Press release
Strong Growth Projected: Sciatica Market to Reach $8.59B by 2028 Growing at 6.3% CAGR
Sciatica Market Report
The sciatica market size is expected to see strong growth in the next few years. It will grow to $8.59 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to personalized medicine, telemedicine and remote procedures, patient education and awareness, reimbursement policies. Major trends in the forecast period include advanced diagnostic imaging, regenerative medicine, digital therapeutics, preventive measures.
Market Overview -
Sciatica refers to pain that describes the inflammation, irritation, pinching, or compression that occurs in the leg due to pressure or injury to the sciatic nerve. Physical therapy can treat sciatica as it improves range of motion, flexibility and strength while alleviating pressure on the sciatic nerve.
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Impact Of Rising Orthopedic Procedures On The Sciatica Treatment Market
The increasing number of orthopedic procedures is expected to propel the growth of the sciatica market going forward. Orthopedic procedures refer to operations used to treat conditions affecting the spine and joints and correct skeletal malformations. Sciatica treatment provides improved pain relief, restores mobility and function and thereby improves the quality of life for patients suffering from sciatica. Orthopedic doctors and surgeons are often involved in the diagnosis and treatment of sciatica. For instance, in February 2023, according to research published by the National Library of Medicine, a US-based biomedical library, total hip arthroplasty (THA) and total knee arthroplasty (TKA) procedures are expected to increase by 719,364 and 1,222,988, respectively, by the year 2040. Moreover, TKAs are anticipated to total 2,917,959 by 2060, whereas THAs are anticipated to total 1,982,099 by that time. Therefore, the increasing number of orthopedic procedures is driving the growth of the sciatica market.
Competitive Landscape -
Major players in the sciatica market are Pfizer Inc., Merck and Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi-Aventis LLC., AstraZeneca PLC, GlaxoSmithKline plc., Eli Lilly and Co Ltd., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Macleods Pharmaceuticals Limited, Sun Pharmaceutical Industries Limited, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Ltd., Intas Pharmaceuticals Ltd., Hikma Pharmaceuticals PLC, Cipla Inc., Endo International PLC, Amneal Pharmaceuticals Inc., Aspen Pharmacare Holdings Limited, Zydus Lifesciences Ltd., Lupin Limited, Alkem Laboratories Limited, Torrent Pharmaceuticals Ltd.
Innovative Product Development Strategies Driving Advancements In The Sciatica Treatment Market
Major companies operating in the sciatica market are developing innovative products and getting them approved by federal agencies to sustain their position in the market. Sciatica therapy innovation gives better treatment alternatives, reduces side effects, increases efficacy and diversifies treatment. For instance, in June 2022, SciatiEase Labs, a US-based health supplement company, unveiled its approval for its product SciatiEase by the United States Food and Drug Administration (FDA), a US-based federal agency. SciatiEase is a potent supplement that combines several beneficial elements into a single pill to help reduce the infrequent discomfort brought on by sciatic nerve pain. Additionally, these supplements are created for individuals who regularly experience discomfort along the sciatic nerve and cannot consume foods that can naturally ease sciatic nerve discomfort.
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Key Segments -
The sciatica market covered in this report is segmented -
1) By Type: Acute Sciatica; Chronic Sciatica; Other Types
2) By Drugs: Oxycodone; Opioid Analgesics; Amitriptyline; Tricyclic Antidepressants; Other Drugs
3) By Treatment: Medication; Surgery
4) By End Users: Hospitals; Homecare; Specialty Clinics; Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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Introduction
Sciatica, a common condition characterized by radiating pain along the sciatic nerve pathway, affects millions of individuals globally. The condition is usually caused by a herniated disc, spinal stenosis, or degenerative spine disorders, and it leads to chronic discomfort, reduced mobility, and lowered quality of life. As populations age and sedentary lifestyles increase, the prevalence of sciatica is rising steadily.
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