The Global Market for Pain Management Drugs and Devices

October 13, 2009

 

Wellesley, Mass. – According to a new technical market research report, The Global Market for Pain Management Drugs and Devices (HLC026C) from BCC Research (www.bccresearch.com), the global market for pain management pharmaceuticals and devices amounted to $19.1 billion in 2008 and is expected to increase to $32.8 billion in 2013. The compound annual growth rate (CAGR) for the 5-year period is projected at 11.5%. 
 
The aging U.S. population is having a major impact on the pain management market as the baby-boom generation reaches the vulnerable state in which chronic diseases are common. Further influencing the growth of the pain management market is that chronic pain conditions are notoriously difficult to diagnose and treat, driving a continual search for new, more effective remedies.
 
The Global Market for Pain Management Drugs and Devicesanticipates that pain management pharmaceuticals will continue to dominate the worldwide pain management market, reaching an estimated $30.2 billion in 2013. Recent advances in technology, however, are helping to drive growth in the pain management device market.
 
SUMMARY FIGURE
WORLDWIDE PAIN MANAGEMENT PHARMACEUTICALS AND DEVICES MARKET AT MANUFACTURERS’ SALES LEVELS, 2006-2013
$ MILLIONS
WORLDWIDE PAIN MANAGEMENT PHARMACEUTICALS AND DEVICES MARKET AT MANUFACTURERS’ SALES LEVELS, 2006-2013
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Source: BCC Research
 
This report addresses acute versus chronic pain, pain treatments, and regulatory issues facing healthcare workers. Detailed information based on product categories, use of products, forecasts, and competitive analyses is provided. Several significant trends continue to influence these markets, including the following:
  • Undertreatment issues
  • Professional issues
  • Managed-care pain issues
  • Trends in new therapies and product pipelines
  • Generic participation
  • Pain research
  • Drug delivery
  • Patent expirations
  • Developments in breakthrough pain
  • New regulatory requirements
  • Demographic trends
  • Incidence and prevalence trends.
The report describes the following areas of research that are bringing us closer to an ideal pain drug:
 
  • Systems and imaging – Using imaging, investigators can now see that pain activates at least three or four key areas of the brain’s cortex Channels – The possibility now exists for developing new classes of drugs, including pain cocktails that would act at the site of channel activity (Continued)
  • Trophic factors – Investigators have observed that an over-accumulation of certain trophic factors in the nerve cells of animals results in heightened pain sensitivity, and that some receptors found on cells respond to trophic factors and interact with each other; these receptors may provide targets for new pain therapies
  • Molecular genetics – The dramatic changes that occur with injury and persistent pain underscore that chronic pain should be considered a disease of the nervous system, not just prolonged acute pain or a symptom of an injury; thus, scientists hope that therapies directed at preventing the long-term changes that occur in the nervous system will prevent the development of chronic pain conditions
  • Neurotransmitters – Using sophisticated imaging technologies, investigators can now visualize what is happening chemically in the spinal cord. From this work, new therapies may emerge that can help reduce or obliterate severe or chronic pain.

One objective of investigators working to develop the future generation of pain medications is to take full advantage of the body’s pain “switching center” by formulating compounds that will prevent pain signals from being amplified or stop them altogether. Blocking or interrupting pain signals, especially when there is no injury or trauma to tissue, is an important goal in the development of pain medications. An increased understanding of the basic mechanisms of pain will have profound implications for the development of future medicines.

The Global Market for Pain Management Drugs and Devices( HLC026C )
Publish Date: Aug 2009    

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