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Notable Surge In Buprenorphine Prescriptions Propels Visceral Pain Market Expansion: Key Factor Driving The Growth In The Visceral Pain Market
Visceral Pain
What Is the Expected Visceral Pain Market Size During the Forecast Period?
There has been a significant expansion in the size of the visceral pain market in past years. The market is projected to increase from $13.84 billion in 2024 to $14.87 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. Factors such as the growing elderly population, heightened occurrence of chronic illnesses, advancements in medical investigation, expansion of healthcare facilities, and amplified awareness and diagnosis rates are contributing to the growth experienced during the historic period.
Strong expansion is predicted over the coming years in the visceral pain market, which is forecast to inflate to $18.71 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. This forthcoming growth can be linked to advancements in pain management technology, increased preference for non-invasive treatments, the advent of new markets and untapped potential, personalized treatment strategies, and the incorporation of digital health solutions. Foreseen trends within this period encompass a swing towards multimodal pain management, greater emphasis on alternative methods of treatment, the emergence of therapies targeted at specific pain types, an expanded use of telemedicine in the management of pain, and the integration of artificial intelligence in pain assessment.
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What Are the High-Growth Segments in the Visceral Pain Market?
The visceral pain market covered in this report is segmented -
1) By Drug Class: Calcium Channel Blockers, Nonsteroidal Anti-Inflammatory (NSAID), Other Drug Classes
2) By Indications: Interstitial Cystitis, Crohn's, Irritable Bowel, Chronic Prostatitis, Other Indications
3) By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users
Subsegments:
1) By Calcium Channel Blockers: Dihydropyridines, Non-Dihydropyridines
2) By Nonsteroidal Anti-Inflammatory Drugs (NSAID): Selective COX-2 Inhibitors, Non-Selective NSAIDs
3) By Other Drug Classes: Opioids, Tricyclic Antidepressants (TCAs), Serotonin-Norepinephrine Reuptake Inhibitors (SNRIs)
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What Key Drivers Are Expected to Influence Future Visceral Pain Market Growth?
The surge in the need for painkillers is projected to accelerate the expansion of the visceral pain market. Painkillers, also known as analgesics, are drugs that relieve pain by reducing or inhibiting the brain's recognition of pain signals. They assist in controlling visceral pain by focusing on the nervous system and altering pain signals that originate from internal organs. For example, in the month of April 2024, the New England Journal of Medicine, a UK-based weekly medical journal, reported that more than 53,600 clinicians were recommending buprenorphine as of December 2023. This indicates a rise of 11,500 prescribers from December the previous year. Consequently, the escalating demand for analgesics motivates the progress of the visceral pain market.
Which Companies Hold the Largest Share Across Different Visceral Pain Market Segments?
Major companies operating in the visceral pain market report are Walgreens Boots Alliance Inc., Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Merck & Co.Inc., AbbVie Inc., Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Mylan N.V., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Dr. Reddy's Laboratories Ltd., Endo International PLC, Grünenthal GmbH, Glenmark Pharmaceuticals Limited, Hisamitsu Pharmaceutical Co. Ltd., Chromocell Corporation, Addex Therapeutics Ltd.
What Trends Are Driving Growth in The Visceral Pain Market?
Leading firms in the visceral pain market are pioneering the development of ground-breaking products such as NHE3 Inhibitors to offer credible solutions to clients. These inhibitors belong to a category of drugs that obstruct the function of the Sodium-Proton-Exchanger subtype 3 (NHE3) in the digestive tract. For instance, Ardelyx, an American biopharmaceutical firm, introduced an NHE3 Inhibitor medicine, IBSRELA, in April 2022. IBSRELA is a novel treatment for adults experiencing irritable bowel syndrome accompanied by constipation (IBS-C). It operates by blocking the Sodium-Hydrogen Exchanger 3 (NHE3) in the small intestine and colon. Animal studies have demonstrated that it can alleviate abdominal discomfort by reducing visceral hypersensitivity and intestinal permeability.
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What Are the Emerging Geographies for The Visceral Pain Market Growth?
North America was the largest region in the visceral pain market in 2024. The regions covered in the visceral 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 Visceral Pain Market?
2. What is the CAGR expected in the Visceral Pain Market?
3. What Are the Key Innovations Transforming the Visceral Pain Industry?
4. Which Region Is Leading the Visceral Pain Market?
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