The global demand for treatments in the Complex Regional Pain Syndrome (CRPS) market is expected to reach a valuation of USD 103.7 million in 2023. Over the next decade, from 2023 to 2033, the market is anticipated to grow at a steady CAGR of 2.2%, reaching approximately USD 129.2 million by 2033. This positive growth trajectory is detailed in a comprehensive analysis report by FMI.
CRPS, a chronic pain condition typically affecting the limbs, presents significant treatment challenges. However, advancements in medical research and increasing awareness are driving the market for effective CRPS therapies. The steady expansion of this market reflects the growing commitment to improving the quality of life for patients suffering from this debilitating condition.
As the demand for innovative CRPS treatments continues to rise, stakeholders can expect enhanced therapeutic options and better patient outcomes. The market’s growth highlights the importance of ongoing research and development in pain management solutions.
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The increase in the number of persons suffering from complex regional pain syndrome (CRPS), chronic pain, and failing back syndrome is one of the main drivers of market expansion. Complex regional pain syndrome (CRPS) is a chronic pain disorder that can affect one’s entire body or only the hands, feet, arms, and legs.
Both of the two forms of CRPS have the same symptoms and available treatments. Complex Regional Pain Syndrome (CRPS) Type I, sometimes referred to as reflex sympathetic dystrophy, appears following an injury without any nerve damage. Type II CRPS may occur as a result of specific nerve injury or trauma.
Key Takeaways:
- The global complex regional pain syndrome (CRPS) market is estimated to reach USD129.2 million by 2033, reflecting a rise from USD103.7 million in 2023.
- This growth is projected at a steady compound annual growth rate (CAGR) of 2.2% throughout the forecast period.
- The rising prevalence of CRPS and chronic pain conditions are key drivers for market expansion
Market Competition:
Mallinckrodt Pharmaceuticals, GlaxoSmithKline plc. Mylan N.V., Teva Pharmaceutical Industries Ltd., AbbVie, ACTAVIS, Zydus Pharmaceuticals, Inc., Sandoz, and Janssen Global Services, LL. are among the leading companies operating in the market.
Recent Developments in the Complex Regional Pain Syndrome (CRPS) Market
- In August 2022, GSK plc announced the New Drug Application (NDA) for momelotinib, a potential new medicine with a proposed differentiated mechanism of action. It may address the significant unmet medical needs of myelofibrosis patients with anemia, which had been accepted by the US Food and Drug Administration (FDA).
- In June 2022, Mallinckrodt plc, a global biopharmaceutical company announced the resubmission of the Company’s New Drug Application (NDA) to the USA Food and Drug Administration (FDA) for the investigational agent terlipressin. It helps to treat adults with hepatorenal syndrome (HRS), an acute and life-threatening condition with no FDA-approved treatment.
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Key Companies Profiled:
- Mallinckrodt Pharmaceuticals
- GlaxoSmithKline plc.
- Mylan N.V.
- Teva Pharmaceutical Industries Ltd.
- AbbVie
- ACTAVIS
- Zydus Pharmaceuticals Inc.
- Sandoz
- Janssen Global Services LLC.
- Medline Plus
Key Segments Profiled in the Complex Regional Pain Syndrome (CRPS) Industry Survey:
By Therapy Type:
- Physical Therapy
- Therapy via Drugs
- Analgesics
- Antidepressants
- Corticosteroids
- Others
- Surgical Sympathectomy
- Intrathecal Drug Pumps
- Spinal Cord Stimulation
By Route of Administration:
- Oral Therapy
- Intravenous Therapy
By Distribution Channel:
- Hospital Pharmacy
- Drug Stores
- Retail Pharmacy
- E-Commerce
By Region:
- North America
- Latin America
- Europe Complex
- Asia Pacific
- The Middle East and Africa
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