Neuropathic Pain Market By Drug class (Antidepressants, Anticonvulsant, Opioids, Capsaicin, Others), By Indication (Diabetic Neuropathy, Spinal Stenosis, Chemotherapy-Induced Peripheral Neuropathy, Others), By Distribution channel (Hospital Pharmacies, Drugs Stores and Retail Pharmacies, Online Pharmacies): Global Opportunity Analysis and Industry Forecast, 2022-2032
The neuropathic pain market was valued at $7,717.4 million in 2022 and is estimated to reach $13,248.3 million by 2032, exhibiting a CAGR of 5.6% from 2023 to 2032. Neuropathic pain is caused by damage or disease affecting the somatosensory nervous system. Neuropathic pain manifest in various ways, including stabbing, burning, tingling, or shooting sensations. It is often chronic and is challenging to treat. Various conditions that lead to neuropathic pain are diabetic neuropathy, postherpetic neuralgia (resulting from shingles), and trigeminal neuralgia.
Major factors that drive the growth of the global neuropathic pain market include advancements in drug of neuropathic pain; rise in number of research regarding neuropathic pain medication; and increase in number of patients suffering from neuropathic pain. Furthermore, surge in demand for medication of neuropathic pain, increase in awareness regarding diabetic neuropathy, upsurge in target population, and rise in number of clinical trials for the development of neuropathic pain boost the growth of neuropathic pain market. For instance, in October 2023, AlzeCure Pharma AB, a pharmaceutical company that develops a broad portfolio of drug candidates for diseases affecting the central nervous system announced that the company's presentation at the pain conference held by the Swedish Pain Society is now available in its entirety on the company's website. The presentation contains clinical data from the phase II study with the company's leading drug candidate in pain, ACD440, which is being developed for the treatment of peripheral neuropathic pain.
However, the side effects of neuropathic pain medicines and high cost of branded medications are expected to restrict the growth of neuropathic pain market. On the contrary, surge in healthcare expenditure and unmet medical demands to get better treatment options in developing countries are expected to create lucrative opportunities for the expansion of the global market in the future.
The neuropathic pain market is segmented on the basis of drug class, indication, distribution channel, and region. On the basis of drug class, the market is divided into antidepressants, anticonvulsant, opioids, capsaicin, and others. The antidepressants segment is further categorized into tricyclic antidepressants and serotonin–noradrenaline reuptake inhibitors (SNRI). On the basis of indication, the market is classified into diabetic neuropathy, spinal stenosis, chemotherapy-induced peripheral neuropathy, and others. On the basis of distribution channel, it is segregated into hospital pharmacies, drugs stores & retail pharmacies, and online pharmacies. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Abbott Laboratories, Collegium Pharmaceutical, Inc., Eli Lilly and Company, Glenmark Pharmaceuticals Limited, Grünenthal, Mallinckrodt Pharmaceuticals, Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd. These major players have adopted agreement, acquisition, clinical trial, and product approval as key developmental strategies to improve the product portfolio of the neuropathic pain market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the neuropathic pain market analysis from 2022 to 2032 to identify the prevailing neuropathic pain market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the neuropathic pain market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global neuropathic pain market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Drug classAntidepressants
Type
Tricyclic Antidepressants
Serotonin–Noradrenaline Reuptake Inhibitors (SNRI)
Anticonvulsant
Opioids
Capsaicin
Others
By IndicationDiabetic Neuropathy
Spinal Stenosis
Chemotherapy-Induced Peripheral Neuropathy
Others
By Distribution channelHospital Pharmacies
Drugs Stores and Retail Pharmacies
Online Pharmacies
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersPfizer Inc.
Teva Pharmaceuticals
Novartis AG
Eli Lilly and Company.
Mallinckrodt Pharmaceuticals
Collegium Pharmaceutical Inc
Sun Pharmaceutical Industries Ltd.
Abbott Laboratories
Glenmark Pharmaceuticals Limited
Grunenthal GmbH.
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