Neuropathic Pain Market Size, Analysis, and Forecast Report 2021-2028

Market Analysis and Insights: Global Neuropathic Pain Market
The neuropathic pain market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2021 to 2028 and is expected to reach USD 9,124.84 million by 2028. As these devices are long lasting and efficient which is the major driver boosting the demand of the neuropathic pain market in the forecast period. Growing prevalence of chronic pain and neuropathic pain condition associated with many diseases will act as a driver for the growth of the neuropathic pain market.

Neuropathic pain is caused by a lesion or disease of the somatosensory system including peripheral fibres (Aβ, Aδ and C fibres) and central neurons and affects 7–10% of the general population. Multiple causes of neuropathic pain have been described and its incidence is likely to increase owing to the aging global population, increased incidence of diabetes mellitus and improved survival from cancer after chemotherapy.
Increasing R&D expenditure by various market players to create advanced products is expected to drive the growth of the neuropathic pain market. Limitation associated with the medical devices which limits the use of products is expected to act as restraint for the growth of the neuropathic pain market. High risk of neuropathic pain with ageing and rising older population in many countries will create an opportunity for the growth of the neuropathic pain market. Use of traditional therapies in emerging countries due to low health expenditure and disrupted supply chain is expected to act as a challenge for the growth of the neuropathic pain market.

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Neuropathic Pain Market Scope and Market Size
The neuropathic pain market is segmented on the basis of the type, product type, procedure, technology, modality, mode of purchase, pain type, indication, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the neuropathic pain market is segmented into spinal cord stimulation (SCS) devices, external peripheral nerve stimulation and transcutaneous electrical nerve stimulation (TENS) devices. In 2021, spinal cord stimulation (SCS) devices segment dominate the neuropathic pain market due to the vast usage of these devices for various neuropathic pain indications and the wide range of the products available in the market.
• On the basis of product type, the neuropathic pain market is segmented into rechargeable and non-rechargeable. In 2021, the rechargeable segment is expected to show significant growth because rechargeable devices avoid the discharged battery's surgical replacement in traditional devices.
• On the basis of procedure, the neuropathic pain market is segmented into invasive and non-invasive. In 2021, the invasive segment is expected to dominate the market because these devices available in the market are generally operating by invasive procedures that generally provide better efficiency for neuropathic pain.
• On the basis of technology, the neuropathic pain market is segmented into transcutaneous electrical nerve stimulation, transcranial magnetic stimulation and respiratory electrical stimulation. In 2021, the transcutaneous electrical nerve stimulation segment is expected to show significant growth because transcutaneous electrical nerve stimulation is a non-invasive, inexpensive, self-administered technique to relieve pain due to the growing technological advancement, these devices are increasing their market size.

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Growing Strategic Activities by Major Market Players to Enhance the Awareness for Neuropathic Pain, is Boosting the Market Growth of Neuropathic Pain Market.
Neuropathic pain market also provides you with detailed market analysis for every country growth in neuropathic pain industry. Moreover, it provides detailed information regarding neuropathic pain sales, impact of regulatory scenarios, and trending parameters regarding neuropathic pain market. The data is available for historic period 2010 to 2019..

Competitive Landscape and Neuropathic Pain Market Share Analysis
Neuropathic pain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to neuropathic pain market.

The major companies providing Neuropathic pain in the global Neuropathic pain market are NERVO CORP., SPT Therapeutics, Stimwave LLC, AVNS, Cirtec, Integer Holdings Corporation, B. Braun Melsungen AG, Medtronic, Abbott, Boston Scientific Corporation, Omron Healthcare Inc., electroCore, Inc., Polar Medical, SunMed, and NeuroMetrix, Inc. among others.

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