About Neuropathic Pain Management
Neuropathic Pain is pain caused by damage or disease affecting the somatosensory nervous system. Pain is an unpleasant sensation and emotional experience linked to tissue damage. Pain management involves the process of treating all types of pain (Acute and Chronic), including musculoskeletal, spinal and neuropathic pain disorders. With an accurate diagnosis and early intervention, pain management therapeutics helps patients to avoid the state of chronic pain, or at least reduce the severity of pain. Pain management can be most effective only when the underlying disease conditions are cured. Minimally invasive procedures and proper use of medications are implemented to achieve pain management goals among individuals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pfizer Inc. (United States), Johnson & Johnson Services, Inc. (United States), Sanofi (France), GlaxoSmithKline (United Kingdom), Eli Lilly and Company (United States), Bristol-Myers Squibb (United States), Biogen Idec (United States), Baxter Healthcare Corporation (United States) and Depomed (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Neuropathic Pain Management market by Type (Tricyclic Antidepressant, Anticonvulsant, Opioid, Steroid Drug, Local Anesthesia and Other), Application (Hospitals, Clinics, Research Organizations and Others) and Region.
On the basis of geography, the market of Neuropathic Pain Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment, the sub-segment i.e. Medication will boost the Neuropathic Pain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Drug Stores will boost the Neuropathic Pain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indication, the sub-segment i.e. Diabetic Neuropathy will boost the Neuropathic Pain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis, the sub-segment i.e. Imaging will boost the Neuropathic Pain Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption of over-the-counter (OTC) drugs rather than prescription drugs among patients
Market Growth Drivers:
The increasing number of patients suffering from chronic pain, Improving healthcare reforms and regulatory aspects and Increase in geriatric population with high risk of diseases
Challenges:
Prescription drug exploitation and lack of skilled or trained physicians and Absence of perfect pain management solution
Restraints:
Alternative therapies and surgical procedures during pain relief from medical devices
Opportunities:
Improving healthcare infrastructure, increasing economic stability and increases penetration of players emerging economies
Key Target Audience
Academic research institute, Pharmaceuticals companies, Hospitals and Clinics, Physiotherapy Centres, Biotechnology companies, Contract research organization and Market research and consulting firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.