openPR Logo
Press release

Chronic Low Back Pain Treatment Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

10-30-2023 10:10 AM CET | Health & Medicine

Press release from: Orion Market Research

Chronic Low Back Pain Treatment Market Share, Trends, Future

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.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/chronic-low-back-pain-clbp-treatment-market

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.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Treatment Type
o By Distribution Channel
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Johnson & Johnson Services Inc, Pfizer Inc., Sanofi S.A., Endo Pharmaceuticals Inc., and Koninklijke Philips N.V.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global 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 Treatment Market available @ https://www.omrglobal.com/industry-reports/chronic-low-back-pain-clbp-treatment-market

Global Chronic Low Back Pain Treatment Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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.

Reasons to Buying From us -

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

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

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 offers 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 Treatment Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030 here

News-ID: 3268427 • Views:

More Releases from Orion Market Research

US Geriatric Medicine Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
US Geriatric Medicine Market Size, Trends, Latest Insights, Analysis and Forecas …
The US geriatric medicine market is projected to grow at a CAGR of 4.6% during the forecast period. The US has high per capita income; access to advanced healthcare, a large elderly population, and a high prevalence of chronic diseases are some of the major factors driving the geriatric medicine market in the country. Moreover, a significant presence of key market players, such as Pfizer Inc., Bristol-Myers Squibb Co., Abbott Laboratories
Urometer Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
Urometer Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
The global urometer market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. The increasing cases of prostate cancer are expected to propel the growth of the global urometer market. Other than skin cancer, prostate cancer is the most common cancer in the US. According to the American Cancer Society (ACS), as of March 2022, around 268,490 new cases of prostate cancer and around
Urethral Dilators Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
Urethral Dilators Market Size, Trends, Latest Insights, Analysis and Forecast 20 …
The global urethral dilators market is anticipated to grow at a considerable CAGR of 4.9% during the forecast. The growing incidence of Healthcare-Acquired Infections (HAI) is Boosting the Global Urethral Dilators Market. These are infections that patients get while receiving treatment for medical or surgical conditions. These infections can be occurred in hospitals, surgical centers, ambulatory clinics, and long-term care facilities such as nursing homes and rehabilitation facilities. To
Transvaginal Endoscopy Market Will Exhibit an Impressive Expansion by 2024-2031
Transvaginal Endoscopy Market Will Exhibit an Impressive Expansion by 2024-2031
The global transvaginal endoscopy market is anticipated to grow at a significant CAGR of 7.3% during the forecast period. Some of the prominent factors driving the market growth during the forecast period include the rising incidence of infertility among the female rising incidence of infertility globally, coupled with the increasing use of minimally invasive surgery. The MIS procedures involves minminal use of surgical incisions, and with the advent of laproscopic

All 5 Releases


More Releases for Treatment

Medical Tourism Market Report by Treatment Type (Dental Treatment, Cosmetic Trea …
The global medical tourism market accounted for $104.68 billion in 2019, and is projected to reach $273.72 billion by 2027, registering a CAGR of 12.8% from 2019 to 2027 in terms of value. View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-0P310/medical-tourism In terms of volume, the global medical tourism market accounted for 23,042.90 thousand patients in 2019, and is projected to reach 70,358.61 thousand patients by 2027, registering a CAGR of 15.0% from 2019 to
Stretch Marks Treatment Market by Treatment & Forecast - 2025
Global Stretch Marks Treatment Market: Snapshot In order to expand their outreach and add to their product portfolio, keen players in the global stretch marks treatment market are taking the inorganic route of acquisitions. They are also pouring money into development of new and better products. Rising instances of obesity causing stretch marks is serving to catalyze growth in the market. In addition, growing aesthetic consciousness among people, especially among pregnant women,
Medical Tourism Market by Treatment Type (Dental Treatment, Cosmetic Treatment, …
Medical Tourism Market Overview: The global medical tourism market was valued at $53,768 million in 2017, and is estimated to reach at $143,461 million by 2025, registering a CAGR of 12.9% from 2018 to 2025. Organized travel across international borders to avail medical treatment of some form, which may or may not be available in the travelers home country is defined as medical tourism. Medical tourists travel abroad for the maintenance, enhancement,
Substance Use Disorder Treatment Market By Type (Alcohol abuse treatment, Nicoti …
According to World Health Organization (WHO), the leading cause of disability around the world is not a physical disease, but a serious mood disorder known as depression. Around 350 million people suffer from depression worldwide, and that only about 50% of these individuals will ever receive treatment. According to Anxiety and Depression Association of America, in the U.S., over 15 million adults experience an episode of clinical depression in any
Health Tourism Market Global Industry Analysis, By Key Players, Segmentation, Tr …
Huge increase in demand and new phenomenon in the healthcare industry known as health tourism. It is one of the fastest growing industry and economic growth areas globally, as people today demanding for better quality, faster and cheaper alternatives of healthcare offered in their own countries. Health tourism is also known as medical travel or global health care, defined as the act of travelling to foreign countries with purpose of
Addiction Treatment Market: Tobacco/Nicotine Addiction Treatment Dominates the M …
Transparency Market Research (TMR) has published a new report titled “Addiction Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”. According to the report, the global addiction treatment market was valued at approximately US$ 4.0 Bn in 2016 is projected to expand at a CAGR of over 6.0% from 2017 to 2025. The report suggests that growing abuse of prescription drugs and favorable reimbursements for smoking