Global Chronic Lower Back pain Treatment Market Report 2023… – GlobeNewswire 825706221773 Dublin, April 25, 2023 (GLOBE NEWSWIRE) — The “Global Chronic Lower Back Pain Treatment Market Report and Forecast 2023-2031” report has been added to ResearchAndMarkets.com’s offering. The global chronic lower-back pain treatment market was valued at USD 7,9 billion in 2022. It is projected to grow by 4.90% CAGR during the forecast period 2023-2031 and reach a value USD 12,38 billion by 2031. The demand for effective treatment is increasing due to the prevalence of chronic lower-back pain. This is caused by factors like obesity, sedentary lifestyles and poor posture. Market growth is also expected to be driven by other factors, including government initiatives, aging populations, and growing awareness of pain management. The growth of the chronic lower-back pain treatment market has been largely attributed to technological advancements. The development of novel treatments, such as neuromodulation and minimally invasive procedures, has made chronic lower back pain treatment more effective and less invasive. This has helped to expand the reach of chronic back pain treatment, and help meet the growing demand. As awareness of chronic lower-back pain issues grows, and as new treatment options and technology are developed to meet people’s needs, the chronic lower-back pain treatment market will continue to grow. There are still significant barriers in accessing chronic lower-back pain treatment, especially in low-and middle-income countries where healthcare services are often limited. There are global efforts underway to improve access to chronic back pain treatment and address these barriers. Chronic Lower back Pain Epidemiology A significant percentage of the world’s population suffers from chronic lower back pain. The prevalence is estimated to be between 20-30% among adults. It is one the leading causes for disability in the world and can have a significant effect on the quality and productivity of those affected. As the global population grows older, chronic lower back problems are expected to increase. Lifestyle factors such as obesity and sedentary behavior also contribute to chronic lower back issues. Market Segments for Chronic Lower Back Pain Treatment The market can be segmented by pain type, diagnosis and treatment channel as well as major regions. Market Segmentation by Pain Type Discogenic Pain Lumbar Spinal Stenosis Sacroiliac Pain Facet- Joint Pain Radicular Pain Muscular Pain Other Market Analysis by Diagnosis Clinical History Physical Examination Image Guidelines Other Market Segmentation by Treatment Channel Public Private Investigators Market Analysis by Region North America United States of America Canada Europe United Kingdom Germany France Italy Other Asia Pacific China Japan India ASEAN Australia Other Latin America Brazil Argentina Mexico Other Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Other Market Analysis for Chronic Lower Back Pain Treatment The global chronic lower-back pain treatment market has grown significantly over the last few years. This growth is attributed to factors such as an aging population, increasing awareness of pain management and the increasing prevalence chronic lower-back pain. The increasing prevalence of chronic back pain is a key driver for growth in the chronic back pain treatment market. North America currently holds a large share of the global chronic lower back pain market. The large market share of the region is due to factors such as a high incidence of chronic lower back problems, a well-established health care infrastructure, and a strong investment in R&D. The market growth in North America is also driven by the increasing adoption of novel therapies, as well as minimally invasive procedures. Europe is a major market for chronic lower-back pain treatment. Countries like the United Kingdom, Germany and France are leading the charge. The growth of the market in this region is attributed to factors such as a large number of people, increased awareness about chronic lower-back pain, and government initiatives addressing chronic lower-back pain. The region also has a well-established health care system that supports the delivery chronic lower back pain treatments. Asia Pacific is also experiencing significant growth on the chronic lower back treatment market. The growth of the market in this region is largely due to factors such as a large and growing population, increased awareness of chronic lower-back pain, and the increasing adoption of novel therapies and minimally-invasive procedures. Government initiatives to address chronic back pain concerns also help to drive the market growth in the region. Key players in the global chronic lower back pain treatment market The report provides an in-depth analysis of the key players operating in the chronic lower back treatment market. This includes their business overview, their product portfolio, and recent developments. It also includes a financial analysis. Some of the key players operating in the chronic lower back pain treatment market include: Johnson & Johnson Pfizer Inc Sanofi S.A Merck & Co., Inc Medtronic plc Endo International plc Boston Scientific Corporation Koninklijke Philips N.V Karl Storz SE & Co. KG Stryker Corporation Key Attributes Report Attribute Details No. No. 147 Forecast Period 2023 – 2031 Estimated Market value (USD) by 2023 $8.29 Billion Forecasted Market Value in USD by 2031 $12.38 Billion Compound Annual Growth Rate 4.9% Areas covered Global Key topics covered: 1 Preface 2 Research Methodology 3 Executive Summary 4 Chronic Lower back Pain Overview 5 Patient Profile 6 Current Scenario Evaluation & Regulatory Framework 6.1 Emerging therapies and clinical trials 6.2 Patent Landscape 6.2.1 Patent Overview Patent Status and Expiration Timelines from Drug Research to Commercial Launch 6.2.1.3 New Drug Applications Documentation and Approval process Cost of Treatment 6.4 Regulatory Framework 6.4.1 Regulatory Overview 6.4.1.1 US FDA 6.4.1.2 EU EMA 6.4.1.3 INDIA CDS JAPAN PMDA Other 7 Challenges & Unmet Needs 7.1 Treatment Pathway Challenges 7.2 Compliance Analysis and Drop-Out Analysis 7.3 Awareness and prevention Gaps 8 Global Chronic Low Back Pain Treatment Market 9 North America Chronic Lower Back Pain Treatment Market 10 Europe Chronic Lower back Pain Treatment Market 11 Asia Pacific Chronic Low Back Pain Treatment Market 12 Latin America Chronic Low Back Pain Treatment Market 13 Middle East & Africa Chronic Lower Back pain Treatment Market 14 Global Chronic Low Back Pain Treatment Market Dynamics 15 Supplier Landscape 16 Global Chronic Low Back Pain Treatment Market – Drug Distribution Model (Additional insights) 17 Payment Options (Additional Insights) For more information about this report visit https://www.researchandmarkets.com/r/wsv29v About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. 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