Global Diabetic Neuropathy Treatment Market Size, Share & Trends Analysis Report By Distribution Channel, By Drug Class, By Disorder Type, By Regional Outlook and Forecast, 2024 - 2031
The Global Diabetic Neuropathy Treatment Market size is expected to reach $7.4 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
The demand for diabetic neuropathy treatment in North America is increasing due to several factors. Increasing diabetes prevalence in the region is among the primary factors. Thus, the North America region captured 39.5% revenue share in the market 2023. With high rates of smoking in Canada, there is a greater prevalence of diabetes and diabetic neuropathy among the population, leading to increased demand for this.
Advancements in treating diabetic neuropathy have made significant progress in recent years, offering patients a broader array of options to manage their condition effectively. One key area of advancement is pharmacological therapies. Novel medications have been developed that target specific pathways involved in nerve damage, such as inflammation and oxidative stress.
Additionally, as per the World Health Organization, the proportion of diabetic people among adults aged 18 years and older was 8.5% in 2014. Diabetes accounted for the direct cause of 1.5 million fatalities in 2019, with 48% of diabetes-related deaths occurring in individuals younger than 70 years of age. Diabetes accounted for an additional 460,000 fatalities due to kidney disease. Thus, the increasing prevalence of diabetes worldwide is a key driver of the market.
However, many people with diabetes may not be aware of the potential complications, including neuropathy, which can result from uncontrolled blood sugar levels over time. Such a lack of awareness may result in postponing the pursuit of medical attention upon the initial appearance of symptoms indicative of neuropathy, including numbness, tingling, or pain in the hands and feet. Hence, the lack of awareness of the disease may allow the adoption of treatments and hamper the market's growth.
By Distribution Channel Analysis
By distribution channel, the market is divided into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment witnessed 47.8% revenue share in the market in 2023. Hospital pharmacies serve a vital function in furnishing patients with the proper medications prescribed for diabetic neuropathy.
By Drug Class Analysis
On the basis of drug class, the market is classified into capsaicin, opioid, non-steroidal anti-inflammatory drugs (NSAIDs), antidepressants, and others. The antidepressants segment recorded 29.3% revenue share in the market in 2022.
By Disorder Analysis
Based on disorder type, the market is characterized into peripheral neuropathy, autonomic neuropathy, proximal neuropathy, and focal neuropathy. The peripheral neuropathy segment garnered 63.8% revenue share in the market in 2023. There are many different causes of peripheral neuropathy, including diabetes, infections, exposure to toxins, and certain medications.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment acquired 26.9% revenue share in the market in 2023. Based on data from the International Diabetes Federation, this region is anticipated to have the highest prevalence of diabetes in 2021, with an estimated 191 million adults aged 20-79 affected.
List of Key Companies Profiled
Abbott Laboratories
Eli Lilly And Company
Pfizer, Inc.
Lupin Limited
Astellas Pharma, Inc.
Glenmark Pharmaceuticals Limited
Boehringer Ingelheim International GmbH
Novartis AG
McKesson Corporation
GlaxoSmithKline PLC (GSK)
Global Diabetic Neuropathy Treatment Market Report Segmentation
By Distribution Channel
Hospitals Pharmacies
Retail Pharmacies
Others
By Drug Class
Non-Steroidal Anti-inflammatory Drugs (NSAIDs)
Antidepressants
Opioid
Capsaicin
Others
By Disorder Type
Peripheral Neuropathy
Autonomic Neuropathy
Proximal Neuropathy
Focal Neuropathy
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
1.4.1Global Diabetic Neuropathy Treatment Market, by Distribution Channel
1.4.2Global Diabetic Neuropathy Treatment Market, by Drug Class
1.4.3Global Diabetic Neuropathy Treatment Market, by Disorder Type
1.4.4Global Diabetic Neuropathy Treatment Market, by Geography
1.5Methodology for the research
Chapter 2.Market at a Glance
2.1Key Highlights
Chapter 3.Market Overview
3.1Introduction
3.1.1Overview
3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
3.2.1Market Drivers
3.2.2Market Restraints
3.2.3Market Opportunities
3.2.4Market Challenges
3.3Porter Five Forces Analysis
Chapter 4.Global Diabetic Neuropathy Treatment Market by Distribution Channel
4.1Global Hospitals Pharmacies Market by Region
4.2Global Retail Pharmacies Market by Region
4.3Global Others Market by Region
Chapter 5.Global Diabetic Neuropathy Treatment Market by Drug Class
5.1Global Non-Steroidal Anti-inflammatory Drugs (NSAIDs) Market by Region
5.2Global Antidepressants Market by Region
5.3Global Opioid Market by Region
5.4Global Capsaicin Market by Region
5.5Global Others Market by Region
Chapter 6.Global Diabetic Neuropathy Treatment Market by Disorder Type
6.1Global Peripheral Neuropathy Market by Region
6.2Global Autonomic Neuropathy Market by Region
6.3Global Proximal Neuropathy Market by Region
6.4Global Focal Neuropathy Market by Region
Chapter 7.Global Diabetic Neuropathy Treatment Market by Region
7.1North America Diabetic Neuropathy Treatment Market
7.1.1North America Diabetic Neuropathy Treatment Market by Distribution Channel
7.1.1.1North America Hospitals Pharmacies Market by Country
7.1.1.2North America Retail Pharmacies Market by Country
7.1.1.3North America Others Market by Country
7.1.2North America Diabetic Neuropathy Treatment Market by Drug Class
7.1.2.1North America Non-Steroidal Anti-inflammatory Drugs (NSAIDs) Market by Country
7.1.2.2North America Antidepressants Market by Country
7.1.2.3North America Opioid Market by Country
7.1.2.4North America Capsaicin Market by Country
7.1.2.5North America Others Market by Country
7.1.3North America Diabetic Neuropathy Treatment Market by Disorder Type
7.1.3.1North America Peripheral Neuropathy Market by Country
7.1.3.2North America Autonomic Neuropathy Market by Country
7.1.3.3North America Proximal Neuropathy Market by Country
7.1.3.4North America Focal Neuropathy Market by Country
7.1.4North America Diabetic Neuropathy Treatment Market by Country
7.1.4.1US Diabetic Neuropathy Treatment Market
7.1.4.1.1US Diabetic Neuropathy Treatment Market by Distribution Channel
7.1.4.1.2US Diabetic Neuropathy Treatment Market by Drug Class
7.1.4.1.3US Diabetic Neuropathy Treatment Market by Disorder Type