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Growing Demand For Non-Invasive Treatment Boosts Trigeminal Neuralgia Treatment Market Growth

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Mia Yates
Growing Demand For Non-Invasive Treatment Boosts Trigeminal Neuralgia Treatment Market Growth

Trigeminal neuralgia is a chronic pain condition affecting the trigeminal or 5th cranial nerve that supplies sensation to the face. Medications and surgeries are commonly used to reduce pain associated with trigeminal neuralgia. The global Trigeminal Neuralgia Treatment Market is estimated to be valued at US$ 242.95 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing demand for non-invasive treatment options is one of the key trends driving the trigeminal neuralgia treatment market growth. Trigeminal neuralgia severely impacts the quality of life of patients. Conventional treatment options such as medications and surgeries are often ineffective and have significant risks and side-effects. This has increased focus on developing non-invasive treatment alternatives such as Gamma Knife radiosurgery. This precise radiation therapy directly targets nerves responsible for pain without damaging nearby healthy tissues. Companies are also developing Magnetic resonance-guided focused ultrasound (MRgFUS) and vagus nerve stimulation (VNS) devices to non-invasively reduce trigeminal neuralgia symptoms. The availability of effective non-invasive treatment options with fewer risks is expected to increase the trigeminal neuralgia patient population significantly over the forecast period.

Segment Analysis

The global trigeminal neuralgia treatment market is dominated by drug sub segment. Drugs account for over 80% of the overall market as drugs provide effective long term treatment for managing trigeminal neuralgia symptoms. Drugs such as anticonvulsants and anti-inflammatory are widely used for treatment. Surgical treatment involves microvascular decompression and other minimally invasive procedures but adoption is low due to risk of nerve damage and recurrence of pain.

Key Takeaways

The Global Trigeminal Neuralgia Treatment Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising cases of trigeminal neuralgia disorder.

Regional analysis: North America currently dominates the market due to high awareness levels and developed healthcare infrastructure in countries like US and Canada. Europe market is slated to grow at a profitable CAGR during the forecast period supported by research funding and availability of advanced treatment options. Asia Pacific market is expected to witness fastest growth attributable to large patient pool, improving access to healthcare facilities and changing lifestyle leading to increase in neurological disorders in countries like India and China.

Key players: Key players operating in the trigeminal neuralgia treatment market are F. Hoffmann-La Roche Ltd. (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Pfizer Inc. (U.S.), GSK plc (U.K.), Novartis AG (Switzerland), AstraZeneca (U.K.), Johnson & Johnson Private Limited (U.S.), Sun Pharmaceutical Industries Ltd. (India), Merck & Co., Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Abbott (U.S.), Hikma Pharmaceuticals PLC (U.K.), Allergan (Ireland), Eli Lilly and Company (U.S.), Aurobindo Pharma (India), Lupin (India), SHIONOGI & Co., Ltd. (Japan), AbbVie Inc. (U.S.). Major players are focused on developing more efficacious and safer treatment through research collaborations.

For More Insights, Read: https://www.newswirestats.com/trigeminal-neuralgia-treatment-market-size-share-and-growth-forecast-2023-2030/

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