Report Scope & Overview:
Peripheral Neuropathy market was valued at USD 3.85 billion in 2022 and is expected to reach at USD 7.44 billion by 2030, and grow at a CAGR of 8.6% over the forecast period of 2023-2030.
Peripheral neuropathy is said to be a physical condition where the nerves which acts as a communicator and which sends the signal to their central nervous system gets damaged, the major role of these nerves are to send sensory signals to the body parts but in peripheral condition the nerves gets damaged and because of which the body parts couldn’t receive the signal, the symptoms of peripheral neuropathy is divided into three groups Motor, Sensory and Autonomic, motor symptoms mainly include muscle weakness, cramps etc the Sensory symptoms include numbness, tickling etc autonomic symptoms include sweating, change in blood pressure, the rising cases of peripheral neuropathy all around the globe is the driving factor of the peripheral neuropathy market, doctors claim that the major reasons behind the cause of peripheral neuropathy is mainly because of excessive intake of alcohols, infections, and also people suffering from diabetes Product 2 are tend to get affected by peripheral neuropathy, according to our data there has been an increase of 70% in global alcohol intake which can also be contributing factor for the increase in the cases of peripheral neuropathy.
Impact of covid-19.
The impact of covid-19 affected several domains in healthcare because during covid-19 the major objective of healthcare sector every nation was to prioritize the covid patients and make sure they get proper treatment, patients suffering from other disease had to face a lot of problems which mostly included no access to hospitals no available slots, also the fear of corona virus made it difficult for the other patients to visit the hospital on a regular basis, for many key players it was difficult to operate as the lockdown rules and regulations imposed by the government made it very difficult for them to function which impacted the demand and supply proportions and also it affected their supply chain management.
Market Dynamics
Drivers
Rise in the number of peripheral neuropathy cases all around the globe which positively impacts the demand.
Restrains
High cost of peripheral neuropathy treatment.
The cost of peripheral neuropath is expensive which may hinder the market because people in the emerging countries or underdeveloped region it becomes difficult for them to manage their health expense which will result in patients looking for inexpensive treatment,
The therapy’s which a patient needs to go through and which is considered as one form of the treatment Product is expensive because the process and the latest technological which is used for giving therapies are expensive and which includes a huge cost factor which acts as a barrier for the people with economic instability.
Opportunity
Technological advancement in the healthcare industry.
Campaigns and initiatives taken by the organizations and government to create awareness about the peripheral neuropathy.
Challenge
Lack of skilful professionals and the lack of awareness in the emerging countries.
Impact of recession:
According to our previous data, recession brings a lot a change specially in the decision, making perspective. According to the reports in 2009 recession people use to show up to the hospitals only in emergency cases and also the regular visit decreased so as the data says the cost of peripheral neuropathy is expensive so this might impact the market in a negative way, this report will give an exact information about how recession will impact the peripherical neuropathy market,
Segmentation
By Product
Medication
Medical Devices
Others
By Product segment analysis.
By product segment is divided into three segments Medications, medical devices and other, medication includes pain relievers, Anti-seizure medications, Topical Medication antidepressants and others it all depends on the symptoms a patient is facing and on the basis of that the health experts recommend the patient to use which Product of medications. Medications relieve the pain which a patient is experiencing because of the peripheral neuropathy disease.
The other sub segment in by product is Therapies which includes several therapies which will be explained in the final report, therapies also help the patient to reduce the pain which he/she is suffering or experiencing because of peripheral neuropathy.
By Type of Neuropathy
Mononeuropathy
Induced Peripheral Neuropathy
Diabetes Induced Peripheral Neuropathy
Chemotherapy Induced Peripheral Neuropathy
HIV-Induced Peripheral Neuropathy
Drug Induced Peripheral Neuropathy
Others
By End User
Hospitals & Clinics
Ambulatory Care
Home Care
Regional analysis:
The latest technology in the developed and the emerging citers of the North America is the reason this region will dominate the market, the rising cases of the peripheral neuropathy in these region and the rising awareness of the disease in North America are the factors which contribute to the growth of the peripheral neuropathy market in North America and also the latest development of the drugs and treatment facilities for the patients is said to be the factors because of which the growth is assured,
Europe will be the region with the second highest share because of the rising initiatives taken by the government in order to provide good facilities, build infrastructure and give a positive outlook for the healthcare sector which gives the peripheral neuropathy market opportunity to show a good growth in this region during the forecasted period.
Key Players
The major key players are WinSanTor, Inc. RxFunction, Inc., Diabetik Foot Care India Pvt Limited, Owen Mumford, Johnson & Johnson Services, Inc., Pfizer, NeuroMetrix, Inc., Alfasigma USA, Inc., Eli Lilly and Company, REGENACY PHARMACEUTICALS, INC., Qutenza, Axosim.
Recent developments
WinSanTor – A development of new drug to help people suffering from diabetic neuropathy.
