Fibromyalgia Treatment Market : Global Share, Size, Growth, Trends & Outlook ( 2023 – 2032 )
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- Status : Published
- Published on: Feb 2023
- Report ID: KDMI-7198
- Available Format: PDF/Excel/DOC
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Fibromyalgia & Treatment Algorithm Insights:
Chronic fibromyalgia is characterized by widespread musculoskeletal pain, fatigue, and tenderness in specific body regions. Irritable bowel syndrome, sleep problems, cognitive issues, headaches, and other symptoms are possible. Although the precise explanation for fibromyalgia is unknown, it's thought to involve a mixture of psychological, environmental, and genetic factors. Some researchers think that the brain and nervous system's abnormal processing of pain signals could also be linked to fibromyalgia. Fibromyalgia can't be cured, but several treatment options can help alleviate symptoms and enhance the standard of life. Exercise, medication, cognitive-behavioral therapy, acupuncture, massage, and good sleep hygiene are all samples of these. It is important to collaborate with a medical professional to make a customized treatment plan that takes unique symptoms and requirements under consideration.
Treatments Available for Fibromyalgia
- Acupuncture: A method of traditional Chinese medicine that will help alleviate pain relief and improve sleep by the insertion of thin needles into specific body points.
- Exercise: Performing low-impact aerobics, strength training, and stretching regularly can help alleviate pain relief and enhance flexibility and strength.
- Hygiene sleeps at night: Sleep hygiene can aid in pain relief and overall wellness. Avoiding alcohol and caffeine, developing a daily sleep schedule, and creating a soothing sleeping environment are some helpful hints for better sleep.
- Massage therapy: Massage therapy can help ease stiffness and pain by easing muscle tension and increasing blood flow.
- Medications: Painkillers, antidepressants, anticonvulsants, and muscle relaxants are some of the medications that can be used to treat the symptoms of fibromyalgia-like pain, anxiety, and depression.
- Therapy based on cognitive behavior (CBT): The goal of this type of therapy is to vary negative thoughts and actions that cause pain and disability. CBT can assist in enhancing coping abilities and lowering levels of stress and anxiety.
Fibromyalgia Treatment Emerging Drugs
Several emerging drugs for the treatment of fibromyalgia are currently being developed or in clinical trials. These include:
- Milnacipran: It is a serotonin and norepinephrine reuptake inhibitor (SNRI), that reduces pain and improves physical function in fibromyalgia patients.
- Tapentadol: This drug is a centrally-acting pain medication that has been shown to reduce pain and improve physical function in fibromyalgia patients.
- TC-5214: It has been demonstrated that this medication, a norepinephrine reuptake inhibitor (NRI), reduces pain and enhances physical function in fibromyalgia patients.
- GLPG1972: This medication is a selective inhibitor of the enzyme P2X3, which could be used to treat fibromyalgia.
- GSK2831781: For the treatment of fibromyalgia, this alpha-delta sleep agent is the subject of a clinical trial.
Fibromyalgia Treatment Market
A variety of pharmaceutical and non-pharmaceutical treatments and products for managing fibromyalgia symptoms make up the fibromyalgia treatment market. Nonsteroidal anti-inflammatory drugs (NSAIDs), opioids, and muscle relaxants are among the most frequently prescribed treatments for fibromyalgia. Medication, physical, occupational, and complementary and alternative therapies are all examples of this.
The fibromyalgia treatment market worldwide was valued at approximately $2.5 billion in 2022 and is anticipated to expand at a CAGR of 9.5% between 2023 and 2032. The treatment market is expected to reach a worth of $6.1 billion by 2032. Driven by the rising incidence of fibromyalgia worldwide, it is anticipated that the global market for fibromyalgia treatment will expand over the next few years. In addition, the market expansion is likely to be further stimulated by the development of new and more efficient fibromyalgia treatments.
Fibromyalgia Treatment Market Driving Factors:
The rapidly growing treatment market for Fibromyalgia is driven by several key factors including:
- Heightened awareness about fibromyalgia: Diagnoses and coverings for fibromyalgia are rising as a result of increased awareness of the condition and its symptoms.
- Increase in healthcare costs: The fibromyalgia treatment market is expanding thanks to rising healthcare costs.
- Increasing population age: Fibromyalgia is becoming more common among the elderly, which is predicted to fuel the market's expansion.
- Initiatives supported by the government: The expansion of the market is being fuelled by government initiatives and support for research and development within the field of fibromyalgia.
- Innovations in technology: Newer, more efficient fibromyalgia treatment options have emerged as a result of technological advancements.
- Pharmaceutical R&D expenditures: The fibromyalgia treatment market is expanding due to an increase in pharmaceutical R&D spending. The amount of medicine approved by the FDA for this condition is additionally expected to extend.
- The incidence of fibromyalgia is rising: Fibromyalgia is becoming more common everywhere on the planet, which is driving the demand for effective treatment options.
