Post Herpetic Neuralgia Treatment Market

Global Market Study on Post Herpetic Neuralgia Treatment: Growing Geriatric Population and Increased Disease Screening Rates to Fuel Adoption During 2018 - 2026

The postherpetic neuralgia treatment market is largely dominated by large vendors who are competing based on market penetration and distribution. However, the consolidated nature of the post herpetic neuralgia treatment market fails to increase the profitability of the business owing to loss of patents and poor efficacy and efficiency of the treatment.

  • October-2018
  • PMRREP14506
  • 214 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

More than 50% Revenue Contribution by Leading Post Herpetic Neuralgia Treatment Manufacturers

The post herpetic neuralgia treatment market is largely dominated by large vendors who are competing on the basis of market penetration and distribution. However the consolidated nature of the post herpetic neuralgia treatment market fails to increase the profitability of the business owing to loss of patents and poor efficacy and efficiency of the treatment.

However, growing awareness about the post herpetic neuralgia treatment and the growing geriatric population have increased the revenue opportunities for global post herpetic neuralgia treatment manufacturers. Companies, such as Pfizer Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Endo Pharmaceuticals Inc., hold more than 50% revenue share in the global post herpetic neuralgia treatment market.

The growth of the global post herpetic neuralgia treatment market is primarily driven by growing prevalence of post herpetic neuralgia and geriatric population. The development of healthcare infrastructure around the world coupled with the governmental support to post herpetic neuralgia treatment products is also expected to drive the growth of the post herpetic neuralgia treatment market.

However, the poor efficacy and efficiency of present post herpetic neuralgia treatment drugs are factors expected to hamper the growth of the post herpetic neuralgia treatment market. The companies are involved in developing new experimental post herpetic neuralgia treatment drugs.

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Companies

Company Profile

  • Pfizer Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Mylan N.V.
  • Endo Pharmaceuticals Inc.
  • Daiichi Sankyo
  • Acorda Therapeutics
  • Purdue Pharma L.P
  • Teikoku Pharma USA, Inc.
  • Janssen Pharmaceuticals, Inc.
  • Others.

Growing Geriatric Population and Screening Rates Likely to Boost the Post Herpetic Neuralgia Treatment Market Growth

The growing screening rates and the increase in geriatric population are the critical drivers of the post herpetic neuralgia treatment market. According to the Center for Diseases Control and Prevention, Shingles is increasing among adults in the United States. The prevalence of singles in is approximately 4 to 5 people per 1000 according to the Center for Diseases Control and Prevention, 1 out of 3 people in the United States will develop shingles during their lifetime.

The incidence rate of shingles ranged from 3.2--4.2 per 1000 population per year translating into an estimated 1 million cases annually of which approximately 10-18% develop post herpetic neuralgia in the U.S. Thus a large unmet need for the post herpetic neuralgia treatment market is easily comprehendible.

Post herpetic neuralgia generally affects adults, aged 50 and older and who are largely immunocompromised. According to the Center for Diseases Control and Prevention, among persons experiencing shingles, age is the primary risk factor for the development of PHN and the risk for PHN increases with age, particularly for persons aged >50 years.

Approximately 80 %-8 5% of PHN occurs in zoster patients aged greater than 50 years. The technological advances such as the development of the capsaicin and lidocaine has generated a large market enthusiasm in the global post herpetic neuralgia treatment market. Increasing investments in the research and development coupled with the development of pregabalin is expected to generate momentum and growth opportunities for the post herpetic neuralgia treatment market.

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Abusive Consumption of Opioid Drugs Cause of Concern in the Post Herpetic Neuralgia Treatment Market

Concerns over opioid use and the growing mortality from overdose are the prime constraints on the post herpetic neuralgia treatment market. Opioid overdose deaths account for 49,000 of the 72,000 drug overdose deaths in the USA in 2017. According to the center of disease control, around 66% of the more than 63,600 drug overdose deaths in 2016 involved an opioid and on average, 115 Americans die every day from an opioid overdose. The lack of definite curative treatment and the poor efficacy and efficiency of drugs is also hampering the post herpetic neuralgia treatment market growth.

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New Drug Development and Government Support to Root out Post Herpetic Neuralgia Expected to Drive Large Revenues for the Post Herpetic Neuralgia Treatment Market

New drug development is the large market opportunity for the post herpetic neuralgia treatment market. The development of any curative post herpetic neuralgia treatment drug is expected to drive a faster market adoption with minimal resources owing to lack of competition in the post herpetic neuralgia treatment market. Symptomatic treatment is the chief goal of post herpetic neuralgia treatment as there is no treatment for post herpetic neuralgia treatment.

The support to post herpetic neuralgia treatment products and initiatives by the governments of different countries is the other factors expected to boost the growth of the post herpetic neuralgia treatment market. Demographic drivers of the post herpetic neuralgia treatment market include the ageing of the world population and the growing healthcare expenditure around the world.

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Larger Economy and Large Purchasing Power in Developed Regions Coupled with Attractive Reimbursements Drives a Disproportionately Larger Post Herpetic Neuralgia Treatment Market

In North America post herpetic neuralgia treatment market, the U.S. is the dominant market due to larger economy and large purchasing power. The excellent reimbursement and growing incidence of post herpetic neuralgia treatment are also expected to support the growth of the post herpetic neuralgia market. Besides, presence of large players such as Pfizer, Endo pharmaceuticals and others is also expected to drive the growth of the post herpetic neuralgia treatment market in the U.S.

