Press release
Chronic Pain Market Growth & Trends | Innovations, Treatments, and Forecast 2025-2032 | Top key players - GSK plc, Bayer AG, Novartis AG.
The Global Chronic Pain Market reached US$75.42 billion in 2024 and is expected to reach US$124.14 billion by 2032, growing at a CAGR of 6.9 % during the forecast period 2025-2032.Chronic 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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The Chronic Pain Market focuses on treatments and therapies designed to manage long-term pain conditions. These include medications, physical therapies, and innovative solutions like nerve stimulation devices. With an increasing global prevalence of conditions like arthritis, back pain, and fibromyalgia, demand for effective, non-invasive pain management options is rising as people seek relief and better quality of life.
List of the Key Players in the Chronic Pain Market:
Pfizer Inc., Johnson & Johnson Services, Inc., GSK plc, Bayer AG, Novartis AG, Endo, Inc., Viatris Inc., Eli Lilly and Company., Teva Pharmaceutical Industries Ltd., and Reckitt Benckiser Group PLC among Others.
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Industry Development:
In November 2024, KEM Hospital in Mumbai introduced a dedicated operation theatre for pain management, marking a significant step forward in addressing chronic pain. This initiative highlights the growing recognition of pain management as a specialized field within healthcare, with a focus on developing comprehensive approaches to alleviate the persistent pain associated with a variety of medical conditions.
In September 2024, Nevro Corp. received approval from the U.S. Food and Drug Administration (FDA) for its innovative HFX iQ spinal cord stimulation (SCS) system, which incorporates the cutting-edge HFX AdaptivAI technology. This new platform represents a major advancement in personalized pain management, offering patients with chronic pain a more tailored and effective treatment option.
Growth Forecast Projected:
The Global Chronic Pain Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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 Chronic 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 Chronic Pain Market:
By Type: Neuropathic Pain, Musculoskeletal Pain, Cancer Pain, Post-Operative Pain, Migraine, Others.
By Treatment Type: Drug Class, Devices.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
Regional Analysis for Chronic Pain Market:
The regional analysis of the Chronic 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 Chronic Pain market?
➠ Who are the leading manufacturers in the global Chronic 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 Chronic 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 Chronic Pain market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
Browse More Reports: https://www.datamintelligence.com/research-report/chronic-pain-market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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