Neuropathic pain is a condition which involves pain caused due to damage or diseases affecting the nervous system. These conditions may include diseases such as diabetes causing diabetic neuropathy, chemotherapy induced neuropathic pain, and trigeminal neuralgia. Diabetic neuropathy is the damage caused to the nerve due to diabetes, which often leads to pain and numbness in feet or lower legs. The pain can be experienced in other parts of the body such as hips, wrist and back depending upon the effect of neuropathy. There are different types of neuropathy such as focal neuropathy, proximal neuropathy, peripheral neuropathy and autonomic neuropathy. According to data published on Up to Date journal on December 2022, an estimated 50% of diabetic population suffers from diabetic neuropathy across the globe. Further, as per CDC estimates, 6-7 people per 1000 diabetic population suffer from diabetic neuropathy in the U.S.
Market Dynamics
The key market players are focusing on adoption of growth strategies such as research and development activities, clinical trials, acquisitions and launch of newer products, which is attributed to the growth of global neuropathic pain market. For instance, on November 16, 2021, Francesco Bono a university started phase 2 study of BoNT-A for the neurogenic inflammation and neuropathic pain. The drug is under the clinical trial in phase 2, study starts on May 25, 2030 and expected to complete by December 2023.
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