Nigeria neuropathic pain management drugs market
Nigeria Neuropathic Pain Management Drugs Market, by Drug Class (Anticonvulsants, Serotonin–norepinephrine Reuptake Inhibitors (SNRIs), Tricyclic Antidepressants, Nonsteroidal Anti-inflammatory Drugs (NSAIDs), and Others), by Disease Condition (Diabetic Neuropathy, Chemotherapy-induced Peripheral Neuropathy, and Others), and by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
- Feb 2022
- CMI4918
- 154 Pages
- Excel & Pdf
- Pharmaceutical
Neuropathic pain is caused by a lesion or disease of the somatosensory system, which includes peripheral fibers (Aβ, Aδ and C fibres), central neurons, and affects 7-10% of the population. Multiple causes of neuropathic pain have been identified and its prevalence is expected to rise due to aging global population, and increase in incidences of diabetes mellitus. The intricacy of neuropathic symptoms, poor results, and challenging treatment decisions contribute to the burden of chronic neuropathic pain. Most importantly, people with neuropathic pain have a lower quality of life as a result of increased medicine prescriptions, frequent visits to health care providers, as well as morbidity from the pain and the instigating disease. Despite obstacles, advancement in understanding the pathophysiology of neuropathic pain are stimulating the development of innovative diagnostic tools and tailored therapies.
The Nigeria neuropathic pain management drugs market is estimated to be valued at US$ 8.1 million in 2021 and is expected to exhibit a CAGR of 3.2% over the forecast period (2021-2028).
Figure 1. Nigeria Neuropathic Pain Management Drugs Market Share (%), By Drug Class, 2021
The emerging opportunity for local production of neuropathic pain management drugs in the market is expected to drive growth of the Nigeria neuropathic pain management drugs market over the forecast period.
There are limited number of players in Nigeria such as May & Baker Nigeria Plc. and CHI Pharmaceuticals Limited who manufacture analgesics, NSAIDs, and other pain medications. Majority of these medications are imported from countries in North America, Europe, and the Asia Pacific regions. Manufacturers in the Asia Pacific region export generic medications to the country in large amounts.
Manufacturers have significant scope to produce generic products in the country with cGMP guidelines and build a scalable business. Majority of drugs such as TCAs, and anticonvulsants are imported in the country, therefore manufacturing these drugs into the country could prove to be a sustainable business.
Nigeria Neuropathic Pain Management Drugs Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2020 | Market Size in 2021: | US$ 8.1 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2021 to 2028 |
Forecast Period 2021 to 2028 CAGR: | 3.2% | 2028 Value Projection: | US$ 10.1 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Pfizer Inc., Novartis AG, GlaxoSmithKline Plc, and Biofemgroup Ltd. |
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Growth Drivers: |
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Restraints & Challenges: |
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Figure 2. Nigeria Neuropathic Pain Management Drugs Market Share (%), By Disease Indication, 2021
Presence of branded as well as generic versions of drugs for the treatment of neuropathic pain is expected to drive the market growth over the forecast period.
Key players in the market such as GlaxoSmithKline, Pfizer, and others offer products in Nigeria for management of neuropathic pain. Moreover, several manufacturers from India and China export generic drugs for management of neuropathic pain to the country which are cheaper versions of off-patent drugs. Generic versions of tricyclic antidepressants, anticonvulsants, and NSAIDs are available for under US$ 1 per tablet which makes them affordable for patients. Moreover, local manufacturers such as Biofem Group, May & Baker Nigeria Plc, CHI Pharmaceuticals Limited, and others offer analgesics as well as other drugs in the Nigerian market.
Nigeria Neuropathic Pain Management Drugs Market– Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic and lockdown in various countries across the globe have negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. COVID-19 frequently causes central or peripheral neurological complications, it is predicted that a number of the chronic pain complications associated with COVID-19 will be neuropathic. Even though COVID-19 most commonly exhibits acute respiratory symptoms but other symptoms mostly involves joint pain, muscle pain, and headache at the acute phase, or pain due to critical illness myopathy or polyneuropathy. Neuropathic pain may be cause indirectly caused by SARS-CoV-2 or by COVID-19 after ICU treatment. The pervasiveness of persistent pain after ICU has been expected to range from 28% to 77%. Another possible mechanism responsible for neuropathic pain after COVID-19 is the indirect or direct impact of the virus on the nervous system.
Nigeria Neuropathic Pain Management Drugs Market: Restraint
The Nigeria pharmaceutical market suffers from several challenges such as scarce local production of pain management drugs, problem of counterfeit drugs, opioid drugs abuse (tramadol), heavy reliance on import of drugs from international manufacturers, and others. These factors are inadvertently affecting all the sectors of the pharmaceutical industry in Nigeria including the neuropathic pain management drugs market.
For instance, in November 2018, National Drug Law Enforcement Agency (NDLEA), Nigeria, seized 581 million Tramadol tablets which were illicitly brought into the country.
Moreover, other issues such as low awareness about neuropathic conditions and the management of these conditions, as well as lack of proper diagnostic techniques is expected to restrain growth of the neuropathic pain management drugs market in Nigeria over the forecast period.
Key Players
Major players operating in the Nigeria neuropathic pain management drugs market include Pfizer Inc., Novartis AG, GlaxoSmithKline Plc, and Biofemgroup Ltd.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Drug Class
- Market Snippet, By Disease Indication
- Market Snippet, By Distribution Channel
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- PEST Analysis
- Regulatory Scenario
- Reimbursement Scenario
- Mergers & Acquisitions
- Market Dynamics
- Nigeria Neuropathic Pain Management Drugs Market – Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Impact on Clinical Trials and Drug Development
- Government Initiatives
- Nigeria Neuropathic Pain Management Drugs Market, By Drug Class, 2021 – 2028, (US$ Mn.)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Anticonvulsants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Serotonin–norepinephrine Reuptake Inhibitors (SNRIs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Tricyclic Antidepressants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Nonsteroidal Anti-inflammatory Drugs (NSAIDs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
- Nigeria Neuropathic Pain Management Drugs Market, By Disease Indication, 2021 – 2028, (US$ Mn.)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Diabetic Neuropathy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Chemotherapy-induced Peripheral Neuropathy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
- Nigeria Neuropathic Pain Management Drugs Market, By Distribution Channel, 2021 – 2028, (US$ Mn.)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Pfizer, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Novartis AG
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- GlaxoSmithKline Plc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Biofemgroup Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Pfizer, Inc.
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 18 market data tables and 14 figures on "Neuropathic Pain Management Drugs Market” - Nigeria Forecast to 2028
Detailed Segmentation:
- Nigeria Neuropathic Pain Management Drugs Market, By Drug Class:
- Anticonvulsants
- Serotonin–norepinephrine Reuptake Inhibitors (SNRIs)
- Tricyclic Antidepressants
- Nonsteroidal Anti-inflammatory Drugs (NSAIDs)
- Others
- Nigeria Neuropathic Pain Management Drugs Market, By Disease Indication:
- Diabetic Neuropathy
- Chemotherapy-induced Peripheral Neuropathy
- Others
- Nigeria Neuropathic Pain Management Drugs Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies