Visceral Pain Market Size to Reach USD 14.22 Billion by 2024: Hexa Research

Tuesday, June 27, 2017 Research News
Email Print This Page Comment
Font : A-A+

FELTON, California, June 27, 2017 /PRNewswire/ --

The global visceral pain market is expected to reach

USD 14.22 billion by 2024, driven by the increasing geriatric population globally. Increasing prevalence of visceral pain and rising awareness regarding the same is projected to drive market growth over the forecast period.

In

2016, North America held the majority of share in global visceral pain market owing to the increasing healthcare expenditure. Additionally, the high prevalence of Crohn's and irritable bowel is expected to propel the growth of the market over the projected period.

Asia Pacific is expected to be the fastest growing region with the CAGR of 6.2%. The increase in the healthcare infrastructure and presence of a large pool of patients is projected to drive the demand for the visceral pain industry during the forecast period.

Analgesic segment dominated the market for the visceral pain with the market share of 60.4%. The major share of the analgesic segment is attributed to the increasing penetration of generic drug. Furthermore, rising healthcare expenditure and an increasing use of opioids for the chronic pain are the key factors attributing to its share.

In 2016, Crohn's disease was the largest indication segment for the visceral pain market contributing to 41.4% of the market share. Increasing occurrences of Crohn's disease across the globe coupled with the growing drug therapies for the treatment of the disease are the key factors attributing to the major share. Furthermore, increasing awareness about Crohn's disease is fueling the demand for treatment therapies.

Browse full research report with TOC on "Visceral Pain Market Size and Forecast, By Therapeutics (Analgesics, Pain Modifiers), By Indications (Interstitial Cystitis, Crohn's, Irritable Bowel, Chronic Prostatitis) And Trend Analysis, 2014 - 2024" at: https://www.hexaresearch.com/research-report/visceral-pain-market

Key market players include Pfizer, Johnson & Johnson, Abbvie, Takeda, Allergan, and AstraZeneca. These companies are focusing on R&D for visceral pain therapeutics. These companies are likely to cater their products to patients affected by visceral pain. The growth of the geriatric population is expected to help in augmenting the profits of these companies over the next few years.

Growing focus on research and development by pharmaceutical companies and government initiatives are expected to boost the visceral pain industry during the forecast period. The market is projected to witness significant gain during the forecast period owing to increasing collaboration within pharmaceutical companies. Also, factors such as increasing awareness among people regarding visceral pain are further anticipated to propel the market growth.

Browse related reports by Hexa Research: 

  • Allergy Diagnostics And Therapeutics Market - https://www.hexaresearch.com/research-report/allergy-diagnostic-market
  • Glucose Biosensors Market - https://www.hexaresearch.com/research-report/glucose-biosensors-market
  • Respiratory Syncytial Virus (RSV) Diagnostics Market - https://www.hexaresearch.com/research-report/respiratory-syncytial-virus-diagnostics-market
  • STD Diagnostics Market - https://www.hexaresearch.com/research-report/std-diagnostics-market

Hexa Research has segmented the global visceral pain market on the basis of therapeutics, indications and region: 

Segmentation by therapeutics, 2014 - 2024 (USD Million) 

  • Analgesics
    • Narcotics
    • NSAID
  • Pain modifiers
    • Tricyclic Antidepressants
    • Tricyclic Anticonvulsant
  • Others

Segmentation by indications, 2014 - 2024 (USD Million) 

  • Interstitial cystitis
  • Crohn's
  • Irritable bowel
  • Chronic prostatitis

Segmentation by region, 2014 - 2024 (USD Million) 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Key players analyzed: 

  • Pfizer Inc.
  • Allergan
  • Johnson & Johnson
  • Bayer AG
  • Takeda Pharmaceutical Company Limited
  • Mallinkrodt Pharmaceuticals
  • AbbVie Inc.
  • AstraZeneca

About Hexa Research 

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact: Michelle T. Corporate Sales Specialist Hexa Research Phone: +1-415-349-0058 Toll Free: 1-800-489-3075 Email: sales@hexaresearch.com

Web: https://www.hexaresearch.com/

SOURCE Hexa Research



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Advertisement
Advertisement

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook