The $60.2B pain management therapeutics market continues to expand — 5 things to know

Practice Management

The pain management therapeutics market is expected to continue growing through 2024, a Transparency Market Research report found.

Here are five things to know:

 

1. Last year, the market was valued at $60.2 billion.

 

2. The market is expected to increase at a compound annual growth rate of 3.7 percent from 2016 to 2024.

 

3. By 2024, the market is projected to hit $83 billion.

 

4. In 2015, two leading vendors, Pfizer and Purdue Pharma, had a market share surpassing 50 percent in 2015.

 

5. The growing prevalence of chronic diseases and the rising geriatric population are spurring market growths.

 

More articles on practice management:
St. Mary's Regional Joint Replacement Center celebrates 8th year in business: 3 highlights
20 more things to know about orthopedic bundled payments — September 2016
This surgeon's take on the hot topic sweeping orthopedics right now

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Podcast

Featured Whitepapers