Fibromyalgia Treatment Market Segmentation:
The Fibromyalgia Treatment market can be segmented based on the followings:
- Distribution channel: Hospitals, Clinics, Online pharmacies
- End User: Hospitals, Clinics, Homecare
- Indication: Pain management, Fatigue management, Sleep-disorder management
- Medications: Antidepressants, Analgesics, Anticonvulsants
- Route of Administration: Oral, Injectable, Transdermal
- Treatment type: Medications, Physical therapy, Occupational therapy, Complementary & Alternative therapies
- Type of Diagnosis: Primary, Secondary
- Type of Patient: Adult, Pediatric
- Geography: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Fibromyalgia Treatment Market Regional Synopsis:
North America is predicted to dominate the worldwide fibromyalgia treatment market thanks to the high prevalence of the disease in this region, and also because of the presence of well-established healthcare infrastructure and favorable government initiatives. The market was valued at $1.5 billion in 2022 and is projected to succeed at $3.2 billion by 2032, growing at a CAGR of 7.8% during the forecast period (2023-2032). The USA accounted for the bulk of the North American fibromyalgia treatment market share in 2022, followed by Canada.
Europe is predicted to be one of the main contributors to the worldwide fibromyalgia treatment market thanks to the high prevalence of the disease in this region and the presence of a well-established healthcare system. The market was valued at $1.1 billion in 2022 and is projected to succeed at $2.1 billion by 2032, growing at a CAGR of 6.6% during the forecast period (2023-2032). The UK accounted for the most important share of the Europe fibromyalgia treatment market in 2022, followed by Germany and France.
The Asia Pacific region is predicted to witness significant growth within the fibromyalgia treatment market thanks to the increasing prevalence of fibromyalgia, raising awareness about the disease, and the growing healthcare expenditure within the region. The Asia Pacific fibromyalgia treatment market was valued at $0.4 billion in 2022 and is projected to succeed at $0.9 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2023-2032). Japan accounted for the most important share of the Asia-Pacific fibromyalgia treatment market in 2022, followed by China and India.
The Latin American fibromyalgia treatment market is predicted to witness moderate growth thanks to the increasing prevalence of fibromyalgia within the region and therefore the growing healthcare expenditure. The market was valued at $0.3 billion in 2022 and is projected to succeed at $0.6 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2023-2032). Brazil accounted for the most important share of the Latin American fibromyalgia treatment market in 2022, followed by Mexico and Argentina.
The Middle East & Africa’s fibromyalgia treatment market is expected to witness moderate growth due to the increasing prevalence of fibromyalgia in the region and the growing healthcare expenditure. The Middle East & Africa fibromyalgia treatment market was valued at $0.2 billion in 2022 and is projected to succeed in $0.4 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2023-2032). Saudi Arabia accounted for the largest share of the Middle East & Africa fibromyalgia treatment market in 2022, followed by the United Arab Emirates and South Africa.
Japan Fibromyalgia Treatment Market Regional Synopsis
The Japan fibromyalgia treatment market is predicted to witness significant growth thanks to the increasing prevalence of fibromyalgia within the country and the availability of varied treatment options. The Japan fibromyalgia treatment market was valued at $0.2 billion in 2022 and is projected to succeed at $0.4 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2023-2032). Japan accounted for the most important share of the Asia Pacific fibromyalgia treatment market in 2022. The prevalence of fibromyalgia in Japan is estimated to be around 1.7% of the population, and therefore the availability of varied treatment options like medications and physiotherapy is predicted to drive the expansion of the fibromyalgia treatment market during this region.
Fibromyalgia Treatment Market Challenges:
There are several challenges facing the fibromyalgia treatment market including:
- Clinical disagreement: As a result of the shortage of clinical agreement regarding the diagnosis and treatment of fibromyalgia, both healthcare providers and patients may become perplexed.
- Drug side effects: Patients could also be discouraged from continuing their treatment for fibromyalgia due to the side effects of the many medications.
- Inability to accurately diagnose the condition: Fibromyalgia is usually misdiagnosed or not diagnosed thanks to a scarcity of specific diagnostic criteria and tools that will prevent patients from receiving the required treatment.
- Inadequate awareness of the condition: Because fibromyalgia may be a complex disorder with no known cause, effective treatment options are difficult to develop.
- Limited options for treatment: Fibromyalgia can only be treated with a limited number of options, and lots of these options don't work for all patients.
- No FDA-approved drug: There are currently no approved drugs for fibromyalgia from the FDA, which restricts patients' treatment options.
- Reimbursement restrictions: Patients may find it difficult to buy the treatment thanks to a scarcity of reimbursement options.
- Treatment costs a lot: For several patients, the high cost of fibromyalgia treatment is often a barrier.
Fibromyalgia Treatment Market Key Global Players:
Fibromyalgia treatment products are the focus of these businesses' research and development, manufacturing, and marketing efforts. They offer a wide range of goods and services and have a substantial market presence. The market for fibromyalgia treatment includes several significant players, including:
- Pfizer Inc.
- Eli Lilly and Company
- GlaxoSmithKline plc.
- Merck & Co., Inc.
- Novartis AG
- Johnson & Johnson
- AbbVie Inc.
- Bristol-Myers Squibb Company
- Astellas Pharma Inc.
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