As per a report by Transparency Market Research, the global diabetic neuropathy market will likely expand at a 5.4% CAGR between 2017 and 2025 to reach a value of US$5.718 bn by 2024 from US$ 3.6 bn in 2016.

Expensiveness of Therapy Propels North America Market to Dominant Position

Depending upon the type of disorder, the global diabetic neuropathy market can be segmented into peripheral neuropathy, autonomic neuropathy, proximal neuropathy, and focal neuropathy. Among them, peripheral neuropathy accounts for maximum market share. Surpassing other segments by clocking a 5.7% CAGR from 2017 to 2025, the peripheral neuropathy is expected to hold on to its dominant position in the foreseeable future too on the back of high prevalence of diabetic neuropathy.

Based on geography, the key segments of the global diabetic neuropathy market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America, of them, holds a leading share of 34.9% in the market mainly on account of the substantial number of diagnosed patients and the steep cost of therapy in the market. As a result most companies of diabetic neuropathy products are targeting the North America market.

Lifestyle Changes Trigger Market Growth

The most obvious driver of the global diabetic neuropathy market is the rising instances of diabetes caused by changing lifestyles and unhealthy dietary habits and patterns. As per WHO, about 422 were afflicted by diabetes in 2014. Other factors catalyzing growth in the market are the nod to novel drugs by FDA and other regulatory bodies and helpful reimbursement policies. “The FDA approved Nucynta ER for treating neuropathic pain caused by diabetes in 2015. Further, opioid drugs, namely morphine and methadone have also been approved to treat severe pain,” informs the lead analyst of the TMR report.

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Limited Effect of Drugs Crimps Growth

Acting as a hindrance to the global diabetic neuropathy market, on the other hand, is the limited effect of therapies. Explains the lead analyst of the TMR report, “Only a quarter of patients given drugs for neuropathic pain have seen pain relief. In addition, inadequate diagnosis and incorrect understanding or selection of treatment options also serve to decrease the success of neuropathic pain treatment.” Side effects and rising cost of diabetic neuropathy treatment drugs are also serving to restrain the market.

This review is based on the findings of a TMR report, titled, “Diabetic Neuropathy Market (Disorder Type – Peripheral Neuropathy, Autonomic Neuropathy, Proximal Neuropathy, and Focal Neuropathy; Treatment Type – Drugs (Analgesic (Topical, Opioid, and NSAIDs), Antidepressants (TCAs, SNRIs, and SSRIs), and Anticonvulsant Drugs (Gabapentin, Pregabalin, and Topiramate), Radiotherapy (Transcutaneous Electrical Nerve Stimulation (TENS)), and Physiotherapy; Distribution Channel – Hospitals, Clinics, Retail Pharmacy, and Online Pharmacy) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

Global Diabetic Neuropathy Market, by Product

• Peripheral Neuropathy
• Autonomic Neuropathy
• Proximal Neuropathy
• Focal Neuropathy

Global Diabetic Neuropathy Market, by Treatment Type

• Drug
  • Analgesic
    • Topical
      • Capsaicin
      • Others
    • Opioids
      • Morphine
      • Others
    • NSAIDs
      • Ibuprofen
      • Naproxen
      • Others
  • Antidepressant
    • TCAs
      • Amitriptyline
      • Imipramine
      • Others
    • SNRIs
      • Duloxetine
      • Others
    • SSRIs
      • Citalopram
      • Paroxetin
      • Others
  • Anticonvulsants
    • Gabapentin
    • Pregabalin
    • Topimarate
    • Others 
• Other Drugs
  • Radiotherapy
  • TENS
  • Others
  • Physiotherapy

Global Diabetic Neuropathy Market, by Distribution Channel

• Hospitals
• Clinics
• Retail Pharmacy
• Online Pharmacy

Global Diabetic Neuropathy Market, by Geography

• North America
  • US
  • Canada 
• Europe
  • Germany
  • U.K.
  • Russia
  • Italy
  • France
  • Spain
  • Rest of Europe 
• Asia Pacific
  • Japan
  • India
  • China
  • Australia & New Zealand
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• Middle East & Africa
  • GCC countries
  • South Africa
  • Rest of Middle East & Africa

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