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Chronic Pain Management Market Research Report: By Product (Drugs, Devices), By Indication (Arthritis Pain, Neuropathic Pain, Chronic Back Pain, Cancer Pain), By Application (Musculoskeletal, Neuropathy, Oncology) and End-User - Forecast to 2032

Format: PDF | Pages: 301 | Report ID: MRS1085


Report Description

The global Chronic Pain Management Market size is estimated at USD 65.11 billion in 2020, expanding at a CAGR of 7.2% from 2021-2027 to reach 104.5 billion USD in 2027.

Market Dynamics

The chronic pain management sector is flourishing as a result of increased government funding for chronic pain management, an aging society, and an increase in the frequency of chronic health disorders. Because of the ongoing COVID-19 outbreak, governments in a number of nations have prohibited key human operations in order to slow the disease's growth. In this environment, chronic pain management medicine and device makers are functioning through internet sites, but they are still suffering a problem as a result of certain regulatory laws, which is potentially restricting the expansion of the chronic pain management market.

Furthermore, the rising incidence of chronic illnesses such as cancer, diabetes neuropathic, and osteoarthritis drives market expansion. Moreover, an increase in the frequency of surgical operations, as well as an increase in healthcare spending, are likely to drive the development of the pain control pharmaceuticals market. Nevertheless, drug trafficking, the expiry of prescriptions pain medicine drug patents, and the accessibility of replacements such as pain treatment devices limit market development.

Segment Insights

The Chronic Pain Management market is fragmented into the Product, application, system, and End-User segments. Based on the end-user, the major end consumers of chronic pain management solutions are hospitals. Pain management strategies are becoming increasingly common in hospitals, especially for comment discomfort. As a result of the increasing number of medical operations performed throughout the globe, hospitals are likely to remain the biggest end-user segment in the worldwide chronic pain management market. Based on application, the musculoskeletal segment maintained the biggest proportion of the chronic pain management market throughout the historical period.  This was due to an increase in the levels of obesity, hypertension, and other chronic disorders. Furthermore, increased musculoskeletal disorders, as well as an older population, are predicted to result in the continuous growth of this sector in the future years.

Regional Insights

North America has historically supplied the most income to the chronic illness treatment industry, owing to the high incidence of chronic illnesses and rising knowledge of the problem, a large variety of clinical pain management centers, and widespread use of quasi pain control solutions. During the projected period, the Asia chronic pain management market is predicted to develop the quickest. The fast rise in the employed populace and the explosion in the elderly population are the primary drivers of regional industrialization.

Key Players Insights

Eli Lilly & Company, Novartis AG, Abbott Laboratories, Johnson & Johnson, Purdue Pharma L.P., Endo Health Solutions, Inc., Pfizer, Inc., Merck & Co. Inc., Mylan NV., and GlaxoSmithKline Plc are among the market's prominent players. WEX Pharmaceuticals, Allergen Inc., Valeant Pharmaceuticals Inc, Bristol-Myers Squibb, Boehringer Ingelheim, Bayer AG, Sorrento Therapeutics,  and Zynerba Pharmaceuticals are among the other major actors in the supply chain.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Chronic Pain Managements by Product, region, Indication, End-User and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • SANOFI S.A
  • Becton, Dickinson and Company
  • Advanced Card End-Users Holdings Limited
  • Bristol-Myers Squibb Company
  • Cubic Transportation End-Users, Inc.
  • AstraZeneca plc
  • Johnson & Johnson
  • Novartis AG
  • Boston Scientific Corporation
  • Abbott Laboratories
  • Pfizer Inc.
  • Medtronic plc.
  • GlaxoSmithKline plc.
  • Eli Lilly and Company

Product Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Drugs
  • Devices

Indication Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Arthritis Pain
  • Neuropathic Pain
  • Chronic Back Pain
  • Cancer Pain

End-User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Clinics
  • Hospitals
  • Nursing Homes
  • Research Centers & Universities

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Neuropathy
  • Musculoskeletal
  • Oncology

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Chronic Pain Management market size is estimated at USD 65.11 billion in 2020, expanding at a CAGR 7.2% from 2021-2027 to reach 104.5 billion USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Chronic Pain Management market size is expanding at a CAGR 7.2% from 2021-2027 to reach 104.5 billion USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
Eli Lilly & Company, Novartis AG, Abbott Laboratories, Johnson & Johnson, Purdue Pharma L.P., Endo Health Solutions, Inc., Pfizer, Inc., Merck & Co. Inc., Mylan NV., and GlaxoSmithKline Plc are among the market's prominent players. WEX Pharmaceuticals, Allergen Inc., Valeant Pharmaceuticals Inc, Bristol-Myers Squibb, Boehringer Ingelheim, Bayer AG, Sorrento Therapeutics, and Zynerba Pharmaceuticals are among the other major actors in the supply chain.

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