The Fibromyalgia Treatments Market is set to expand in view of increasing fibromyalgia incidences. The launch of innovative & better drugs also propels the industry. Awareness regarding fibromyalgia and reduction in misdiagnosis are likely to bode well for the market during 2016 to 2022 (forecast period). Additionally, better diagnostic criteria, resulting from constant research & developments; and high-quality & stronger treatments should boost market revenues.
Fibromyalgia symptoms include musculoskeletal pain alongside memory & sleep disorders, depression, and headaches. These may be accompanied by anxiety and irritable bowel syndrome. This disease is said to tamper with the brain’s pain sensations. A fibromyalgia patient normally experiences migraine, headaches, and TMJ (temporomandibular joint) disorders. It Is Estimated That The Fibromyalgia Treatment Market Is Expected To Grow At A CAGR Of 17.5% During The Forecast Period Of 2017 To 2023.
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Fibromyalgia can increase with time. Infections, physical trauma, surgery, and psychological issues can also lead to this illness. On the other hand, the main reason behind fibromyalgia is still a mystery. The disease is found more in women than men. With no cure for fibromyalgia, some drugs; such as antidepressants, anticonvulsants, muscle-relaxants, and narcotic analgesics are used to treat it. Also, the burgeoning aged population, being more prone to fibromyalgia, raises industry sales.
Fibromyalgia Treatments Market – Top Vendors
Pfizer, GlaxoSmithKline, AstraZeneca, F. Hoffmann-La Roche AG, Astellas Pharma, Johnson & Johnson Services, Inc., SANOFI, Eli Lilly and Company, Bayer AG, ALLERGAN, Boehringer Ingelheim, AbbVie, Cephalon, Inc., Sunovion Pharms Inc, Jazz Pharmaceuticals, Vertical Pharmaceuticals, ABBOTT, NOVARTIS, and others.
The worldwide fibromyalgia treatments market is split on account of treatments, end-users, and geographies. Treatments consist of anti-depressants, pain-relievers, therapies, anti-seizure drugs, and others. Research centers, clinics, hospitals, laboratories, etc. form the end-users. Geographically, the industry is classified on the basis of Asia Pacific, North America, Europe, and the Middle East & Africa. North America is the biggest market and followed by Europe.
Asia Pacific is projected to grow rapidly in the near future. There are lesser companies with authorized drugs, introducing prospects for several new participants. United States is the largest market, boosting North American and global sales. With North America investing in research & developments and having robust global traction, it occupies the largest shares. Regional medical expenses also contribute to its growth.
Escalating approval of novel drugs will help the fibromyalgia market grow faster across emerging & developed nations during 2016 to 2022. Few of the many eminent players in the worldwide fibromyalgia treatments market comprise Innovative Med Concepts, Eli Lilly, Forest Pharmaceuticals, Tonix Pharmaceuticals, and Theravance Biopharma. The market is hugely competitive, with multiple drugs doing the rounds on the counter. Leading firms emphasize regional expansion & drug developments to gain enhanced foothold.
‘Avacen Medical,’ of late, was rewarded for developing a dry heating instrument for a kind of pain that is widely found in fibromyalgia. The global consulting firm, ‘Frost and Sullivan’ felicitated ‘Avacen’ with an innovation award for making ‘Avacen 100.’ The consultant, based in Mountain View at California, designed the award post the thorough analysis of European fibromyalgia devices.
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‘Frost and Sullivan’ presented the annual award to a firm that adopts ‘high-tech’ products for developing key products. Apart from consultation, it offers business strategies. According to one of the Frost and Sullivan analysts, this disease still remains a hindrance and the key pathology quite misunderstood.
There is a demand for substitute ‘non-invasive’ therapies to reduce pain. ‘Device-based’ treatments are essential, as a ‘placebo-regulated’ clinical examination reported that patients recorded more sleep and moderately less pain & fatigue post electro-stimulation. Avacen indulges in the sales of ‘Avacen 100’ in the U.S. for muscle-relaxation and joint-pain removal.
Table of Content:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
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