The global neuropathic pain treatment market is estimated to grow at a CAGR of nearly 5.8% during the forecast period. The major factors contributing to the growth of the market include increasing prevalence of diabetes and rising incidences of spinal cord injury. As per the data published by the National Spinal Cord Injury Statistical Center, as of 2019, in the US, the annual incidence of spinal cord injury is approximately 54 cases per one million people, or nearly 17,730 new spinal cord injury cases each year. As of 2019, the estimated number of individuals suffering from spinal cord injury in the US is nearly 291,000. Nearly 78% of new incidences were reported among males.
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Since 2015-2018/2019, motor vehicle accidents are the major cause of spinal cord injuries (39.3%), which is followed by falls (31.8%), acts of violence (13.5%), sports (8%), medical/surgical (4.3%), and other (3.1%). Nearly 2/3rd of sports injuries were reported from diving. People with spinal cord injury may suffer from different kinds of pain in different areas of the body, which comprises musculoskeletal pain, visceral pain, and neuropathic pain. Spinal cord injury results in damage to any part of the nerves or spinal that causes abnormal communication between the nerves, which results in neuropathic pain. This contributes to the increasing demand for medications to treat neuropathic pain.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Neuropathic Pain Treatment Market by Indication
- Spinal Stenosis
- Diabetic Neuropathy
- Chemotherapy-Induced Peripheral Neuropathy
- Others
Global Neuropathic Pain Treatment Market by Treatment
- Tricyclic Antidepressants
- Anticonvulsants
- Opioids
- Creams and Patches
- Steroids
- Others (Neurostimulation and Local Anesthesia)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abbott Laboratories
- Acorda Therapeutics, Inc.
- Assertio Therapeutics, Inc.
- Astellas Pharma Inc.
- AstraZeneca plc
- Biogen Inc.
- BioIntervene, Inc.
- Boston Scientific Corp.
- Cipla Ltd.
- Reddy’s Laboratories Ltd.
- Eli Lilly and Co.
- GlaxoSmithKline plc
- Glenmark Pharmaceuticals Ltd.
- Grünenthal GmbH
- Johnson & Johnson Services, Inc.
- Lexicon Pharmaceuticals, Inc.
- Lupin Ltd.
- Medtronic plc
- Pfizer Inc.
- Sanofi S.A.
- Teva Pharmaceutical Industries Ltd.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global neuropathic pain treatment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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