Peripheral Neuropathy Market

By Type;

Chemotherapy Induced Peripheral Neuropathy (CIPN), Idiopathic Peripheral Neuropath, and HIV/AIDS Associated Peripheral Neuropathy

By Treatment;

Pharmacological Therapies –( Pain Relievers, Anti-Seizure Medications, and Antidepressants), and Non-(Pharmacological Therapies – Transcutaneous Electrical Nerve Stimulation, Plasma Exchange, Intravenous Immune Globulin, and Others)

By Diagnosis;

Blood Test, Biopsy, Imaging and Others

By End User;

Hospitals & Clinics, Ambulatory Settings and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn396174849 Published Date: August, 2025 Updated Date: September, 2025

Peripheral Neuropathy Market Overview

Peripheral Neuropathy Market (USD Million)

Peripheral Neuropathy Market was valued at USD 1,439.09 million in the year 2024. The size of this market is expected to increase to USD 1,806.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.3%.


Peripheral Neuropathy Market

*Market size in USD million

CAGR 3.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.3 %
Market Size (2024)USD 1,439.09 Million
Market Size (2031)USD 1,806.30 Million
Market ConcentrationHigh
Report Pages319
1,439.09
2024
1,806.30
2031

Major Players

  • Abbott Laboratories
  • Bristol Myers Squibb
  • Novartis
  • Eli Lilly And Company
  • Pfizer Inc
  • GlaxoSmithKline Plc
  • Merck And Co. Inc.
  • Cipla Limited

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Peripheral Neuropathy Market

Fragmented - Highly competitive market without dominant players


The Peripheral Neuropathy Market is expanding rapidly as cases of nerve-related disorders linked to diabetes, cancer treatments, and autoimmune conditions continue to rise. Nearly 30% of individuals with diabetes develop peripheral neuropathy, underscoring the urgent need for effective treatment solutions. Greater awareness and early intervention efforts are further driving the demand for specialized therapies.

Increasing Demand for Pharmacological Treatments
Close to 45% of patients with peripheral neuropathy depend on pharmacological treatments such as anticonvulsants, antidepressants, and pain-relief drugs. These medications are crucial for reducing symptoms, restoring daily functionality, and slowing disease advancement. The growing reliance on drug-based therapies reinforces their dominant role in the Peripheral Neuropathy Market.

Advancements in Non-Pharmacological Therapies
Approximately 25% of patients are turning to non-drug-based approaches, including neuromodulation, physiotherapy, and integrative medicine. These therapies provide long-term relief, minimize dependence on traditional medications, and improve patient satisfaction. The rising use of combined treatment strategies is diversifying the therapeutic landscape of the market.

Role of Technological Innovations
Around 35% of recent innovations in the market focus on advanced devices designed for better diagnosis and targeted treatment. Tools like peripheral nerve stimulators and wearable monitors are enhancing precision and boosting overall treatment efficiency. This wave of technological development is accelerating the transformation of the Peripheral Neuropathy Market.

Supportive Healthcare Initiatives
More than 40% of healthcare initiatives for chronic disease management now include neuropathy-focused programs. These initiatives emphasize patient awareness, education, and timely access to therapies, making advanced treatments more accessible. With strong healthcare support and growing awareness, the Peripheral Neuropathy Market is positioned for robust growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Treatment
    3. Market Snapshot, By Diagnosis
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Peripheral Neuropathy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Technological Advancements in Diagnostics
        3. Rising Awareness and Education
      2. Restraints
        1. Limited Treatment Options
        2. High Treatment Costs
        3. Regulatory Hurdles
      3. Opporunities
        1. Focus on Personalized Medicine
        2. Emerging Markets
        3. Research and Development
    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. Peripheral Neuropathy Market, By Type, 2021 - 2031 (USD Million)
      1. Chemotherapy
      2. Induced Peripheral Neuropathy (CIPN)
      3. Idiopathic Peripheral Neuropathy
      4. HIV/AIDS Associated Peripheral Neuropathy
    2. Peripheral Neuropathy Market, By Treatment, 2021 - 2031 (USD Million)
      1. Pharmacological Therapies
        1. Pain Relievers
        2. Anti-Seizure Medications & Antidepressants
      2. Non-Pharmacological Therapies
        1. Transcutaneous Electrical Nerve Stimulation & Plasma Exchange
        2. Intravenous Immune Globulin
      3. Others.
    3. Peripheral Neuropathy Market, By Diagnosis, 2021 - 2031 (USD Million)
      1. Blood Test
      2. Biopsy
      3. Imaging
      4. Others
    4. Peripheral Neuropathy Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals & Clinics
      2. Ambulatory Settings
      3. Others
    5. Peripheral Neuropathy 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. Abbott Laboratories
      2. Bristol Myers Squibb
      3. Novartis
      4. Eli Lilly And Company
      5. Pfizer Inc
      6. GlaxoSmithKline Plc
      7. Merck And Co. Inc.
      8. Cipla Limited
  7. Analyst Views
  8. Future Outlook of the Market