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Navigating the Future: Neuropathic Pain Market Trends and Forecast Insights, 2025 Edition
Neuropathic Pain Market Size
Neuropathic Pain Market Size Growth Forecast: What to Expect by 2025?
The market size for neuropathic pain has seen substantial growth recently. It is anticipated to increase from $5.35 billion in 2024 to $5.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. The past growth can be credited to several factors, including high demand for neuropathic pain medication, an epidemic of chronic pain, rising demand for prescribed treatments, and government initiatives.
How Will the Neuropathic Pain Market Size Evolve and Grow by 2029?
The market size for neuropathic pain is predicted to witness significant expansion in the coming years, estimated to reach $7.76 billion in 2029, with a compound annual growth rate (CAGR) of 7.6%. The surge during this forecast duration is ascribed to an increasing understanding of neuropathic pain, the growing elderly population, a well-established healthcare sector, and the availability of treatments for neuropathic pain. The foreseeable future is set to witness trends such as enhanced diagnostics, progress in pain management techniques, advancements in medical research, approvals for new drugs, and strategic initiatives.
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What Drivers Are Propelling the Growth of Neuropathic Pain Market Forward?
The neuropathic pain market's expansion is anticipated to be fueled by an increase in chronic pain prevalence. Chronic pain denotes a pain that persists for a time longer than the predicted healing period of a disease or injury. It often lasts for a minimum of three to six months. The growing incidences of chronic pain, inclusive of neuropathic illnesses, necessitate effective treatments, thereby encouraging research, innovation, and the investment in the development of better therapies to improve symptom relief and quality of life. For example, the Scottish Health Survey 2022, conducted by the Scotland-based Scottish Government, indicated that over a third (38%) of Scottish adults reported the experience of pain or discomfort lasting over three months in 2022, with a higher frequency in females (43%) as opposed to males (33%). Consequently, the increasing cases of chronic pain are propelling the neuropathic pain market's growth. Neuropathic Pain Market Driver: The Expected Increase in Diabetes Cases Fuels Neuropathic Pain Market Expansion
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Which Emerging Trends Are Transforming the Neuropathic Pain Market in 2025?
Leading corporations in the neuropathic pain market are turning to artificial intelligence (AI) technology to progress diagnosis procedures, personalize treatment schemes, supervise in real-time, discover new drugs, and extract data-driven knowledge to augment patient results and fine-tune pain control tactics. For example, Nevro Corp., a medical device firm from the US, rolled out the new Senza HFX iQ spinal cord stimulation (SCS) system in March 2023. This forward-thinking system uses AI to individualize pain management for each patient. The SCS system, comprising of the HFX iQ Implantable Pulse Generator (IPG), HFX Trial Stimulator, Charger, and HFX App, aims to treat non-surgical back discomfort and painful diabetic neuropathy by adjusting to each patient's feedback and responses. By utilizing a distinctive algorithm grounded on extensive patient data, the system allows the patient to modify their pain control program with a smartphone application. The system's digital platform supports data gathering and future updates. This technology's goal is to improve consistent and personalized pain relief, representing a notable progression in SCS therapy.
What Are the Key Segments in the Neuropathic Pain Market?
The neuropathic pain market covered in this report is segmented -
1) By Treatment: Medications, Multimodal Therapy
2) By Diagnosis: Imaging, Blood Tests And Physical Examination
3) By Indication: Diabetic Neuropathy, Spinal Stenosis, Chemotherapy-Induced Peripheral Neuropathy, Other Indications
4) By End User: Hospitals, Clinics, Home Healthcare, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Medications: Anticonvulsants, Antidepressants, Opioids, Topical Treatments, Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
2) By Multimodal Therapy: Combination Of Medications, Physical Therapy, Psychological Therapy, Lifestyle Modifications, Complementary Therapies
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Who Are the Key Players Shaping the Neuropathic Pain Market's Competitive Landscape?
Major companies operating in the neuropathic pain market are Pfizer Inc., Johnson & Johnson Private Limited, Sanofi S.A., Bristol-Myers Squibb Company, Abbott Laboratories, GlaxoSmithKline PLC, Medtronic Inc., Eli Lilly and Company, Stryker Corporation, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Biogen Inc., Zimmer Biomet Holdings Inc., Sun Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals, Grünenthal GmbH, Lupin Ltd., NuVasive Inc., Integer Holdings Corporation, Avanos Medical Inc., Orthofix Medical Inc., Nevro Corp., InvaGen Pharmaceuticals Inc., B. Braun Melsungen AG, Cirtec Medical Corp., Centaur Pharmaceuticals Pvt Ltd., Stimwave LLC, DePuy Synthes.
What Geographic Markets Are Powering Growth in the Neuropathic Pain Market?
North America was the largest region in the neuropathic pain market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in neuropathic pain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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