The Peripheral Neuropathy market size was valued at USD 3.85 billion in 2022 and is expected to reach USD 7.44 billion by 2030 and grow at a CAGR of 8.6% over the forecast period of 2023-2030.

Peripheral neuropathy is a condition that affects the peripheral nerves, causing symptoms such as numbness, tingling, and pain in the extremities. The market for peripheral neuropathy treatment has been witnessing significant growth due to various factors.

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One of the key drivers of this market is the increasing prevalence of diabetes worldwide. Diabetes is one of the leading causes of peripheral neuropathy, and with the rising diabetic population, the demand for effective treatments for neuropathic pain is also increasing. According to the International Diabetes Federation, around 463 million adults were living with diabetes in 2019, and this number is expected to rise to 700 million by 2045.

Furthermore, advancements in medical technology have led to the development of innovative treatment options for peripheral neuropathy. For instance, neurostimulation devices have gained popularity as a non-invasive approach to managing neuropathic pain.

KEY MARKET 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

Major Players Listed in the Report are as Follows:

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 & Other Players

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