The healthcare expenditure in the U.S. was almost 16% of its GDP in 2017, which amply reflects better pricing and market attractiveness for post herpetic neuralgia treatment market. According to the Center for Disease Control (CDC) estimates the mortality of heart disease is around 630,000 each year, which costs about  US$ 200 billion each year.

The growing healthcare infrastructure as well as healthcare expenditure of Europe, which accounts to average 10% of GDP, are factors driving the growth of the Europe post herpetic neuralgia treatment market. Other European nations with a sizeable post herpetic neuralgia treatment market are France, the U.K., Italy and Spain.

The Asia Pacific post herpetic neuralgia treatment market is dominated by Japan, India and Australia and New Zealand. The Middle East and Africa post herpetic neuralgia treatment market is dominated by the gulf countries owing to their high wealth and large public healthcare expenditure, which is approximately 75% of the GDP.

The development of large specialty hospitals with greater purchasing power is driving a faster adoption of post herpetic neuralgia treatment products. The consolidation of large healthcare providers coupled with greater healthcare insurance penetration is another driver of the post herpetic neuralgia treatment market.

Poor Efficacy and Efficiency of Treatment Largest Barrier to Achieve Full Post Herpetic Neuralgia Treatment Market Potential

Calcium-channel blockers such as gabapentin and pregabalin are first line agents in the post herpetic neuralgia treatment. Tricyclic antidepressants (TCAs) possess analgesic effect, at lower doses than are required for their psychological effects. Their lower cost is another driver of the post herpetic neuralgia treatment market. However their side effects such as sedation, dry mouth, constipation, and urinary retention and orthostatic hypotension restrict their use. Their use is also contraindicated in patients with cardiac conditions. Amitriptyline and nortriptyline are the most used TCA’s for post herpetic neuralgia treatment. Steroids such as corticosteroids are administered in the terminal stage of post herpetic neuralgia treatment. However they have been limited by their side effects and poor efficacy.

Opioids such as oxycodone, morphine and methadone are third line post herpetic neuralgia treatment agents owing to their abuse potential and side effects such as constipation, nausea, itching, and sweating. Lidocaine and capsaicin patches are used in post herpetic neuralgia treatment despite limited evidence supporting their use.

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Competitive Landscape

Competition section of the post herpetic neuralgia treatment market features profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Some of the key players operating in the post herpetic neuralgia treatment market include Pfizer Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Endo Pharmaceuticals Inc., Daiichi Sankyo, Acorda Therapeutics, Purdue Pharma L.P, Teikoku Pharma USA, Inc., and Janssen Pharmaceuticals, Inc.

Definition

Post herpetic neuralgia (PHN) is characterized as moderate to severe nerve pain due to damage to a peripheral nerve caused by the reactivation of the varicella zoster virus (shingles). PHN is nerve pain which persists for more than 30 days after the reactivation of herpes zoster. The nerve pain is a result from damage to the peripheral nerve.

About the Report

PMR conducted a research study on post herpetic neuralgia treatment market for the forecast period 2018 to 2022. The post herpetic neuralgia treatment market report offers a comprehensive evaluation of the business opportunities prevailing in the post herpetic neuralgia treatment market along with insights on the post herpetic neuralgia treatment consumption trend, disease incidences, and awareness level for post herpetic neuralgia treatment market competition. The report elaborates on the macroeconomic factors influencing the dynamics of post herpetic neuralgia treatment market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of post herpetic neuralgia treatment market based on treatment type, distribution channels and region. The treatment type segment of the post herpetic neuralgia treatment market includes drugs, patches and steroid injectable. The drug segment of the post herpetic neuralgia treatment market is sub segmented by anticonvulsants, antidepressants, and opioids.

The patches segment is sub segmented by lidocaine skin patches and capsaicin skin patches. The distribution channel segment of the post herpetic neuralgia treatment market includes institutional sales and retail sales. The institutional sales includes hospital pharmacies, and clinics. The retail sales includes retail sales, retail pharmacies, drug stores and mail order pharmacies.

The post herpetic neuralgia treatment market has been analyzed across regions of North America, Latin America, Europe, Asia Pacific Excluding China, China and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on post herpetic neuralgia treatment market-

  • What is the revenue potential of point of care post herpetic neuralgia treatment across regions of North America and Europe?
  • Who are the key competitors and what are their portfolios in post herpetic neuralgia treatment market?
  • What are major challenges influencing the growth of post herpetic neuralgia treatment market?
  • How intervention from regulatory authority is shaping the post herpetic neuralgia treatment market growth?

Research Methodology

The post herpetic neuralgia treatment market has been estimated based on supply-demand approach. The market was first calculated based on incidence and diagnosis rate, conducted in different region/countries. Other qualitative factors analyzed during the estimation include treatment rates for post herpetic neuralgia treatment, recurrence rate and others. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases).

The research study on post herpetic neuralgia treatment market also includes top trends and macro as well as micro economic factors shaping the post herpetic neuralgia treatment market. With this approach, the report on post herpetic neuralgia treatment market anticipates the industry attractiveness of every major segment in post herpetic neuralgia treatment over the forecast period.

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