Pain Management Therapeutics Market to 2019 - Impact of Patent Expiries Offset by Demand for Neuropathic and Rheumatoid Pain Medications and Strong Pipeline
By GBI Research
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Pain Management Therapeutics Market to 2019 By GBI Research
1. Pain Management Therapeutics Market to 2019 - Impact of
Patent Expiries Offset by Demand for Neuropathic and
Rheumatoid Pain Medications and Strong Pipeline
GBI Research
Report Highlight
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3. Summary
GBI Research’s report “Pain Management Therapeutics Market to 2019 - Impact of Patent Expiries Offset by
Demand for Neuropathic and Rheumatoid Pain Medications and Strong Pipeline“ provides insights and analysis
into the market. Pain is a widespread problem across the world. More than 25% of the total population suffers
from some clinically significant pain in a year. Since pain considerably affects day-to-day activities in life, its
management presents a considerable challenge for physicians. Inadequate pain control remains a major
problem across the world. There is an urgent and unmet need to manage these pain-related problems
accurately. Currently, the management of pain is not efficient due to low diagnosis and prescription rates. In
many cases, such as cancer pain, 50% of the people taking medicines are not satisfied with the results. This is
primarily due to the absence of a perfect pain management solution. Pain management can be most effective
only when the underlying disease conditions are cured. However, there is no treatment that offers absolute
relief for the indications covered in this report. The medications given for these indications are more for
modifying the disease symptoms than offering complete relief from pain. The combination of under-managed
pain, low awareness, and fear of addiction to some classes of pain medication is preventing people suffering
pain from seeking treatment 100% of the time.
Reasons to buy
•Align your product portfolio to the markets with high growth potential.
•Develop market-entry and market expansion strategies by identifying the potential region and therapeutic
segments poised for strong growth.
•Devise a more tailored country strategy through the understanding of key drivers and barriers of the region’s
pain management therapeutics market.
•Develop key strategic initiatives by understanding the key focus areas and top selling pain management
therapeutics molecules of leading companies.
•Accelerate and strengthen your market position by identifying key companies for mergers, acquisitions and
strategic partnerships.
4. View This Report
Rapid Cancer Pain Management Growth to Push Global Revenue to $7 Billion by 2019
The cancer pain management market is expected to be the fastest growing segment within the global pain management
therapeutics market, achieving sales of $7 billion by 2019, according to new analysis from business intelligence firm GBI
Research.
The new report* states that the cancer pain management market will increase at a Compound Annual Growth Rate
(CAGR) of 9.1% from 2012 to 2019, followed closely by the post-operative market boasting an estimated increase of 8%
over the forecast period.
It will also become the second largest segment of the overall pain management market, claiming 15%, while the
neuropathic pain management market will continue to hold the largest share of 16%.
According to GBI Research, the growth of the cancer pain management sector will be driven by the increasing global
prevalence of cancer, with drugs such as Fenota, Nucynta, Remoxy and Abstral leading the market.
The significant growth of this treatment area will help boost the growth of the overall pain management market, which
GBI Research estimates will rise from $36 billion in 2012 to $49 billion in 2019, representing a CAGR of 4.6%.
A healthy pipeline will also contribute to climbing market revenue, with neuropathic pain being the key therapy area of
R&D focus, followed by migraine pain, which currently claims 14% of the pipeline.
Despite this level of activity, the overall pain management market will be prevented from growing any further due to the
challenges posed by generic competition, which is expected to increase over the coming years following a series of patent
expiries for top-selling drugs such as Cymbalta, Lyrica and Celebrex (celecoxib).
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