Product Code: GVR-4-68039-022-8
Neuralgia Treatment Market Growth & Trends
The global neuralgia treatment market size is expected to reach USD 2.8 billion by 2027, expanding at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. The rising geriatric population, increasing incidence of trigeminal neuralgia, and the growing prevalence of diabetes are the key factors driving the market. Neuralgia is a burning, stabbing, and severe pain due to a damaged or irritated nerve.
The chronic pain in the nerves can occur due to various factors such as infection, diabetes, aging, multiple sclerosis, or any similar disorders that damage the myelin sheath protecting certain nerves. Tumor compressing the trigeminal nerve can also cause the disorder. The prevalence of chronic pain in the trigeminal nerve increases with the aging population. According to the estimates published by the WHO, the geriatric population is anticipated to rise from 900.0 million in 2015 to 2.0 billion in 2050. The geriatric population is prone to many diseases such as diabetes and trigeminal neuralgia.
As per the American Association of Neuromuscular and Electrodiagnostic Medicine, the disorder usually affects the population aged 50 years or older. It also reported that women are more prone to trigeminal neuralgia than men. As per the study, The Patient's Journey Through Trigeminal Neuralgia published by the International Association for The Study of Pain (IASP), the incidence rate of the disorder in the general population is 3.4 to 5.9 per 100,000 population. It also reported that the incidence rate is comparatively higher in the geriatric population. Such factors are expected to boost market growth over the forecast period. Stereotactic radiosurgery and microvascular decompression are the two most common procedures being adopted to treat the disorder.
Neuralgia Treatment Market Report Highlights
On the basis of treatment, the surgery segment held the largest market share in 2019 owing to rising awareness regarding various treatment options and the high cost of surgeries
The surgery segment has been further sub-segmented into Radiofrequency Thermal Lesioning, Stereotactic Radiosurgery, Microvascular Decompression, and others
The ambulatory surgery center segment is anticipated to witness the fastest growth over the forecast period owing to the rising demand for a reduced hospital stay
In North America, the market held the largest revenue share in 2019 owing to the presence of key players in the region.
Table of Contents
Chapter 1 Report Scope
- 1.1 Market Segmentation and Scope
- 1.2 Regional Scope
- 1.3 Estimates and Forecast Timeline
Chapter 2 Research Methodology
- 2.1 Research Methodology
- 2.1.1 Information procurement
- 2.2 Information or Data Analysis
- 2.3 Market Formulation & Validation
- 2.4 Region Wise Market Calculation
- 2.4.1 Region Wise Market: Base Estimates
- 2.4.2 Global Market: CAGR Calculation
- 2.5 Region Based Segment Share Calculation
- 2.6 Model Details
- 2.6.1 Commodity Flow Analysis (Model 1)
- 2.6.2 Volume price analysis (Model 2)
- 2.7 List of Secondary Sources
Chapter 3 Objectives
- 3.1 Objective - 1
- 3.2 Objective - 2
- 3.3 Objective - 3
- 3.4 Objective - 4
Chapter 4 Executive Summary
- 4.1 Market Outlook
- 4.2 Segment Outlook
- 4.3 Competitive Insights
- 4.4 Market Snapshot
Chapter 5 Industry Outlook
- 5.1 Penetration & Growth Prospect Mapping
- 5.2 Regulatory Framework
- 5.3 Market Dynamics
- 5.3.1 Market driver analysis
- 5.3.1.1 Rising prevalence of trigeminal neuralgia
- 5.3.1.2 Increase in geriatric population across the globe
- 5.3.1.3 Increase in prevalence of diabetes
- 5.3.2 Market restraint analysis
- 5.3.2.1 High cost of surgery
- 5.4 Neuralgia Treatment Market Analysis Tools
- 5.4.1 SWOT Analysis, by PEST
- 5.4.2 Porter's five forces analysis
Chapter 6 Neuralgia Treatment Market: Segment Analysis, By Treatment, 2016 - 2027 (USD Million)
- 6.1 Definitions & Scope
- 6.2 Treatment Market Share Analysis, 2019 & 2027
