Press release
Chronic Pain Global Market Size, Share, Growth, Trends And Forecast 2023-2032
Chronic Pain Market Report
The Business Research Company's Chronic Pain Global Market Report 2023 identifies the prevalence of chronic pain patients as the major driver for the chronic pain market's growth in the forecast period. Chronic pain patients refer to individuals who experience persistent or long-lasting pain that lasts beyond the normal healing process or persists for an extended period, typically exceeding three months. The high prevalence of chronic pain patients drives the growth of the chronic pain market, as the increasing demand for effective pain management solutions, including pharmaceuticals and medical devices, creates opportunities for innovation and development within the industry.
The global chronic pain market size is expected to grow from $66.20 billion in 2022 to $72.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of chronic pain market is expected to reach $97.94 billion in 2027 at a CAGR of 7.95%.
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Major competitors in the chronic pain market are Pfizer Inc., Johnson & Johnson, AbbVie Inc., Novartis AG, Sanofi S.A.,
A key trend in the chronic pain market includes alternative pain management technologies. Companies operating in the chronic pain market are focused on developing innovative portable and user-friendly nerve stimulation devices that use electrical impulses to stimulate nerves and reduce pain, providing a non-invasive pain management option, to sustain their position in the market.
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The chronic pain market is segmented -
•By Product: Drug, Devices
•By Indication: Neuropathic Pain, Arthritis Pain, Chronic Back Pain, Cancer Pain, Migraine, Fibromyalgia, Other Indications
•By End User: Hospitals, Clinics, Research Organization
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the chronic pain market.
The Business Research Company's "Global Chronic Pain 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 Chronic Pain Market Include:
1. Executive Summary
3. Chronic Pain Market Trends And Strategies
4. Chronic Pain Market - Macro Economic Scenario
5. Global Chronic Pain Historic Market Size and Growth
……
32. Global Chronic Pain Market Competitive Benchmarking
33. Global Chronic Pain Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chronic Pain Market
35. Chronic Pain Market Future Outlook and Potential Analysis
36. Appendix
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