Dublin, July 22, 2024 (GLOBE NEWSWIRE) — The “Fibromyalgia Therapeutics – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Fibromyalgia Therapeutics is estimated at US$3.1 Billion in 2023 and is projected to reach US$3.8 Billion by 2030, growing at a CAGR of 3.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in fibromyalgia therapeutics is driven by several key factors. Advancements in diagnostic technologies have improved the accuracy and timeliness of fibromyalgia diagnosis, enhancing the application of targeted treatments. The integration of AI and machine learning in healthcare facilitates personalized treatment plans, optimizing therapy outcomes. Wearable health technology that monitors vital health metrics has become instrumental in customizing treatment approaches based on real-time data.
Additionally, increased availability of telemedicine services has expanded access to care, particularly for patients in remote areas, improving adherence to treatment regimens. There is also a notable shift towards non-pharmacological treatments, reflecting a growing patient preference for alternative therapies.
Furthermore, educational initiatives and increased awareness are crucial in promoting early diagnosis and effective management of fibromyalgia. Regulatory support and favorable reimbursement policies also play significant roles in encouraging the adoption of innovative therapies, making treatments more accessible and affordable. Collectively, these factors are shaping a more dynamic, integrated, and patient-centric landscape in fibromyalgia therapeutics.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Antiepileptics Drug Class segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 2.8%. The Antidepressants Drug Class segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $829.3 Million in 2023, and China, forecasted to grow at an impressive 5.0% CAGR to reach $736.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Fibromyalgia Therapeutics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fibromyalgia Therapeutics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Allergan plc, Boehringer Ingelheim GmbH, Daiichi Sankyo Company Limited, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 263 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $3.1 Billion |
| Forecasted Market Value (USD) by 2030 | $3.8 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Fibromyalgia Therapeutics – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Awareness about Chronic Pain Disorders Throws the Spotlight on Fibromyalgia Therapeutics
- Rising Prevalence of Fibromyalgia Propels Growth in Therapeutics Market
- Advances in Pain Management Techniques Drive Adoption of New Therapies
- Expanding Research on Neuropathic Pain Expands Addressable Market Opportunity
- Innovations in Drug Delivery Systems Generate Demand for Advanced Therapeutics
- Increasing Focus on Personalized Medicine Accelerates Demand for Targeted Fibromyalgia Treatments
- Growing Adoption of Complementary and Alternative Medicine (CAM) Sustains Market Growth
- Shifts in Patient Preferences towards Non-Opioid Treatments
- Role of Telemedicine in Managing Fibromyalgia Here’s the Story
- Economic Factors and Healthcare Spending Propel Market Expansion
- Adoption of Digital Health Technologies and Apps Expands Usage of Fibromyalgia Therapies
- Growing Focus on Patient Education and Support Groups Propel Market Demand
- Rising Investment in Biotechnology and Pharmaceuticals Strengthens the Business Case for Fibromyalgia Therapeutics
FOCUS ON SELECT PLAYERS (Total 22 Featured)
- Allergan plc
- Boehringer Ingelheim GmbH
- Daiichi Sankyo Company Limited
- Eli Lilly and Company
- Innovative Med Concepts Inc.
- Pfizer Inc.
- SWITCHBIOTECH LLC
- Zynerba Pharmaceuticals Inc.
For more information about this report visit https://www.researchandmarkets.com/r/goj6gh
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- Global Fibromyalgia Therapeutics Market
