VANCOUVER, BC, Oct. 13, 2022 /PRNewswire/ -- Recent study report released by Data Bridge Market research titled "Lower Back Pain Market" guarantees one will remain better informed than the competition. This Lower Back Pain market research report assists business in every sphere of trade to take superior decisions, to tackle the toughest business questions and diminish the risk of failure. The market data provided in the Lower Back Pain report helps to discover diverse market opportunities present worldwide for Lower Back Pain industry. A proficient team works meticulously with their potential capabilities to generate this finest Lower Back Pain market research report. By applying best-practice models and research methodologies, complete market analysis is performed in this report to make sure that the report provides accurate market segmentation and insights for the success of client's business.
Data Bridge Market Research analyses that the lower back pain market which was USD 8,812.01 million in 2021, would rocket up to USD 13421.46 million by 2029, and is expected to undergo a CAGR of 5.40% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Nearly everyone has experienced lower back discomfort at some point. Basically, it is a sort of muscle tension, pain, or rigidity that is present above the gluteal sulcus and below the bottom margin of the rib cage. It may be brought on by a strain (injury) to the back's muscles or tendons, arthritis, structural issues, or disc injuries. There are three different types of low back pain: acute, subacute, and chronic.
Acute low back pain can be treated for the underlying reason or the initial damage, but chronic low back pain must last for 12 weeks or more. Chronic low back pain is lower back discomfort that lasts longer than three months. This condition can be caused by an injury, illness, or stress on various body parts. The pain can vary greatly and manifest as bone pain, muscle pain, or nerve pain.
The primary growth drivers for the chronic lower back pain market are an increase in the frequency of nerve instances and an increase in the senior population. For instance, the National Institute of Neurological disorders and stroke reports that roughly 80% of adults have this type of low back discomfort at some point in their lives. Inactivity, expanding healthcare awareness in developed and developing nations, and rising consumer disposable income are further factors anticipated to promote market expansion
Some of the major players operating in the Lower Back Pain market are:
- Pfizer Inc (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Sanofi (France)
- Endo Pharmaceuticals Inc. (Ireland)
- Merck & Co Inc. (U.S.)
- Dr. Reddy's Laboratories Ltd. (India)
- Vertebral Technologies, Inc. (U.S.)
- Medtronic (Ireland)
- Boston Scientific Corporation (U.S.)
- BioWave Corporation
- Koninklijke Philips N.V. (Netherlands)
- Astellas Pharma Inc. (Japan)
- SpineThera Inc. (U.S.)
- CELGENE CORPORATION (U.S.)
- Teva Pharmaceutical Industries Ltd. (Israel)
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The Analysis Objectives Of The Report Are:
- To know this Lower Back Pain Market size by pinpointing its sub-sections
- To investigate the sum and estimation of this Market, contingent upon key areas
- To consider the significant players and investigate their development plans
- To investigate this Market concerning development patterns, possibilities, and furthermore their interest in the whole area
- To analyze this market size (volume and worth) from the organization, basic locales/nations, items and application, foundation data
- Essential overall this Market fabricating organizations, to indicate, explain, and examine the item deals sum, worth and piece of the pie, market contention scene, SWOT investigation, and improvement plans for future.
- To analyze serious advancements, for example, extensions, courses of action, new item dispatches, and acquisitions available.
Market Dynamics: Lower Back Pain Market
- Increase in nerve cases
Demand for the lower back pain market is anticipated to be driven by an inactive lifestyle and an increase in nerve cases. The increased use of novel antidepressants and the rising elderly population are additional significant factors driving the market's expansion. Within the forecast period, the market is expected to experience new, attractive growth prospects due to rising research and development, particularly in the area of lower back pain.
- Rise in anti-inflammatory medications
Anti-inflammatory medications' negligible adverse effects are encouraging a rise in their use as painkillers. The effectiveness of pharmaceuticals like diclofenac, ibuprofen, and naproxen as non-steroidal anti-inflammatory treatments is aiding the industry's growth. Additionally, the lower doses of these medications are commonly accessible without a doctor's prescription. The market for lower back pain is anticipated to rise as a result of market participants' efforts to create novel NSAIDs that would lessen patients' pain.
- Rising number of individuals
The expansion of the market is being aided by the rising number of individuals in the area who suffer from persistent lower back pain. The market growth for chronic lower back pain treatment in North America is quickening due to rising healthcare spending by the populace and the presence of cutting-edge healthcare infrastructure. In the upcoming years, it is projected that growing research efforts to identify the root causes of chronic lower back pain and create better treatment alternatives will spur market expansion.
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behaviour that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Key Industry Segmentation: Lower Back Pain Market
By Disease Type
- Acute
- Sub-Acute
- Chronic
By Type
- Diagnosis
- Treatment
By End User
- Hospitals
- Orthopaedic Clinics
- Ambulatory Surgery Centres
- Others
By Distribution Channel
- Direct
- Retail
Regional Analysis/Insights: Lower Back Pain Market
The countries covered in the lower back pain market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the lower back pain market due to increased awareness over the availability of different treatment procedures.
Asia-Pacific is anticipated to have a fastest growth rate in the forecast period of 2022 to 2029 due to the rapidly growing expenditure on healthcare facilities by government and increasing geriatric population.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Lower Back Pain Market: Regulations
6. Market Overview
7. Global Lower Back Pain Market, By Component
8. Global Lower Back Pain Market, By Gene Type
9. Global Lower Back Pain Market, By Gene Synthesis Type
10. Global Lower Back Pain Market, By Application
11. Global Lower Back Pain Market, By Method
12. Global Lower Back Pain Market, By End User
13. Global Lower Back Pain Market, By Distribution Channel
14. Global Lower Back Pain Market, By Region
15. Global Lower Back Pain Market: Company Landscape
16. SWOT Analyses
17. Company Profile
18. Questionnaires
19. Related Reports
To Check the Complete Table Of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-lower-back-pain-market
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