Press release
Chronic Pain Market: Growing with Effective Treatments, Driving Factors, and Future Trends
Chronic Pain Market
Chronic Pain Market Expansion: Resilient Growth with an Impressive CAGR of 7.8% in 2025 and a Notable CAGR of 8.5% up to 2029
What Is The Projected Market Size Of The Global Chronic Pain Market And Its Growth Rate?
• The Chronic Pain Market size is expected to grow from $78.79 billion in 2024 to $84.96 billion in 2025 with a CAGR of 7.8%.
• The growth in the historic period can be attributed to factors such as injury and trauma, surgical procedures, inflammatory conditions, nerve damage and neuropathy, and lack of effective treatments.
• The marketplace is projected to further escalate to $117.74 billion in 2029 at a CAGR of 8.5%.
• The decisive growth during the forecast period can be credited to the aging population, telemedicine expansion, public health awareness, genetic research and precision medicine, and psychosocial stressors.
What Is Driving The Growth In The Chronic Pain Market?
The surge in the prevalence of chronic pain patients contributes significantly to the advancement of the chronic pain market. Chronic pain patients refer to individuals who experience persistent or long-lasting pain that goes beyond the normal healing process. The high demand for sufficient pain management solutions drives the growth of the market, encouraging innovation in the healthcare industry. Reports suggest Australia saw an estimated 4.0 million peoples (16% of the population) with back problems in 2022, likely to contribute to 4.3% of the country's total disease burden by 2023. Global cases of neck pain are projected to reach 269 million by 2050, indicating a 32.5% increase compared to 2020. This prevalence of chronic pain patients is expected to fuel the market's growth.
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Who Are the Key Players Driving Chronic Pain Market Growth?
• Pfizer Inc.
• Johnson & Johnson
• AbbVie Inc.
• Novartis AG
• Sanofi S.A.
• Bristol-Myers Squibb Company
• Abbott Laboratories
• Mitsubishi Chemical Group Corporation
• GlaxoSmithKline plc.
• Eli Lilly and Company
• and others
What Are The Key Trends In The Chronic Pain Market?
The chronic pain market sees continued growth with key trends including:
• Integration of wearable devices
• Pain education and support groups
• Holistic Pain Management
• Non-Opioid Pain Management
• Regenerative medicine for pain
What Are The Segments Of The Global Chronic Pain Market?
The chronic pain market can be segmented as follows:
• By Product: Drug, Devices
• By Indication: Neuropathic Pain, Arthritis Pain, Chronic Back Pain, Cancer Pain, Migraine, Fibromyalgia, Other Indications
• By End User: Hospitals, Clinics, Research Organization
Which Region Leads The Chronic Pain Market?
In 2024, North America held the dominant position in the chronic pain market. The Asian-Pacific region is anticipated to experience the fastest growth in the future. The global market report covers diverse regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Chronic Pain Market Global Market Report?
- Market Size Analysis: Analyze the Chronic Pain Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Chronic Pain Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Chronic Pain Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Chronic Pain Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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