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.


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