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Diabetic Neuropathy Market Report 2023-2032: Market Size, Growth, Industry Demand And Forecast | Pfizer Inc., Eli Lilly and Company, GSK PLC (GlaxoSmithKline PLC), Daiichi Sankyo Company Limited, Johnson & Johnson
Diabetic Neuropathy Market
The Business Research Company's Diabetic Neuropathy Global Market Report 2023 identifies rising prevalence of diabetes as the major driver for the Diabetic Neuropathy market's growth in the forecast period. Diabetes is a persistent disorder where the body struggles to use and store glucose appropriately (a type of sugar). Diabetes occurs when the body either does not create enough insulin (a hormone that aids in blood sugar regulation) or does not use insulin effectively.
The global diabetic neuropathy market size is expected to grow from $4.52 billion in 2022 to $4.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global diabetic neuropathy market size is expected to reach $6.90 billion in 2027 at a CAGR of 8.5%.
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Major competitors in the Diabetic Neuropathy market are Pfizer Inc., Eli Lilly and Company, GSK PLC (GlaxoSmithKline PLC), Daiichi Sankyo Company Limited, Johnson & Johnson.
A key trend in the Diabetic Neuropathy market includes technological advancement. Major companies operating in the diabetic neuropathy market are focused on providing innovative solutions to strengthen their position in the market. For instance, in July 2021, Nevro Corporation, a US-based medical device company, developed Senza (also known as "HFX"), a high spinal cord stimulation technology for the treatment of painful diabetic neuropathy (PDN), a condition that affects up to one-third of people with diabetes (PWDs) in the United States and causes loss of sensation and pain in the lower limbs. Senza® HFX iQTM is the next generation technology that uses artificial intelligence to optimise and maintain pain alleviation based on each patient's response.
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The Diabetic Neuropathy market is segmented -
1. By Disorder: Peripheral Neuropathy, Autonomic Neuropathy, Proximal Neuropathy, Focal Neuropathy
2. By Drug Class: Analgesics, Anti-Depressants, Anti-consulvants, Other Drug Classes
3. By Treatment: Drug Treatment, Radiotherapy, Physiotherapy, Other Treatments
4. By Distribution Channel: Online Distribution, Offline Distribution
5. By End-user: Hospitals, Specialty Clinics, Other End-users
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Diabetic Neuropathy market.
The Business Research Company's "Global Diabetic Neuropathy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Diabetic Neuropathy Market Include:
1. Executive Summary
2. Diabetic Neuropathy Market Characteristics
3. Diabetic Neuropathy Market Trends And Strategies
4. Diabetic Neuropathy Market - Macro Economic Scenario
5. Diabetic Neuropathy Market Size And Growth
……
26. Africa Diabetic Neuropathy Market
27. Diabetic Neuropathy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Diabetic Neuropathy Market
29. Diabetic Neuropathy Market Future Outlook and Potential Analysis
30. Appendix
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