Neuropathic Pain Market is Expected to Expand at a CAGR of 8.6% from 2024 to 2031 - Pfizer Inc., AdvaCare Pharma, Eli Lilly and Company

The Global Neuropathic Pain Market reached US$7.76 billion in 2023 and is expected to reach US$14.97 billion by 2031, growing at a CAGR of 8.6 % during the forecast period 2024-2031.

Neuropathic Pain Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Neuropathic pain is a chronic pain condition caused by nerve damage or dysfunction in the central or peripheral nervous system. It often feels like burning, stabbing, or shooting pain and can result from diabetes, shingles, injury, or chemotherapy. This pain is difficult to treat and may not respond well to standard analgesics. Treatment includes anticonvulsants, antidepressants, topical agents, and nerve blocks. Early intervention is key to managing symptoms and improving quality of life.

List of the Key Players in the Neuropathic Pain Market:

Pfizer Inc., AdvaCare Pharma, Eli Lilly and Company., Vertex Pharmaceuticals, Abbott, Medtronic, Nevro Corp., Grünenthal, Teva Pharmaceuticals Inc., and Sun Pharmaceutical Industries Ltd.

Industry Development:

In November 2024, Grünenthal announced that its U.S. subsidiary, Averitas Pharma, Inc., has successfully completed recruitment for the Phase III clinical trial called AV001. This trial aims to evaluate the efficacy, safety, and tolerability of QUTENZA (capsaicin) 8% topical system for treating post-surgical neuropathic pain (PSNP). If the trial results are positive, they could potentially support an extension of QUTENZA's label in the U.S. market, further expanding its therapeutic use.

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Growth Forecast Projected:

The Global Neuropathic Pain 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.

Research Process:

Both primary and secondary data sources have been used in the global Neuropathic Pain Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Neuropathic Pain Market:

By Type: Diabetic Neuropathy, Chemotherapy-Induced Peripheral Neuropathy, Post-Herpetic Neuralgia, Trigeminal Neuralgia, Spinal Stenosis, Others.

By Treatment Type: Drug Class, Devices.

By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.

Regional Analysis for Neuropathic Pain Market:

The regional analysis of the Neuropathic Pain Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Neuropathic Pain market?

➠ Who are the leading manufacturers in the global Neuropathic Pain industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Neuropathic Pain industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Neuropathic Pain market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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