Middle East Tapentadol Market, by Therapeutic Application (Pain Management (Neuropathic Pain, Cancer Pain, and Others), and Cough Treatment), and by Countries - Trends and Forecast to 2025
- Report code : CMI61054 |
- Industry :
Pharmaceutical
- Published On : Nov 2017 |
- Pages : 106 Pages |
- Format :
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Tapentadol - Become Pain Free!
Tapentadol is an opioid analgesic, indicated for severe pain management, on a daily or around the clock need for treatment and long-term opioid treatment, for which alternative treatment options are inadequate. Tapentadol is also indicated for neuropathic pain associated with diabetic peripheral neuropathy. It is widely used for management of acute, chronic, and cancer related pain among patients and is available legally on prescription. Nucynta ER is the first and only FDA-approved long-acting opioid analgesic designed to control both, nociceptive pain and neuropathic pain associated with diabetic peripheral neuropathy. Nucynta is available as Palexia outside the U.S. territory. Nucynta ER is contraindicated for patients suffering from significant respiratory depression, known or suspected gastrointestinal obstruction, acute or severe bronchial asthma or hypercarbia, including paralytic ileus, concurrent use of monoamine oxidase inhibitors (MAOIs), and Hypersensitivity (e.g. anaphylaxis, angioedema) to tapentadol or to any other ingredients of the product or use of MAOIs within a period of 14 days.
Rising incidence of cancer and diabetic neuropathy in the Middle East is expected to fuel growth of the Middle East tapentadol market
According to data published in World Journal of Diabetes in 2016, the Middle Eastern and North African regions are estimated to have the second-highest rate of diabetes in the world, in turn, increasing prevalence of neuropathic pain. In Arab World, the prevalence of diabetes is projected to increase to 96.2% by 2035, as estimated by World Journal of Diabetes in 2016. Furthermore, the World Health Organization (WHO) estimated that in the Eastern Mediterranean region, including Middle East, recorded 555,318 new cases of cancer in 2012, which is projected to rise to 961,098 by 2030. Thus determining that the Eastern Mediterranean region is expected to have the highest relative increase of cancer cases among all regions in the world. According to Journal of Taibah University Medical Sciences, 2016, the number of people suffering from diabetic neuropathic pain in countries of the Middle East were as follows:
The Middle East tapentadol market was valued at US$ 0.82 million in 2016 and is expected to witness a robust CAGR of 6.1% over the forecast period (2017-2025).
Figure 1. Tapentadol related important events since discovery
Source: Coherent Market Insights Analysis (2017)
Absence of gold standard opioid therapy for neuropathic pain other than tapentadol is expected to fuel the Middle East tapentadol market growth
Neuropathic pain is caused by a dysfunction of or lesion to the central or peripheral nervous system and it is chronic in nature with a complex pathophysiology. NUCYNTA ER (tapentadol) is used in the treatment of neuropathic pain, if the pain is severe enough to require tapentadol daily, whereas it is also used in long-term opioid treatment for which alternative treatment options are inadequate. There is low quality evidence that the oral tramadol has any important beneficial effect on pain for people suffering from severe or moderate neuropathic pain, whereas the main indication of tapentadol is to treat the diabetic neuropathic pain. This proves that other opioids such as fentanyl, oxycodone, tramadol, and oxymorphone are not as effective as tapentadol in the treatment of neuropathic pain.
The U.S. Food & Drug Administration (FDA) tapentadol approval timeline
Major players operating in the tapentadol market include Depomed, Inc., Janssen Pharmaceutical, Inc., Grünenthal, and Allergan Plc.
Pain related diseases such as cancer and diabetic neuropathy are highly prevalent in the Middle East where opioid such as fentanyl, morphine, oxycodone, and pethidine are used for the treatment. These opioids possess potent analgesic action, however, are highly addictive, whereas, tapentadol is mildly addictive and has higher safety and efficacy levels. Tapentadol may prove to be an effective alternative for pain management in Middle East region, where, opioid abuse is an issue. Nucynta extended release tablets is the only patented product available for tapentadol. Depomed, Inc. holds the patent for distribution and development of the drug tapentadol in the U.S. Janssen Pharmaceuticals along with Grünenthal GmbH, developer of the tapentadol molecule, filed a patent infringement lawsuit in the U.S., in 2013, against generic tapentadol manufacturers. Janssen Pharmaceuticals divested the drug development and distribution rights in the U.S. territory to Depomed, Inc. in 2015. Depomed won the case in April 2017 and all generics were subsequently pulled out of the market and are now banned till the patent expiry of tapentadol in 2025.
Market Dynamics
The Middle East tapentadol market is expected to gain significant traction, provided that the product distribution is restructured by the patent holder, globally. Support from the regulatory bodies in the Middle East, and increase in accessibility of tapentadol is expected to support growth of Middle East tapentadol market. Absence of major distribution channel for tapentadol in the Middle East has drastically reduced the import options. This provides immense opportunities for local players such as Teva Pharmaceutical Industries Ltd. to set up a distribution channel with the drug patent holder. Tapentadol is the only U.S. Food & Drug Administration approved opioid drug for treatment of diabetic neuropathic pain. Currently, only adults can consume tapentadol due to high therapeutic efficacy, which is not recommended for children. Whereas, ongoing clinical trials are expected to culminate in tapentadol being subjected to pediatric use, positive result of which, are expected to fuel growth of the Middle East tapentadol market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the Middle East tapentadol market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, rights acquisition regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the Middle East tapentadol market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Depomed, Inc., Janssen Pharmaceutical, Inc., Grünenthal, and Allergan, Plc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, market expansion, and marketing tactics
- The Middle East tapentadol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Middle East tapentadol market
Detailed Segmentation:
- Middle East Tapentadol Market, By Therapeutic Application:
- Pain Management
- Neuropathic Pain
- Cancer Pain
- Others
- Cough Treatment
- Middle East Tapentadol Market, By Countries:
- KSA
- Country Trends and Estimation (US$ Million)*
- UAE
- Bahrain
- Oman
- Qatar
- Israel
- Iran
- Company Profiles
- Depomed, Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Highlights
- Strategies
- Janssen Pharmaceutical, Inc.
- Grünenthal
- Allergan, Plc.
“*” marked represents similar information in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Therapeutic Application
- Market Snippet, By Countries
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- History Of Tapentadol
- Comparison with substitute
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- PEST Analysis
- Impact Analysis
- Industry Trend
- Epidemiology
- PORTER’s Five Forces Analysis
- Ongoing Clinical Trials
- Regulatory Scenario
- Reimbursement Policies
- Middle East Tapentadol Market, By Therapeutic Application, 2015 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2016 - 2025
- Pain Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 - 2025, (US$ Million)
- Neuropathic Pain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 - 2025, (US$ Million)
- Cancer Pain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 - 2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 - 2025, (US$ Million)
- Cough Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 - 2025, (US$ Million)
- Middle East Tapentadol Market, By Countries, 2015 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2016 – 2025
- Region Trends
- Market Size and Forecast, By Country, 2017 and 2025 (%)
- KSA
- Country Trends *
- Market Size and Forecast (US$ Million)
- UAE
- Bahrain
- Oman
- Qatar
- Israel
- Iran
- Competitive Landscape
- Company Profiles
- Depomed, Inc. *
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Janssen Pharmaceutical, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Grünenthal
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Allergan, Plc
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Section
- Research Methodology
- About us and Sales Contact
*Browse 10 market data tables and 11 figures on "Middle East Tapentadol Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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