Viscosupplementation System Market Size, Share and Forecast 2021-2027
The global viscosupplementation market is anticipated to grow at a CAGR of around 8.6% during the forecast period (2021-2027). The key factors that driving market growth include the increasing prevalence of osteoarthritis across the globe coupled with the rising demand for viscosupplementation. For instance, according to Centre for Disease Control and Prevention estimation of 1 in 4 (or 54.4 million), Although there are more than 100 types of arthritis, osteoarthritis (OA) is the most common, affecting 32.5 million adults in the US. Adults in the US suffer from arthritis, with the number expected to rise to 78 million by 2040. Further, improvement in healthcare infrastructure and providence of medical assistance also drive the market. For instance, according to Commonwealth Fund, in 2018, almost 92% of the population got medical insurance coverage in the US and almost 55% population was covered under Employer-sponsored health insurance.
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Moreover, significant advancement in the viscosupplementation by the
major players in the market also propel the growth of the market. For instance,
in January 2019, OrthogenRx introduced TriVisc, a sodium hyaluronate for the
treatment of knee osteoarthritis in a three-injection regimen in the US.
TriVisc is the least expensive in terms of price and this launch will be
allowing OrthogenRx to stay the course in providing healthcare practitioners
and patients with reasonable and reliable pricing for all goods.
Market Coverage
·
The market
number available for – 2020-2027
·
Base year-
2020
·
Forecast
period- 2021-2027
Segment Covered-
·
By Product
·
By Application
Regions Covered-
·
North
America
·
Europe
·
Asia-Pacific
·
Rest of
the World
·
Competitive
Landscape- Anika Therapeutics, Inc., LG chem., Smith & Nephew Plc,
Seikagaku Corp., Lifecore Biomedical, LLC, Sanofi S.A., Zimmer Biomet Holdings,
Inc., and others
A
full Report of Viscosupplementation System Market is Available at: https://www.omrglobal.com/industry-reports/viscosupplementation-market
Global Viscosupplementation Market Report
Segment
By Product
·
Single-Injection
·
Three-Injection
·
Five-Injection
By Application
·
Knee
·
Hip
·
Ankle
·
Others
Global
Viscosupplementation Market Report Segment by Region
North
America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the
World
·
Latin America
·
Middle East & Africa
Company Profiles
·
Anika
Therapeutics, Inc.
·
Ferring
B.V.
·
Fidia
Farmaceutici S.p.A
·
Johnson
& Johnson Services, Inc.
·
KalVista
Pharmaceuticals, Inc.
·
LG Chem
(Life Sciences)
·
Lifecore
Biomedical, LLC
·
Maxigen
Biotech, Inc.
·
Pharmascience
Inc.(PendoPharm)
·
Regen Lab
SA
·
Sanofi
S.A.
·
Seikagaku
Corp.
·
Shanghai
Haohai Biological Technology Co., Ltd.
·
Smith
& Nephew PLC
·
Stellar
Pharmaceuticals, Inc.
·
Stryker
Corp.
·
Swiss
Biomed Orthopaedics AG
·
Virchow
Biotech Pvt. Ltd.
·
Zimmer
Biomet Holdings, Inc.
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