Pune, India -- (SBWIRE) -- 06/15/2018 -- Post-Operative Pain Management Market – Highlight
Global Post-operative pain management market was expected to grow at a CAGR of 5.4% during forecasted period 2017-2023. Post-operative pain management is a branch of the that deals with the minimizing the pain occur due to tissue injury together with muscle spasm to the patients after surgery. It is the branch of pain management. Global post- operative pain management market is growing steadily due to increasing demand for the pain control drugs and devices. Increasing number of surgeries across the globe and increasing prevalence of different diseases across the globe is the major factor for the growth of the market. Increasing age rises the possibility of the different complication, this increasing aging population is also has a synergistic impact of the growth of the market. According to the Centre for Disease Control and Prevention during last decade due to overdose of the analgesic drugs number of deaths has increased. Analgesic drugs are habit forming drugs and thus side effects of the treatment and habit forming nature of the drugs can hamper the growth of the market.
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According to cancer research UK, in 2012, globally over 14.1 million of new cancer cases were registered. The treatment for the all types of cancer are nearly similar, thus increasing prevalence of cancer has boosted the development of the new treatments.
According to Migraine Research Foundation, (2014), migraine was the 3rd most prevalent illness in the world. Nearly 1 in 4 U.S. households includes someone with migraine. Moreover, 12% of the population including children have migraine problem. 18% of American women, 6% of men, and 10% of children experience migraines. Mostly migraine occurs at the age of 25-55.
Top Vendors:
Teva Pharmaceutical Industries Ltd. (Israel), Eli Lilly Company (U.S), Pfizer (U.S), Johnson & Johnson (U.S), Purdue Pharma (U.S), Endo Pharmaceuticals Plc. (U.S), Forest Laboratories Inc. (U.S), GlaxoSmithKline Plc. (UK), F. Hoffmann-La Roche Ltd. (Switzerland), Baxter International Inc. (US), etc.
Global Post-operative Pain Management Market - Competitive Overview
Many of the top companies are launching new and novel drug treatment to increase their market. Because of side effect and habit forming property of the therapy major players are concentrating on development of better analgesic. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.
Teva Pharmaceutical Industries Ltd. is the Israeli multinational pharmaceutical company working in the development and manufacturing of the drugs. Celecoxib intravenous is the major products of the company. Company has signed a collaborative agreement with Regeneron for the development of fasinumab which is a pain management drug. In first quarter of 2017 company has accounted a revenue of $ 5.6 billion. In 2014, company has acquired Labrys Biologics. This acquisition will help to achieve its goal of becoming a global leader in pain drugs by 2020.
Novartis, one of the leading pharmaceutical companies headquartered in Switzerland. In Nov 2016, company has plan a phase II trial for the NCT02961062 in the treatment of postoperative pain. They have almost completed the trials for the SAF312 in postoperative dental pain patients and company is expecting to launch the product soon. In May 2017, Novartis has sign a deal of $ 293 million with Durect for pain killer Posimir.
Segmentation:
Global post-operative pain management market is segmented on the basis of pain type into acute pain, moderate pain and severe pain. On the basis of product they are segmented into non-steroidal anti-inflammatory drugs (NSAIDs), antiepileptic drugs, COX-2 inhibitors, opioids and other analgesics. On the basis of application they are segmented into cancer pain, arthritic pain, neuropathic pain, musculoskeletal pain, and migraine and other and on the basis of target area they are back, legs, hand and arms and other.
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Global Post-operative Pain Management Market - Regional Analysis
Geographically, America accounts the largest share for global post-operative pain management market owing to increasing number of surgeries and rising burden of chronic diseases has led to the growth of this market in America. Europe is the second largest post-operative pain management market owing to a well-developed healthcare infrastructure, government support for research & development, and huge patient population. Asia Pacific is the fastest growing region for the market due to increasing prevalence of many diseases, increasing aging population and development in healthcare infrastructure in this region has provided fuel for the growth of the market. The Middle East dominates the Middle East & Africa market due to the presence of well developed countries like Kuwait, Qatar, Oman and South Arabia. Whereas, Africa region is expecting a healthy growth due to presence of huge opportunity for the development of the market.
TOC of Post-operative Pain Management Market Research Report - Global forecast to 2023:
1 Introduction
1.1 Definition
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5. Global Post-Operative Pain Management Market, By Pain Type
CONTINUED TOC….
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