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Global Pain Management Therapeutics Market: High Prevalence of Chronic Diseases to Aid Growth

The competition in the global pain management therapeutics market is intense owing to the presence of leading players with diversified products.. The market is expected to be highly saturated in the coming years owing to the high presence of conventional medicines accounting for over two-third of the global market for pain management therapeutics. Due to this several medium scale and small generic manufacturers of drugs are likely to venture into the market and make it highly competitive in the near future. The leading companies functional in the market are Purdue Pharma LP, Johnson & Johnson, Endo Health Solutions, Pfizer Inc., and Merck & Co. Inc. The top two players in the market, Purdue Pharma LP and Pfizer Inc. held a share for above 50% in the global pain management therapeutics market in 2016. In the coming years, the share of the core vendors is expected to decline owing to the emergence of new players such as AstraZeneca Plc. and Depomed Inc.

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