Neuralgia Treatment Market to Grow with a CAGR of 8.84% through 2030F
Pharmaceutical innovations, increased awareness, and collaborations are expected to drive the Global Neuralgia Treatment Market growth in the forecast period, 2026-2030
According
to TechSci Research report, “Neuralgia Treatment Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Neuralgia Treatment Market stood at USD 1.21 billion in 2024 and is
anticipated to grow with a CAGR of 8.84% in the forecast period, 2025-2030.
This can be attributed to collaborations and partnerships. Collaborations and
partnerships between pharmaceutical companies, medical device manufacturers, healthcare
institutions, and research organizations have facilitated the development and
commercialization of new neuralgia treatment options. These alliances bring
together expertise and resources to accelerate research and ensure that
innovative therapies reach patients in need.
As
patient empowerment becomes a central focus of healthcare, the neuralgia
treatment market is expected to shift towards patient-centered care. This trend
involves actively involving patients in treatment decisions, considering their
preferences, values, and quality of life, and tailoring treatments accordingly.
The
growing demand for neuralgia treatment is attributed to several key factors.
Firstly, the rising prevalence of diabetes and the elevated incidence rate of
trigeminal neuralgia play a significant role in driving this demand.
Additionally, conditions like multiple sclerosis can also lead to neuralgia.
Multiple sclerosis is a neurodegenerative ailment characterized by the immune
system attacking the myelin sheath, causing neuralgia.
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Based
on treatment, drug-based therapies are currently the fastest-growing segment
compared to surgical treatments. This growth is driven by the increasing demand
for non-invasive, effective pain management solutions for conditions like
trigeminal neuralgia and postherpetic neuralgia. Drug treatments, including
anticonvulsants, antidepressants, and topical agents, offer patients a
convenient and less risky option for pain relief. The rising awareness of pain
management and the development of more targeted, effective medications are key
factors contributing to the expansion of this segment. Additionally, drug-based
therapies align with the growing preference for outpatient, cost-effective
treatments over surgical interventions.
Based
on region, the Asia-Pacific region is the fastest-growing market for neuralgia
treatments, driven by several key factors. The region has a rapidly aging
population, particularly in countries like Japan, China, and India, leading to
an increased prevalence of age-related neurological disorders, including
neuralgia. As the aging population grows, the demand for effective treatments
for chronic pain conditions such as trigeminal neuralgia and postherpetic
neuralgia is also rising. The
growing awareness of pain management and neurological disorders is contributing
to market expansion. Improved healthcare access, along with advancements in
medical technologies and therapies, has made treatment options more accessible
to patients in both urban and rural areas. The rising healthcare expenditure in
countries like China and India is increasing the affordability and availability
of medical treatments, further driving the market. Additionally, the
Asia-Pacific region has seen an increase in the adoption of non-invasive
treatments, such as drug-based therapies, which are preferred due to their
lower cost and ease of access compared to surgical interventions. The presence
of leading pharmaceutical companies and the development of more localized
treatments tailored to the region’s needs are contributing to the region’s
growth, making it a key player in the global neuralgia treatment market.
Major companies operating in Global Neuralgia
Treatment Market are:
·
GSK PLC
·
Pfizer Inc
·
Novartis AG
·
Biogen Inc
·
Cadila Pharmaceuticals Ltd
·
Lundbeck Pharmaceuticals Ltd
·
Zydus Group (Cadila Healthcare
Limited)
·
Eli Lily and Company
·
Allergan Inc.
·
Baxter International Inc
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“The
Global Neuralgia Treatment Market is on the cusp of transformative changes
driven by technological advancements, innovative treatments, and
patient-centered approaches. These upcoming key trends promise to enhance the
accuracy of diagnosis, increase treatment options, and improve the overall
quality of care for individuals suffering from neuralgia-related conditions. As
healthcare providers, researchers, and pharmaceutical companies embrace these
trends, the future of neuralgia treatment looks increasingly promising,
offering hope and relief to millions of patients around the world”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Neuralgia Treatment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Treatment (Drug-Based, Surgery), By Indication (Diabetic Neuropathy, Intercostal Neuralgia, Occipital Neuralgia, Peripheral Neuralgia, Postherpetic Neuralgia, Trigeminal Neuralgia), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global
Neuralgia Treatment Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Neuralgia
Treatment Market.
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