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Pain Drug Delivery Market - PMR Market Insight Report 2016 to 2022
Persistence Market Research Released New Market Report on Pain Drug Delivery
Market - PMR Market Insight Report 2016 to 2022.
Pain drug delivery system is an effective therapy for managing pain, whether it be a
chronic nonmalignant pain, a cancer pain, or a spasticity. Medications usually
circulate throughout the body in bloodstream, whereas pain drug delivery systems
releases medication directly into the fluid surrounding the spinal cord, which leads
to fewer drug side effects. Pain drug delivery systems help lessen chronic pain
caused by failed back surgery syndrome, cancer pain, reflex sympathetic dystrophy,
causalgia, arachnoiditis, and chronic pancreatitis. Such drug delivery systems used
for pain management also helps reduce the spasticity caused by cerebral palsy,
multiple sclerosis, stroke, brain injury and spinal cord injury among others. Pain drug
delivery systems do not eliminate the source of pain or cure any underlying disease,
but help to manage the pain.
The opportunities for the market growth includes agreements and collaborations of
drug delivery system manufacturers with pharmaceutical companies. This will help
in the growth of the drug delivery manufacturers, by assisting the pharmaceutical
Pain Drug Delivery Market - PMR Market Insight Report 2016 to 2022
The global pain drug delivery market is segmented based on technology, application
and geography. By technology the global, market of pain drug delivery is segmented
into transdermal drug delivery system and intrathecal drug delivery systems among
others. By application, the global pain drug delivery market is categorized into
oncology, neurological disorders, pulmonary diseases, and hormonal disorders
among others. Oncology projected a higher growth rate. For instance, according to
the World Health Organization (WHO), the incidence of cancer based on projections,
will be greater than15 million in 2020.
By geography, the global pain drug delivery market is segmented into North
America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin
America. North America dominated the global pain drug delivery market due to
growing geriatric population and regulatory and healthcare reforms like the U.S.
Persistence Market Research
Pain Drug Delivery Market - PMR Market Insight Report 2016 to 2022
Patient Protection and Affordable Care Act. For instance, the population aged 65 and
over is projected to be 83.7 million in 2050, which is twice that estimated in 2012.
Moreover, presence of advanced healthcare infrastructures, reimbursement policies
and adoption of innovative products are also driving the market in North America.
Asia Pacific is expected to expand in the coming years due to the large patient pool,
increasing R&D investment, rising healthcare expenditure along with government
funding and initiatives, increase in disposable income, and the rising prevalence of
chronic diseases.
Some of the key players in the global pain drug delivery market are Medtronic,
Flowonix Medical Inc., Aveva Drug Delivery Systems, Prosolus Pharmaceuticals, 3M,
and Teva Pharmaceutical Industries Ltd.
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Pain Drug Delivery Market - PMR Market Insight Report 2016 to 2022
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