Press release
Pain Management Therapeutics Market 2016: Global Industry Review, Research, Statistics, and Growth to 2022
High prevalence of chronic pain disorders, favorable regulatory framework and effective treatment options are the important drivers inflecting the growth of the market. Despite of these conditions, the pain management therapeutics market is anticipated to witness a decline, globally during the forecast period owing to patent expiration of the major best-seller drugs such as pregabalin and duloxetine by Pfizer and Eli Lilly & Co., respectively. The off patenting of these major brands will encourage generic manufacturers to launch their own versions of these brands. Additionally, lack of novel therapeutics for pain management would be the contributing factor to the falling market. Novel drug delivery systems and generic medicines would be the factors that could boost the growth of this market.
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High prevalence of chronic pain disorders, favorable regulatory framework and effective treatment options are the important drivers inflecting the growth of the market. Despite of these conditions, the pain management therapeutics market is anticipated to witness a decline, globally during the forecast period owing to patent expiration of the major best-seller drugs such as pregabalin and duloxetine by Pfizer and Eli Lilly & Co., respectively. The off patenting of these major brands will encourage generic manufacturers to launch their own versions of these brands. Additionally, lack of novel therapeutics for pain management would be the contributing factor to the falling market. Novel drug delivery systems and generic medicines would be the factors that could boost the growth of this market.
Global Pain Management Therapeutics Market by Drug Class The global pain management therapeutics market is segmented into different categories, namely NSAIDs, Anesthetics, Anticonvulsants, Anti-Migraine Agents, Antidepressants, Opioids and Non-Narcotic Analgesics. Non-steroidal anti-inflammatory drugs are the largest selling in the drug class due to shifting from prescription to over the counter (OTC) drugs such as, aspirin, diclofenac and ibuprofen, which are popular among the masses. Opioids are the second largest market in this segment due to its high efficacy to relieve pain in major chronic conditions where NSAIDs fails to show desired therapeutic response.
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Global Pain Management Therapeutics Market by Indication The global pain management therapeutics market is segmented based on its indication into different categories such as Arthritic Pain, Neuropathic Pain, Cancer Pain, Chronic Back Pain, Post-operative Pain, Migraine and Fibromyalgia. Neuropathic pain and cancer pain dominates the indication segment due to increasing incidences of diabetes and cancer around the globe.
KEY BENEFITS
This report offers the following benefits in particular:
Complete analysis of drivers, restraints and opportunities within global pain management therapeutics market would assist professionals in understanding the market behavior
Detailed analysis of geographic regions focuses on niche market areas and opportunities therein
Porter’s Five Forces Framework would assist strategists in decision making by analyzing the market profitability within global pain management therapeutics market
Comprehensive analysis of key leaders, and their market strategies for global pain management therapeutics market would be informative for professionals in the corporate sector
KEY DELIVERABLES
The global pain management therapeutics market is segmented into two major categories such as technology and geography.
MARKET BY DRUG CLASS
NSAIDs
Anesthetics
Anticonvulsants
Anti-Migraine Agents
Antidepressants
Opioids
Non-Narcotic Analgesics
MARKET BY INDICATION
Arthritic Pain
Neuropathic Pain
Cancer Pain
Chronic Back Pain
Post-operative Pain
Migraine
Fibromyalgia
MARKET BY GEOGRAPHY
North America
Europe
Asia-Pacific
LAMEA
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