Walk2Welness – The trail of Walkasins Lower Limb Sensory Prosthesis show that these devices improve balances and sustainability decreases incidence of falls during long term use.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.85 Bn |
| Market Size by 2030 | US$ 7.44 Bn |
| CAGR | CAGR of 8.6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Medication, Medical Devices, Others) • By Type of Neuropathy (Mononeuropathy, Induced Peripheral Neuropathy, Diabetes Induced Peripheral Neuropathy, Chemotherapy Induced Peripheral Neuropathy, HIV-Induced Peripheral Neuropathy, Drug Induced Peripheral Neuropathy, Others) • By End User (Hospitals & Clinics, Ambulatory Care, Home Care) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | WinSanTor, Inc. RxFunction, Inc., Diabetik Foot Care India Pvt Limited, Owen Mumford, Johnson & Johnson Services, Inc., Pfizer, NeuroMetrix, Inc., Alfasigma USA, Inc., Eli Lilly and Company, REGENACY PHARMACEUTICALS, INC., Qutenza, Axosim |
| Key Drivers | • Rise in the number of peripheral neuropathy cases all around the globe which positively impacts the demand. |
| Market Opportunities | • Technological advancement in the healthcare industry. • Campaigns and initiatives taken by the organizations and government to create awareness about the peripheral neuropathy. |
Peripheral Neuropathy market was valued at USD 1.7 billion in 2022 and is expected to reach at USD 2.23 billion by 2030, and grow at a CAGR of 3.5 % over the forecast period of 2023-2030.
Rise in the number of peripheral neuropathy cases all around the globe which positively impacts the demand.
The latest technology in the developed and the emerging citers of the North America is the reason this region will dominate the market
High cost of peripheral neuropathy treatment.
Covid-19 had a moderate effect on this market.
Table of Contents
1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2.Research Methodology
3.Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4.Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5.Value Chain Analysis
6.Porter’s 5 forces model
7.PEST Analysis
8.Peripheral Neuropathy Market Segmentation, by Product
8.1 Medication
8.2 Medical Devices
8.3 Others
9.Peripheral Neuropathy Market Segmentation, by Type of Neuropathy
9.1 Mononeuropathy
9.2 Induced Peripheral Neuropathy
9.3 Diabetes Induced Peripheral Neuropathy
9.4 Chemotherapy Induced Peripheral Neuropathy
9.5 HIV-Induced Peripheral Neuropathy
9.6 Drug Induced Peripheral Neuropathy
9.7 Others
10.Peripheral Neuropathy Market Segmentation, by End User
10.1 Hospitals & Clinics
10.2 Ambulatory Care
10.3 Home Care
11.Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Global Peripheral Neuropathy Market by country
11.2.2North America Global Peripheral Neuropathy Market by Product
11.2.3 North America Global Peripheral Neuropathy Market by Type of Neuropathy
11.2.4 North America Global Peripheral Neuropathy Market by End User
11.2.5 USA
11.2.5.1 USA Global Peripheral Neuropathy Market by Product
11.2.5.3 USA Global Peripheral Neuropathy Market by Type of Neuropathy
11.2.5.4 USA Global Peripheral Neuropathy Market by End User
11.2.6 Canada
11.2.6.1 Canada Global Peripheral Neuropathy Market by Product
11.2.6.3 Canada Global Peripheral Neuropathy Market by Type of Neuropathy
11.2.6.4 Canada Global Peripheral Neuropathy Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Global Peripheral Neuropathy Market by Product
11.2.7.3 Mexico Global Peripheral Neuropathy Market by Type of Neuropathy
11.2.7.4 Mexico Global Peripheral Neuropathy Market by End User
11.3 Europe
11.3.1 Europe Global Peripheral Neuropathy Market by country
1.3.3.2 Europe Global Peripheral Neuropathy Market by Product
11.3.3 Europe Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.4 Europe Global Peripheral Neuropathy Market by End User
11.3.5 Germany
11.3.5.1 Germany Global Peripheral Neuropathy Market by Product
11.3.5.2 Germany Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.5.3 Germany Global Peripheral Neuropathy Market by End User
11.3.6 UK
11.3.6.1 UK Global Peripheral Neuropathy Market by Product
11.3.6.2 UK Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.6.3 UK Global Peripheral Neuropathy Market by End User
11.3.7 France
11.3.7.1 France Global Peripheral Neuropathy Market by Product
11.3.7.2 France Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.7.3 France Global Peripheral Neuropathy Market by End User
11.3.8 Italy
11.3.8.1 Italy Global Peripheral Neuropathy Market by Product
11.3.8.2 Italy Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.8.3 Italy Global Peripheral Neuropathy Market by End User
11.3.9 Spain
11.3.9.1 Spain Global Peripheral Neuropathy Market by Product
11.3.9.2 Spain Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.9.3 Spain Global Peripheral Neuropathy Market by End User
11.3.10 The Netherlands
11.3.10.1 Netherlands Global Peripheral Neuropathy Market by Product
11.3.10.2 Netherlands Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.10.3 Netherlands Global Peripheral Neuropathy Market by End User
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Global Peripheral Neuropathy Market by Product
11.3.11.2 Rest of Europe Global Peripheral Neuropathy Market by Type of Neuropathy
11.3.11.3 Rest of Europe Global Peripheral Neuropathy Market by End User
11.4 Asia-Pacific
11.4.1 Asia Pacific Global Peripheral Neuropathy Market by country
11.4.2 Asia Pacific Global Peripheral Neuropathy Market by Product
