The Fibromyalgia Treatment Market To Witness Transformation Of Technology Into Growth

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Fibromyalgia Treatment Market
Report Id PMRREP32455 Category Life Science
Healthcare
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The Fibromyalgia Treatment Market To Witness
Transformation Of Technology Into Growth

• A strong product pipeline and increasing
  occurrence of fibromyalgia are the major factors
  that are projected to boost demand for
  fibromyalgia treatment over the coming years.
  Fibromyalgia is characterized by musculoskeletal
  pain along with anxiety, depression, headaches,
  irritable bowel syndrome, memory and mood issues,
  sleep disorders, and fatigue. It is accepted that
  fibromyalgia modifies the pain sensation
  mechanism controlled by the brain.
• Key players are concentrating on research
  development activities to present new products in
  the market and provide more treatment options.
  Launch and approval of new fibromyalgia treatment
  drugs are anticipated to aid market expansion in
  the future.
• The global fibromyalgia treatment market is
  estimated to be valued at US 1.2 Bn in 2021 and
  is expected to exhibit a CAGR of around 7 over
  the forecast period (2021 2031).

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Key Takeaways from Market Study

• Under products, anticonvulsants hold the highest
  value in the market, as they help provide relief
  from pain and treat the same for a long term.
• By distribution channel, hospital pharmacies hold
  a notable revenue share of around 46.
• North America accounted for a share of over 40
  in 2020 to become the most lucrative among all
  regions, and is expected to show significant
  growth over the next ten years.
• Europe is the next dominating region with a
  market share of 20 in 2020, due to
  well-developed medical infrastructure largely
  supported by governments in the region.
• Increasing burden of chronic pain, rising
  incidence of traumatic stress and road accidents,
  growing awareness among the population, and
  increasing research development activities are
  all expected to drive market growth, says a
  Persistence Market Research analyst.

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