Indian peripheral neuropathy treatment Market Size, Share, Analysis, Industry Report and Forecast 2020-2026Indian peripheral neuropathy treatment market is estimated to grow at a CAGR of 5.8% during the forecast period. The rising prevalence of diabetes is a major factor in accelerating market growth. As per the International Diabetes Federation (IDF), In India, the total cases of diabetes in adults were nearly 77 million in 2019. The most common diabetic complication is peripheral neuropathy. It is a severe diabetic complication that may affect nearly 50% of people suffering from diabetes. This condition affects the legs and feet first and is followed by hands and arms. This results in an increasing demand for diabetic peripheral neuropathy treatment in the country. Some antidepressants provide ease to nerve pain. Tricyclic antidepressants may support mild to moderate nerve pain. This class of drugs includes imipramine (Tofranil), amitriptyline, and desipramine (Norpramin).
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Indian peripheral neuropathy treatment market is segmented based on type and application. Based on type, the market is classified into antidepressants, pain relievers, antiseizure, and others. Based on the application, the market is classified into diabetes, chemotherapy-induced, and others. Rising cancer prevalence is leading to increasing demand for chemotherapy in the country. As per the World Health Organization (WHO), the number of new cancer incidences in India was nearly 1.1 million in 2018. This, in turn, is resulting in the demand for chemotherapy-induced peripheral neuropathy treatment in the country.
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Indian Peripheral Neuropathy Treatment Market Segmentation
· Pain Relievers
· Alembic Pharmaceuticals Ltd.
· Product Analysis
· Recent Developments
· Alkem Laboratories Ltd.
· Cipla Ltd.
· Dr Reddy’s Laboratories Ltd.
· Eli Lilly and Co.
· Glenmark Pharmaceuticals Ltd.
· Laurus Labs Ltd.
· Lupin Ltd.
· Pfizer Inc.
· Teva Pharmaceutical Industries Ltd.
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