GBI Research, the leading business intelligence provider, has released its latest research, “Pain Management Therapeutics Market to 2017 – Price Competition to Intensify Following Patent Expiries of Lyrica and Cymbalta”, which provides insights into the global pain management therapeutics market and market forecasts until 2017.
The report provides an in-depth analysis of the top eight therapeutic indications for which pain management medications are prescribed, including fibromyalgia, neuropathic pain, migraine, cancer pain, osteoarthritis pain, rheumatoid arthritis pain, low back pain and post-operative pain. The report also examines the global pain management treatment usage patterns for the covered indications. In addition, the report also includes insights into the pain management R&D pipeline.
The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GBI Research’s team of industry experts.
Global Pain Management Therapeutics Market to Witnesses Moderate Growth as Generic Share Continues to Rise
Pain Management Therapeutics Market, Global, Revenue Forecasts ($bn), 2002–2017
The research and development (R&D) pipeline for pain management is moderately healthy due to the presence of about 282 programs. These programs study drug candidates for the treatment of neuropathic pain and pain associated with fibromyalgia, cancer, migraine and osteoarthritis, rheumatoid arthritis, low back pain and post-operative pain.
Nevertheless, the products in the pipeline do not look promising and may not provide better efficacy and safety levels compared to the drugs currently in the market. The pipeline is a mix of first-in-class and me-too products. The success of the first-in-class products will determine the future prospects for the industry. The high level of R&D activity indicates that the pain management market has potential for growth.
Lyrica (pregabalin) is the branded anticonvulsant product of Pfizer. Lyrica is indicated for the treatment of epilepsy, fibromyalgia and neuropathic pain. Lyrica, along with Neurontin (gabapentin), is the first line of therapy for the treatment of neuropathic pain, especially when tricyclic antidepressants are contraindicated. Lyrica is the only anticonvulsant which has been approved for the treatment of fibromyalgia. Lyrica generated revenue of $2.6 billion and $2.8 billion for Pfizer in 2008 and 2009 respectively. Eli Lilly’s Cymbalta is another major drug approved for fibromyalgia, chronic osteoarthritis pain and chronic low back pain. Cymbalta registered revenue of $2.6 billion and $3 billion in 2008 and 2009 respectively.
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