Conventional and Alternative Pain Treatment Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
Alternative medicine is more holistic, with therapy focusing on the whole person rather than simply the symptoms. In other words, the treatment is given to the patient rather than the disease. Alternative medicine provides strategies for assisting the body's natural healing abilities in returning to a state of optimal health. The well-established business of painkiller drugs as the first line of treatment is largely responsible for the market growth. Device-based pain management therapies have become more popular in recent years as it relieves pain along with alleviating muscle tension and speed tissue recovery.
Furthermore, the rising geriatric population is resulting in an increasing number of patients suffering from chronic pain. It is highly common among the senior population. The market is also projected to be driven by an increase in new launches of pain management products. For instance, Biotricity Inc. and CPM Centres for Pain Management, a NeuPath Health affiliate, launched an innovative pain management product in March 2020. The pain management market is expected to grow significantly during the forecast period. The company's pain management product is comprised of a software suite with applications for both patients and physicians. Patients can track progress while quantifying and managing their pain.
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The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
By Type - Narcotic Analgesics, Non-Narcotic Analgesics, Antimigraine Agents, Anesthesia, CNS Therapies, and Others
By Devices - Electrotherapy, Spinal cord stimulator, and Others
By Application - Surgical Pain, Orthopedic And Musculoskeletal Pain, Migraine Pain, Fibromyalgia Pain, Cancer Pain, Neuropathic Pain, HIV/AIDS Pain, Dental Pain, And General Pain
Competitive Landscape: Abbott Laboratories, Baxter International, Eli Lilly & Co., GlaxoSmithKline, and Johnson & Johnson, and others.
Conventional and Alternative Pain Treatment Market Report
Spinal Cord Stimulator
Orthopedic and Musculoskeletal Pain
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Rest of Europe
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