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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Peripheral Neuropathy Treatment Market Size
The global peripheral neuropathy treatment market reached a value of about USD 764.27 million in 2023 and is expected to grow at a CAGR of 3.7% during the forecast period of 2024-2032. The market is expected to reach USD 1,059.88 million by 2032.
Peripheral Neuropathy Treatment Market Report Snapshots
Peripheral Neuropathy Treatment Market Size
Peripheral Neuropathy Treatment Market Growth
Peripheral Neuropathy Treatment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 764.27 million in 2023.
The market is likely to grow at a CAGR of 3.7% during the forecast period of 2024-2032.
The market is expected to reach a value of USD 1,059.88 million by 2032.
The rising prevalence of chronic diseases, such as diabetes, cancer, and hypothyroidism, increases the risk of peripheral neuropathy in chronic disease patients.
The major regional markets include North America, Europe, Latin America, Middle East and Africa, and Asia Pacific.
The major types include diabetic, chemotherapy-induced, idiopathic, and HIV/AIDS associated peripheral neuropathy.
The key players in the market include Abbott Laboratories, Bristol Myers Squibb Co, Novartis AG, Eli Lilly and Company, Pfizer Inc., GlaxoSmithKline Plc, Merck and Co. Inc., F. Hoffmann-La Roche Ltd, Cipla Ltd., Lupin Ltd, Dr. Reddy’s Laboratories, and RxFunction, Inc., among others.
High product costs, availability of alternative treatments, and stringent regulatory compliance and device recalls, are major factors impeding the market growth.
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