Fibromyalgia Treatment Market Heading for $2 Billion by 2023, Says Report

May 13, 2015.

The treatment market value for fibromyalgia across the seven major markets (7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, will expand from $1.8 billion in 2013 at a tepid Compound Annual Growth Rate (CAGR) of 0.72% to reach $1.9 billion by 2023, according to research and consulting firm GlobalData.

The company’s PharmaPoint: Fibromyalgia report states that while this growth will be primarily driven by the potential introduction of four late-stage pipeline agents, consisting of reformulations of existing therapies and “me-too” products, it will also be dampened by the simultaneous patent expiries of the key branded products on the market.

Maura Musciacco, MSc, GlobalData’s Director of Neurology and Ophthalmology, says the US will consolidate its position as the dominant market, with the country’s share increasing from 83% of fibromyalgia treatment sales in 2013 to 86% by 2023.

More information here.