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Fibromyalgia Treatment Market Growth Accelerated by Innovative Therapies

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Fibromyalgia Treatment Market Growth Accelerated by Innovative Therapies

Fibromyalgia treatment aims to manage its common symptoms like chronic muscle pain, fatigue, cognitive difficulties, and sleep issues. Medications like antidepressants, pain relievers, and nerve pain medications are often prescribed. Other therapies include lifestyle changes, stress management techniques, exercise therapy, and cognitive behavioral therapy.

The global Fibromyalgia Treatment Market is estimated to be valued at US$ 1546.59 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing awareness about fibromyalgia and availability of innovative treatment therapies are expected to drive the market growth over the forecast period. Therapies like neuromodulation and neurological repositioning of existing drugs are gaining traction in fibromyalgia treatment. Neuromodulation involves using devices like transcutaneous electrical nerve stimulation (TENS) and spinal cord stimulators to interfere with pain signals. Similarly, some epilepsy and migraine drugs are being examined for repurposing in fibromyalgia. With growing research innovations, improved treatment options are becoming available to manage this complex condition, thus fueling the market expansion.

Segment Analysis

The global fibromyalgia treatment market is segmented on the basis of treatment, route of administration, distribution channel and end user. Based on treatment, the market is bifurcated into drugs and devices. The drugs segment is further segmented into antidepressants, anti-seizure, muscle relaxants and others. Antidepressants are further divided into tricyclic antidepressants, serotonin–norepinephrine reuptake inhibitors and others. Based on route of administration, the fibromyalgia treatment market is categorized into oral, parenteral and topical. On the basis of distribution channel, the market is divided into hospital pharmacies, retail pharmacies and online pharmacies. Based on end user, the market is classified into hospitals, clinics and homecare. The drugs segment is expected to dominate the market owing to increasing demand for drugs to manage fibromyalgia symptoms like pain and fatigue.

Key Takeaways

Global Fibromyalgia Treatment Market Size is expected to witness high growth over the forecast period.

Regional analysis: The North America region is expected to dominate the global fibromyalgia treatment market during the forecast period. This is mainly attributed to the high prevalence of fibromyalgia in this region coupled with increasing awareness about fibromyalgia treatment options.

Key players operating in the fibromyalgia treatment market are BASF, Syngenta, Bayer CropScience (formerly Monsanto), DowDuPont (now Corteva), FMC Corporation, ADAMA and Agricultural Solutions


Get More Insights on this Topic- https://www.rapidwebwire.com/fibromyalgia-treatment-market-demand-size-and-share-analysis/ 

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