Market Size of Complex Regional Pain Syndrome (CRPS) Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 2.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Complex Regional Pain Syndrome (CRPS) Market Analysis
The complex regional pain syndrome (CRPS) market is expected to register a CAGR of 2.1% over the forecast period.
The complex regional pain syndrome market has been significantly impacted by the COVID-19 pandemic, particularly in its early stages. COVID-19 infection causes peripheral nerve lesions, including small fiber neuropathy. The potentially disabling complication of any peripheral nerve lesion is complex regional pain syndrome (CRPS). For instance, a study report published by PubMed in November 2021, stated that systemic hyperinflammation in severe COVID-19 may contribute to peripheral and central neuronal sensitization, which may increase the risk of developing complex regional pain syndrome (CRPS). As a result of the COVID-19 effect on neuronal sensitization, the demand for drugs used in complex regional pain had witnessed a positive impact. Thus, the impact of COVID-19 on the market was adverse in its initial stages owing to supply chain constraints. However, as the pandemic has subsided, the market is expected to have stable growth during the forecast period of the study.
The major growth drivers of the complex regional pain syndrome market over the forecast period are the rising incidence of complex regional pain syndrome and the growing number of patients suffering from chronic pain. For instance, as per the study published by PubMed in September 2021, the worldwide prevalence of complex regional pain syndrome varies from 5.5 to 26.2 per 100,000 people per year. Also, as per the report published by PubMed in July 2021, the general CRPS incidence rate was 15.83 per 100,000, with 19.5 for type 1 and 12.1 for type 2. Also, the increase in chronic pain among patients influences the market growth. For instance, as per the report published by PubMed in September 2021, the prevalence of pain is 60%, 48% for chronic pain, and 10% for neuropathic pain among chronic kidney disease patients. Thus, with the significantly high incidence rate and increase of chronic pain among patients, the demand for complex regional pain syndrome treatment is expected to increase, which is anticipated to have a positive impact on the growth of the studied market during the forecast period.
Moreover, with increasing product launches the market is expected to experience growth during the forecast period of the study. For instance, in October 2021, PharmaTher Holdings Ltd. received the United States FDA orphan drug designation (ODD) for ketamine in the treatment of complex regional pain syndrome (CRPS), a rare chronic pain and inflammatory condition following an injury to a limb (arm, leg, hand or foot).
Hence, due to the aforementioned factors such as the rising incidence of complex regional pain syndrome, the growing number of patients suffering from chronic pain, and increasing product launches, the market is expected to experience growth over the forecast period of the study. However, a lack of awareness about the target disease in developing countries is expected to restrain the complex regional pain syndrome market during the forecast period.
Complex Regional Pain Syndrome (CRPS) Industry Segmentation
As per the scope of the report, complex regional pain syndrome (CRPS) is a rare debilitating disorder characterized by severe pain affecting one or more limbs. The Complex Regional Pain Syndrome (CRPS) market is segmented by Disease Type (CRPS I, CRPS II, and CRPS-NOS), Therapy Type (Drugs (Analgesics, Antidepressants, and Corticosteroids), Spinal Cord Stimulation, Surgical Sympathectomy, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Disease Type | |
CRPS I | |
CRPS II | |
CRPS-NOS |
By Therapy Type | |||||
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Spinal Cord Stimulation | |||||
Surgical Sympathectomy | |||||
Others |
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Complex Regional Pain Syndrome (CRPS) Market Size Summary
The complex regional pain syndrome (CRPS) market is poised for growth, driven by an increasing incidence of the condition and a rising number of patients experiencing chronic pain. The market has shown resilience despite initial setbacks due to the COVID-19 pandemic, which highlighted the condition's association with peripheral nerve lesions. As the pandemic's impact wanes, the market is expected to stabilize and expand, supported by the demand for effective treatments. The introduction of new products, such as those receiving orphan drug designation and FDA approvals, is anticipated to further propel market growth. However, challenges remain, particularly in developing regions where awareness of CRPS is limited, potentially restraining market expansion.
The spinal cord stimulation segment is expected to experience significant growth, fueled by the increasing adoption of technologically advanced pain management solutions. This segment's expansion is supported by new product approvals and the proven efficacy of spinal cord stimulation in managing refractory pain syndromes. North America is projected to hold a substantial market share, benefiting from high healthcare spending, favorable reimbursement policies, and a robust clinical pipeline. The presence of major players in the market, such as Abbott, Boston Scientific Corporation, and Medtronic, underscores the competitive landscape, with companies focusing on innovation to meet evolving patient needs.
Complex Regional Pain Syndrome (CRPS) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidence of Complex Regional Pain Syndrome
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1.2.2 Increase in Number of Patients Suffering from Chronic Pain
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1.3 Market Restraints
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1.3.1 Lack of Awareness about Target Disease in Developing Countries
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Disease Type
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2.1.1 CRPS I
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2.1.2 CRPS II
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2.1.3 CRPS-NOS
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2.2 By Therapy Type
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2.2.1 Drugs
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2.2.1.1 Analgesics
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2.2.1.2 Antidepressants
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2.2.1.3 Corticosteroids
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2.2.2 Spinal Cord Stimulation
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2.2.3 Surgical Sympathectomy
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Complex Regional Pain Syndrome (CRPS) Market Size FAQs
What is the current Complex Regional Pain Syndrome (CRPS) Market size?
The Complex Regional Pain Syndrome (CRPS) Market is projected to register a CAGR of 2.10% during the forecast period (2024-2029)
Who are the key players in Complex Regional Pain Syndrome (CRPS) Market?
Boston Scientific Corporation, Medtronic, Johnson & Johnson , Abbott and Nevro Corp. are the major companies operating in the Complex Regional Pain Syndrome (CRPS) Market.