Increasing Prevalence And Incidence Of Chronic Disorder Is Escalating The Growth Of The Fibromyalgia Treatment Market
Fibromyalgia causes widespread fatigue, widespread pain, and various other kinds of discomforts. Symptoms closely resemble those of fibromyalgia, yet fibromyalgia usually affects only the soft tissue, never the joints. The exact cause is still unknown, but possible risk factors include trauma, rheumatoid disease, and various autoimmune diseases, including Lupus and multiple sclerosis. Fibromyalgia is also frequently associated with neurologic disorders and psychiatric diseases. Some of these conditions include depression, psychosis, post-traumatic stress disorder, delusional parasitosis, bulimia, anorexia nervosa, eating disorders, and drug abuse.
The
increasing prevalence of accidents around the globe is leading to chronic pain.
This is creating demand for pain relieving drugs, thereby fueling the growth of
the fibromyalgia treatment market. According to the National Center for Health
Statistics, overall, the prevalence of chronic pain was 20.4%, and the
prevalence of high-impact chronic pain was 7.4% (or 36.4% of adults who had
chronic pain). Chronic pain was highest among women (21.7%), non-Hispanic white
adults (23.6%), and those aged 65 and over (30.8%). Moreover, the growing
prevalence of rheumatic diseases coupled with the increase in the geriatric population
is further anticipated to foster the growth of the fibromyalgia market over the
forecast period.
North
America is expected to gain significant growth over the forecast period and
this is attributed to the high prevalence of the chronic disease in the region.
According to the National Health Council, chronic diseases affect around 133
million Americans, representing more than 40% of the total population of this
country. By 2020, that number is projected to grow to an estimated 157 million,
with 81 million having multiple conditions.
Key Developments:
1. In September 2017, AVACEN Medical
(AVACEN) has partnered with Morulaa HealthTech of Chennai, India, to launch its
U.S. Food and Drug Administration-cleared and CE Marked AVACEN 100, Class II
medical device, in the country for treating the widespread pain associated with
fibromyalgia.
2. In October 2020, Fibro Solution,
a health company founded by award-winning fibromyalgia experts has launched its
Fibro Warriors Program to help people suffering from fibromyalgia get their
lives back without the use of harmful pills or side effects.
3. In December 2020, Tonix
Pharmaceuticals Holding Corp. a clinical-stage biopharmaceutical company
announced that TNX-102 SL (cyclobenzaprine HCl sublingual tablets) met its
pre-specified primary endpoint, significantly reducing daily pain compared to
placebo (p=0.01) in participants with fibromyalgia in the Phase 3 RELIEF study.
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