openPR Logo
Press release

Chronic Low Back Pain (CLBP) Treatment Market Booming Worldwide with Latest Trend and Future Scope by 2029

09-23-2023 08:56 AM CET | Health & Medicine

Press release from: Orion Market Research

Chronic Low Back Pain (CLBP) Treatment Market Booming Worldwide

The chronic low back pain (CLBP) treatment market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2023-2030). According to the Center for Disease Control and Prevention enters (CDC), in 2019, 39.0% of adults had back pain. Adults aged 65 and over, women, and those with income below 100% of the federal poverty level (FPL) were most likely to experience back pain. Furthermore, according to World Health Organization (WHO), between 2015 and 2050, the proportion of the global population over 60 years will nearly double from 12% to 22%. Thus the growing geriatric population coupled with growing instances of lower back pain is the key factor anticipated to propel the market growth. In order to meet such rising demand, the market players are increasingly investing in R&D activities of new drugs for treating CLBP. For instance, in February 2019, Pfizer and Eli Lilly announced positive top-line results from a Phase 3 study of tanezumab in patients with moderate-to-severe chronic low back pain (CLBP). Tanezumab is part of an investigational class of non-opioid pain medications known as nerve growth factor inhibitors.

Further, the growing investment in healthcare companies manufacturing drugs for lower back pain management is driving market growth. For instance, in September 2022, IOL Chemicals and Pharmaceutical Ltd approved an investment worth $2.1 million in US Pharma Ltd. The company is involved in the manufacturing of back pain medicines such as acetaminophen and nonsteroidal anti-inflammatory drugs (NSAIDs).  The investment to the US Pharma Ltd will be further utilized to expand its services, research & development, and drug manufacturing capacity. Such investments are creating a positive outlook for the discovery of new drugs and improvising the effect of existing drugs which in turn is anticipated to boost the growth of the CLBP treatment market.

To Request a Sample of our Report on Chronic Low Back Pain (CLBP) Treatment Market:  https://www.omrglobal.com/request-sample/chronic-low-back-pain-clbp-treatment-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Treatment Type
By Distribution Channel
By End-User 

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Johnson & Johnson Services Inc, Pfizer Inc., Sanofi S.A., Endo Pharmaceuticals Inc., and Koninklijke Philips N.V.

Chronic Low Back Pain Treatment Market Report Segment

By Treatment Type

Analgesic Medications
Nonsteroidal Anti-Inflammatory Drugs (NSAIDS)
Anticonvulsants
Antidepressants
Others (Muscle Relaxants)

By Distribution Channel

Online
Offline

By End-User 

Hospitals
Orthopedic Clinic
Ambulatory Surgery Centers
Others (Educational institution)

A full Report of Chronic Low Back Pain (CLBP) Treatment Market is Available @  https://www.omrglobal.com/industry-reports/chronic-low-back-pain-clbp-treatment-market

Chronic Low Back Pain Treatment Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Boston Scientific Corp.
Bristol-Myers Squibb Co.
Eli Lilly and Co.
Endo Pharmaceuticals Inc.
GlaxoSmithKline plc
Johnson & Johnson Service Inc.
Koninklijke Philips N.V.
Lupin ltd.
Medtronic plc
Merck & Co., Inc., 
Novartis AG
Pfizer, Inc.
Sanofi S.A.
Takeda Pharmaceuticals
Vertebral Technologies Inc.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/chronic-low-back-pain-clbp-treatment-market

https://www.somosxbox.com.mx/noticias-urgente/se-preve-que-el-valor-de-mercado-de-los-sensores-activos-de-ruedas-de-ferrocarril-se-amplie-para-2029/112058/
https://perualdia.net/el-mercado-de-poliamidas-sinteticas-y-de-base-biologica-generara-ingresos-record-para-2029-2/
https://ekz-crosstour.ch/news/der-markt-fuer-spezialenzyme-aus-mikroorganismen-wird-bis-2029-ein-erstaunliches-wachstum-verzeichnen/118113/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Chronic Low Back Pain (CLBP) Treatment Market Booming Worldwide with Latest Trend and Future Scope by 2029 here

News-ID: 3220379 • Views:

