Press release
Pain Management Alternatives Market 2024 Size, Global Report till 2031 | Pfizer Inc., Community Health Plan of Washington (CHPW), Phixcure
Pain Management Alternatives Market || 2024-2031
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The Pain Management Alternatives market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Pain management alternatives refer to non-traditional methods and treatments used to alleviate or reduce pain without relying solely on conventional medications like opioids or surgery. These alternatives can include physical therapies, acupuncture, chiropractic care, nerve blocks, biofeedback, and complementary approaches like yoga and mindfulness. Additionally, non-pharmacological treatments such as transcutaneous electrical nerve stimulation (TENS) or the use of herbal remedies and supplements are also common. Pain management alternatives aim to provide safer, holistic options for individuals seeking relief from chronic or acute pain.
Key Developments:
In May 2024, a new clinic offering free traditional Chinese medicine (TCM) services opened in Punggol. The Seu Teck Medical Institution (Punggol Branch), located at Block 176A Edgefield Plains, offers a range of services including consultations, dispensary services, acupuncture, and therapeutic tuina massage.
In October 2023, the Foundation for Chiropractic Progress (F4CP), a non-profit organization dedicated to educating the public on the benefits of chiropractic care, launched a mobile advertising campaign aimed at college students. This initiative seeks to inspire the next generation of doctors of chiropractic (DCs) by highlighting the profession's diversity, flexibility, and benefits.
In August 2022, Dr. Mike Digrado, a renowned chiropractor specializing in spinal decompression and laser treatments in Newport Beach, California, proudly announced the launch of his new website, developed by the chiropractic marketing experts at MyChiroPractice.
Also in August 2022, the Community Health Plan of Washington (CHPW), the state's first and only Medicaid carrier, introduced a groundbreaking Alternative Treatments benefit package. This program offers members a combined annual limit of 20 visits for acupuncture, chiropractic, and massage therapy services.
Forecast Growth Projected:
The Global Pain Management Alternatives Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Pain Management Alternatives Market:
Pfizer Inc., Community Health Plan of Washington (CHPW), Phixcure, Hill Laboratories Company, MeyerDC, Elite Chiropractic Tables, Pelican Manufacturing, HMS Medical Systems, Lifetimer International, Athlegen
Segment Covered in the Pain Management Alternatives Market:
By Alternative Type: Acupuncture, Chiropractic Care, Therapeutic Touch & Reiki Healing, Nutritional Supplements, Cognitive Behavioral Therapy (CBT), Others
By Application: Chronic Pain, Acute Pain, Cancer Pain
By End-User: Hospitals & Clinics, Physiotherapy Centers, Homecare Settings, Rehabilitation Centers, Others
Regional Analysis:
The global Pain Management Alternatives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Pain Management Alternatives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Pain Management Alternatives Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Pain Management Alternatives manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Pain Management Alternatives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Pain Management Alternatives Market?
The Pain Management Alternatives Market size was USD $7.31 billion in 2023. It is expected to reach USD $14.1 billion by 2031.
How fast is the Pain Management Alternatives Market growing?
The Pain Management Alternatives Market will exhibit a CAGR of 8.6% during the forecast period, 2024-2031.
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