Novel Therapies to Revitalize the Neuropathic Pain Treatment Market Landscape by 2022 is a new market research publication announced by Reportstack. With seven promising neuropathic pain (NP) treatments expected to be launched in the coming years, the NP therapeutics market value — covering painful diabetic neuropathy, postherpetic neuralgia and trigeminal neuralgia — is forecast to increase from $2.58 billion in 2012 to $3.53 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 3.19%.
According to the report, seven novel pipeline drugs targeting these three indications will enter the market before 2022. These include Daiichi Sankyo’s DS-5565, Convergence’s CNV-2197944, Grünenthal’s Cebranopadol and Impax’s Eladur. It is expected that the sales of these pipeline therapies to account for 23.8% of the global NP market by 2022.
“Although many of the available drugs offer some degree of efficacy in terms of pain relief, there still remains vast room for improvement in efficacy, safety, drug delivery, and dosing convenience.
“Furthermore, all three market-leading therapies, Pfizer’s Lyrica, Eli Lilly’s Cymbalta and Endo Health’s Lidoderm, will lose patent protection over the forecast period, therefore increasing the risk of generic erosion.”
It is believed that there are opportunities for companies to enter the NP market through the development of novel drugs, provided that their product offerings target some of these unmet needs.
However, as Chege continues: “Steep research and development costs, as well as the high failure rate of pain medications in NP clinical trials, have led many larger pharmaceutical companies to deprioritize the development of new NP therapies.”
Complete report available @ Novel Therapies to Revitalize the Neuropathic Pain Treatment Market Landscape by 2022.