Pain Management Therapeutics Market is Likely to Clock a CAGR of 4.0%, Booming Healthcare Industry to Create a Positive Growth Environment Globally - TMR - Seite 2

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But there are high chances that the demand for pain management therapeutics will be more for chronic back pain in the next few years as compared to it demand for revealing cancer pain. There has been a significant rise in lower back problems due to prolong sitting hours in desk job and various other chronic diseases.

Favorable Government Healthcare Policies Augmenting Demand in the Pain Management Therapeutics Market

Strong prevalence of chronic pain ailments, favorable government healthcare policies, and availability of effective treatment options are some of the major factors driving demand in the global pain management therapeutics market. Lucrative reimbursement for pain management treatment along with rising demand for palliative care treatment is further befitting growth in the pain management therapeutics market. Another very significant fact is the continuous efforts made by medical device manufacturers to develop cost effective products is creating favorable conditions for the manufactures as well as for the market. Moreover, rising number of trauma cases coupled with accidental injuries is fueling growth in the pain management therapeutics market globally.

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The study presented here is based on a report by Transparency Market Research (TMR) titled "Pain Management Therapeutics Market (Therapeutics - Anticonvulsants, Antidepressants, Anesthetics, Non-steroidal Anti-inflammatory Drugs (NSAIDS), Opioids, Other Non-narcotic Analgesic, and Antimigraine Agents; Indication - Neuropathic Pain, Fibromyalgia, Arthritic Pain, Chronic Back Pain, Migraine, Post-Operative Pain, and Cancer Pain) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025".

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