Global Chronic Lower Back Pain (CLBP) Market Size By Type of Pain, By Diagnosis, By Geographic Scope And Forecast

Jan 2021| VMR4675A| Verified Market Research

Report Highlights

Chronic Lower Back Pain (CLBP) Market Size And Forecast

Chronic Lower Back Pain (CLBP) Market was valued at USD 6.29 Billion in 2018 and is projected to reach USD 9.27 Billion by 2026, growing at a CAGR of 4.97% from 2019 to 2026.

The Global Chronic Lower Back Pain (CLBP) Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Chronic Lower Back Pain (CLBP) Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Chronic Lower Back Pain (CLBP) Market Overview

Chronic low back pain is defined as pain that persists for 12 weeks or longer, even after an initial injury or underlying cause of acute low back pain. Low back pain is very common and at one point everyone must have faced this problem. Lower back pain that is long-term (for more than 3 months) is called chronic low back pain, this condition might originate from an injury, disease, or stress on different structures of the body, and pain may vary significantly and may be felt as nerve pain, bone pain, or muscle pain. The intensity of the pain also ranges from mild to severe. CLBP is the second leading cause of disability worldwide being major welfare and economic problem. The prevalence of CLBP in adults has increased significantly in the last decade and is continuously increasing vividly in the aging population. This condition affects men and women in all ethnic groups equally. This disease also depression, which leads to stress, and anxiety. CLBP affects physically and psychologically and creates a significant amount of economic burden due to loss of function, treatment costs, loss of work productivity, and disability payments.

This report provides an all-inclusive environment of the analysis for the Global Chronic Lower Back Pain (CLBP) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Chronic Lower Back Pain (CLBP) Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Global Chronic Lower Back Pain (CLBP) Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global Chronic Lower Back Pain (CLBP) Market.

 

Global Chronic Lower Back Pain (CLBP) Market: Segmentation Analysis

The Global Chronic Lower Back Pain (CLBP) Market is segmented on the basis of Type of Pain, Diagnosis, and Geography.

Key Players InChronic Lower Back Pain (CLBP) Market

The Global Chronic Lower Back Pain (CLBP) Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Johnson & Johnson Services Inc., Pfizer Inc., Sanofi, Endo Pharmaceuticals Inc., Merck & Co., Inc., Vertebral Technologies, Inc., Medtronic, Boston Scientific Corporation, Bio Wave Corporation, and Koninklijke Philips N.V. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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