Global Neuralgia Treatment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Treatment;

Drug Based - Anticonvulsant Medicines and Tricyclic Antidepressants, Surgery - Radiofrequency Thermal Lesioning, Stereotactic Radiosurgery, Microvascular Decompression, and Others.

By End-Use;

Hospital & Clinics, Ambulatory Surgery Centers, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn543073913 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Neuralgia Treatment Market (USD Million), 2021 - 2031

In the year 2024, the Global Neuralgia Treatment Market was valued at USD 2,399.88 million. The size of this market is expected to increase to USD 3,608.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

Neurostimulation employs implantable medical devices to modulate neural activities for therapeutic purposes, termed neurostimulation. During the SARS-CoV-2 pandemic, government containment measures disrupted neurological activities in outpatient clinics, impacting vulnerable patients like those with Parkinson’s disease or dystonia undergoing Deep Brain Stimulation (DBS), leading to exacerbated motor and psychiatric symptoms. Neurostimulators deliver electrical stimulation to the brain, peripheral nervous system, or spinal cord, aiding in treating various conditions including movement disorders, epilepsy, Parkinson’s disease, chronic pain, and depression.

Companies are introducing innovative products to the market. For example, Neuspera Medical's ultra-miniaturized system, approved by the U.S. FDA in April 2023, offers wireless neurostimulation therapy, enhancing patient experience and enabling deeper anatomical diagnosis. Market growth is fueled by factors such as the growing geriatric population, technological advancements, rising demand for add-on therapies, and the prevalence of chronic diseases like migraine and epilepsy. Additionally, the increasing incidence of neurological and lifestyle-related disorders, coupled with external R&D funding and demand for minimally invasive surgeries, further propels market expansion. According to the American Academy of Neurology, stroke and Alzheimer’s rank among the top causes of death in the U.S.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Treatment
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Region
  4. Global Neuralgia Treatment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Chronic Diseases
        2. Aging Population
        3. Growing Awareness
      2. Restraints
        1. High Cost of Treatments
        2. Limited Treatment Efficacy
        3. Lack of Skilled Professionals
      3. Opportunities
        1. Development of Novel Therapies
        2. Growing Focus on Minimally Invasive Procedures
        3. Rise of Telemedicine
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Neuralgia Treatment Market, By Treatment, 2021 - 2031 (USD Million)
      1. Drug Based
      2. Anticonvulsant Medicines
      3. Tricyclic Antidepressants
      4. Surgery
      5. Stereotactic Radiosurgery
      6. Microvascular Decompression
      7. Others
      8. Radiofrequency Thermal Lesioning
    2. Global Neuralgia Treatment Market, By End-Use, 2021 - 2031 (USD Million)
      1. Hospital & Clinics
      2. Ambulatory Surgery Centers
      3. Others
    3. Global Neuralgia Treatment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GlaxoSmithKline PLC
      2. Pfizer Inc
      3. Novartis AG
      4. Biogen
      5. Cadila Healthcare Limited
      6. Lundbeck Pharmaceuticals LLC
  7. Analyst Views
  8. Future Outlook of the Market