Press release
Lower Back Pain Market Fitness App Market Size to Reach USD 13421.46 million Globally with Growing CAGR of 5.40% by 2029, Share, Demand, Industry Trends, Growth Opportunities and Revenue Outlook
The entire Lower Back Pain market report is spread across more than 100 pages, list of tables & figures, profiling more than ten companies. The key topics of this industry analysis document can be mentioned as; Overview of Healthcare industry, Manufacturing cost structure analysis, Development and manufacturing plants analysis, Key figures of major manufacturers, Regional market analysis, Segment market analysis by type and by application, Major manufacturers analysis, Development trend analysis, Marketing channel, and Market dynamics. Market forecast section in the world class Lower Back Pain market analysis document is obsessed with production and production value forecast, key producers forecast by type, application, and regions.With Lower Back Pain advertising report, businesses will come to know current and future market outlook in the developed and emerging markets. It highlights the segment that is expected to dominate the market and the areas that are expected to observe the wildest growth during the predicted period. The report provides analysis of various perspectives of the market with the help of Porter's five forces analysis. This document helps identify the latest growths, market shares, and policies employed by the major market players. In addition, this market study affirms the leading players across the globe in the winning Lower Back Pain market and their key marketing dispositions and advertising enterprise have been highlighted to offer a clear understanding of the market.
Data Bridge Market Research analyses that the lower back pain market which was USD 8,812.01 million in 2021, would rocket up to USD 13421.46 million by 2029, and is expected to undergo a CAGR of 5.40% during the forecast period 2022 to 2029.
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Market Overview
Drivers
• Increase in nerve cases
Demand for the lower back pain market is anticipated to be driven by an inactive lifestyle and an increase in nerve cases. The increased use of novel antidepressants and the rising elderly population are additional significant factors driving the market's expansion. Within the forecast period, the market is expected to experience new, attractive growth prospects due to rising research and development, particularly in the area of lower back pain.
• Rise in anti-inflammatory medications
Anti-inflammatory medications' negligible adverse effects are encouraging a rise in their use as painkillers. The effectiveness of pharmaceuticals like diclofenac, ibuprofen, and naproxen as non-steroidal anti-inflammatory treatments is aiding the industry's growth. Additionally, the lower doses of these medications are commonly accessible without a doctor's prescription. The market for lower back pain is anticipated to rise as a result of market participants' efforts to create novel NSAIDs that would lessen patients' pain.
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Global Lower Back Pain Market Scope And Market Size
The lower back pain market is segmented on the basis of disease type, type, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Disease Type
• Acute
• Sub-Acute
• Chronic
• Type
Diagnosis
• Treatment
End User
• Hospitals
• Orthopaedic Clinics
• Ambulatory Surgery Centres
• Others
Distribution Channel
• Direct
• Retail
Some of the major players operating in the lower back pain market are:
• Pfizer Inc (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Sanofi (France)
• Endo Pharmaceuticals Inc. (Ireland)
• Merck & Co Inc. (U.S.)
• Dr. Reddy's Laboratories Ltd. (India)
• Vertebral Technologies, Inc. (U.S.)
• Medtronic (Ireland)
• Boston Scientific Corporation (U.S.)
• BioWave Corporation
• Koninklijke Philips N.V. (Netherlands)
• Astellas Pharma Inc. (Japan)
• SpineThera Inc. (U.S.)
• CELGENE CORPORATION (U.S.)
• Teva Pharmaceutical Industries Ltd. (Israel)
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