Neuropathic Pain Market to Exceed a Healthy Growth Rate at CAGR 5.5% from 2017 to 2023

Pune, India — (PRESS RELEASE JET) — 11/01/2017 — Neuropathic pain is a chronic pain that occurs due to tissue injury and is associated with sensor motor system. The major driving factor for global neuropathy pain market is increasing prevalence of diseases like cancer and diabetes. These two diseases are major cause for neuropathy pain. According to the latest study, 16 % of global population is suffering from painful diabetic neuropathy. Beside this increase in the demand for generic drugs and rapid launch of new neuropathic drug in the market has provided fuel for the growth of this market. On the other hand increasing side effects of steroids and increasing cost of branded drugs may hamper the growth of this market.

Global neuropathic pain market was $ 5.5 billion in 2017 and is expected to reach to $ 8.1 billion by growing at the CAGR of 5.5% during forecasted period of 2017-2023.

Market Segments:

The market is segmented into following which includes by drug types (anticonvulsants, antidepressant, anaesthesia, steroids and other), by condition (Peripheral neuropathy, diabetic neuropathy and other) and by end user (retail pharmacies, hospitals and other)

Key Players:

Some of the key players in this market are Pfizer Inc., Depomed Inc., Johnson & Johnson Services Inc., Eli Lily and Company, GlaxoSmithKline PLC, Bristol-Myers Squibb and Company, Sanofi S.A, Baxter Healthcare Corporation, and Biogen Idec Inc.

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Regional Analysis:

On regional basis, North America dominates the neuropathic pain market. Due to increase in number of diseases like diabetes and cancer in this region, all these have developed the market in North America. Beside this increasing aging population in this region has also provided a push to the market’s growth. In neuropathic pain market North America is followed by Europe. Improved infrastructure, increase in technological advance and prevalence of diseases which causes neuropathic pain has led to the growth of this market in Europe.

Asia Pacific is a developing region. Due to a huge demand of advance treatment for neuropathic pain along with increase in prevalence of diabetes in this region all these will allow growth of this market by the CAGR of 6.4% during the forecasted period.

Study Objectives:

Detail information about factors affecting the growth of the global neuropathic pain

Detail analysis of parent market with respect to all possible segmentation of the

Detail analysis of emerging key players in the market along with effective strategies followed by them.

Detail Information about present market growth and forecasted market growth plus factors that influences the market growth on the global scale.

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments in the global neuropathic pain market.

Analysis of the market based on various analyses which includes price analysis, supply chain analysis, Porters Five Force analysis etc.

Detail information on the possible segments and sub segments of the market. Along with this regional analysis of the market which includes – North America, Europe, Asia Pacific plus Middle East and Africa.

Insights on major regions in which this market is blooming and to identify regions which are still untapped.

Detail information on trends followed and opportunities that are in various regions.

Intended Audience:

Pharmaceutical companies

Research and development (R&D) companies

Government and independent research laboratories

Contract research organizations (CROs)

Medical research laboratories

Academic medical institutes and universities

Market Assessment:

The report of Global Neuropathic Pain Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the market’s segments and regions.

Table of Contents

1 Introduction

2 Research Methodology

3 Market Dynamics

4 Market Factor Analysis

5 Global Neuropathic Pain Market, By Drug Type

6 Global Neuropathic Pain Market, By Disease Cause

7 Global Neuropathic Pain Market, By End User

8 Global Pain Management Devices Market, By Region

9 Competitive Landscape

10 Company Profile

…CONTINUED

About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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