The 2023 report on the “Sciatica Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Sciatica Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2022-2028. Sciatica is a medical ailment that causes moderate to severe pain along the sciatic nerve, which flows from the lower back through the hips and buttocks and down to the legs. It usually occurs when a herniated disc, a bone spur on the spine, or spinal stenosis compresses a portion of the nerve. The market is driven by the risk factors and increasing elderly population and increased public awareness and high survival rate of sciatica.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
According to the Centers for Disease Control and Prevention, over three out of five persons (58.9%) in the United States had pain of some type in the previous three months of 2019. Back pain affected 39.0 percent of adults, 36.5 percent of adults had lower limb pain, and 30.7 percent of adults had upper limb pain. The incidence of pain in each of these areas rose with age, with the highest frequency among individuals aged 65 and more.
Men and non-Hispanic Asian people had the lowest pain prevalence in each of these areas. Furthermore, high expenditure on healthcare boosts the market opportunities in the coming years. However, several off-label drugs and physical therapy in the market impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Sciatica Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the market shares globally and is expected to be the fastest growing region in the forecast years, owing to favorable demand for disease-specific novel treatment and increase in government investment in healthcare.
Major market players included in this report are:
Sorrento Therapeutics
Sinfonia Biotherapeutics
Eliem Therapeutics
Aurobindo Pharma
SpineThera
Kolon life Science
Scilex Holding
Vita Sciences
Seikagaku Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
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Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Types:
Acute Sciatica
Chronic Sciatica
Others
By Pharmacological Therapies:
Non-Steroidal Anti-inflammatory Drug (NSAIDs)
Steroids
Antidepressants
Painkillers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
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France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Which elements of this study are relevant to market analysis?
- The research offers a thorough analysis of market trends, along with details on regional usage and consumption.
- The growth rates of each area, including their respective nations, are included in market reports for the upcoming years.
- How are the major market players rated?
- A thorough study of the market’s top rivals is provided in this report.
- The study contains details about the major market vendors.
- Each company’s profile, revenue sources, and items produced are all covered in detail in the study.
- Along with the opinions of the top market participants, the study includes data and information about rival companies.
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