Chronic Lower Back Pain Treatment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Chronic Lower Back Pain Treatment Market
The chronic lower back pain treatment market size was reached at a value of USD 2.21 billion in 2022, and the market is now projected to rise from USD 2.40 billion in 2023 to USD 4.50 billion by 2030, exhibiting a CAGR of 9.5% during the forecast period of 2023-2030.
The covid outbreak had a negative effect on market growth due to more emphasis on covid patients, limited availability of resources such as staff shortage and government imposed social distancing measures during current situation. Due to the reduction in number of chronic lower back pain cases during COVID-19 pandemic the market led to reduction in growth.
Increasing prevalence of chronic lower backpain due to sedentary lifestyle, psychological distress, and increasing obesity leading the market expansion. In addition, increasing incidence of this ailment in the general population driving the chronic lower back pain treatment market growth. Manufacturers are focusing on developing new pharmaceuticals to address increased need for effective therapeutic measures augmenting chronic lower back pain treatment growth. Market players are releasing medications at lower prices and stressing their global availability which is impacting patient preference for drug therapy fueling market expansion.
Additionally, due to implementation of advanced technology for drug delivery offers remarkable opportunities for market growth. Use of novel approach in drug delivery to treat lower back pain is fostering market growth.Scientists are putting their emphasis on creative treatments to alleviate chronic lower back pain, including for people who have undergone surgery augmenting chronic lower back pain treatment growth.
Comprehensive Analysis of Chronic Lower Back Pain Treatment Market
The chronic lower back pain treatment market is rising with an exponential rate due to its market segmentation. These segmentations are methodically segregated by drug class, by route of administration and by distribution channel. The types of Drug Class segment include Antidepressants, Analgesic, Non-steroidal Anti-Inflammatory Drugs, Opioids, and Others, and By Route of Administration segment include Topical, Oral, and Others, while By Distribution Channel segment include Retail & Online Pharmacies and Hospital Pharmacies.
In the chronic lower back pain treatment market, North America region lead the healthcare devices market by benefitting a market size of USD 1.04 billion in 2022 owing to rising prevalence of backpain due to sedentary lifestyle and implementation of advanced technology for drug delivery.
The prominent players in the market play a crucial role in the chronic lower back pain treatment industry assuring industrial prospectus growth and setting market standards. These prominent market players include, Endo International plc. (Ireland) Lilly (U.S.), Johnson & Johnson Services, Inc. (U.S.), Merck & Co, Inc. (U.S.), Sanofi (France), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Dr. Reddy's Laboratories Ltd. (India), Bayer AG (Germany) and GSK plc (U.K.), these market key players provide a level-playing competitive environment.
In July 2023, Sanofi sold Neuraxpharm 17 medicines, including Tramadol, a painkiller.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 9.5% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Drug Class, Route of Administration, Distribution Channel, and Region
By Drug Class Non-steroidal Anti-Inflammatory Drugs
Antidepressants
Analgesic
Opioids
Others
By Route of Administration Oral
Topical
Others
By Distribution Channel Hospital Pharmacies
Retail & Online Pharmacies
By Region North America (By Drug Class, By Route of Administration, By Distribution Channel, By Country/Sub-Region)
- U.S.
- Canada
Europe (By Drug Class, By Route of Administration, By Distribution Channel, By Country/Sub-Region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
Asia Pacific (By Drug Class, By Route of Administration, By Distribution Channel, By Country/Sub-Region)
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Drug Class, By Route of Administration, By Distribution Channel, By Country/Sub-Region)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Drug Class, By Route of Administration, By Distribution Channel, By Country/Sub-Region)
- GCC
- South Africa
- Rest of Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.