PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1385666
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1385666
The global revenue from the fibromyalgia antidepressants market reached approximately US$ 520 million in 2024, with a projected compound annual growth rate (CAGR) of 9.7%. The market is expected to reach a valuation of approximately US$ 1000 million by the end of 2031.
Research on Cannabinoid Therapy: Ongoing research on the therapeutic potential of modifying the endocannabinoid system for fibromyalgia (FM) treatment is contributing to market growth. The endocannabinoid system plays a role in pain and stress control, and studies are exploring the use of cannabinoid drugs for FM.
Presence of Low-Cost SNRI Drugs: Some drugs, like venlafaxine (an SNRI), have shown potential for FM treatment, and their affordability compared to other options makes them cost-effective alternatives.
Global Guidelines: International guidelines on blood sample collection and storage are improving the accuracy of glucose analysis, benefiting the market.
Alternative Therapies: Alternative therapies, such as acupuncture and neural stimulation, are being explored for FM treatment, which could limit the growth of the antidepressants market.
Invasiveness: The invasiveness of some treatment methods, like blood collection with glucose analysis tubes, may lead patients to seek less invasive alternatives.
Cost of Care: The high cost of care, especially in the case of glucose analysis strips, can deter patients from using antidepressant treatments.
United States: Rigorous R&D activities and regulatory-approved treatment modalities drive market growth in the U.S. Approved drugs for FM treatment include duloxetine, MLN, and PGB, while opioids are not authorized for this purpose. Novel product launches and approvals are expected to further expand the market.
Germany: Established recommendations and guidelines from medical societies contribute to market growth. Popular FM medications in Germany include Pregabalin, Duloxetine, and Amitriptyline, despite their limited efficacy.
China: Fibromyalgia responds well to traditional Chinese medicine, and the country is adopting combination therapy approaches. Increasing research on traditional Chinese medicine's efficacy and growing disease awareness are boosting the market.
The global fibromyalgia antidepressants market features both established and emerging market players investing in research and development for cutting-edge treatments. The pipeline of potential products in clinical studies is substantial, indicating growth potential.