Table of Contents
Pain is defined as an unpleasant feeling brought on by a noxious stimuli or injury. The expression of pain can drive someone to stay away from harmful situations, defend injured tissues and avoid similar situations in future. Usually pain is classified as either acute or chronic, and can also be classified into mild, moderate and severe on the basis of severity of pain. The most common types of pain include back pain, orthopedic pain, cancer pain, post-surgical pain and neuropathic pain. Acute pain lasts for shorter duration and gradually resolves as the injured tissue heals but chronic pain lasts longer than 12 weeks and persists even after complete tissue healing.
Increasing incidences of chronic pain conditions globally, increasing recognition of the benefits relating to pain management by the physicians and patients, introduction of innovative drugs for pain treatment, escalating diabetic and obese population, increasing women’s population, growing drug spending and increasing healthcare expenditure are some of the significant factors driving the growth of pain management market. However, the growth of the market is hindered by certain challenges including increasing threats to branded drugs from generic introduction, rising death incidents from opioid consumption and limitations attached to intravenous NSAIDs.
The pain management market is set to see changes in the treatment paradigm, where opioid drugs are being replaced by non-opioids. The key trends of the market include rising opportunity for buprenorphine based drugs, development of several abuse-deterrent drugs for chronic pain, pain relieving devices as the fastest growing healthcare sector, untapped local anesthetics market for post-operative pain, substantial impact of chronic pain in the U.S. and presence of several certified physicians for pain management in the U.S.
The report, “Global Pain Management Market” analyzes the current prevailing condition of the market along with its future scope of development. The global market along with specific market of the U.S., is being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The major players in the industry are being profiled, along with their key financials and strategies for growth.
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