Chronic Pain Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033

Chronic Pain Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033

Report Format: PDF+Excel | Report ID: SR112023A6612
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The chronic pain market has been comprehensively analyzed in IMARC’s new report titled “Chronic Pain Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033”. Chronic pain is long-standing pain that lasts beyond the usual recovery period or coexists with a chronic health condition. Inflammation or damaged nerves can both contribute to the pain. It is also caused by a disease or injury but is considered a separate condition, along with its medical definition and taxonomy. Chronic pain syndrome affects both the physical and mental health of patients. While the pain can be near-constant, there might be flares or intense pain as a result of an increase in stress or activity. The symptoms include joint pain, muscle aches, burning pain, fatigue, sleep problems, loss of stamina or flexibility due to decreased activity, etc. Chronic pain is hard to diagnose and is considered subjective; therefore, only the individual experiencing it can identify and describe it. The diagnosis is usually made by physically examining the body of the patient and performing tests that can assess the cause of the pain. It includes blood tests, electromyography to test muscular activity, imaging tests such as X-rays and MRIs, spinal fluid tests, etc.

The rising prevalence of chronic diseases, such as osteoarthritis, diabetic neuropathy, multiple sclerosis, cancer, etc., is primarily driving the chronic pain market. In addition to this, the expanding geriatric population, who are more susceptible to developing such ailments, is further bolstering the market growth. Moreover, the escalating need for over-the-counter medications and the strong networking of retail pharmacies are also acting as significant growth-inducing factors. Besides this, the emerging popularity of alternative pain relief therapies owing to the escalating awareness regarding the potential implication of prolonged use of pain treatment drugs, including the risk of addiction and other side effects, is further catalyzing the global market. Furthermore, the inflating requirement to reduce the demand-supply gap for effective neuropathic pain management drugs is encouraging the key players to develop innovative and advanced therapies, which is also stimulating the market growth. Apart from this, several pharmaceutical companies are investing in R&D activities to introduce analgesics or painkillers that are more effective, economically viable, and easier to administer. This, in turn, is further creating a positive outlook for the market. Additionally, the rising emphasis on improving medications to simplify treatments and reduce adverse effects, especially for the elderly and pediatric population, is expected to fuel the chronic pain market in the coming years.

IMARC Group’s new report provides an exhaustive analysis of the chronic pain market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report, the United States has the largest patient pool for chronic pain and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the chronic pain market in any manner.

Time Period of the Study

  • Base Year: 2022
  • Historical Period: 2017-2022
  • Market Forecast: 2023-2033
     

Countries Covered

  • United States
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Japan
     

Analysis Covered Across Each Country

  • Historical, current, and future epidemiology scenario
  • Historical, current, and future performance of the chronic pain market
  • Historical, current, and future performance of various therapeutic categories in the market
  • Sales of various drugs across the chronic pain market
  • Reimbursement scenario in the market
  • In-market and pipeline drugs
     

This report also provides a detailed analysis of the current chronic pain marketed drugs and late-stage pipeline drugs.

In-Market Drugs

  • Drug overview
  • Mechanism of action
  • Regulatory status
  • Clinical trial results
  • Drug uptake and market performance
     

Late-Stage Pipeline Drugs

  • Drug overview
  • Mechanism of action
  • Regulatory status
  • Clinical trial results
  • Regulatory status
     

Key Questions Answered in this Report

Market Insights

  • How has the chronic pain market performed so far and how will it perform in the coming years?
  • What are the markets shares of various therapeutic segments in 2022 and how are they expected to perform till 2033?
  • What was the country-wise size of the chronic pain market across the seven major markets in 2022 and what will it look like in 2033?
  • What is the growth rate of the chronic pain market across the seven major markets and what will be the expected growth over the next ten years?
  • What are the key unmet needs in the market?
     

Epidemiology Insights

  • What is the size of the chronic pain patient pool (2017-2022) across the seven major markets?
  • What would be the forecasted patient pool (2023-2033) across the seven major markets?
  • What are the key factors driving the epidemiological trend of chronic pain?
  • What will be the growth rate of patients across the seven major markets?
     

Chronic Pain: Current Treatment Scenario, Marketed Drugs and Emerging Therapies

  • What are the current marketed drugs and what are their market performance?
  • What are the key pipeline drugs and how are they expected to perform in the coming years?
  • How safe are the current marketed drugs and what are their efficacies?
  • How safe are the late-stage pipeline drugs and what are their efficacies?
  • What are the current treatment guidelines for chronic pain drugs across the seven major markets?
  • Who are the key companies in the market and what are their market shares?
  • What are the key mergers and acquisitions, licensing activities, collaborations, etc. related to the chronic pain market?

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Chronic Pain Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033
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