Get In Touch

Neuropathic Pain Management Market: Introduction

  • Neuropathic pain refers to a condition of chronic pain that is caused by a primary lesion such as trauma, infection, or other dysfunction in the nervous system. Prominent syndromes of neuropathic pain include root avulsions, postherpetic neuralgia, painful traumatic mononeuropathy, painful polyneuropathy, postsurgical pain syndromes, central pain syndromes, and complex regional pain syndrome. Some of the usual medications prescribed for neuropathic pain are anesthetics, anticonvulsants (also called neuroleptic medications), and antidepressants (also known as tricyclic antidepressants). Common antidepressants include amitriptyline and nortriptiline, while valproic acid, carbamazepine, felbamate, phenytoin, and clonazepam a few of the most common anticonvulsants used for the treatment of neuropathic disorders. Tocainide or Mexiletine and Idocaine are some of the major anesthetics used to reduce neuropathic pain.
  • The global market for neuropathic pain can be segmented based on drug class, indication, distribution channel, and region. In terms of drug type, the market can be divided into tricyclic antidepressant, anticonvulsants, local anaesthesia, opioids, steroids, and others. Based on indication, the market can be categorized into diabetic neuropathy, chemotherapy-induced peripheral neuropathy, and others. In terms of distribution channel, the market can be segmented into retail pharmacies, drug stores, and online pharmacies. Geographically, the report studies the opportunities available in the regions of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The global neuropathic pain management market is estimated to expand considerably in the next few years, owing to a surge in incidence of peripheral nerve issues. Trauma, infections, or dysfunction in the central nervous system is the root cause of neuropathic pain.

Key Drivers, Restraints, and Opportunities of Global Neuropathic Pain Management Market

  • Rise in incidence of chronic ailments such as diabetes and other cardiovascular diseases is a key factor propelling the global neuropathic pain management market. According to statistics from the World Health Organization (WHO), in 2018 over 422 million were suffering from diabetes. This number is expected to rise in the next few years, leading to high demand for neuropathic pain management.
  • Expansion of healthcare infrastructure, rise in resource allocation by Pharma giants toward research, and novel drug discovery techniques are further fuelling the global neuropathic pain management market.
  • However, the side-effects of drugs such as steroids and opioids may hamper the market. Additionally, the high cost of branded drugs could further restrain the neuropathic pain management market. These market limitations, however, may be overcome by the key trend of generic drugs, increased spending on healthcare, and rising demand for minimally invasive techniques.
  • The global neuropathic pain management market is predicted to be influenced by a number of trend in the in the healthcare industry. Some of the key developments that are anticipated to boost the global neuropathic pain management market are as follows:
  • Introduction of Grants towards Research
  • An IASP Developing Countries Project, which continued to March 2018, was launched in January 2018 by the International Association for Pain Studies (IASP), with the aim of increasing pain education and practice in developing countries by providing sufficient grants. In November 2018 Eellan Sivanesan, MD received the Chronic Pain Medicine Research Grant 2018 from the American Society for Regional Anesthesia and Pain Medicine (ASRA). Rise in awareness and funding activities offered by institutes and government organizations is expected to boost the global neuropathic pain management market.
  • Vendors Gaining Approval for New Drugs
  • In November 2018, a new NDA application for Lasmiditan for migraine, with or without aura, migraine stage, for adults was presented by Eli Lilly and Company to the US Food and Drugs Administration (USFDA). This key development is anticipated to boost the global neuropathic pain management market in the next few years.

North America to Capture Major Share of Global Neuropathic Pain Management Market

  • North America is projected to dominate the global neuropathic pain management market in the near future. This could be due to the developed and established healthcare infrastructure, rapid adoption of technological advancements in pain management techniques, and presence of leading vendors in the neuropathic pain management market in the region.
  • The neuropathic pain management market in Asia Pacific is projected to expand at a sluggish pace in the next few years. Increase in prevalence of diseases such as diabetes and cardiovascular ailments is fueling the market in the region.

Key Players Operating in Global Neuropathic Pain Management Market

The global neuropathic pain management market is highly consolidated with the presence of key players. A large number of manufacturers hold a major share in their respective regions. Major players operating in the global neuropathic pain management market include:

  • Baxter Healthcare Corporation
  • Biogen Idec Inc.
  • Bristol-Myers Squibb and Company
  • Depomed Inc.
  • Eli Lily and Company
  • GlaxoSmithKline PLC
  • Johnson & Johnson Services Inc.
  • Pfizer Inc.
  • Sanofi S.A.

Global Neuropathic Pain Management Market: Research Scope

Global Neuropathic Pain Management Market: by Drug Class

  • Tricyclic antidepressant
  • Anticonvulsants
  • Local anesthesia
  • opioids
  • Steroids
  • Others

Global Neuropathic Pain Management Market, by Indication

  • Diabetic neuropathy
  • Chemotherapy-induced peripheral neuropathy
  • Others

Global Neuropathic Pain Management Market, by Distribution Channel

  • Retail pharmacies
  • Drug stores
  • Online pharmacies

Global Neuropathic Pain Management Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East &Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Neuropathic Pain Management Market

Pre Book