Europe Neuropathic Pain Market Report – Industry Trends and Forecast to 2028

Europe Neuropathic Pain Market, By Type (Spinal Cord Stimulation (SCS) Devices, External Peripheral Nerve Stimulation, Transcutaneous Electrical Nerve Stimulation (Tens) Devices), Product Type (Rechargeable and Non-Rechargeable), Procedure (Invasive and Non-Invasive), Technology (Transcutaneous Electrical Nerve Stimulation, Transcranial Magnetic Stimulation and Respiratory Electrical Stimulation), Modality (Stationary and Portable), Mode of Purchase (Over-the-Counter Devices and Prescription-Based Devices), Pain Type (Peripheral Neuropathy, Entrapment Neuropathy, Phantom Limb Neuropathy, Trigeminal Neuralgia, Post Herpetic Neuralgia (PHN), Post Traumatic Neuropathy, Foot Pain, Coccydynia), Indication (Spinal Stenosis, Chemotherapy-Induced Peripheral Neuropathy, Diabetic Neuropathy, Others), End User (Hospitals, Clinics, Home Healthcare, Ambulatory Surgical Centers and Others), Distribution Channel (Direct Tender, Third Party Distributor and Others), Country (Germany, France, U.K., Italy, Russia, Spain, Netherlands, Turkey, Switzerland, Rest of Europe) Industry Trends and Forecast To 2028

Market Analysis and Insights: Europe Neuropathic Pain Market

The neuropathic pain market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.1% in the forecast period of 2021 to 2028 and is expected to reach USD 1,992.30 million by 2028. As these devices are long lasting and efficient which is the major driver boosting the demand of the neuropathic pain market in the forecast period. Growing prevalence of chronic pain and neuropathic pain condition associated with many diseases will act as a driver for the growth of the neuropathic pain market.

Neuropathic pain is caused by a lesion or disease of the somatosensory system including peripheral fibres (Aβ, Aδ and C fibres) and central neurons and affects 7–10% of the general population. Multiple causes of neuropathic pain have been described and its incidence is likely to increase owing to the aging global population, increased incidence of diabetes mellitus and improved survival from cancer after chemotherapy.

Increasing R&D expenditure by various market players to create advanced products is expected to drive the growth of the neuropathic pain market. Limitation associated with the medical devices which limits the use of products is expected to act as restraint for the growth of the neuropathic pain market. High risk of neuropathic pain with ageing and rising older population in many countries will create an opportunity for the growth of the neuropathic pain market. Use of traditional therapies in emerging countries due to low health expenditure and disrupted supply chain is expected to act as a challenge for the growth of the neuropathic pain market.

The neuropathic pain market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Neuropathic Pain Market Scope and Market Size

The neuropathic pain market is segmented on the basis of the type, product type, procedure, technology, modality, mode of purchase, pain type, indication, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the neuropathic pain market is segmented into spinal cord stimulation (SCS) devices, external peripheral nerve stimulation and transcutaneous electrical nerve stimulation (TENS) devices. In 2021, spinal cord stimulation (SCS) devices segment dominate the neuropathic pain market due to the vast usage of these devices for various neuropathic pain indications and the wide range of the products available in the market.

On the basis of product type, the neuropathic pain market is segmented into rechargeable and non-rechargeable. In 2021, the rechargeable segment is expected to show significant growth because rechargeable devices avoid the discharged battery's surgical replacement in traditional devices.

On the basis of procedure, the neuropathic pain market is segmented into invasive and non-invasive. In 2021, the invasive segment is expected to dominate the market because these devices available in the market are generally operating by invasive procedures that generally provide better efficiency for neuropathic pain.

On the basis of technology, the neuropathic pain market is segmented into transcutaneous electrical nerve stimulation, transcranial magnetic stimulation and respiratory electrical stimulation. In 2021, the transcutaneous electrical nerve stimulation segment is expected to show significant growth because transcutaneous electrical nerve stimulation is a non-invasive, inexpensive, self-administered technique to relieve pain due to the growing technological advancement, these devices are increasing their market size.

