As the technological environment is
swiftly undergoing evolution, companies operating in the
healthcare/science/pharmaceutical/therapeutic industry are now scaling new
heights. Also, the respective sector’s growth is boosted by the rising number
of health related issues emanating from the changing lifestyle and incessantly
evolving surroundings. To address the rising demand for better healthcare
options and the unmet needs within the some of the underlying segments, related
companies are coming up with novel and improved therapies some of which fall
within the bounds of pain management therapeutics.
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Pain management market is one of the
emerging fields within the pharmaceutical industry. Pain is one of the key
associated symptoms in various medical conditions, and can potentially
interpose with one’s quality of life and day-to-day working schedule. Three
major variants of pain include nociceptive, neuropathic and inflammatory, while
the duration can vary from acute to chronic. Furthermore, for placating various
painful conditions different treatment regimes are followed, and the most
commonly used drug classes for alleviating pain include local analgesics,
NSAIDs and opioids.
This report provides a comprehensive
overview of the global market covering various geographic regions. The pain
management realm is intensely competitive with numerous global and domestic
corporations holding the reins of the same. The leading industry players
include Pfizer, Eli Lilly, Novartis and J&J. In addition to the industry
competition, product contention is also intense as numerous innovative, novel
and highly effective therapeutic variants are available in the market.
Furthermore, market dynamics viz., key trends and industry developments, growth
drivers and the challenges faced by the industry are discussed in detail.
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