Global Chronic Lower Back Pain (CLBP) Market Size by Disease Type (Acute, Sub-Acute, Chronic), By Type (Diagnosis, Treatment), By End-User (Hospitals, OrthopaedicOrthopedic Clinics, Ambulatory Surgery CentresCenters), By Distribution Channel (Direct, Retail), By Geographic Scope and Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Chronic Lower Back Pain (CLBP) Market Size by Disease Type (Acute, Sub-Acute, Chronic), By Type (Diagnosis, Treatment), By End-User (Hospitals, OrthopaedicOrthopedic Clinics, Ambulatory Surgery CentresCenters), By Distribution Channel (Direct, Retail), By Geographic Scope and Forecast
Chronic Lower Back Pain (CLBP) Market Size And Forecast
Global Chronic Lower Back Pain (CLBP) Market size was valued at USD 7.24 Billion in 2023 and is projected to reach 10.3 USD Billion by 2031 growing at a CAGR of 4.97% from 2024 to 2031.
- Chronic lower back pain is defined as persistent discomfort or ache in the lumbar area that lasts longer than three months and is generally caused by structural difficulties, nerve damage or degenerative disorders, interfering with everyday life and necessitating long-term care measures.
- Millions of people throughout the world suffer from chronic lower back pain, which interferes with their everyday lives and productivity. Treatments range from physical therapy and pharmaceuticals to surgical procedures, with the goal of relieving symptoms and improving patients’ quality of life.
- Future treatments for chronic lower back pain could include sophisticated minimally invasive procedures, individualized pain management tactics and novel biotechnologies that improve long-term alleviation and functional rehabilitation.
Global Chronic Lower Back Pain (CLBP) Market Dynamics
The key market dynamics that are shaping the global chronic lower back pain (CLBP) market include
Key Market Drivers
- Increasing Prevalence of Chronic Lower Back Pain Chronic lower back pain is common among adults in the United States, with approximately 25% reporting recent bouts. The prevalence of chronic cases has climbed over time, from 3.9% in 1992 to 10.2% in 2022, indicating a significant public health risk that requires effective management and treatment measures.
- Rising Healthcare Costs Lower back pain treatment costs approximately $50 billion each year in America, contributing to rising healthcare costs. It is a leading source of job-related impairment and absence. These expenditures highlight the economic impact of persistent lower back pain on healthcare systems, businesses and individuals, calling for cost-effective interventions and prevention measures.
Aging Population The U.S. Census Bureau predicts a considerable increase in the older adult population by 2030, driven by the aging baby boomer generation. This demographic transition is associated with increasing rates of persistent lower back pain, which affects up to 40% of those aged 65 and over. To effectively manage and reduce pain in elderly people, it is necessary to address this demographic trend through personalized healthcare interventions.
Key Challenge
- High Treatment Costs Chronic lower back pain treatments sometimes include costly therapies, surgeries, and continued medication, putting a burden on healthcare budgets and insurance coverage.
- Limited Effective medications Despite breakthroughs, many patients struggle to find relief due to the complexities of pain management and individual differences in responsiveness to medications.
- Impact on Quality of Life Persistent pain having a substantial impact on patients and caregivers’ quality of life by interfering with everyday activities, work productivity, and mental health.
- Need for Multidisciplinary Care Effective management frequently necessitates collaboration between experts such as orthopedists, pain management physicians, physiotherapists and psychologists, demanding coordinated care techniques.
Key Trends
- Growing Aging Population The global old population is driving demand for chronic pain management options, including specialist therapies for lower back pain.
- Rising Awareness and Diagnosis Increasing awareness and early detection initiatives are encouraging early intervention and management of chronic lower back pain.
- Shift Towards Non-Opioid Treatments With growing concerns about opioid addiction, there is a clear shift toward non-opioid therapies such as physical therapy, acupuncture and cognitive behavioral therapy for treating chronic lower back pain.
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Global Chronic Lower Back Pain (CLBP) Market Regional Analysis
Here is a more detailed regional analysis of the global chronic lower back pain (CLBP) market
North America
- According to Market Research, North America is expected to dominate the global chronic lower back pain (CLBP) market.
- North America dominates the chronic lower back pain market. This dominance is supported by various causes. The region offers modern healthcare infrastructure and technologies, which allow for mass access to specialist treatments and interventions for chronic illnesses.
- Furthermore, North America leads in healthcare spending, which allows for substantial research and development of pain management options.
- The region offers a robust network of healthcare providers and institutions, which ensures comprehensive care and management techniques adapted to each patient’s needs. Collectively, these factors position North America, particularly the United States, in the forefront of the global chronic lower back pain market.
Asia Pacific
- According to Market Research, Asia Pacific is fastest growing region in global chronic lower back pain (CLBP) market.
