Scarcity of Fibromyalgia Antidepressants to drive Research in Fibromyalgia Antidepressants Market

How is the Fibromyalgia Antidepressants Market segregated?

The global fibromyalgia antidepressants market, by drug class, spans Venlafaxine, Duloxetine HCL, Milnacipran HCL, and others. By distribution channel, it’s retail pharmacies, hospital pharmacies, drug stores, and online sales. Out of these, drug stores hold the largest market share and are expected to be taken over by online pharmacies in the forecast period. Persistence Market Research has, with the help of its team of consultants and analysts, given a detailed analysis of the fibromyalgia antidepressants market with future perspectives in its latest market study entitled “Fibromyalgia Antidepressants Market”.

Data Points

Market Insights

Market Value 2020

USD 440.8 Mn

Market Value 2021

USD 466 Mn

CAGR 2021-2031

8.1%

Key Players

  • Pfizer Inc.
  • AbbVie Inc
  • Virios Therapeutics Inc
  • FSD Pharma
  • TONIX Pharmaceuticals Holdings Corp
  • Aptinyx Inc.

 

As of now, there are merely 3 drugs approved to treat fibromyalgia. This fact speaks volumes about the scope of fibromyalgia antidepressants market in the forecast period. Extensive research is being conducted on this part, as stated by persistence Market Research.

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Region-wise Analysis

North America holds the largest market share due to fibromyalgia being more prevalent all across the US along with higher rate of diagnosis. As per the American Chronic Pain Association, close to 2-4% of the Americans suffer from fibromyalgia. Plus, competitors are emphasizing on launching novel drugs in North America. Europe is expected to grow due to European Commission witnessing a major overhaul in the healthcare spending.

The Asia-Pacific is expected to grow at the fastest rate in the fibromyalgia antidepressants market due to improvement in healthcare infrastructure. Persistence Market Research has entailed these facts with subsequent courses of action in its latest market study entitled “Fibromyalgia Antidepressants Market”.

Competitive Landscape

Persistence Market Research has entlisted the key players in fibromyalgia antidepressants market as

  • Pfizer, Inc.
  • Eli Lilly and Company.
  • AbbVie, Inc
  • TONIX Pharmaceuticals Holdings Corp
  • Virios Therapeutics, Inc.
  • Aptinyx Inc.

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fibromyalgia-antidepressants-market

Persistence Market research has also mentioned about the latest developments on this count. For instance – TONIX Pharmaceuticals, in December 2020, did achieve positive results from phase 3 trials for TNX – 102 for treating fibromyalgia. Teva Pharmaceutical Industries Ltd., in June 2020, did announce that it would be presenting new-fangled data pertaining to AJOVY injection open-label study for fibromyalgia and migraine. Later, i.e. in May 2021, Eli Lily’s Tanezumab was approved by the US FDA to manage pain regarding arthritis. Pfizer, Inc., in June 2019, did ink an agreement for combining Mylan and Upjohn and creating a new-fangled pharmaceutical company called “Viatris”. The combination is bound to drive biosimilars, OTC products, generics, and prescription medicines.

What next?

The global fibromyalgia antidepressants market is likely to grow unabatedly in the next 10 years – Persistence Market Research

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