Painful Diabetic Neuropathy Drugs Market Expected to Reach US$ 8,962.0 Mn by 2026

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Painful Diabetic Neuropathy Drugs Market Expected to Reach US$ 8,962.0 Mn by 2026 - Cryptocurrency News

바이로메드가 PDN 유전자 치료제 시장에서 독보적인 존재로서 시장 Report 자료에 나와 있습니다. 

 

미국 시장 기준으로 매년 성장해서 2026년도에는 10조 가까운 시장을 기대하고 있습니다. 

 

임상 성공하면 매출 증가는 걱정하지 않아도 될 것 같습니다. 미국 이외에도 유럽, 중국, 동남 아시아, 중동, 남아메리카, 호주 등 세계 시장은 넓기만 합니다. 

 

 

The latest market report published by Credence Research, Inc. “Painful Diabetic Neuropathy Drugs Market: Growth, Future Prospects, and Competitive Analysis, 2018 -2026” the painful diabetic neuropathy drugs market was valued at US$ 4,811.8 Mn in 2017 and expected to reach US$ 8,962.0 Mn by 2026, expanding at a CAGR of 6.6 % from 2018 to 2026.

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Market Insights

Global painful diabetic neuropathy drugs (PDN) market accounted to a market value of US$ 4,811.8 Mn in 2017 and projected to attain value of US$ 8,962.0 Mn by 2026 at a CAGR of 6.6% during the forecast period. The growth of this market primarily driven by the ever-growing pool of geriatric population with diabetes. The rise in availability of suitable treatment options and the growing awareness on PDN catalyzes the demand for PDN drugs. With only four drugs currently approved for the management of PDN (Lyrica, Cymbalta, Nucynta and Qutenza), there arises a huge opportunity for new and emerging market players with potential pipeline portfolio. Of the marketed products analyzed, Lyrica accounted for a maximum market share in 2017 and will continue similar trend through 2026. The recent approval of Lyrica’s control release formulation in October 2017 further augments its market growth. The PDN drugs market observes a presence of strong pipeline portfolio, which would facilitate the overall growth during the forecast period from 2018 to 2026. ViroMed Co. Ltd.’s VM202 currently in phase III is the only gene therapy developed with disease modifying properties. However, the higher pricing of gene therapy could hamper the growth of VM202 in the near future.

With diabetes being a global concern, PDN drugs market comprises a worldwide outreach. In 2017, North America dominated the market and expected to maintain its position throughout the forecast period. Availability of approved drugs and the presence of extensive diabetic patient pool contributed to the overall market growth. Asia Pacific exhibited fastest CAGR during the forecast period due to the growing awareness of PDN and the rise in healthcare expenditure.

The PDN drugs market involves partnerships and licensing agreements that boosts the overall market growth. These partnerships enable the global expansion of PDN drugs. For instance, Cymbalta, a first line PDN therapy drug originally developed by Eli Lilly & Company in collaboration with Shionogi, Inc. marketed in Japan. Other players with potential product portfolio includes Pfizer, Inc., Grunenthal GmbH, Daiichi-Sankyo Company Limited, ViroMed Co. Ltd., Collegium Pharmaceutical, Inc., Acorda Therapeutics, Inc., Zydus Pharmaceuticals USA, Inc., Mallinckrodt, Inc., and Macleods Pharmaceuticals Ltd.

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Key Market Movements:

• Globally painful diabetic neuropathy drugs market projects a steady growth with a CAGR of 6.6% during the forecast period from 2018 to 2026
• Presence of strong product pipeline primarily contributed to the CAGR of this market
• With only four product approved for PDN, there arises extensive opportunities for newer industrial players
• Rising prevalence of diabetes across geographies increases the risk for PDN thus fuelling the overall market growth

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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