UK markets close in 3 hours 27 minutes
  • FTSE 100

    7,128.18
    +22.46 (+0.32%)
     
  • FTSE 250

    23,369.99
    +80.34 (+0.34%)
     
  • AIM

    1,260.14
    +1.45 (+0.12%)
     
  • GBP/EUR

    1.1739
    +0.0014 (+0.12%)
     
  • GBP/USD

    1.3926
    +0.0011 (+0.08%)
     
  • BTC-GBP

    27,429.40
    -14.17 (-0.05%)
     
  • CMC Crypto 200

    932.86
    -10.58 (-1.12%)
     
  • S&P 500

    4,423.15
    +35.99 (+0.82%)
     
  • DOW

    35,116.40
    +278.24 (+0.80%)
     
  • CRUDE OIL

    69.39
    -1.17 (-1.66%)
     
  • GOLD FUTURES

    1,822.50
    +8.40 (+0.46%)
     
  • NIKKEI 225

    27,584.08
    -57.75 (-0.21%)
     
  • HANG SENG

    26,426.55
    +231.73 (+0.88%)
     
  • DAX

    15,652.51
    +97.43 (+0.63%)
     
  • CAC 40

    6,744.93
    +21.12 (+0.31%)
     

Global Osteoarthritis Treatment Market (2021 to 2029) - Evolving Osteoarthritis Treatment Trend and Rise in Discretionary Income is Driving Growth

·9-min read

Dublin, July 08, 2021 (GLOBE NEWSWIRE) -- The "Osteoarthritis Treatment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.

The global osteoarthritis treatment market is projected to grow at a CAGR of 9.0%. Improving healthcare sector, treatment types, safety& emerging technologies are driving the market growth. Osteoarthritis is the most common form of arthritis, affecting millions of people worldwide. It occurs when the protective cartilage that cushions the ends of your bones wears down over time. However osteoarthritis can damage any joint, the disorder most commonly affects joints in your hands, knees, hips & spine. There is an increase in risk of osteoarthritis as age increases. Various diseases arising due to age factor are accounted on large scale.

According to OAFI Osteoarthritis Foundation International Osteoarthritis accounts for more than 500 million people affected worldwide. The prevention of such diseases is important to ensure a healthy life span. Technologies have emerged in developed countries as North America & are spending about more than $ 500 million for the research of arthritis. In a society where the population's life expectancy is on the rise, conditions such as these are to be considered as a priority as this severely impacts the quality of life.

Non-steroidal Anti-inflammatory Drugs (NSAIDs) application on large scale

Non-steroidal Anti-inflammatory Drugs (NSAIDs) treatment has played a vital role in treatment of this disease. Prostaglandins are a family of chemicals that are produced by the cells of the body and have several important functions. Prostaglandins are produced within the body's cells by the enzyme cyclooxygenase (COX), there are two COX enzymes, COX-1 and COX-2.Examples of the most common NSAIDs include: aspirin salsalate (Amigesic), diflunisal (Dolobid), ibuprofen (Motrin), ketoprofen (Orudis). However there are some side effects caused by this treatment various research & efforts are being made to overcome them. The adverse effect of this treatment on other parts is treated along with it. Advances in technology are making enormous efforts to treat such diseases; similar efforts are also taken by non-profit organizations as OAFI Osteoarthritis Foundation International& WHO world health organization. Pharmaceutical company such as Lupin Limited has received approval from by FDA for Meloxicam capsules in 2020.

Above 60, age group dominates the market

The number of people aged 60 years or older will rise from 900 million to 2 billion between 2015 & 2050, which means growth from 12% to 22% of the total global population will be affected according to World Health Organization. Older people in low& middle income countries carry a greater disease burden than those in the rich world. The greatest causes of disability are sensory impairments, back & neck pain, chronic obstructive pulmonary disease, depressive disorders, falls, diabetes, dementia & osteoarthritis. As biological ageing is associated with person age, there is tremendous rise in people affected by osteoarthritis. In some cases the osteoarthritis is also found in adults & children as it is a genetic disorder, the effect of the disease may increase along with age if inappropriate treatment is caused.

North America holds largest share in regional analysis

The aging population, change in life style, lack of awareness of the disease, increase in genetic disorders & high cost for treatment are key factors for growth of osteoarthritis in North America. According to the National Public Health Agenda for Osteoarthritis in 2020, 1 in 7 adults are affected by osteoarthritis which holds for 32 million people in North America. FDA has approved a drug named Triluron which is used for the treatment of pain in osteoarthritis of the knee in patients who have not responded to non-surgical treatments from physical therapy and simple pain medicines. As this drug is intended to relieve pain associated with osteoarthritis in the knee for up to six months after the first dose, similar treatment are carried out to overcome osteoarthritis. Increasing prevalence ratesacross regions such as Europe & Asia Pacific tend to develop research & treatment of osteoarthritis. The associations play a vital role in awareness in the region associated with it.

