly over the years due to various factors, including an aging population, increased prevalence of chronic pain conditions, and advancements in medical technology. The market encompasses a wide range of therapeutic options, including medications, medical devices, and alternative therapies.
Medications used for chronic pain management include nonsteroidal anti-inflammatory drugs (NSAIDs), opioids, anticonvulsants, antidepressants, and topical analgesics. These medications are prescribed to alleviate pain, reduce inflammation, and manage related symptoms.
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The Chronic Pain Market is anticipated to grow from US$ 73.14 billion in 2023 to US$ 142.53 billion by 2033, rising at a CAGR of 6.9% during the forecast period. Globally, there were more than 187 million cases of chronic pain in 2020, and from 2023 to 2033, it is predicted that this number will rise quickly.
Medical devices used in the chronic pain market include spinal cord stimulators, implantable drug delivery systems, and nerve stimulation devices. These devices aim to provide targeted pain relief by modulating the nervous system or delivering medications directly to the affected area.
Critical Questions Answered in the Report
- What are ongoing trends that will shape market growth curve for global Chronic Pain Market?
- What are the drivers and challenges affecting the Chronic Pain Market demand?
- What are the recent technological advancement in the Chronic Pain Market?
- What are key trends and opportunities that will prevail the revenue growth of Chronic Pain Market players?
- How will evolving regulatory policies impact the market growth?
- What is the impact of Covid-19 on the Chronic Pain Market?
Chronic Pain Market: Segmentation
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Detailed analysis on the geographical region and country wise insights are offered in the latest Chronic Pain Market report with established market players as well as incumbents in the region.
By Segment:
By Product:
- Drugs
- Devices
By Indication:
- Neuropathic Pain
- Arthritis Pain
- Chronic Back Pain
- Cancer Pain
- Migraine
- Fibromyalgia
- Others
By Application:
- Musculoskeletal
- Neuropathy
- Oncology
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.
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Competitive Analysis
By Prominent Market Players
- Eli Lilly and Company
- Dickinson and Company
- Medtronic plc
- Johnson & Johnson
- Novartis AG
- AstraZeneca PLC
- Becton
- Bristol-Myers Squibb Company
- Sanofi
With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Chronic Pain Market
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Why Future Market Insights?
- Comprehensive analysis on evolving purchase pattern across different geographies
- Detailed insights of market segments and sub-segments for historical as well as forecast period
- A competitive analysis of prominent players and emerging players in the Chronic Pain Market
- Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
- Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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