The Fibromyalgia Treatment Market To Witness Transformation Of Technology Into Growth - PowerPoint PPT Presentation

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The Fibromyalgia Treatment Market To Witness Transformation Of Technology Into Growth

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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). – PowerPoint PPT presentation

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Title: 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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