The report also highlights various market drivers, restraints and value chain of the global visceral pain industry. The global visceral pain market share has been provided on the basis of therapeutics and indications.
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By 2025, the global visceral pain market size is estimated to reach USD 15.16 billion driven by rising geriatric population and growing awareness regarding visceral pain. The increasing focus on research and development by major pharmaceutical companies and government initiatives is expected to propel the market growth. For instance, in January 2011, the federal agencies and the United States Department of Health and Human Services announced a PPP (Public Private Partnership) between China and the United States. The initiative is aimed at nurturing cooperation in research, training, and regulations. The initiative is led by major pharmaceutical giants such as Pfizer, Johnson & Johnson, and Abbott Laboratories among others. The initiative is not just limited to R&D of new vaccines and drugs but also aimed at providing global health security.
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Pfizer Inc., Johnson & Johnson Services, Inc., AbbVie Inc., Takeda Pharmaceutical Company Limited, ALLERGAN, AstraZeneca, ADDEX THERAPEUTICS, Astellas Pharma Inc. among other major players are the leading players present within the global visceral pain market.
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