Global Chronic Lower Back Pain Market To Reach $8.08 Billion by 2025, Predicted To Skyrocket to $9.99 Billion in 2029
How is
the Global Chronic Lower Back Pain Market Performing?
The global chronic lower back pain market has grown steadily in recent years
and is anticipated to reach a market size of $8.08 billion in 2025, growing at
a compound annual growth rate (CAGR) of 4.6%. This growth in the historic
period can be attributed to factors such as sedentary lifestyles, manual labor
and occupational risks, advances in medical diagnosis, evolution of pain
management programs and epidemiological studies.
Looking ahead, the market is forecasted to grow robustly over the next few years,
reaching a market size of $9.99 billion in 2029 at a CAGR of 5.5%. This
predicted growth can be credited to the rise in non-pharmacological
interventions, increased efforts in preventative healthcare initiatives, focus
on holistic treatments, advancements in regenerative medicine and a rising
trend in aging populations.
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Chronic Lower Back Pain Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=9946&type=smp
What is
Driving the Chronic Lower Back Pain Market?
An increased prevalence of nerve instances is heavily supporting the growth of
the global chronic lower back pain market. Nerve instances refer to
circumstances when stressful or painful situations lead to heightened nerve
sensitivity, increasing one's perception of pain. This hypersensitivity can
occur even in the absence of actual injury. For instance, according to a report by the Nature Journal
in July 2023, the prevalence of peripheral neuropathy - a condition associated
with nerve damage - was found to be 28.4% in adults aged 40 and older with
diabetes and 11.8% in those without diabetes. As such, this increase in nerve
instances is significantly driving the market growth.
What Segments Make Up The Chronic Lower Back Pain Market?
The chronic lower back pain market is divided into the following segments:
1) By Type Of Pain: Diskogenic Pain, Lumbar Spinal Stenosis, Sacroiliac Pain,
Facet-Joint Pain, Radicular Pain, Muscular Pain, Other Types Of Pain
2) By Diagnosis: Clinical History, Physical Examination, Imaging Guidelines,
Assessment Of Pain
3) By End-User: Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers,
Other End-Users
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Who Are
The Major Players In The Chronic Lower Back Pain Market?
Several key companies operate within the chronic lower back pain market,
including Pfizer Inc., Johnson & Johnson Private Limited, Sanofi S.A., Endo
Pharmaceuticals plc, Merck Corporation, Vertebral Technologies Inc., Medtronic
plc, Boston Scientific Corporation, BioWave Corporation, Koninklijke Philips
N.V., and Teva Pharmaceutical Industries Ltd., among others. These major
players continue to shape the industry through their contributions.
What Emerging Trends Are Shaping The Industry?
Innovation and development of novel treatments is a significant trend emerging
within the chronic lower back pain market. Major companies are focusing their
efforts on creating state-of-the-art drugs to improve treatment outcomes for
patients. For example, US-based pharmaceutical company, Amneal Pharmaceuticals,
launched LYVISPAH in July 2022. This FDA-approved oral granule can alleviate
flexor spasms and associated pain, muscular rigidity, and clones related to
spasticity due to multiple sclerosis and other spinal cord disorders.
Which
Region Is Dominating The Chronic Lower Back Pain Market?
North America dominated the global chronic lower back pain market in 2024 and
continues to be a strong participant. Meanwhile, other regions such as
Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East,
and Africa also contribute to the global market dynamics.
What Does The Chronic Lower Back Pain Market Research Report Offer?
Chronic lower back pain (CLBP) is a lingering pain that persists for 12 weeks
or more despite treatment for the initial injury and is a significant cause of
disability and psychological issues. The Chronic Lower Back Pain Market
research report from The Business Research Company offers valuable insights
into global market sizes, growth rates, regional shares, competitor analyses,
detailed segments, trends, and opportunities.
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