Press release
The Global Chronic Lower Back Pain Market was valued at USD 8.81 Bn in 2022 and is projected to grow at a CAGR of 5.39 percent during the forecast period. The market is expected to reach approximately USD 13.42 Bn by 2029.
Chronic Lower Back Pain Market
The Chronic Lower Back Pain Market encompasses a wide range of products and services, including medications, physical therapy, surgery, and alternative therapies. The report provides insights into the market's size, growth potential, market segmentation based on pain points and diagnosis, end-users, medication distribution channels, and regional analysis.
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The report utilizes a comprehensive research methodology, incorporating primary and secondary research, to gather and analyze data. Primary research includes interviews with industry experts, healthcare professionals, and patients, while secondary research involves studying relevant literature, company reports, and industry publications.
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Chronic Lower Back Pain Market Dynamics:
One of the significant factors driving the Chronic Lower Back Pain Market is the increasing prevalence of a sedentary lifestyle, which contributes to back problems. The market has witnessed substantial growth due to advancements in technology and the rising demand for treatments such as cortisone injections, medications, and chiropractic manipulation. Government funding and awareness campaigns have also played a crucial role in generating awareness about lower back problems.
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The long-term efficacy of treatments and the challenge of adherence to treatment plans pose significant restraints in the Chronic Lower Back Pain Market. Chronic pain management requires ongoing treatment and patient adherence, which can be challenging and lead to poor outcomes and increased healthcare costs. Medications may also have side effects that can impact patient well-being.
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Chronic Lower Back Pain Market Regional Insights:
North America leads the Chronic Lower Back Pain Market, followed by Europe. The United States, with companies like Pfizer and Merck and Co, holds a significant share in the industry. The market is rapidly growing in developing nations, where lower back pain affects more than 20 Percent of the population. The Asia-Pacific region, driven by population growth, increasing investments, and awareness programs, shows significant market potential. Europe and South America also contribute to the market share, with countries like Spain and Brazil experiencing prominent cases of chronic lower back pain.
Chronic Lower Back Pain Market Segmentation:
By Pain Points:
1. Facet-Joint Pain
2. Discogenic Pain
3. Lumbar Spinal Stenosis
4. Sacroiliac pain
By Type:
1. Clinical history
2. Physical examination
3. Imaging Guidelines
By Distribution Channels:
1. Retail Pharmacies
2. Online Pharmacies
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Chronic Lower Back Pain Market Key Competitors include:
1. Pfizer, Inc. (USA)
2. Endo Pharmaceuticals (USA)
3. Johnson & Johnson (USA)
4. Abbott Laboratories (USA)
5. AbbVie, Inc. (USA)
6. Bristol-Myers Squibb (USA)
7. Mylan N.V. (USA)
8. Biogen Inc.(USA)
9. Gilead Sciences, Inc. (USA)
10. Eli Lilly and Company (USA)
11. Merck & Co., Inc. (USA)
12. Purdue Pharma (USA)
13. Mallinckrodt Pharmaceuticals (USA)
14. Boehringer Ingelheim International GmbH (Germany)
15. Bayer AG (Germany)
16. Sanofi (France)
17. AstraZeneca (UK)
18. GlaxoSmithKline (UK)
19. Allergan (Ireland)
20. Medtronic (Ireland)
21. Novartis International AG (Switzerland)
22. F. Hoffmann-La Roche Ltd (Switzerland)
23. Teva Pharmaceutical Industries Ltd. (Israel)
24. Takeda Pharmaceutical Co. Ltd. (Japan)
25. Daiichi Sankyo (Japan)
Table of Content for Chronic Lower Back Pain Market
1. Global Chronic Lower Back Pain Market: Research Methodology
2. Global Chronic Lower Back Pain Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Chronic Lower Back Pain Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Chronic Lower Back Pain Market Segmentation
• Global Market, by Pain Points (2021-2029)
• Global Market, by Type (2021-2029)
• Global Market, by Distribution Channels (2021-2029)
5. Regional Chronic Lower Back Pain Market (2021-2029)
• Regional Market, by Pain Points (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Distribution Channels (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Pain Points, Type and Distribution Channels
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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