The Fibromyalgia market research report highlights the ongoing patterns, state-of-the-art techniques, market estimates, and market piece for the estimate time frame will upgrade the fundamental specialist procedure of the business. The report overviews that incorporate sub-factors like imperatives, drivers, dangers, openings, speculation openings, difficulties, and suggestions. This report clarifies valuing procedures, topographical information, key philosophies, and competitive organization analysis, advancement plans, and distinctive financials frameworks of Fibromyalgia market. Various items accessible in the market are followed regarding the matter of creation volume, income, marketing structure, and request and supply figures.
The information utilized in the Fibromyalgia report is taken from dependable sources, for example, diaries, sites, and yearly reports of the organizations, which were inspected and approved by the business specialists. The sellers accessible in the market contend fixated on value, quality, brand, item separation, and product portfolio. The merchants can progressively accentuate product improvements by referring to this report. The Fibromyalgia report gives a point by point investigation of the changing aggressive scene that keeps the reader in front of the contenders. The data is portrayed through different tables, graphs and pie-charts.
Data Bridge Market Research analyses a growth rate in the global fibromyalgia market in the forecast period 2022-2029. The expected CAGR of global fibromyalgia market is tend to be around 7% in the mentioned forecast period. The market was valued at USD 2.1 billion in 2021, and it would grow upto USD 3.61 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The global fibromyalgia market is expected to witness significant growth during the forecast period. Emerging markets and huge investment in research and development are the factors responsible for the growth of this market. The growth of global fibromyalgia market enhanced by the growing cases of fibromyalgia and rise in research and development activities conducted by many pharmaceuticals’ companies. According to the European Network of Fibromyalgia Associations (ENFA), approximately 14 million people are affected in Europe with this disease and around 400 million globally. COVID-19 also had a major impact on the market growth.
Key Growth Drivers:
- Increased Incidence of Fibromyalgia
Increasing prevalence of fibromyalgia are expected to boost the market growth over the forecast period 2022-2029. Fibromyalgia affects an approximately 10 million people in the U.S., with an average prevalence of 3%-6% globally. It is more prevalent in women, with 75%-90% of the total fibromyalgia patients. There is an estimated prevalence of 5.4% fibromyalgia cases which rounds off to approximately 1 in every 20 people.
- Rising Demand for Oral Drugs
Oral drugs is expected to boost the market growth. The segment is expected to accelerate the global market as most products are available in capsule and tablet form and it is a very feasible route of administration.
The report outlines the involvement of key players, including:
Pfizer Inc (U.S.), AstraZeneca (U.K.), Johnson and Johnson services Inc (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Janssen Pharmaceuticals, Inc. (Belgium), Sanofi (France), Merck & Co., Inc (U.S.), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd (Israel), Bristol Myers Squibb Company (U.S.) GlaxoSmithKline Plc. (U.S.), Bayer AG (U.S.), Perrigo Company plc (Ireland), Sun Pharmaceutical Industries Ltd. (India), Cipher Pharmaceuticals Inc. (U.S.), Novartis AG (Switzerland), Eli Lilly & Company (U.S.), and Aurobindo Pharma (India)
Key Market Segmentation
By Diagnosis (Blood Tests, Others), Treatment (Medication, Therapy, Others), Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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