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Pain is a major burden of disease and will likely increase as populations around the world grow older and the incidence of obesity increases.
The global market for pain therapies is large and growing, and is expected to be worth $77 billion by 2023 (1). Treatments for osteoarthritis alone will constitute a $10.1 billion market by 2024 (2).
However, pain is notoriously hard to treat and chronic pain pain from diseases such as osteoarthritis, general knee, and back pain even more so. Current treatment options for pain often opioids or surgery mostly treat the symptoms, not the source of the pain.
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