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The global musculoskeletal pain treatment market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period
NEW YORK CITY, NY, UNITED STATES, September 14, 2022 /EINPresswire.com/ — The global Musculoskeletal Pain Treatment Market report published by Reports and Data assesses the Musculoskeletal Pain Treatment Market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Musculoskeletal Pain Treatment Market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.
According to RnD, the global Musculoskeletal Pain Treatment Market size is expected to reach USD XX Billion in 2030 from its valuation of USD XX billion in 2020 and register a CAGR of XX% during the forecast period of 2022-2030.
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The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. Combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription have significantly contributed to the revenue growth of the market.
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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register highest market growth over the forecast period attributed to increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.
Major Companies in the Market Include:
Eli Lilly and Company
Teva Pharmaceutical Industries
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