Market Synopsis
Competitive Market Growth, Size, Share and Forecast to 2027 for Chronic Low Back Pain Market, By Diagnosis (X-Ray, Computerized Tomography (CT), Myelograms, Discography, MRI, Electrodiagnostics, Bone Scans, Ultrasound Imaging And Others); By End Users (Hospitals, Clinics, Ambulatory Surgical Centers, And Others); By Treatment (Analgesic Medications, Non-Steroidal Anti-Inflammatory Drugs (NSAIDS), Anticonvulsants, Antidepressants, Counter-Irritants); By Surgery (Vertebroplasty And Kyphoplasty, Spinal Laminectomy, Discectomy Or Microdisectomy, Foraminotomy, Intradiscal Electrothermal Theraphy (IDET), Spinal Fusion, Artificial Disc Replacement And Others)
Market Snapshot
The Chronic Low Back Pain Market was valued US$ 6429.30 Mn in 2021 and will grow at a CAGR of 4.80% for the forecast period of 2018-2027, as per the market research report by Absolute Markets Insights titled ” Chronic Low Back Pain Market
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Report Description Chronic Low Back Pain Market.
Market Overview
In terms of revenue, the global chronic low back pain market stood at US$ 6429.30 Mn in 2018 and is anticipated to reach US$ 10012.52 Mn by 2027, expanding at a CAGR of 4.8% over the next eight years. Growing share of ageing population across several regions combined with sedentary lifestyle and obesity are the primary causative factors modifying the overall chronic low back pain market. Amongst these, it has been reported that sedentary lifestyle is the primary reason for the global industry growth. Sometimes, when a weekday routine of getting too little exercise is compensated by a strenuous weekend workout, it can develop chronic pain on the lower back.
A recent study highlights that the high cost of diagnosis and treatment of chronic lower back pain is leading to burn in the pockets of patients which is leading to Chronic Low Back Pain Market. According to the American Chiropractic Association report, America spends approximately USD 50,000 million in health care for the low-back pain each year .These findings are alarming, considering the socio-economic impact of chronic low back pain. Health care stakeholders are aiming to solve the current challenges and to build a sustainable foundation for affordable, accessible, high-quality chronic low back pain treatment.
Procedures such as minimally invasive injections is used for managing chronic low back pain conditions. The epidural steroid injections during minimally invasive pain treatment helps in reducing inflammation and pain that is usually accompanied with it. The steroid injected is a good option for patients suffering from degenerative disc disease, spinal stenosis and herniated discs. The minimal-invasive pain treatments also includes facet joint injections, medial branch blocks, trigger point injections , viscoelastic hyaluronate injections, stem cell concentrate (PRP and/or BMAC) injections and radiofrequency ablation of nerves. Other treatment methods duly includes acupuncture, nutritional therapy, dry needling, and magnets usage amongst others. Such factors are expected to propel the global Chronic Low Back Pain Market growth in the future years.
The term Chronic Low Back Pain Market is determined by a number of variables, including forward/backward integration, economies of scale, the proportion of different distribution channels, variables influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other client preferences. The stakeholders in the industry will most likely find this knowledge useful, and it might even motivate them to act.
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Chronic Low Back Pain Market Competitive Landscape:
The prominent companies in the Chronic Low Back Pain Market are:
Astellas Pharma Inc., Grunenthal GmbH, Orion Oyj, Pfizer Inc., Regeneron Pharmaceuticals, Inc, Array BioPharma Inc., Egale Corporation, Gador S.A. Kineta., Inc, MEDRx Co., Ltd amongst others.
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Key Benefits of Global Chronic Low Back Pain Market Report:
- The research on global Chronic Low Back Pain Market trends include extensive investigations of the past and future.
- The Global Chronic Low Back Pain Market Growth Research Report offers comprehensive data on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels.
- Research on global Chronic Low Back Pain Market trends helps with identifying business prospects.
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Chronic Low Back Pain Market Regional Insights
The report provides both, qualitative and quantitative research of chronic low back pain market, as well as provides comprehensive insights and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings, specification, pricing, and gross margin.
The study provides a thorough investigation of numerous factors, such as the expansion of the Chronic Low Back Pain Market in significant geographic areas. North America, Europe, Asia-Pacific, and Latin America are the principal geographical areas that the study addresses.
Why the Chronic Low Back Pain Market Report is Beneficial?
- The Chronic Low Back Pain Market study was put together using a thorough and modern research approach.
- The research contains a considerable amount of data on the most current product and technology advancements in the Chronic Low Back Pain Market and offers a comprehensive assessment of the market competition for the Chronic Low Back Pain Market
- The wide range of evaluations on how these upgrades may affect the further growth of Chronic Low Back Pain Market
- The research report for the Chronic Low Back Pain Market study contains in-depth historical information and analysis.
- The Chronic Low Back Pain Market report’s insights are easily understood and include graphical representations of the data in the form of bar graphs, statistics, pie charts, etc.
Chronic Low Back Pain Market Segmentation:
Within the Chronic Low Back Pain Market market, various groupings have been formed depending on the product kind and usage. The share and growth rate of each market segment are assessed. The experts have also investigated possible areas that can profit the producers in the upcoming years. The geography analysis provides accurate volume and value forecasts, assisting market participants in fully understanding the overall industry.
Chronic Low Back Pain Market:
- By Diagnosis
-
- X-Ray
- Computerized Tomography (CT)
- Myelograms
- Discography
- MRI
- Electrodiagnostics
- Bone Scans
- Ultrasound Imaging
- Others
- By End User
-
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
- By Treatment
-
- Analgesic Medications
- Non-Steroidal Anti-Inflammatory Drugs
- Anticonvulsants
- Antidepressants
- Counter Irritants
- By Surgery
-
- Vertebroplasty and Kyphoplasty
- Spinal Laminectomy
- Disectomy or Microdiscectomy
- Foraminotomy
- Intradiscal Electrothermal Theraphy (IDET)
- Spinal Fusion
- Artificial Disc Replacement
- Others
Global Chronic Low Back Pain Market by Region Chronic Low Back Pain Market
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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