Global Neural Pain Treatment Market – Industry Trends and Forecast to 2030

Global Neural Pain Treatment Market, By Type (Postherpetic, Trigeminal, Glossopharyngeal, Occipital, Peripheral, Intercostal, Others), Causes (Infection, Multiple Sclerosis, Nerve Pressure, Diabetes, Others), Treatment (Diagnosis, Medication, Surgery, Physical Therapy, Others), Route of Administration (Oral, Parenteral, Topical, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2030.

Neural Pain Treatment Market Analysis and Size

As per the records of World Health Organization, about 18.1 million new cases and 9.6 million deaths were registered because of cancer worldwide in 2018. The increasing awareness associated with neuropathic pain management, especially in fast-developing countries such as India and China, has augmented the number of pain management centers for treating neuropathic pain-related disorders.

Data Bridge Market Research analyses a growth rate in the neural pain treatment market in the forecast period 2023-2030. The expected CAGR of neural pain treatment market is around 6.5% in the mentioned forecast period. The market was valued at USD 7,626.7 million in 2022, and it would grow upto USD 12,622.16 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Neural Pain Treatment Market Scope and Segmentation

Market Definition

Neural pain is the burning, stabbing and sometimes severe pain condition that damage or irritate the nerves. The pain related with the nerves generally damage or inflames nerves which send false signal that result in chronic pain. There are diverse types of neuropathy such as proximal neuropathy, focal neuropathy, peripheral neuropathy and autonomic neuropathy.

Neural Pain Treatment Market Dynamics

Drivers

• Increasing Incidence of Diabetic Neuropathy

As per CDC, around 60–70% of people suffering from diabetes is projected to have diabetic neuropathy. As per the records of the International Diabetes Federation (IDF), in 2019, around 463 million adults (20-79 years) were living with diabetes and by 2045 this will rise to 700 million. This rising pool of diabetic patients is leading to surge in incidences of neuropathic pain worldwide, which will ultimately boost growth of the neuropathic pain management

• Increased Clinical Research Activities

Key market players are focused on conducting clinical trials to expand their market growth. For instance, in February 2020, NoNO Inc., which is a privately-held biotechnology company, stated that nerinetide, without prior administration of alteplase, demonstrated medically important improvements in patients suffering from acute ischemic stroke, in a multicenter, randomized, study. Additionally, in March 2020, several scientists from Heidelberg University, Germany, stated evaluation of the phytochemical composition and the possible prophylactic effects of an aqueous ethanol extract of Haematoxylon campechianum flowers on peripheral neuropathic pain in a chronic constriction injury rat model.

Opportunities

• Growing Launch of Drugs

The increasing launch of drugs for treating neural pain led to the growth of the market. For instance, in March 2020, Senzer Pharmaceuticals secured the Investigational New Drug application and data package for its ongoing FDA registration program from its former U.S. strategic partner for receiving approval for its cannabinoid respiratory device for treating the side effects induced by anti-cancer treatments, especially nausea, vomiting, and neuropathic pain.

• Increasing Drug Approvals by Several Authorized Organizations

The wide approval of the drugs by various regulatory authorities of the different regions contributes to the market's growth. For instance, in July 2020, Grünenthal and its U.S. subsidiary, Averitas Pharma, Inc., received U.S. FDA approval for QUTENZA 8% patch for the treatment of neuropathic pain related with diabetic peripheral neuropathy (DPN) of the feet in adults. It is a topical, non-systemic, non-opioid pain treatment that is delivered in the form of a patch and is the first and only treatment of its kind to deliver prescription-strength capsaicin directly into the skin. Such kind of approvals of the different routes of administration of drugs are projected to boost the growth of the market.

 Restraints/Challenges

• Lack Of Skilled Professionals

The absence of skilled healthcare professionals who cannot treat the patients properly with specific treatments could limit the growth of the global neural pain treatment market during the forecast period.

• Complications For Neural Pain Treatment

There are various side-effects of medications that are estimated to limit growth of the market. Wide use of opioids and steroids may lead to several complications such as heart attack, kidney failure, and lung damage. This hampers the market growth.

This neural pain treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neural pain treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Neural Pain Treatment Market       

The COVID-19 pandemic had a major impact on drug development for several neurological disorders in 2020, leading to clinical studies to be interrupted by shelter-in-place orders and making it difficult to safely collect biofluid samples. COVID-19 has considerably impacted neurological health as well. For instance, in March 2022, researchers at Washington University School of Medicine witnessed that many people who tested positive for COVID-19 in the early months of the pandemic also experienced peripheral neuropathy pain, tingling, and numbness in the hands and feet during and following their bouts with COVID-19. Such an increase in neuropathy pain because of COVID-19 has created the need for treatment amid the outbreak, thus boosting the market growth over the pandemic phase.

Recent Development

• In 2022, Daiichi Sankyo Company, Limited received approval in Japan to change the indication of the analgesic “Tarlige Tablets” (mirogabalin besilate) from “peripheral neuropathic pain” to “neuropathic pain.”

Global Neural Pain Treatment Market Scope

The neural pain treatment market is segmented on the basis of type, causes, treatment, route of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Postherpetic
• Trigeminal
• Glossopharyngeal
• Occipital
• Peripheral
• Intercostal
• Others

Causes

• Infection
• Multiple Sclerosis
• Nerve Pressure
• Diabetes
• Others

Treatment

• Medication
• Surgery
• Physical Therapy
• Others

Route of Administration

• Oral
• Parenteral
• Topical
• Others

End User

• Hospitals
• Homecare
• Specialty Clinics
• Others

Distribution Channel

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

Neural Pain Treatment Regional Analysis/Insights

The neural pain treatment market is analyzed and market size insights and trends are provided by type, causes, treatment, route of administration, distribution channel and end-user as referenced above.

The major countries covered in the neural pain treatment market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expecting a positive growth for neural pain treatment market throughout the forecasted period because of the presence of large number of pain specialist physicians and increasing number of approvals from the FDA.  

Asia-Pacific dominates the market due to the increased advancement in technology as well as growing healthcare expenditure.

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. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Neural Pain Treatment Market Share Analysis

The neural pain treatment 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to neural pain treatment market.

Key players operating in the neural pain treatment market include:

• AstraZeneca (U.K.)
• Lilly (U.S.)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Sanofi (France)
• Novartis AG (Switzerland)
• Sun Pharmaceutical Industries Ltd. (India)
• Aurobindo Pharma (India)
• Lupin (India)
• Merck & Co., Inc. (U.S.)
• Pfizer Inc. (U.S.)
• GSK plc (U.K.)
• Hikma Pharmaceuticals PLC (U.K.)
• Cipla Inc. (India)
• Lupin (India)
• Amneal Pharmaceuticals LLC. (U.S.)
• Zydus Group (India)
• Bausch Health Companies Inc. (Canada)
• Intas Pharmaceuticals (India)
• Dr. Reddy's Laboratories Ltd (India)
• Fresenius SE & Co. KGaA (Germany)