- Asia-Pacific is emerging as the fastest-growing region in the chronic lower back pain market. Rapid urbanization and the widespread adoption of sedentary lifestyles are contributing to an increase in the prevalence of chronic back pain in nations such as China, India and Japan.
- Furthermore, improving healthcare infrastructure and increased disposable incomes provide access to modern pain management techniques and treatments.
- Government actions aimed at healthcare reform and boosting insurance coverage bolster industry growth.
- Furthermore, the region’s expanding older population emphasizes the need for specialized care and new solutions, establishing Asia-Pacific as a dynamic and fast evolving market segment in chronic lower back pain management.
Global Chronic Lower Back Pain (CLBP) MarketSegmentation Analysis
The Global Chronic Lower Back Pain (CLBP) Market is segmented based on Disease Type, Type, End-User, Distribution Channel and Geography.
Global Chronic Lower Back Pain (CLBP) Market, By Disease Type
- Acute
- Sub-Acute
- Chronic
Based on Disease Type, the Global Chronic Lower Back Pain (CLBP) Market is separated into Acute, Sub-Acute and Chronic. The chronic segment dominates the global chronic lower back pain (CLBP) market owing to the ailment is persistent and long-lasting, necessitating continuing care and treatment. This area generates a high demand for sophisticated pain management products, therapies and interventions.
Global Chronic Lower Back Pain (CLBP) Market, By Type
- Diagnosis
- Treatment
Based on Type, Global Chronic Lower Back Pain (CLBP) Market is divided into Diagnosis and Treatment. In the global chronic lower back pain (CLBP) market, the treatment segment is expected to dominate over the forecast period. This dominance is driven by a strong demand for a variety of therapeutic choices, including as medicines, physical therapy and surgical therapies, all of which try to successfully manage and alleviate chronic pain symptoms.
Global Chronic Lower Back Pain (CLBP) Market, By End-User
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgery Centers
Based on End-User, Global Chronic Lower Back Pain (CLBP) Market is divided into Hospitals, Orthopedic Clinics, and Ambulatory Surgery Centers. Hospitals lead the global chronic lower back pain (CLBP) market by end-user owing to their extensive range of diagnostic and treatment services, advanced medical technologies and the presence of specialist healthcare experts. They provide extensive inpatient and outpatient care, making them the top choice for CLBP management.
Global Chronic Lower Back Pain (CLBP) Market, By Distribution Channel
- Direct
- Retail
Based on Distribution Channel, Global Chronic Lower Back Pain (CLBP) Market is divided into Direct and Retail. In the global chronic lower back pain (CLBP) market, the retail distribution channel is anticipated to dominate over the forecast period. because the lead is primarily due to the easy availability of over-the-counter pain relief medications, pharmacies are easily accessible, and consumers are increasingly preferring to buy pain management products straight from retail shops for convenience.
Global Chronic Lower Back Pain (CLBP) Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Chronic Lower Back Pain (CLBP) Market is divided into North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific is emerging as the fastest-growing region in the chronic lower back pain market. Rapid urbanization and broad adoption of sedentary lifestyles are increasing the prevalence of chronic back pain in countries such as China, India and Japan. Furthermore, improved healthcare infrastructure and higher disposable incomes provide access to current pain management techniques and therapies. Government measures targeted at healthcare reform and increasing insurance coverage help the industry expand. Furthermore, the region’s growing older population underlines the need for specialized treatment and novel solutions, creating Asia-Pacific as a dynamic and rapidly changing market segment in chronic lower back pain management.
Key Players
The Global Chronic Lower Back Pain (CLBP) Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are Pfizer, Inc., Lilly, GSK plc, Johnson & Johnson Services, Inc., Merck & Co, Inc., Sanofi, Novartis AG, Dr. Reddy’s Laboratories Ltd., Bayer AG, Endo International plc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Chronic Lower Back Pain (CLBP) Market Recent Developments
- In July 2022, Lilly and Confo Therapeutics announced a clinical development agreement in March 2023 for CFTX-1554, a new angiotensin Il type 2 receptor inhibitor for treating neuropathic pain and other peripheral pain conditions. Sanofi sold 17 pharmaceuticals to Neuraxpharm, including Tramadol, which is used for pain management.
- In June 2021, Bayer AG relaunched its core product Saridon with new packaging to target the increasing OTC medicine market in India for pain management in the elderly.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2020-2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Period | 2020-2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | Pfizer, Inc., Lilly, GSK plc, Johnson & Johnson Services, Inc., Merck & Co, Inc., Sanofi, Novartis AG, Dr. Reddy’s Laboratories Ltd., Bayer AG, Endo International plc. |
Segments Covered | By Disease Type, By Type, By End-User, By Distribution Channel and By Geography |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Million ) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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