Neuralgia Treatment Market Overview:
Neuralgia is an abnormal symptom with effects like sharp, burning, and mostly severe pain, due to an irritated or damaged nerve. The causative nerve may be from anywhere in the body, The damage caused by the nerve is associated with several factors like aging, cardiovascular diseases, diabetes, multiple sclerosis, shingles infection, and more. Therefore, Neuralgia Treatment for the pain is directed towards its roots or its site of origin. Potential Neuralgia Treatment may include surgery to relieve the pressure, control of sugar level in the blood of diabetic patients, physical therapy or body massage, epidural injections to ‘turn off’ pain signals and reduce inflammation directed at a particular nerve or nerve group, and medicinal Neuralgia Treatment to reduce the pain.
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Neuralgia Treatment Market: Drivers and Restraints
The global Neuralgia Treatment market is primarily driven by the increase in the geriatric population around the world. The disorder is more common in people aged 50 years or more, which drives the Neuralgia Treatment market. Although, it can occur at any age. Adults suffering from multiple sclerosis and diabetes also have a high risk of developing neuralgias, which also significantly contributes to the Neuralgia Treatment market. According to the National Institute of Neurological Disorders and Strokes (NINDS) 2018 report, the incidences of new cases is approximately 12 per 100,000 people per year. The disorder is more common in women than in men. If pain still persists even after conservative Neuralgia Treatment for several months, it is recommended to undergo spine surgery. Neuralgia Treatment involving spine surgery comes with high medical costs, and is unaffordable for people from low income regions such as Asia and Africa, where most people often remain untreated.
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Overall, drug-based Neuralgia Treatment therapy will remain the first line of treatment for many, and will contribute majorly to the global Neuralgia Treatment market. However, nerve blocks surgery and other procedures may be necessity in a few cases as far as Neuralgia Treatment is concerned.
Neuralgias Market: Segmentation
Tentatively, the global Neuralgia Treatment market can be segmented on the basis of treatment type, distribution channel, and geography.
Based on treatment type, the global Neuralgia Treatment market is segmented as:
- Medications for Neuralgia Treatment
- Anticonvulsant Medicines
- Valproic acid
- Tricyclic Antidepressants
- Anticonvulsant Medicines
- Surgeries for Neuralgia Treatment
- Balloon Compression
- Glycerol Injection
- Radiofrequency Thermal Lesioning
- Stereotactic Radiosurgery
- Microvascular Decompression
- Complementary Approaches for Neuralgia Treatment (in combination with medications)
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Based on distribution channel, the global Neuralgia Treatment market is segmented as:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
Neuralgia Treatment Market: Overview
Overall incidence estimates for various neuralgias conditions are as follows: 4.3/100,000/year for Trigeminal Neuralgia, 3.3/100,000/year for Postherpetic Neuralgia, 0.7/100,000/year for Glossopharyngeal Neuralgia, and 3.2/100,000/year for Occipital Neuralgia. Based on such indices, the Neuralgia Treatment market is poised to grow at a significant rate. In the Neuralgia Treatment market, pharmacologic agents will remain as the primary line of treatment for many. The most common neuralgias that drive the Neuralgia Treatment market include trigeminal, postherpetic, glossopharyngeal, and occipital neuralgia. These neuralgias differ in their pathophysiology, topography, complications, and treatment approach, necessitating awareness amongst individuals.
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Neuralgia Treatment Market: Regional Outlook
Globally, North America, which includes the U.S., is expected to majorly contribute to the Neuralgia Treatment market. Aggressive healthcare investments and increasing awareness among people about Neuralgia Treatments will contribute to the growth of this region’s market. Asia Pacific is anticipated to have the second-largest market share in the Neuralgia Treatment market, primarily due to the largest geriatric population in the world present in China, India, and Japan. In addition, improved living conditions and better health care initiatives by governing bodies will also fuel the growth of the Neuralgia Treatment market. Europe, with its rising prevalence of chronic pain disorders in its developed and developing countries, will be the third-largest contributor to the Neuralgia Treatment market. Latin America and the Middle East & Africa are expected to show considerable growth in the neuralgias market in the near future, thanks to some of the developed and emerging economies such as GCC countries, Brazil, and Mexico, which are evolving with good healthcare governance.
Neuralgia Treatment Market: Key Players
Some of the key players operating in the global neuralgias market are Allergan Plc, Merz Pharma GmbH & Co., Biogen, Inc., Merz Pharma GmbH & Co., Abbott Laboratories, Trigemina Inc., Pfizer Inc., Novartis, GlaxoSmithKline Plc. F, Lupin, and others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Mr. Shambhu Nath Jha is a seasoned consultant and researcher. His research papers have been published in reputed websites and trade journals. His interests include philosophy and history.