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Neuralgia Treatment Market Trends

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

Neuralgia Treatment Market Trends

Pain management technologies have undergone significant advancements in recent years, offering new hope for individuals suffering from neuralgia, a condition characterized by severe, shooting pain along damaged nerves.
 

  • Neuromodulation devices, such as spinal cord stimulators and peripheral nerve stimulators, have revolutionized the treatment landscape for neuralgia. These devices work by delivering electrical impulses to targeted nerves by disrupting pain signals to the brain. The introduction of high-frequency and burst stimulation technologies has enhanced treatment efficacy, reducing side effects like paresthesia.
     
  • Additionally, the integration of wireless control and AI-driven programming allows for personalized pain management. As these devices become minimally invasive, patient compliance and satisfaction are increasing, driving market growth.
     
  • Furthermore, the pharmaceutical sector has seen the development of novel drugs targeting specific pathways involved in neuralgia. Recent approvals of sodium channel blockers and extended-release formulations of existing drugs have significantly improved pain relief and reduced dosing frequency.
     
  • Moreover, biologics such as monoclonal antibodies targeting nerve growth factors (NGF) offer a promising alternative for chronic neuralgia. Enhanced drug delivery systems, like liposomal carriers and transdermal patches, ensure sustained release and higher bioavailability, minimizing side effects and boosting patient outcomes.
     
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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