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. We provide the latest data on the international and regional markets, key industry sectors, top companies, new product and trend information. Attachment Global Chronic Lower Back pain Treatment Market

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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 size was valued at USD 7.9 billion in 2022 and is projected to grow at a CAGR of 4.90% during the forecast period of 2023-2031, reaching a value of USD 12.38 billion by 2031.

The increasing prevalence of chronic lower back pain, caused by factors such as sedentary lifestyles, obesity, and poor posture, is driving the demand for effective treatment options.

Other factors, such as increasing government initiatives, an aging population, and growing awareness about pain management, are also expected to drive market growth.

Advancements in technology have played a significant role in the growth of the chronic lower back pain treatment market. The development of novel therapies, such as minimally invasive procedures and neuromodulation techniques, has made the treatment of chronic lower back pain more effective and less invasive. This has expanded the reach of chronic lower back pain treatment and helped to meet the growing demand for services.

The chronic lower back pain treatment market is expected to continue to grow in the coming years, as awareness of chronic lower back pain issues increases, and new treatment options and technologies are developed to meet the needs of people with chronic lower back pain. However, there are still significant barriers to accessing chronic lower back pain treatment, particularly in low- and middle-income countries, where access to healthcare services is often limited. Efforts are underway to address these barriers and improve access to chronic lower back pain treatment globally.

Chronic Lower Back Pain Epidemiology

Chronic lower back pain affects a significant portion of the global population, with an estimated prevalence of 20% to 30% among adults. It is one of the leading causes of disability worldwide and can have a significant impact on the quality of life and productivity of affected individuals. The prevalence of chronic lower back pain is expected to rise as the global population ages and lifestyle factors, such as sedentary behaviour and obesity, continue to contribute to the development of chronic lower back pain.

Chronic Lower Back Pain Treatment Market Segmentations

The market can be segmented based on pain type, diagnosis, treatment channel, and major regions:

Market Breakup by Pain Type

  • Discogenic Pain
  • Lumbar Spinal Stenosis
  • Sacroiliac Pain
  • Facet- Joint Pain
  • Radicular Pain
  • Muscular Pain
  • Others

Market Breakup by Diagnosis

  • Clinical History
  • Physical Examination
  • Imaging Guidelines
  • Others

Market Breakup by Treatment Channel

  • Public
  • Private

Market Breakup by Region
North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Chronic Lower Back Pain Treatment Market Analysis

The global chronic lower back pain treatment market has experienced significant growth over the past few years, driven by factors such as the increasing prevalence of chronic lower back pain, rising awareness about pain management, and an aging population. One key driver of growth in the chronic lower back pain treatment market is the increasing prevalence of chronic lower back pain.

North America is currently the largest market for chronic lower back pain treatment, accounting for a significant share of the global market. The region’s large market share is driven by factors such as a high prevalence of chronic lower back pain, a well-established healthcare infrastructure, and strong investment in research and development. In addition, the growing adoption of novel therapies and minimally invasive procedures is further driving the growth of the market in North America.

Europe is also a significant market for chronic lower back pain treatment, with countries such as the United Kingdom, Germany, and France leading the way. The region’s market growth is driven by factors such as a large population base, increasing awareness of chronic lower back pain issues, and government initiatives to address chronic lower back pain concerns.

Additionally, the region has a well-established healthcare system, which supports the delivery of chronic lower back pain treatment. Asia Pacific is another region that is experiencing significant growth in the chronic lower back pain treatment market.

The region’s market growth is driven by factors such as a large population base, increasing awareness of chronic lower back pain concerns, and the growing adoption of novel therapies and minimally invasive procedures. In addition, government initiatives to address chronic lower back pain concerns are helping to drive the growth of the market in the region.

Key Players in the Global Chronic Lower Back Pain Treatment Market

The report provides a detailed analysis of the key players involved in the chronic lower back pain treatment market, including their business overview, product portfolio, recent developments, and financial analysis. Some of the major players operating in the 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. of Pages 147
Forecast Period 2023 – 2031
Estimated Market Value (USD) in 2023 $8.29 Billion
Forecasted Market Value (USD) by 2031 $12.38 Billion
Compound Annual Growth Rate 4.9%
Regions 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 and Regulatory Framework
6.1 Emerging Therapies and Clinical Trials
6.2 Patent Landscape
6.2.1 Patent Overview
6.2.1.1 Patent Status and Expiry
6.2.1.2 Timelines from Drug Development to Commercial Launch
6.2.1.3 New Drug Application
6.2.1.3.1 Documentation and Approval Process
6.3 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 CDSCO
6.4.1.4 JAPAN PMDA
6.4.1.5 Others

7 Challenges and Unmet Needs
7.1 Treatment Pathway Challenges
7.2 Compliance and Drop-Out Analysis
7.3 Awareness and Prevention Gaps

8 Global Chronic Lower 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 Lower Back Pain Treatment Market

12 Latin America Chronic Lower Back Pain Treatment Market

13 Middle East and Africa Chronic Lower Back Pain Treatment Market

14 Global Chronic Lower Back Pain Treatment Market Dynamics

15 Supplier Landscape

16 Global Chronic Lower Back Pain Treatment Market- Drug Distribution Model (Additional Insight)

17 Payment Methods (Additional Insight)

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. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

  • Global Chronic Lower Back Pain Treatment Market