Chronic pain is caused by pain signals in the nervous system that can last for months, even years. Pain that lasts for at least 12 weeks is usually considered chronic pain. It is commonly caused by cancer, arthritis, and neurogenic pain, however, some people experience chronic pain in the absence of previous injury, commonly called psychogenic pain.
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Increase in aging population, increase in government funding for treatment and prevalence of chronic health conditions are the important factors driving the growth of the market. Moreover, increasing adoption of pain management solutions such as analgesic infusion pumps and non-opioid pain treatment methods has fueled the market growth.
Initiatives implemented globally by national and international government organizations for awareness and funding for chronic pain management play a significant role in the market growth. For example, the International Association for the Study of Pain launched a project in January 2018 to advance pain education and practice in developing countries by providing grants to developing countries.
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The chronic pain market is segmented based on product, application, end user, and region. Depending on product, the market is divided into devices and drugs. The applications covered in the market include cancer pain, postoperative pain, low back pain, orthopedic, neuropathic, fibromyalgia, anesthesia, cough suppression, diarrhea suppression, and de-addiction. On the basis of end user, the market is classified into hospital, clinics, and research organization. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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- This report provides a detailed quantitative analysis of the current trends and future estimations from 2018 to 2025, which assists to identify the prevailing chronic pain market opportunities.
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the global chronic pain market is provided.
- Region-wise and country-wise chronic pain market conditions are comprehensively analyzed in this report.
- Key market players within the chronic pain market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the global chronic pain market.
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The key market players profiled in the report include Eli Lilly and Company, Pfizer Inc., Abbott Laboratories, Medtronic Plc., Boston Scientific Corporation, Novartis AG, Johnson & Johnson, AstraZeneca PLC, Bristol-Myers Squibb Company, Becton
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