Top Growth Trends in the Peripheral Neuropathy Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of thePeripheral Neuropathy Market?
The rising prevalence of diabetes is expected to fuel the growth of the peripheral neuropathy market. Diabetes, caused by the inability to produce or use insulin, is increasing due to factors like obesity and aging populations. Peripheral neuropathy is a common complication of diabetes, causing nerve damage and symptoms like pain and numbness. For example, the British Diabetic Association reported in April 2023 that 4.3 million people in the UK are diagnosed with diabetes, with over 2.4 million at high risk of developing type 2 diabetes. Therefore, the increasing prevalence of diabetes is driving the growth of the peripheral neuropathy market.
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#What is the Projected CAGR for the Peripheral Neuropathy Market Size from 2025 to 2034?
The peripheral neuropathy market size has grown rapidly, increasing from $4.09 billion in 2024 to $4.62 billion in 2025 at a CAGR of 13.2%. Factors include higher chronic disease rates like diabetes, better awareness of neuropathic pain care, aging populations, improved healthcare infrastructure, and new treatment adoption.
The peripheral neuropathy market is expected to grow to $7.52 billion by 2029, at a CAGR of 12.9%. Growth is driven by the rising prevalence of chronic diseases and advancements in pharmacological therapies. Trends include personalized treatment, the use of wearable devices for real-time monitoring, and digital therapeutics for symptom management.
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What Are the Latest Innovations Influencing thePeripheral Neuropathy Market?
Companies in the peripheral neuropathy market are developing solutions like point-of-care devices to improve the diagnosis and management of the condition. For instance, in January 2023, NeuroMetrix Inc. launched the DPNCheck 2.0 point-of-care device, which detects peripheral neuropathy using nerve conduction technology. This device offers rapid, accurate screening, improving on traditional methods like monofilament tests.
Who Are the Major Industry Players Accelerating Growth in thePeripheral Neuropathy Market?
Major companies operating in the peripheral neuropathy market are Pfizer Inc., Merck and Co. Inc., Novartis AG, Bristol Myers Squibb Co, AstraZeneca Plc, Abbott Laboratories, Eli Lilly and Co., Asahi Kasei Corporation, Daiichi Sankyo Co. Ltd., Sun Pharmaceutical Industries Ltd, Aurobindo Pharma, Cadila Pharmaceuticals Ltd., Dr. Reddy’s Laboratories, Cipla Ltd., Apotex Inc, Hikma Pharmaceuticals PLC, Lupin Limited, Grunenthal GmbH, ACI Limited, Lexicon Pharmaceuticals, Solasia Pharma KK, Helixmith Co. Ltd., PledPharma AB
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Which Primary Segments of the Peripheral Neuropathy Market Are Driving Growth and Industry Transformations?
The peripheral neuropathy market covered in this report is segmented –
1) By Type: Chemotherapy-Induced, Diabetic, Human Immunodeficiency Virus (HIV) Or Acquired Immunodeficiency Syndrome (AIDS Associated, Idiopathic
2) By Diagnosis: Blood Test, Biopsy, Imaging, Other Diagnosis
3) By Treatment: Medications, Antidepressants, Anti-Seizure Medication, Pain Reliever, Topical Treatment, Therapies, Nerve Stimulation, Plasma Exchange, Physical Therapy, Other Treatments
4) By End-User: Hospitals, Clinics, Ambulatory Centers
Subsegments:
1) By Chemotherapy-Induced: Taxane-Induced Peripheral Neuropathy, Platinum-Based Drug-Induced Neuropathy, Other Chemotherapy-Induced Neuropathies
2) By Diabetic: Type 1 Diabetes-Induced Peripheral Neuropathy, Type 2 Diabetes-Induced Peripheral Neuropathy
3) By Human Immunodeficiency Virus (HIV) Or Acquired Immunodeficiency Syndrome (AIDS) Associated: HIV-Associated Peripheral Neuropathy, AIDS-Related Peripheral Neuropathy
4) By Idiopathic: Acute Idiopathic Neuropathy, Chronic Idiopathic Neuropathy
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of thePeripheral Neuropathy Market?# Market?
North America was the largest region in the peripheral neuropathy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peripheral neuropathy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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