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Chronic Lower Back Pain Market Overview - Forecast Market Size, Top Segments And Largest Region 2023-2032
The Business Research Company's Chronic Lower Back Pain Global Market Report 2023 identifies geriatric population as the major driver for the Chronic Lower Back Pain market's growth in the forecast period. Geriatric population refer to a population of older people with 65 years and above. In the geriatric population, age-related neurodegenerative and musculoskeletal conditions such as arthritis and osteoarthritis progress rapidly, causing weakness and painful complaints that lead to chronic back pain and reduced physical activities.
the global chronic lower back pain market size is expected to grow from $6.94 billion in 2022 to $7.30 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. 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 chronic lower back pain market size is expected to reach $8.79 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the Chronic Lower Back Pain market are Pfizer Inc., Johnson & Johnson Private Limited, Sanofi S.A., Endo Pharmaceuticals Plc., Merck Corporation.
A key trend in the Chronic Lower Back Pain market includes technological advancements. Major companies operating in the chronic lower back pain market are involved in developing new and improved advanced technology for the treatment and prevention of lower back pain to sustain their position in the market. In December 2022, Abbott Laboratories, a US-based medical devices and health care company, launched the Eterna spinal cord stimulation (SCS) device, the world's smallest implantable, rechargeable spinal cord stimulator for the treatment of chronic pain, which received approval by the US Food and Drug Administration (FDA). Eterna SCS uses Abbott's low-dose BurstDR stimulation technology to relieve pain by 23% greater than conventional waveform technology methods.
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The Chronic Lower Back Pain market is segmented -
• By Type of Pain: Diskogenic Pain, Lumbar Spinal Stenosis, Sacroiliac Pain, Facet-Joint Pain, Radicular Pain, Muscular Pain, Other Types Of Pain
• By Diagnosis: Clinical History, Physical Examination, Imaging Guidelines, Assessment of Pain
• By End-User: Hospitals, Orthopaedic Clinics, Ambulatory Surgery Centres, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Chronic Lower Back Pain market.
The Business Research Company's "Global Chronic Lower Back 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 Lower Back Pain Market Include:
1. Executive Summary
2. Chronic Lower Back Pain Market Characteristics
3. Chronic Lower Back Pain Market Trends And Strategies
4. Chronic Lower Back Pain Market - Macro Economic Scenario
5. Chronic Lower Back Pain Market Size And Growth
……
26. Africa Chronic Lower Back Pain Market
27. Chronic Lower Back Pain Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chronic Lower Back Pain Market
29. Chronic Lower Back Pain Market Future Outlook and Potential Analysis
30. Appendix
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