The ‘Global Peripheral Neuropathy Treatment Market Analysis, Growth, Share, Size, Report and Forecast 2023-2031’ by Expert Market Research gives an extensive outlook of the global peripheral neuropathy treatment market, assessing the market on the basis of its segments like type, therapeutics method, end user, treatment channel, and major region.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Peripheral Neuropathy Treatment Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Historical Market Size (2022): USD 737 Million
• Forecast CAGR (2023-2031): 3.7%
• Forecast Market Size (2031): USD 1022 Million
The primary driver fuelling the expansion of the global peripheral neuropathy treatment market include the rising prevalence of peripheral neuropathy. Over the projected period, the global market for the treatment of peripheral neuropathy is anticipated to develop further due to the increasing prevalence of cancer and chronic diseases.
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Additionally, the rising geriatric population is helping the market’s revenue to increase. Increased knowledge of peripheral neuropathy and its management with medications and therapies is also anticipated to be the key driver of the global peripheral neuropathy treatment market.
Infrastructure, rising point-of-care expenses, and healthcare spending have a positive impact on the market’s revenue growth. The market is experiencing revenue growth as a result of an increase in research and development activities for the focused treatment of peripheral neuropathy.
Peripheral Neuropathy Treatment Industry Definition and Major Segments
Any nerve condition that affects a particular area of the nervous system is referred to as peripheral neuropathy. Peripheral neuropathy develops when the nerves are destroyed or injured to the point where they are no longer working normally. The nerves’ usual ability to work is hampered by this. They may send pain signals even if nothing is hurting, or they may not even send a signal if there is anything hurting. This might be brought on by a systemic disease, an infection, an accident, a hereditary ailment, an imbalance in hormones, specific drugs, or a vitamin deficiency.
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Based on type, the market is segmented into:
• Diabetic Peripheral Neuropathy
• Chemotherapy-Induced Peripheral Neuropathy
• Idiopathic Peripheral Neuropathy
• HIV/AIDS Associated Peripheral Neuropathy
The market on the basis of therapeutics method is segmented into:
• Pharmacological Therapies
o Pain Relievers
o Anti-Seizure Medications
o Anti-Depressants
• Non-Pharmacological Therapies
o Transcutaneous Electrical Nerve Stimulation
o Plasma Exchange
o Others
• Others
On the basis of end-user, the market is segmented into:
• Hospitals And Clinics
• Retail Pharmacy
• Online Pharmacy
Based on treatment channel, the market is divided into:
• Public
• Private
On the basis of region, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Peripheral Neuropathy Treatment Market Trends
During the projected period, the strong pipeline of peripheral neuropathy medicines coming from the major players in the market are expected to be the key trends in the global peripheral neuropathy treatment market. The projection period will see the approval and introduction of these medications, which are now going through various stages of clinical studies. These medications have a greater potential to alter market dynamics.
Over the forecast period, North America is anticipated to generate the biggest revenue share. This is the result of new therapeutic alternatives being introduced in the region. The rising healthcare costs and the availability of treatment options will support the market’s revenue growth in the region. Additionally, the peripheral neuropathy treatment market has seen revenue increase as a result of growing disease awareness. Over the forecast period, these factors are anticipated to fuel the peripheral neuropathy market’s revenue expansion in the region.
Over the forecast period, the Asia Pacific region is anticipated to experience a significant revenue growth rate. The number of elderly people has significantly increased in nations like China and India. Additionally, the presence of generic drug manufacturers and the expansion of healthcare facilities in the region are key factors aiding the region’s growth. Over the course of the forecast period, these factors are anticipated to propel the market growth.
Key Market Players
The major players in the global peripheral neuropathy treatment market report are:
- Abbott Laboratories
- Bristol Myers Squibb Co
- Novartis AG
- Eli Lilly and Company
- Pfizer Inc.
- GlaxoSmithKline Plc
- Merck and Co. Inc.
- F. Hoffmann-La Roche Ltd
- Cipla Ltd.
- Lupin Ltd
- RxFunction, Inc.
- Dr. Reddy’s Laboratories
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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