Key Players

Key players in this market include Sanofi SA, GlaxoSmithKline plc, Pfizer Inc, Bayer AG, Zimmer Biomet, Horizon Therapeutics PLC, Johnson & Johnson, Abbott, Eli Lilly, Anika Therapeutics, Inc, Novartis AG, Ferring Pharmaceuticals, Bioventus, Lupin Limited, FidiaFarmaceuticiS.p.A, Virchow Biotech. The key strategy includes empowering healthcare decisions regarding safety & application to the professionals, managing portfolio to sustain the business & run an efficient business model.

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?

  • What are the key market segments in current scenario and in the future by regions?

  • What is the key impact of Covid-19 over market revenues and market determinants in the Osteoarthritis Treatment Market?

  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?

  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?

  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?

  • Who are the key players in the Osteoarthritis Treatment Market and what are their key product categories and strategies?

  • What are the key strategies - mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global OT Market Value, 2019 - 2029, (US$ Mn)
3.2 Key Trends Analysis
3.2.1 Non-steroidal Anti-inflammatory Drugs (NSAIDs) application on large scale
3.2.2 Above 60, age group dominates the market
3.2.3 North America holds largest share in regional analysis
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Evolving Osteoarthritis Treatment Trend and Rise in Discretionary Income
3.3.1.2 Superiors Advantages of Using OT
3.3.1.3 Increasing use of Customized material as a Promotional Tool
3.3.2 Market Challenges
3.3.2.1 Limitations of Osteoarthritis Treatment over other Methods
3.3.3 Impact Analysis of Drivers and Restraints
3.4 See-Saw Analysis
3.5 Attractive Investment Proposition, 2020
3.6 Competitive Landscape
3.6.1 Market Positioning of Key OT Vendors
3.6.2 Strategies Adopted by OT Vendors

Chapter 4 Osteoarthritis Treatment Market (OT), By Class of Drug
4.1 Overview
4.2 Analgesics, Osteoarthritis Treatment Market Value, 2019 - 2029, (US$ Mn)
4.3 Non-steroidal Anti-inflammatory Drugs (NSAIDs), Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
4.4. Corticosteroids, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
4.5 Hyaluronic Acid, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
4.6 Pipeline Analysis, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)

Chapter 5 Osteoarthritis Treatment Market (OT), By Anatomy
5.1 Overview
5.2 Knee, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
5.3 Hip, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
5.4 Ankle, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
5.5 Shoulder, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)
5.6 Hand, Osteoarthritis Treatment Market, 2019 - 2029, (US$ Mn)

Chapter 6 Osteoarthritis Treatment Market (OT), By Route of Administration
6.1 Overview
6.2 Parenteral route of administration, 2019 - 2029, (US$ Mn)
6.3 Oral route of administration, 2019 - 2029, (US$ Mn)
6.4 Topical route of administration, 2019 - 2029, (US$ Mn)

Chapter 7 Osteoarthritis Treatment Market (OT), By Distribution Channel
7.1 Overview
7.2 Hospital Pharmacies, 2019 - 2029, (US$ Mn)
7.3 Retail Pharmacies, 2019 - 2029, (US$ Mn)
7.4 Online Pharmacies, 2019 - 2029, (US$ Mn)

Chapter 8 Osteoarthritis Treatment Market (OT), By Purchase Mode
8.1 Overview
8.2 Prescription Drugs, 2019 - 2029, (US$ Mn)
8.3 Over-the-counter (OTC) drugs, 2019 - 2029, (US$ Mn)

Chapter 9 North America Osteoarthritis Treatment Market Analysis

Chapter 10 Europe Osteoarthritis Treatment Market Analysis

Chapter 11 Asia Pacific Osteoarthritis Treatment Market Analysis

Chapter 12 Rest of the Osteoarthritis Treatment Market (OT) Market Analysis
12.1 Overview
12.1.1 Rest of the World OT Market Value and Growth, 2019 - 2029, (US$ Mn) (Y-o-Y %)
12.2 Rest of the World OT Market, by Drug, 2019 - 2029(US$ Mn)
12.3 Rest of the World OT Market, by Anatomy, 2019 - 2029(US$ Mn)
12.4. Rest of the World OT Market Analysis, By Region/Country, 2019 - 2029(US$ Mn)
12.4.1. Middle East and Africa OT Market Analysis, 2019 - 2029(US$ Mn)
12.4.2. Latin America OT Market Analysis, 2019 - 2029(US$ Mn)

Chapter 13 Company Profiles
13.1. Sanofi SA.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.2. GlaxoSmithKline plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.3. Pfizer Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.4. Bayer AG.:Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.5. Zimmer Biomet.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.6. Horizon Therapeutics PLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.7. Johnson &Johnson.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.8. Abbott.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.9. Eli Lilly.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.10. Anika Therapeutics, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.11. Novartis AG.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.12. Ferring Pharmaceuticals.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.13. Bioventus.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.14. LupinLimited.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.15. FidiaFarmaceuticiS.p.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
13.16.Virchow Biotech.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

For more information about this report visit https://www.researchandmarkets.com/r/62d1j3

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting