Fibromyalgia is a chronic pain disorder characterized by widespread musculoskeletal pain, fatigue, and mood and sleep disturbances. The exact cause of fibromyalgia is unknown and there are no diagnostic laboratory or imaging tests for it. Symptoms of fibromyalgia include numbness or tingling, muscle cramps, muscle or joint stiffness and pain or tenderness in areas like the neck, back, shoulders, arms, hips, and legs. Currently available treatment options include pain relievers, antidepressants, muscle relaxants, exercise therapy, sleep aids, lifestyle changes, and complementary therapies. Targeted therapies are being developed to target the specific biological pathways involved in fibromyalgia.
Key Takeaways
Key players operating in the fibromyalgia treatment market are BASF, Syngenta, Bayer CropScience (formerly Monsanto), DowDuPont (now Corteva), FMC Corporation, ADAMA, Agricultural Solutions.
The Fibromyalgia Treatment Market Demand provides several opportunities for owing to increasing fibromyalgia patient pool and rising awareness about the disease. Targeted therapy agents in pipeline are also expected to drive the market during the forecast period.
Advancements are being made in targeted therapies to block specific biochemical pathways involved in fibromyalgia, including serotonin and norepinephrine reuptake inhibition, and cytokine and chemokine modulation. These targeted therapeutic approaches are expected to bring more effective treatment options for fibromyalgia patients.
Market Drivers
Increasing prevalence of fibromyalgia is a major driver for the market. As per estimates, fibromyalgia affects about 2-8% of the general population worldwide. Rising awareness regarding the disease diagnosis and available treatment options is leading to more patients seeking medical help. This is expected to significantly increase the demand for fibromyalgia drugs over the forecast period.
Current challenges in Fibromyalgia Treatment Market:
Fibromyalgia is a chronic condition characterized by widespread musculoskeletal pain accompanied by fatigue, sleep, memory and mood issues. The exact cause of fibromyalgia is unknown and there is no cure available. Doctors usually diagnose fibromyalgia based on a person's medical history and physical symptoms. Research to better understand the biopsychosocial causes of fibromyalgia still continues. Lack of disease awareness and physician education are the major challenges. Many people suffering from fibromyalgia often face delays in diagnosis or are misdiagnosed with other conditions in the initial stages. The treatment approach is also primarily focused on managing the symptoms rather than finding a cure. High costs associated with chronic pain treatments and medications further add to the challenges of patients and healthcare systems. Development of new mechanism based targeted therapies is the need of the hour to overcome these challenges in fibromyalgia treatment market.
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