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Neuralgia Treatment Market Size

  • Report ID: GMI12778
  • Published Date: Dec 2024
  • Report Format: PDF

Neuralgia TreatmentMarket Size

The global neuralgia treatment market size was valued at USD 2.4 billion in 2024 and is expected to exhibit growth at a CAGR of 7.7% from 2025 to 2034 period. The market growth is attributed to the rising prevalence of neurological disorders and increase in awareness and diagnosis rates, contributing to their growing adoption.

 

Neurological disorders, including trigeminal neuralgia, postherpetic neuralgia, and diabetic neuropathy, are on the rise, driving growth in the market. A key contributor is the aging global population, with older adults being more vulnerable to neuropathic pain and its complications. According to the National Institute of Neurological Disorders and Stroke (NINDS), approximately 20 million people in the U.S. alone suffer from some form of peripheral neuropathy, highlighting the growing burden of neurological disorders. Moreover, shifts in lifestyle and an increasing prevalence of chronic diseases, notably diabetes, are amplifying the incidence of neuralgia.
 

Neuralgia treatment involves medical interventions aimed at alleviating pain caused by nerve damage or irritation, typically associated with conditions like trigeminal neuralgia, postherpetic neuralgia, and occipital neuralgia. Treatment options include medications, minimally invasive surgical procedures, and lifestyle modifications to manage symptoms effectively.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global neuralgia treatment industry was valued at USD 2.4 billion in 2024 and is projected to grow at a CAGR of 7.7% from 2025 to 2034, driven by the rising prevalence of neurological disorders and improved diagnosis rates.

The surgical procedures segment is expected to grow at a CAGR of 7.5%, reaching over USD 3.3 billion by 2034, as these procedures address the root causes of pain, such as nerve compression or damage.

The U.S. neuralgia treatment market was valued at USD 1 billion in 2024 and is anticipated to grow at a CAGR of 7.1% from 2025 to 2034, supported by advanced medical technologies and innovative treatment options.

Surgical procedures, such as microvascular decompression (MVD) and nerve grafting, are preferred for severe or treatment-resistant neuralgia as they target the underlying causes of pain effectively.

Key players in the market include AA Pharma, Astellas, Biogen, Eli Lilly, Johnson & Johnson, Medtronic, Novartis, Pacira Biosciences, and Pfizer.

Neuralgia Treatment Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 177
  • Countries covered: 19
  • Pages: 135
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