Indian Pain Treatment Market size stood at USD XX Billion in 2019 and is projected to reach USD XX Billion by 2028, exhibiting a CAGR of XX% during the forecast period
In India, there is huge chronic burden in India by the prevalence rate of 19.3%, which translates into 180–200 million adults having CP. Prevalence of chronic back pain is the highest (24.84%), followed by body pain (22.98%), Knee (16.77%), Chest (13.97%), Upper limb (10.87%). Other pains has prevalence of less than 10%. The chronic pain treatment industry is booming due to the increasing government support for chronic pain treatment, growing geriatric population, and rising prevalence of chronic health conditions. The factors such as low awareness regarding the availability and use of pain management device, shortage of pain specialists, low number of pain clinics in several countries, existence of a gap in prevalence and treatment of chronic pain, and high procedural and purchase cost of pain management device are restraining the growth of the Indian market.
The increasing prevalence of chronic diseases is a major healthcare burden in India. Cancer, neurological disorders, and orthopaedic diseases are some of the chronic diseases which cause long-lasting pain, elderly people are more vulnerable to chronic diseases, and governments are raising awareness on advanced pain treatment products and offering funding in this regard, which is helping in strengthening the industry. One of the key advancements in this sector is the advent of the wearable technology for the treatment of chronic pain in old, as well as young patients. This technology is proving to be of great help for working people suffering from chronic illnesses.