The Diabetic Neuropathy Global Market Report 2023, provides comprehensive information on the diabetic neuropathy market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In the intricate tapestry of global economics, the diabetic neuropathy market is navigating a transformative journey. Amidst the challenges posed by the Russia-Ukraine conflict, the market, valued at $4.52 billion in 2022, is poised to ascend to $4.97 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 9.8%. The geopolitical tensions have cast shadows on the global economic resurgence post-COVID-19, triggering economic sanctions and supply chain disruptions. This tumult has led to a surge in commodity prices, causing widespread inflation across goods and services, thereby impacting numerous markets worldwide. Despite these hurdles, the diabetic neuropathy market is anticipated to burgeon further, reaching an estimated value of $6.90 billion by 2027, exhibiting a steady CAGR of 8.5%. This resilient growth underscores the industry’s adaptability and tenacity amidst challenging global landscapes.
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The landscape of the diabetic neuropathy market is undergoing a profound transformation, driven by the relentless march of technological advancements. Prominent players within this domain are diligently steering their efforts towards pioneering and innovative solutions, thereby fortifying their standing within the market. A case in point is Nevro Corporation, a distinguished US-based medical device enterprise, which, in July 2021, unveiled the groundbreaking Senza, also known as “HFX.” This high spinal cord stimulation technology represents a paradigm shift in the management of painful diabetic neuropathy (PDN), a debilitating affliction that afflicts up to one-third of individuals with diabetes (PWDs) in the United States, leading to sensory loss and distress in the lower extremities.
The Senza® HFX iQTM system represents the vanguard of this technological progress, harnessing the power of artificial intelligence to optimize and sustain pain mitigation, personalized to the unique responses of each patient. This innovation is a testament to the comprehensive understanding of the diverse ways in which individuals experience pain. Its core mission is to facilitate patients in achieving and maintaining sustained relief from pain, ultimately enhancing their overall quality of life. This pioneering technology is manifested in the Senza HFX iQ system, comprising the HFX iQ Implantable Pulse Generator (IPG), HFX Trial Stimulator, Charger, and HFX App, setting a new standard with algorithms meticulously tailored to address the complexities of treating chronic back and leg pain, notably severe diabetic neuropathy and non-surgical back pain. The introduction of such transformative technologies is emblematic of the diabetic neuropathy market’s commitment to advancing the well-being of those affected by this condition, marking a significant milestone in the quest for improved patient outcomes.
The diabetic neuropathy market is segmented:
1) By Disorder: Peripheral Neuropathy, Autonomic Neuropathy, Proximal Neuropathy, Focal Neuropathy
2) By Drug Class: Analgesics, Anti-Depressants, Anti-consulvants, Other Drug Classes
3) By Treatment: Drug Treatment, Radiotherapy, Physiotherapy, Other Treatments
4) By Distribution Channel: Online Distribution, Offline Distribution
5) By End-user: Hospitals, Specialty Clinics, Other End-users
North America was the largest region in the diabetic neuropathy market in 2022.
The table of contents in TBRC’s diabetic neuropathy market report includes:
- Executive Summary
- Diabetic Neuropathy Market Characteristics
- Diabetic Neuropathy Market Trends And Strategies
- Diabetic Neuropathy Market – Macro Economic Scenario
- Diabetic Neuropathy Market Size And Growth
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- Africa Diabetic Neuropathy Market
- Diabetic Neuropathy Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Diabetic Neuropathy Market
- Diabetic Neuropathy Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Pfizer Inc
- Eli Lilly and Company
- GSK PLC (GlaxoSmithKline PLC)
- Daiichi Sankyo Company Limited
- Johnson & Johnson
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