On the basis of modality, the neuropathic pain market is segmented into stationary and portable. In 2021, the stationary devices segment is expected to show significant growth rate due to rising incidences of chronic diseases such as cancer, cardiovascular, neurovascular disease and musculoskeletal diseases which generally include RF generators and other devices which are stationary in nature.

On the basis of mode of purchase, the neuropathic pain market is segmented into over-the-counter devices and prescription-based devices. In 2021, the prescription-based devices segment is expected to dominate the market due to the wide range of products available as = prescription-based devices increase the market share of the segment.

On the basis of pain type, the neuropathic pain market is segmented into peripheral neuropathy, entrapment neuropathy, phantom limb neuropathy, trigeminal neuralgia, post herpetic neuralgia, (PHN) post traumatic neuropathy, foot pain and coccydynia. In 2021, the peripheral neuropathy segment is expected to show the significant growth due to the increasing prevalence of peripheral neuropathy across the globe.

On the basis of indication, the neuropathic pain market is segmented into spinal stenosis, chemotherapy-induced peripheral neuropathy, diabetic neuropathy and others. In 2021, the diabetic neuropathy segment is likely to dominate the market due to the changing lifestyle pattern resulting in rising cases of diabetic patients at an early age.

On the basis of end user, the neuropathic pain market is segmented into hospitals, clinics, home healthcare, ambulatory surgical centers and others. In 2021, the hospitals segment is growing due to trained professionals as the hospitals department has a well-trained staffs with a professional team for proper and better treatment of the patients.

On the basis of distribution channel, the neuropathic pain market is segmented into direct tender, third party distributor and others. In 2021, direct tender segment accelerates the revenue growth and provides tax benefits owing to which the direct tender segment is flourishing for the last few years.

Europe Neuropathic Pain Market Country Level Analysis

Europe neuropathic pain market is analysed and market size information is provided by the country, type, product type, procedure, technology, modality, mode of purchase, pain type, indication, end user and distribution channel as referenced above.

The countries covered in the Europe neuropathic pain market report are the Germany, France, U.K., Italy, Russia, Spain, Netherlands, Turkey, Switzerland and rest of Europe.

Europe is expected to grow with the significant growth rate in the forecast period of 2021 to 2028 due to more advancement and rise in demand for neuropathic pain devices. The U.K. is dominating in the Europe neuropathic pain market owing to the increasing cases of neuropathic pain in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Increasing Collaboration by the Players for Advanced Neuropathic Pain is Creating New Opportunities for Players in the Neuropathic Pain Market

The neuropathic pain market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the neuropathic pain market players’ strategy and their geographical presence. The data is available for historic period 2011 to 2019.

Competitive Landscape and Neuropathic Pain Market Share Analysis

The neuropathic pain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe neuropathic pain market.

The major players covered in the Europe neuropathic pain market report are NEVRO CORP., Boston Scientific Corporation, Abbott, electroCore, Inc., Polar Medical, B. Braun Melsungen AG, Omron Healthcare, Inc., Cirtec, Medtronic and Integer Holdings Corporation and AVNS among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many contracts and agreements are also initiated by the companies’ worldwide which are also accelerating the neuropathic pain market.

For instance,

In December 2021, Boston Scientific Corporation announced that they have launched WaveWriter Alpha Spinal Cord Stimulator Systems. This product is used for chronic pain and can be used in the neuropathic pain. This launch will add up to the revenue of the company and will gain the market share in the forecasted period.

Collaboration, joint ventures and other strategies by the market players is enhancing the company footprints in the neuropathic pain market which also provides the benefit for organisation in its growth pace.

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Europe Neuropathic Pain Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Europe Neuropathic Pain Market

Neuropathic Pain Market Scope and Market Size

Europe Neuropathic Pain Market Country Level Analysis

Competitive Landscape and Neuropathic Pain Market Share Analysis

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Research Methodology:

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Customization Available:

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