Credence Research has recently published a market research study that includeselaborativeanalysis which was result of an extensive research methodologyfor Painful Diabetic Neuropathy Drugs marketwith estimationsfrom 2018 to 2026. The highlights of this report aredrivers, restraints and opportunities of Painful Diabetic Neuropathy Drugs market, offered acrossthe recent and estimated timeline till 2026.Major report takeawaysare competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Painful Diabetic Neuropathy Drugs market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such asbusiness overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Painful Diabetic Neuropathy Drugs market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
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.
Keyresearch study highlights comprise:
- Exhaustiveresearch and analysis of the global Painful Diabetic Neuropathy Drugs industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Painful Diabetic Neuropathy Drugs market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering& business strength
- Cross sectional analysis of each regioncovering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
Research methodologyapplied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Painful Diabetic Neuropathy Drugs market specific to key segments, and regional segmentation.
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- Secondary Research
Secondary research was initiated with data collected through sources such aspress releases,company annual reports, and relevant documents focusing on the current developments in the global Painful Diabetic Neuropathy Drugs market. Authentic sources such as university research papers, scientific journals, and government websites were similarlyscreened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Painful Diabetic Neuropathy Drugs market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Painful Diabetic Neuropathy Drugs market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help ofe-mail interactions,telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
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