More Releases from Orion Market Research

Synthetic Ester Lubricants Market Future Prediction Report By 2033
Synthetic Ester Lubricants Market Future Prediction Report By 2033
The Synthetic Ester Lubricants Market was valued at USD 1.3 billion in 2023 and is expected to grow to approximately USD 2.28 billion by 2033, reflecting a CAGR of about 5.8% from 2024 to 2033. Synthetic Ester Lubricants Market Overview Synthetic ester lubricants are derived from chemical processes and offer superior properties compared to conventional mineral oils, including excellent thermal stability, low volatility, and enhanced lubrication characteristics. These attributes make them ideal
Specular Hematite Market Is Booming Worldwide | Latest Study Reveal for the forecast to 2033
Specular Hematite Market Is Booming Worldwide | Latest Study Reveal for the fore …
The Specular Hematite Market was valued at USD 1.8 billion in 2023 and is expected to grow to approximately USD 3.08 billion by 2033, reflecting a CAGR of about 5.5% from 2024 to 2033. Specular Hematite Market Overview The Specular Hematite Market growth is driven by its increasing demand in various industrial applications, particularly in the sectors of construction and automotive, where Specular Hematite is used extensively due to its unique properties.
Compressed Natural Gas (CNG) Truck Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Compressed Natural Gas (CNG) Truck Market Size Analysis, Competitive Insights, L …
The global CNG heavy‐duty truck market was approximately USD 8.5 billion, and by 2033 it is expected to reach around USD 15.2 billion, reflecting a CAGR of 6.0% over the period from 2024 to 2033. Compressed Natural Gas (CNG) Truck Market Overview The CNG truck market-especially in heavy duty applications-is experiencing steady growth, underpinned by increasing environmental regulations and the push towards cleaner transportation. Heavy duty CNG trucks are gaining traction due
Artificial Intelligence (AI) in Precision Medicine Market Rising Demand and Growth Forecast Through 2033
Artificial Intelligence (AI) in Precision Medicine Market Rising Demand and Grow …
In 2023, the global AI in Precision Medicine market was approximately USD 1.73 billion, and by 2033 it is projected to reach around USD 37.01 billion, reflecting a compound annual growth rate (CAGR) of 35.84% from 2024 to 2033. Artificial Intelligence (AI) in Precision Medicine Market Overview The AI in Precision Medicine market is experiencing explosive growth, driven by breakthroughs in deep learning, natural language processing, and context aware computing that enable

All 5 Releases


More Releases for CLBP

Chronic Lower Back Pain Market Expected to rise, 2034 | Eli Lilly and Company, C …
The Chronic Lower Back Pain market growth is driven by factors like increase in the prevalence of Chronic Lower Back Pain, investments in research and development, entry of emerging therapies during the study period 2020-2034. The Chronic Lower Back Pain market report also offers comprehensive insights into the Chronic Lower Back Pain market size, share, Chronic Lower Back Pain epidemiology, emerging therapies, market drivers and barriers, ongoing clinical trials, key collaboration
Chronic Lower Back Pain Market: Global Industry Analysis and Forecast (2024 - 20 …
◉ Global Chronic Lower Back Pain Market to Reach USD 5.16 Billion by 2030, Driven by Sedentary Lifestyles and Technological Advancements The global chronic lower back pain (CLBP) market, valued at USD 3.15 billion in 2023, is projected to reach USD 5.16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.8% from 2024 to 2030 . This growth is fueled by increasing sedentary lifestyles, technological advancements in treatment
Chronic Lower Back Pain Market Expected to rise, 2034 | Eli Lilly and Company, C …
The Chronic Lower Back Pain market growth is driven by factors like increase in the prevalence of Chronic Lower Back Pain, investments in research and development, entry of emerging therapies during the study period 2020-2034. The Chronic Lower Back Pain market report [https://www.delveinsight.com/report-store/chronic-lower-back-pain-clbp-market?utm_source=abnewswire&utm_medium=market&utm_campaign=kpr] also offers comprehensive insights into the Chronic Lower Back Pain market size, share, Chronic Lower Back Pain epidemiology, emerging therapies, market drivers and barriers, ongoing clinical trials, key
Chronic Lower Back Pain (CLBP) Market Forecasts by DelveInsight Signal Groundbre …
The Chronic Lower Back Pain market is experiencing notable evolution, with a focus on multidisciplinary approaches to pain management and novel treatment modalities. Advancements in minimally invasive procedures, regenerative medicine, and digital health solutions are expanding therapeutic options for patients with Chronic Lower Back Pain. DelveInsight's "Chronic Lower Back Pain Market Insights, Epidemiology, and Market Forecast 2032" report delivers an in-depth understanding of the disease, historical and forecasted epidemiology, as
Chronic Low Back Pain (CLBP) Treatment Market Share, Trends, Future Outlook, Ana …
The chronic low back pain (CLBP) treatment market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2023-2030). According to the Center for Disease Control and Prevention enters (CDC), in 2019, 39.0% of adults had back pain. Adults aged 65 and over, women, and those with income below 100% of the federal poverty level (FPL) were most likely to experience back pain. Furthermore, according to
Chronic Low Back Pain (CLBP) Treatment Market - Growth, Trends, COVID-19 Impact, …
The key objective of the report is to offer a complete assessment of the Chronic Low Back Pain (CLBP) Treatment Market including major leading stakeholders of the Chronic Low Back Pain (CLBP) Treatment industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in a simple manner. In addition, the report delivers data on the volume, share, revenue, production,