Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global viscosupplementation market is anticipated to grow with a CAGR of ~9%
over the forecast period, i.e., 2022 - 2031. The market is segmented by application
into knee osteoarthritis, shoulder osteoarthritis, hip osteoarthritis, and
others. Amongst these, knee osteoarthritis segment is estimated to grow at the
highest rate during the forecast period owing to the massively increasing
occurrence of knee osteoarthritis worldwide.
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The
global viscosupplementation market is projected to significantly grow owing to
the rising count of obesity in people, followed by worldwide increasing
population of aged people, as they majorly face joints and bone related health
problems. Furthermore, upsurge in autoimmune disorders, and spiking healthcare
investment and increasing merger and acquisitions are some of the major factors
anticipated to drive the growth of the market in the forecast period.
Regionally,
the global viscosupplementation market is segmented into five major regions
comprising of North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. The market in the North America region is estimated to
witness significant growth over the forecast period owing to the rising
inclination of people for short treatment process, escalating occurrence of osteoarthritis, and growing prevalence of
aged population in the region.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway,
Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil,
Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan,
South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of
Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and
Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
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Worldwide
Escalating Geriatric Population to Drive the Market Growth
By 2030, the global population of people over
the age of 60 is estimated to reach 1.4 billion.
With
growing age, old people get numerous health issues. The geriatric population is
most vulnerable to a wide range of health problems, including osteoporosis,
arthritis, vision loss, anterior cruciate ligament (ACL) sprains, and
musculoskeletal conditions. Osteoarthritis (OA) is a common age-related
ailment. It is frequently referred to as a degenerative disease, and many
people believe it is an unavoidable consequence of ageing. Degradation and
damage of articular cartilage is a key aspect of osteoarthritis. In such
condition, viscosupplementation treatment delivers very effective results. Therefore,
the increasing geriatric population is fueling up the demand of viscosupplementation.
However, deficit
of technical expertise, interlinked side-effects i.e., inflammation, site aching,
and extreme price of viscosupplementation treatment are expected to operate as
key restraint to the growth of the global viscosupplementation market over the
forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global viscosupplementation market which includes company
profiling of F. Hoffmann-La Roche Ltd, Chugai Pharmaceutical Co., Ltd., OrthogenRx,
Inc., Sanofi-aventis Groupe, Anika Therapeutics, Inc., Seikagaku Corporation,
Smith & Nephew plc, Lifecore Biomedical LLC, LG Chem Life Sciences
Innovation Center, Inc., Fidia Farmaceutici S.p.A., and others. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the global viscosupplementation
market that will help industry consultants, equipment manufacturers, existing
players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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