Viscosupplementation System Market Will Generate Record Revenue by 2029
The global viscosupplementation market is anticipated to grow at a CAGR of around 8.6% during the forecast period. 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.
On the other hand, the global viscosupplementation market is projected to hinder by stringent government regulations and increasing insurance denials for viscosupplementation products. However, due to the treatment effectiveness in providing relief to patients, the market for viscosupplementation in knee osteoarthritis is rapidly increasing. Patients who didn’t recover from physical exercise, weight loss, or corticosteroid injections will benefit from viscosupplementation for knee procedures. As a result, this will be creating an opportunity for the growth of the market.
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Market Coverage
- The
market number available for – 2022-2030
- Base
year- 2022
- Forecast
period- 2021-2030
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
Viscosupplementation Market Report Segment
By Product
- Single-Injection
- Three-Injection
- Five-Injection
By Application
- Knee
- Hip
- Ankle
- Others
A full Report of
Viscosupplementation System Market is Available at: https://www.omrglobal.com/industry-reports/viscosupplementation-market
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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