- 6.3 Neuralgia Treatment Market, by Treatment, 2016 to 2027
- 6.4 Market Size Forecasts and Trend Analysis
- 6.4.1Drug Based
- 6.4.1.1 Drug based market, 2016 - 2027 (USD Million)
- 6.4.1.2 Anticonvulsant Medicines
- 6.4.1.2.1 Anticonvulsant medicines market, 2016 - 2027 (USD Million)
- 6.4.1.3 Tricyclic antidepressants
- 6.4.1.3.1 Tricyclic antidepressantsmarket, 2016 - 2027 (USD Million)
- 6.4.2Surgery
- 6.4.2.1 Surgery market, 2016 - 2027 (USD Million)
- 6.4.2.2 Radiofrequency Thermal Lesioning
- 6.4.2.2.1 Radiofrequency thermal lesioning market, 2016 - 2027 (USD Million)
- 6.4.2.3 Stereotactic Radiosurgery
- 6.4.2.3.1 Stereotactic radiosurgerymarket, 2016 - 2027 (USD Million)
- 6.4.2.4 Microvascular Decompression
- 6.4.2.4.1 Microvascular decompressionmarket, 2016 - 2027 (USD Million)
- 6.4.2.5 Others
- 6.4.2.5.1 Others market, 2016 - 2027 (USD Million)
Chapter 7 Neuralgia Treatment Market: Segment Analysis, By End Use 2016 - 2027 (USD Million)
- 7.1 Definitions & Scope
- 7.2 End Use Market Share Analysis, 2019 & 2027
- 7.3 Neuralgia Treatment Market, by End Use, 2016 to 2027
- 7.4 Market Size Forecasts and Trend Analysis
- 7.4.1 Hospitals & Clinics
- 7.4.1.1 Hospitals & clinics market, 2016 - 2027 (USD Million)
- 7.4.2 Ambulatory Surgery Center
- 7.4.2.1 Ambulatory surgery centermarket, 2016 - 2027 (USD Million)
- 7.4.3 Others
- 7.4.3.1 Others market, 2016 - 2027 (USD Million)
Chapter 8 Neuralgia Treatment Market: Regional Market Analysis, By Treatment, and End Use, 2016 - 2027 (USD Million)
- 8.1 Definitions & Scope
- 8.2 Regional Market Share Analysis, 2019 & 2027
- 8.3 Regional Market Snapshot
- 8.4 Market Size Forecasts & Trend Analysis
- 8.4.1 North America
- 8.4.1.1 North America neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.1.2 The U.S.
- 8.4.1.2.1 The U.S. neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.1.3 Canada
- 8.4.1.3.1 Canada neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.2 Europe
- 8.4.2.1 Europe neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.2.2 The U.K.
- 8.4.2.2.1 The U.K. neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.2.3 Germany
- 8.4.2.3.1 Germany neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.3 Asia Pacific
- 8.4.3.1 Asia Pacific neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.3.2 Japan
- 8.4.3.2.1 Japan neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.3.3 China
- 8.4.3.3.1 China neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.4 Latin America
- 8.4.4.1 Latin America neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.4.2 Brazil
- 8.4.4.2.1 Brazil neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.4.3 Mexico
- 8.4.4.3.1 Mexico neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.5 Middle East & Africa
- 8.4.5.1 Middle East & Africa neuralgia treatmentmarket, 2016 - 2027 (USD Million)
- 8.4.5.2 South Africa
- 8.4.5.2.1 South Africa neuralgia treatment market, 2016 - 2027 (USD Million)
- 8.4.5.3 Saudi Arabia
- 8.4.5.3.1 Saudi Arabia neuralgia treatment market, 2016 - 2027 (USD Million)
Chapter 9 Neuralgia Treatment Market: Competitive Analysis
- 9.1 Company Profiles
- 9.1.1 GlaxoSmithKline PLC
- 9.1.1.1 Company overview
- 9.1.1.2 Financial performance
- 9.1.1.3 Product benchmarking
- 9.1.1.4 Strategic initiatives
- 9.1.2 Pfizer Inc.
- 9.1.2.1 Company overview
- 9.1.2.2 Financial performance
- 9.1.2.3 Product benchmarking
- 9.1.2.4 Strategic initiatives
- 9.1.3 Novartis AG
- 9.1.3.1 Company overview
- 9.1.3.2 Financial performance
- 9.1.3.3 Product benchmarking
- 9.1.1.4 Strategic initiatives
- 9.1.4 Biogen
- 9.1.4.1 Company overview
- 9.1.4.2 Financial performance
- 9.1.4.3 Product benchmarking
- 9.1.4.4 Strategic initiatives
- 9.1.5 Cadila Healthcare Limited
- 9.1.5.1 Company overview
- 9.1.5.2 Financial performance
- 9.1.5.3 Product benchmarking
- 9.1.5.4 Strategic initiatives
- 9.1.6 Lundbeck Pharmaceuticals LLC
- 9.1.6.1 Company overview
- 9.1.6.2 Financial performance
- 9.1.6.3 Product benchmarking
- 9.1.6.4 Strategic initiatives