11.4.3 Asia Pacific Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.4 Asia Pacific Global Peripheral Neuropathy Market by End User
11.4.5 Japan
11.4.5.1 Japan Global Peripheral Neuropathy Market by Product
11.4.5.2 Japan Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.5.3 Japan Global Peripheral Neuropathy Market by End User
11.4.6 South Korea
11.4.6.1 South Korea Global Peripheral Neuropathy Market by Product
11.4.6.2 South Korea Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.6.3 South Korea Global Peripheral Neuropathy Market by End User
11.4.7 China
11.4.7.1 China Global Peripheral Neuropathy Market by Product
11.4.7.2 China Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.7.3 China Global Peripheral Neuropathy Market by End User
11.4.8 India
11.4.8.1 India Global Peripheral Neuropathy Market by Product
11.4.8.2 India Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.8.3 India Global Peripheral Neuropathy Market by End User
11.4.9 Australia
11.4.9.1 Australia Global Peripheral Neuropathy Market by Product
11.4.9.2 Australia Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.9.3 Australia Global Peripheral Neuropathy Market by End User
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Global Peripheral Neuropathy Market by Product
11.4.10.2 APAC Global Peripheral Neuropathy Market by Type of Neuropathy
11.4.10.3 APAC Global Peripheral Neuropathy Market by End User
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Global Peripheral Neuropathy Market by country
11.5.2 The Middle East & Africa Global Peripheral Neuropathy Market by Product
11.5.3 The Middle East & Africa Global Peripheral Neuropathy Market by Type of Neuropathy
11.5.4 The Middle East & Africa Global Peripheral Neuropathy Market by End User
11.5.6 Israel
11.5.6.1 Israel Global Peripheral Neuropathy Market by Product
11.5.6.2 Israel Global Peripheral Neuropathy Market by Type of Neuropathy
11.5.6.3 Israel Global Peripheral Neuropathy Market by End User
11.5.6 UAE
11.5.6.1 UAE Global Peripheral Neuropathy Market by Product
11.5.6.2 UAE Global Peripheral Neuropathy Market by Type of Neuropathy
11.5.6.3 UAE Global Peripheral Neuropathy Market by End User
11.5.7 South Africa
11.5.7.1 South Africa Global Peripheral Neuropathy Market by Product
11.5.7.2 South Africa Global Peripheral Neuropathy Market by Type of Neuropathy
11.5.7.3 South Africa Global Peripheral Neuropathy Market by End User
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Global Peripheral Neuropathy Market by Product
11.5.8.2 Rest of Middle East & Asia Global Peripheral Neuropathy Market Phase
11.5.8.3 Rest of Middle East & Asia Global Peripheral Neuropathy Market by End User
11.6 Latin America
11.6.1 Latin America Global Peripheral Neuropathy Market by country
11.6.2 Latin America Global Peripheral Neuropathy Market by Product
11.6.3 Latin America Global Peripheral Neuropathy Market by Type of Neuropathy
11.6.4 Latin America Global Peripheral Neuropathy Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Global Peripheral Neuropathy Market by Product
11.6.5.2Brazil Global Peripheral Neuropathy Market by Type of Neuropathy
11.6.2.3 Brazil Global Peripheral Neuropathy Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Global Peripheral Neuropathy Market by Product
11.6.6.3 Argentina Global Peripheral Neuropathy Market by Type of Neuropathy
11.6.6.4 Argentina Global Peripheral Neuropathy Market by End User
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Global Peripheral Neuropathy Market by Product
11.6.7.3 Rest of Latin America Global Peripheral Neuropathy Market by Type of Neuropathy
11.6.7.4 Rest of Latin America Global Peripheral Neuropathy Market by End User
12.Company Profile
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product /Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 RxFunction, Inc
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product /Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Diabetik Foot Care India Pvt Limited
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product /Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Owen Mumford
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product /Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Johnson & Johnson Services, Inc
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product /Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Pfizer
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product /Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 NeuroMetrix, Inc
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product /Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Alfasigma USA, Inc
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product /Services/Offerings
12.8.4 SWOT Analysis
12.6.5 The SNS View
12.9 Eli Lilly and Company
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product /Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 REGENACY PHARMACEUTICALS, INC
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product /Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Qutenza
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product /Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Axosim
12.12.1 Market Overview
12.12.2 Financials
12.12.3 Product /Services/Offerings
12.12.4 SWOT Analysis
12.12.5 The SNS View
13.Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14.Best cases and Used Practices
15.Conclusion
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