Market Forecast
Peripheral Neuropathy Market is expected to hold a value of USD 292.40 Million by 2025 at a CAGR of 3.9%.
Market Synopsis
Peripheral neuropathy is a result of damage to the nerves outside of the brain, and spinal cord (peripheral nerves) causes numbness and pain, also weakness in your hands and feet. It can also affect other areas of your body. As peripheral neuropathy If left untreated, leads to serious effects, such as burning pain or paralysis; hence, companies are investing in this market to find the new drugs and treatment methods.
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Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas are expected to be the largest market owing to the rising per capita healthcare expenditure. The peripheral neuropathy market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European peripheral neuropathy market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The peripheral neuropathy market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population and the growing prevalence of diabetes, Asia-Pacific is expected to be the fastest-growing. The peripheral neuropathy market in the Middle East & Africa has been divided into the Middle East and Africa.
Segmentation
The Global Peripheral Neuropathy Market has been segmented based on type, treatment, and end user.
The market, based on type, has been divided into diabetic peripheral neuropathy (DPN), chemotherapy-induced peripheral neuropathy (CIPN), idiopathic peripheral neuropathy, and HIV/AIDS-associated peripheral neuropathy.
The diabetic peripheral neuropathy (DPN)segment is likely to be the largest during the review period due to their increasing prevalence of diabetic peripheral neuropathy in youth with diabetes.
The chemotherapy-induced peripheral neuropathy (CIPN) segment is predicted to be the fastest-growing due to increasing chemotherapy for the treatments of cancer patients. Many market players come up with different treatment methods and devices with advanced technologies. For instance, in June 2019, RxFunction launched sensory prosthesis for people with peripheral neuropathy.
The global peripheral neuropathy market has been segregated, on the basis of treatment, into pharmacological therapies, non-pharmacological therapies, and others.
The pharmacological therapies segment is expected to hold the majority share of the market owing to the pharmacological therapies are primary in the treatment of peripheral neuropathy. The non-pharmacological therapies segment is expected to be the fastest-growing due to the as non-pharmacological therapies are used along with other treatment options for neurotherapy.
The end users of the market are hospitals and clinics, ambulatory centers, and others. The hospitals and clinics segment is expected to hold the largest share of the market due to the rising awareness about advanced treatments available in the hospitals and expertise. The ambulatory centers segment is expected to be the fastest growing owing to the availability of specialized medical services and advanced medical technology
Key Players
Some of the key players in the Global Peripheral Neuropathy Market are Abbott Laboratories (US), Bristol Myers Squibb (US), Novartis AG (UK), Eli Lilly and Company (US), Pfizer Inc (US), GlaxoSmithKline plc (UK), Merck and Co. Inc. (US), Cipla Limited (India), Lupin Limited (India), Dr. Reddy's Laboratories (India), F. Hoffmann-La Roche Ltd. (UK), RxFunction, Inc. (US) among others
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Peripheral Neuropathy Treatment Analysis is expected to hold a value of USD 292.40 Million by 2025 at a CAGR of 3.9%.The Peripheral Neuropathy Treatment Analysis In-Depth competition analysis of the major companies in the report, sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue.Major Key PlayersThe key strategies followed by the players operating in the global Peripheral Neuropathy Treatment Analysis were innovation, product development, acquisition, and expansion.Abbott Laboratories (US)Bristol Myers Squibb (US)Novartis AG (UK)Eli Lilly and Company (US)Pfizer Inc (US)GlaxoSmithKline plc (UK)Merck and Co. Inc. (US)Cipla Limited (India)Lupin Limited (India)Reddy's Laboratories (India)Hoffmann-La Roche Ltd. (UK)RxFunction, Inc. (US)Market Segment AnalysisThe Global Peripheral Neuropathy Treatment Analysis has been segmented based on type, treatment, and end user.The market, based on type, has been divided into diabetic peripheral neuropathy (DPN), chemotherapy-induced peripheral neuropathy (CIPN), idiopathic peripheral neuropathy, and HIV/AIDS-associated peripheral neuropathy.The diabetic peripheral neuropathy (DPN)segment is likely to be the largest during the review period due to their increasing prevalence of diabetic peripheral neuropathy in youth with diabetes.The chemotherapy-induced peripheral neuropathy (CIPN) segment is predicted to be the fastest-growing due to increasing chemotherapy for the treatments of cancer patients.
Many market players come up with different treatment methods and devices with advanced technologies.
For instance, in June 2019, RxFunction launched sensory prosthesis for people with peripheral neuropathy.The global Peripheral Neuropathy Treatment Analysis has been segregated, on the basis of treatment, into pharmacological therapies, non-pharmacological therapies, and others.Regional AnalysisGeographically, the global Peripheral Neuropathy Treatment Analysis has been divided into the Americas, Europe, Asia-Pacific, and the Middle East and AfricaBrowse Full Report Page Enabled with complete Table of Content at https://www.marketresearchfuture.com/reports/peripheral-neuropathy-market-8485 About Market Research Future: MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.Contact:+1 646 845 9312 | Email: [email protected]
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