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Evolving Market Trends In The Chronic Lower Back Pain Industry: Rising Focus On Advance Drug Development To Boost Revenuet
Chronic Lower Back Pain Market Share
What Is the Expected Chronic Lower Back Pain Market Size During the Forecast Period?
In recent times, the market size for chronic lower back pain has been demonstrating a steady expansion. It is projected to see an increase from $7.72 billion in 2024 to approximately $8.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.6%. The historic period's growth factors include sedentary living conditions, risks associated with manual labor and occupation, advancements in medical diagnosis techniques, evolution in pain management, and epidemiological research studies.
There is anticipated robust expansion in the market of chronic lower back pain in the coming years, with a projection to surge to $9.99 billion by 2029, registering a compound annual growth rate (CAGR) of 5.5%. This notable escalation during the forecast period can be traced back to increasing preferences for non-pharmacological therapies, proactive healthcare programs, an emphasis on complete wellness treatments, advancements in regenerative medicine, and the trend of an aging population. Crucial trends for the forecast period encompass a greater emphasis on non-pharmacological treatments, an evolution in pain management strategies, augmented awareness and education about healthcare, the advent of telemedicine and remote supervision, as well as the amalgamation of regenerative medicine.
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What Are the High-Growth Segments in the Chronic Lower Back Pain Market?
The chronic lower back pain market covered in this report is segmented -
1) By Type Of Pain: Diskogenic Pain, Lumbar Spinal Stenosis, Sacroiliac Pain, Facet-Joint Pain, Radicular Pain, Muscular Pain, Other Types Of Pain
2) By Diagnosis: Clinical History, Physical Examination, Imaging Guidelines, Assessment Of Pain
3) By End-User: Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, Other End-Users
Subsegments:
1) By Diskogenic Pain: Herniated Disc, Degenerative Disc Disease, Disc Bulge, Lumbar Spinal Stenosis
2) By Lumbar Spinal Stenosis: Central Stenosis, Lateral Stenosis
3) By Sacroiliac Pain: Sacroiliac Joint Dysfunction, Inflammatory Conditions
4) By Facet-Joint Pain: Facet Joint Syndrome, Osteoarthritis Of The Facet Joints
5) By Radicular Pain: Sciatica, Nerve Root Compression
6) By Muscular Pain: Muscle Strain, Muscle Spasm
7) By Other Types of Pain: Myofascial Pain Syndrome, Spondylolisthesis, Osteoporosis-Related Pain
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What Key Drivers Are Expected to Influence Future Chronic Lower Back Pain Market Growth?
The chronic lower back pain market is expected to expand due to the anticipation of increasing nerve instances. Nerve instances describe situations where bravery, courage, or resilience is shown amidst tough or formidable circumstances. Constant exposure to stress and pain can lead to central sensitization, wherein the nervous system becomes more sensitive, experiencing pain more profoundly, even without a real injury. The weekly scientific journal based in the UK, Nature, reported in July 2023 that there is a 28.4% prevalence of peripheral neuropathy, related to nerve damage, in adults over 40 years old with diabetes and 11.8% in those without. Consequently, the escalating frequency of nerve instances is promoting the growth of the chronic lower back pain market.
Which Companies Hold the Largest Share Across Different Chronic Lower Back Pain Market Segments?
Major companies operating in the chronic lower back pain market include Pfizer Inc., Johnson & Johnson Private Limited, Sanofi S.A., Endo Pharmaceuticals plc, Merck Corporation, Vertebral Technologies Inc., Medtronic plc, Boston Scientific Corporation, BioWave Corporation, Koninklijke Philips N.V., Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., SpineThera Inc., Dr. Reddy's Laboratories Ltd., Celgene Corporation, Axsome Therapeutics Inc., Mesoblast Limited, Frontier Biotechnologies Inc., Eli Lilly and Company, Persica Pharmaceuticals, Abbott Laboratories, Hisamitsu Pharmaceutical Co. Inc., Ipsen S.A., Daiichi Sankyo Company Ltd., Zimmer Biomet Holdings Inc., Novartis International AG, Janssen Pharmaceuticals Inc., Insys Therapeutics Inc., Collegium Pharmaceutical Inc., Cara Therapeutics Inc.
What Trends Are Driving Growth in The Chronic Lower Back Pain Market?
Leading corporations in the chronic lower back pain market are striving to create innovative medications to serve their clients and maintain their market prominence. The creation of novel drugs can potentially enhance treatment results for individuals with various conditions. For example, in July 2022, Amneal Pharmaceuticals, an American pharmaceutical firm, introduced LYVISPAH, a baclofen oral granule (5, 10, and 20 mg), which received the U.S. Food and Drug Administration's (FDA) approval for treating spasticity linked to multiple sclerosis and other spinal cord disorders. LYVISPAH is designed to alleviate flexor spasms and associated pain, clones, and muscle stiffness. It offers a flexible, customized dosage regimen with single-dose granule packets in doses of 5 mg, 10 mg, and 20 mg and exhibits bioequivalence to oral baclofen tablets. LYVISPAH can also be helpful for patients suffering from spinal cord injuries and other related diseases.
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What Are the Emerging Geographies for The Chronic Lower Back Pain Market Growth?
North America was the largest region in the chronic lower back pain market in 2024. The regions covered in the chronic lower back pain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Chronic Lower Back Pain Market?
2. What is the CAGR expected in the Chronic Lower Back Pain Market?
3. What Are the Key Innovations Transforming the Chronic Lower Back Pain Industry?
4. Which Region Is Leading the Chronic Lower Back Pain Market?
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