Sciatica Treatment Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Type (Acute Sciatica, Chronic Sciatica, Others); Therapy (Physical Therapy, Chiropractic Therapy, Stimulation Devices, Others); Treatment (Medication, Surgery); Drugs (Anesthetics, Pain killers, Muscle relaxants, Antidepressants, Steroids, Others); End-User (Hospitals, Homecare, Specialty Clinics, Others); and Region/Country
The sciatica treatment market is expected to register a CAGR of approx. 8% over the period of 2022-2028. Sciatica is a lower back pain that originates in the sciatic nerve and travels down one or both legs. The sciatic nerve is the largest in the human body. The sciatic nerve begins at the lumbar spinal cord nerve origins in the lower back and travels through the buttocks to direct nerve terminals below the lower limb. The disease develops when a bone spur on the spine compresses a nerve. This causes stiffness and pain in the surrounding area. The most common symptom of sciatica is mild to severe pain that runs from the lower back to the buttocks. Furthermore, the patient may experience a burning sensation, which can sometimes feel like a jolt. The growing demand for sciatica treatment can be attributed to the increasing incidence of sciatica patients suffering from back pain-related problems. Increasing healthcare demands coupled with robust investments in research and development of advanced medication for the treatment of sciatica patients to provide instant pain relief is boosting the market growth. For instance, In March 2022, Scilex Holding Company, a majority-owned subsidiary of Sorrento Therapeutics, Inc., announced final results for SP-102 (SEMDEXA) efficacy and safety from its pivotal Phase III clinical trial program for Sciatica pain management. SP-102 (SEMDEXA) demonstrated pain relief that continued through 12 weeks. Owing to the glaring statistics rise in the number of people suffering from back pain due to compression in nerves need instance pain management for which new innovations and clinical trials are going across the globe are leading to the growing demand for sciatica treatment and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the sciatica treatment market is anticipated to grow on account of the increasing injury, infections in or around the lumbar spine, internal bleeding, muscle, tumors, and irritation of the nerve from adjacent bone which cause irritation in the sciatica nerve. However, some of the restraints in the market including the complications in sciatic surgery such as the risk of bleeding, infections, etc. are impeding the growth of this market all over the world.
Endo Pharmaceuticals Inc, AstraZeneca, Novartis AG, Teva Pharmaceutical Industries Ltd, Johnson & Johnson Services Inc, Omega Laser Systems Ltd., Pfizer Inc, Sanofi, Aurobindo Pharmaceutical, Glenmark Pharmaceutical Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, the acute sciatica category accounted for the majority share in the market in 2020”
Based on the type, the sciatica treatment market is segmented into acute sciatica, chronic sciatica, and others. The acute sciatica segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Acute sciatica occurs for a shorter duration of time due to compression in the sciatica nerve compression. It generally occurs in the young generation or working population. It lasts for 3 to 4 week and recovers without surgery.
“Among therapy, the physical therapy category is expected to witness considerable CAGR during the forecast period”
Based on therapy, the market is fragmented into physical therapy, chiropractic therapy, stimulation devices, and others. the physical therapy segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. It incorporates a combination of strengthening, stretching, and aerobic conditioning and is a central component of almost any sciatica treatment plan. Physical therapy stretches tight and inflexible muscles, such as hamstrings, and encourages the exchange of fluids and nutrients in the body through light aerobic exercises such as walking, swimming, or pool therapy which help the compressed nerve to get better and pain-free.
Among treatment, the medication category is expected to witness considerable CAGR during the forecast period”
Based on treatment, the market is fragmented into medication and surgery. the medication segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Medication helps in maximum cases of sciatica for recovering fast and they are safer than surgery. They are generally used in acute sciatica for recovering fast.
Among drugs, the pain killer’s category is expected to witness considerable CAGR during the forecast period”
Based on the drug, the market is fragmented into anesthetics, painkillers, muscle relaxants, antidepressants, steroids, and others. the pain killers segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Painkillers are usually taken in order to obtain pain relief and allow the patient to participate in physical therapy. Painkillers stop the signaling from the affected area to the brain and the patient doesn’t feel pain and continues their exercise and recovers faster than usual.
“Among End-Users, the home care is expected to witness a considerable CAGR during the forecast period”
Based on end-users, the market is bifurcated into hospitals, home care, specialty clinics, and others. The home care segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Home care is the main and important component in this sciatic treatment for patients to get rest from work and relax the lower body for faster recovery.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the sciatica treatment market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the sciatica treatment industry owing to the awareness among the people about the sciatica disease and the availability of advanced medications.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|Currency used in Report
|Research Process of the Sciatica Treatment Market
|Research Methodology of the Sciatica Treatment Market
|IMPACT OF COVID-19 ON THE SCIATICA TREATMENT MARKET
|GLOBAL SCIATICA TREATMENT MARKET REVENUE (USD BN), 2019-2027F
|NORTH AMERICA SCIATICA TREATMENT MARKET
|Rest of North America
|EUROPE SCIATICA TREATMENT MARKET
|Rest of Europe
|ASIA PACIFIC SCIATICA TREATMENT MARKET
|Rest of Asia-Pacific
|REST OF THE WORLD SCIATICA TREATMENT MARKET
|SCIATICA TREATMENT MARKET OPPORTUNITIES
|SCIATICA TREATMENT MARKET TRENDS & INSIGHTS
|Demand Side Analysis
|Supply Side Analysis
|VALUE CHAIN ANALYSIS
|Porter’s Five forces analysis
|Endo Pharmaceuticals Inc
|Teva Pharmaceutical Industries Ltd
|Johnson & Johnson Services Inc
|Omega Laser Systems Ltd.
|Glenmark Pharmaceutical Ltd.
Research Methodology for the Global Sciatica Treatment Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global sciatica treatment market were the three major steps undertaken to create and analyze the adoption of sciatica treatment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sciatica treatment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sciatica treatment market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sciatica treatment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the type, therapy, treatment, drugs, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sciatica treatment market. Further, we conducted factor analysis using dependent and independent variables such as a rise in the prevalence of back-bone-related problems globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sciatica treatment market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global sciatica treatment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the sciatica treatment market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global sciatica treatment market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global sciatica treatment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, therapy, treatment, drugs, and end-users s in the global sciatica treatment market.
The main objective of the Global Sciatica Treatment Market Study
The current & future market trends of the global sciatica treatment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the sciatica treatment market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, therapy, treatment, drugs, and end-users.
- Define and analysis of the regulatory framework for the sciatica treatment market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the sciatica treatment market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the sciatica treatment market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry