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Lower Back Pain Market 2019: Pfizer Inc., Johnson & Johnson Services, Inc., Sanofi, Boston Scientific Corporation, BioWave Corporation
Lower Back Pain Market
Global Lower Back Pain Market research report gives details of recent developments, product launches, joint ventures, mergers, acquisitions, and competitive research by the several key players and brands that are driving the market. While forming this top-class market report containing detailed market analysis, inputs from industry experts have been chewed over.
A variety of definitions and classification of the industry, applications of the industry and chain structure are covered in this Global Lower Back Pain Market report. It also puts a light on the company profiles, product specifications, production value, company’s contact information and market shares for company. The Global Lower Back Pain Market report also provides all the CAGR projections for the historic year 2017, base year 2018, and forecast period of 2019-2026.
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Some of the major competitors currently working in the global lower back pain market are Pfizer Inc., Johnson & Johnson Services, Inc., Sanofi, Endo Pharmaceuticals Inc., Merck & Co., Inc., Dr. Reddy’s Laboratories Ltd., Vertebral Technologies, Inc., Medtronic, Boston Scientific Corporation, BioWave Corporation, Koninklijke Philips N.V., Stayble Therapeutics AB, Axsome Therapeutics, Inc. , Mesoblast Ltd, ALLERGAN, Frontier Biotechnologies Inc., Astellas Pharma Inc., SpineThera, Inc., CELGENE CORPORATION, Teva Pharmaceutical Industries Ltd. among others.
Low back pain (LBP) is a type of muscle tension, musculoskeletal pain, or rigidity located above the gluteal sulcus and below the bottom edge of rib cage. The low back pain can be of three types: acute, sub-acute and chronic. Numerous disorders and diseases which disturb the lumbar region of the spine can cause this type of pain. According to the National Institute of Neurological Disorders and Stroke 2019 report approximately 80 percent adults experience this type of low back pain at some point of time in their lifetimes. According to the American Chiropractic Association report, America spends approximately USD 50,000 million in health care for the low-back pain each year.
Market Drivers:
Inactive lifestyle is expected to drive the growth of the market
Rising nerve cases can act as a market driver
Rising use of emerging antidepressants is expected to boost the growth of this market
Increasing geriatric population also enhances the market growth
Market Restraints:
Unfavourable results of medications is expected to restrict the growth of the market
Stringent regulatory policies, is restricting the overall adoption of these meters
Unavailability of the medication is expected to restrict the growth of the market
View Detailed Table of Content @ https://www.databridgemarketresearch.com/toc/?dbmr=global-lower-back-pain-market
Segmentation: Global Lower Back Pain Market
By Type of Disease
Acute
Sub-Acute
Chronic
By Type
Diagnosis
Treatment
Surgery
Medications
Analgesic Medications
Nonsteroidal Anti-Inflammatory Drugs
Anticonvulsants
Antidepressants
Others
By End-User
Hospitals
Orthopaedic Clinics
Ambulatory Surgery Centres
Others
By Distribution Channel
Direct
Retail
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Market:
In July 2018, Pfizer Inc. and Eli Lilly and Company received FDA approval for its tanezumab which can be used in the treatment of chronic low back pain (CLBP) and chronic pain of osteoarthritis (OA) patients. Tanezumab is a new humanized monoclonal antibody. This drug binds and inhibits nerve growth factor (NGF). This is the first NGF inhibitor which has received the Fast Track designation for serious conditions
In July 2016, Relievant Medsystems, Inc. received FDA approval for its Intracept intraosseous nerve ablation system. This device is specially designed to treat chronic lower back pain. This product approval has created a milestone for the company
Vital Insights of the Report:
This Global Lower Back Pain Market research report provides an overview of the market and categorizes the market data by manufacturers, region, type and application.
Analyzes the market status, growth rate, future trends, market drivers, opportunities, challengers, risk and newly entrants.
Analyzing tools such as Porter’s Five force analysis, SWOT analysis, PESTLE analysis is provided in the report.
It offers the complete scenario of the industry and valuation of upcoming trends for the future market.
This Global Lower Back Pain Market research report underlines the information pertaining to market competition trends.
Further deliverables provided in the report includes the details about the sales channels deployed by prominent vendors in order to retail their stance in the industry.
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Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
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