Chronic Lower Back Pain (CLBP) Market is Projected to Reach USD 9.27 Billion By 2026


Posted June 1, 2020 by jennysmith22119

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.

 
Global Chronic Lower Back Pain (CLBP) Market Analysis


According to Verified Market Research, The Global 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.

What is Chronic Lower Back Pain (CLBP)?
The pain which starts below the ribcage (lumbar region) is known as lower back pain. Low back pain is considered chronic, if it is constant for more than 3 months. Chronic low back pain can be caused by injury, disease, or stress to various body parts and may be felt as bone pain, nerve pain or muscle pain. The sense of pain can also vary, such as ache, burning, poking or tingling, acute or slow, and well-defined or vague. Chronic low back pain (CLBP) has been associated with cortical changes in many brain regions including the somatosensory cortex.

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Global Chronic Lower Back Pain (CLBP) Market Outlook


In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.


A rise in the occurrence of nerve cases and growth in the geriatric population is the major growth driver for chronic lower back pain market. For instance, according to the National Institute of Neurological Disorders and Stroke 2019, about 80 % of adults experience this form of low back pain at some stage in life. In addition, inactive lifestyle, increasing healthcare awareness among developed & underdeveloped countries and growing disposable income of consumers are the factors that are expected to support the market growth. For instance, as per the report by the American Chiropractic Association, united states spend approximately USD 50,000 million each year on health care for low-back pain. On the other hand, unfavourable results of medications, unavailability of the proper medication and weak supply chain management are the factors that are restraining the growth of the market.


Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Chronic Lower Back Pain (CLBP) Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Chronic Lower Back Pain (CLBP) Market Competitive Landscape


The “Global Chronic Lower Back Pain (CLBP) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Johnson & Johnson Services Inc., Pfizer Inc., Sanofi, Endo Pharmaceuticals Inc., Merck & Co., Inc., Vertebral Technologies, Inc., Medtronic, Boston Scientific Corporation, BioWave Corporation, and Koninklijke Philips N.V. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. 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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Global Chronic Lower Back Pain (CLBP) Market, By Type of Pain
• Diskogenic Pain
• Lumbar Spinal Stenosis
• Sacroiliac Pain
• Facet-Joint Pain
• Others
Global Chronic Lower Back Pain (CLBP) Market, By Diagnosis
• Clinical History
• Physical Examination
• Imaging Guidelines
• Assessment of Pain
Global Chronic Lower Back Pain (CLBP) Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Issued By vmr
Country United States
Categories Business
Tags chronic lower back pain clbp market
Last Updated June 1, 2020