Visceral Pain Market size was valued at US$ 12.21 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 5.2% through 2021 to 2029, reaching nearly US$ 18.32 Bn.
Visceral Pain Market Overview:
The competitive landscape of the Visceral Pain Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Visceral Pain market.
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Visceral Pain Market Scope:
This Visceral Pain market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Visceral Pain market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Visceral Pain Market Segmentation:
by Drug Type
• Pain Modifiers
• Analgesics
• Others
The market is divided into three categories based on the type of drug: pain relievers, analgesics, and others. By 2029, the analgesics segment is anticipated to command the greatest market share of%. During the projected period, the segment growth is anticipated to be driven by generally accessible products combined with over-the-counter sales. Narcotics and nonsteroidal anti-inflammatory drugs (NSAIDs) are examples of analgesics.
NSAIDs (Nonsteroidal Anti-Inflammatory Drugs) are frequently used as the first line of treatment for common inflammation. NSAIDs are typically referred to as steroids since they largely reduce the production of prostaglandins, which are generated in response to cell injury. According to The American Journal of Medicine, NSAID problems cause 100,000 patients to become ill each year and result in 20,000 fatalities.
by Indication
• Chronic Prostatitis
• Interstitial Cystitis
• Crohn’s Disease
• Ulcerative Colitis
The market is divided into Chronic Prostatitis, Interstitial Cystitis, Crohn's Disease, and Ulcerative Colitis based on the indication. During the projected period of 2021-2029, the Ulcerative Colitis and Crohn's Disease segments are anticipated to expand fast at a CAGR of and%. IBD prevalence and incidence have significantly increased during the past few decades, and this trend is anticipated to continue over the prediction period. IBD Support Australia Incorporated estimates that around 61,000 Australians suffer from inflammatory bowel disease, with Crohn's disease affecting 28,000 people and ulcerative colitis impacting 33,000.
by Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
The market is divided into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies based on the distribution channel. The retail pharmacy segment is anticipated to expand quickly from 2021 to 2029, with a CAGR of%. This is the result of favourable demographic factors and a change in the epidemiological environment. The addition of a number of medications under the OTC category and consumer demand for self-medication are anticipated to drive the Retail Pharmacies market.
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Visceral Pain Market Key Players: The following are the key players of the Visceral Pain market-
• Pfizer Inc.
• Allergan Inc.
• Johnson & Johnson Services Inc.
• Abbvie
• Takeda Pharmaceutical Company Limited
• AstraZeneca
• Bayer AG
• Mallinckrodt Pharmaceuticals
• Addex Therapeutics
• Astellas Pharma Inc.
• Novartis AG
• Sanofi
• GlaxoSmithKline plc
• Boehringer Ingelheim International GmbH
• Zyla Life Sciences
• Horizon Therapeutics plc
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Visceral Pain Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Visceral Pain Market: The research also addresses the impact of COVID-19 on the Visceral Pain market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Visceral Pain Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Visceral Pain Market in the next years.
Key Questions Answered in the Visceral Pain Market Report are:
- What will be the CAGR of the Visceral Pain market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Visceral Pain market?
- Which are the prominent players in the Visceral Pain market?
- What key trends are likely to emerge in the Visceral Pain market in the forecast period?
- What will be the Visceral Pain market size by 2027?
- Which company held the largest share in the Visceral Pain market in 2020?
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11 December 2018, 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%.
Furthermore, rising healthcare expenditure and an increasing use of opioids for the chronic pain are the key factors attributing to its share.Browse Details of Report @ https://www.hexaresearch.com/research-report/visceral-pain-marketIn 2016, Crohn’s disease was the largest indication segment for the visceral pain market contributing to 41.4% of the market share.
Furthermore, increasing awareness about Crohn’s disease is fueling the demand for treatment therapies.Key market players include Pfizer, Johnson & Johnson, Abbvie, Takeda, Allergan, and AstraZeneca.
