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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 140
Countries covered: 19
Pages: 130
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Neuropathic Pain Treatment Market
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Neuropathic Pain Treatment Market Size
The global neuropathic pain treatment market was valued at USD 8.2 billion in 2024. The market is expected to grow from USD 8.8 billion in 2025 to USD 18.1 billion in 2034, at a CAGR of 8.3%. The market is growing due to the rising prevalence of neuropathic pain disorders, advancements in drug development and novel therapies, increasing chronic diseases, an aging population, stricter opioid regulations driving non-opioid alternatives, rising awareness towards timely treatments, advancements in targeted therapies, improved diagnosis, and expanded telemedicine and e-pharmacy access.
Additionally, the demand for neuropathic pain medications is on the rise as a result of the growing cases of diabetic neuropathy, postherpetic neuralgia, chemotherapy-induced peripheral neuropathy, and spinal cord injury. For instance, according to the World Health Organization (WHO), the prevalence of diabetes in adults worldwide increased from 7% to 14% between 1990 and 2022. This growing patient population has necessitated a greater need for effective, long-term treatments for multimodal neuropathic pain management approaches.
In addition, the innovation of next-generation neuropathic pain drugs has been expedited through advances in biotechnology, research and development in pain treatment research, and the formulations of drugs. The manufacturers are producing non-opioid medications, biosimilars, gene therapies, and monoclonal antibodies to effectively treat chronic neuropathic pain patients.
In the past few years, the FDA has approved numerous new therapies for neuropathic pain, including high-dose capsaicin patches, sodium channel antagonists, and NMDA receptor blockers, providing enhanced management of pain with fewer side effects and addiction hazards than with traditional opioids. For instance, in August 2020, Grünenthal announced the U.S. Food and Drug Administration (FDA) approval of its Qutenza (capsaicin 8% patch) to treat diabetic peripheral neuropathy. These developments constitute significant progress toward overcoming the complex issues involved in managing neuropathic pain.
Neuropathic Pain Treatment Market Trends
Neuropathic Pain Treatment Market Analysis
Based on drug class, the market is segmented into anticonvulsants, antidepressants, opioids, capsaicinoids, and other drug classes. The anticonvulsants segment is expected to drive market growth and expand at a CAGR of 8.5%, reaching over USD 7.8 billion by 2034.
Based on indication, the neuropathic pain treatment market is segmented into diabetic neuropathy, postherpetic neuralgia, trigeminal neuralgia, chemotherapy-induced peripheral neuropathy, HIV-associated neuropathy, and other indications. The diabetic neuropathy segment generated revenue of USD 3 billion in 2024.
Based on route of administration, the neuropathic pain treatment market is segmented into oral, tropical, and injectable. The oral segment generated a revenue of USD 5.9 billion in 2024.
Based on distribution channel, the neuropathic pain treatment market is segmented into hospital pharmacy, retail pharmacy, and e-commerce. The retail pharmacy segment generated a revenue of USD 4.6 billion in 2024.
North America: The U.S. neuropathic pain treatment market was valued at USD 3.3 billion in 2024 and is projected to grow substantially in the coming years.
Europe: UK neuropathic pain treatment market is projected to grow remarkably in the coming years.
Japan holds a commendable position in the Asia Pacific neuropathic pain treatment market.
Saudi Arabia in the Middle East and Africa is expected to witness lucrative growth in the neuropathic pain treatment market.
Neuropathic Pain Treatment Market Share
The market is fragmented, featuring multiple pharmaceutical firms having approved products. The top players in this market include Pfizer, Eli Lilly and Company, Grünenthal, and Johnson & Johnson, which account for approximately 40% of the market share. These players are constantly investing in the development of advanced treatments to enhance neuropathic pain prevention.
Moreover, strategic partnerships with research institutions and healthcare providers have become critical for integrating modern technologies and expanding distribution, which has enabled the companies to address the surge in demand for treatment options. Owing to regulatory support and streamlined approval processes, which further motivate innovation and facilitate market entry, contribute to increased competition in the market. Emerging players are focusing on the development of new treatments that aim to improve pain management. These innovations continue to promote market progression.
Neuropathic Pain Treatment Market Companies
Prominent players operating in the neuropathic pain treatment industry include:
Neuropathic Pain Treatment Industry News:
The neuropathic pain treatment market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Drug Class
Market, By Indication
Market, By Route of Administration
Market, By Distribution Channel
The above information is provided for the following regions and countries: