The Knee Bursitis Market is expected to grow at a CAGR of 7.1% during the forecast period 2017-2023.
The Global Knee Bursitis Market is expecting a sound growth in the coming future owing to the increasing prevalence of bone-related diseases and favorable reimbursement policies. Mostly all diabetic patients suffer from some or the other knee bursitis. According to findings from the WHO in 2014, approximately 422 million people reported suffering from diabetes. Due to the increasing diabetic population across the globe, there is a significant increase in the number of people with knee bursitis. Additionally, increasing geriatric population and increasing healthcare expenditure have fuelled the growth of the market. On the other hand, strict regulatory rules and the high cost of the treatment methods may slow the growth of the market during the forecast period.
Key players in the Global Knee Bursitis Market:
Some of the major players in this market are Novartis AG, Pfizer Inc, Amgen Inc, AVEO Pharmaceuticals Inc, Bayer AG, Bellicum Pharmaceuticals Inc, MediaPharma srl, Merck & Co., Inc, Merrimack Pharmaceuticals Inc, Oncolys BioPharma Inc, United Therapeutics Corp and others.
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The Global Knee Bursitis Market has been segmented on the basis of diagnosis, treatment, and end users.
On the basis of the diagnosis, the Global Knee Bursitis Market is segmented into imaging tests and others. Imaging tests are further segmented into X-ray, MRI, ultrasound, and others.
Based on the treatment, it is segmented medication, therapy, surgery, and others. Medication is sub-segmented into antibiotic treatment and others. Others segment includes corticosteroid injection and others.
On the basis of the end users, the market is segmented into hospitals & clinics, diagnostic centers, research centers, academic institutes, and others.
The Americas accounted for the major share of the market owing to the presence of a huge population of patients suffering from bone related problems or joint pains, high healthcare expenditure, well-developed technology, and the presence of the leading players. Furthermore, rising government support for the development of the advanced devices and well-developed healthcare sector has boosted the growth of the knee bursitis market in the Americas.
Europe accounted for the second largest market for the knee bursitis, which is followed by Asia Pacific. Increasing prevalence of the knee bursitis, diabetes, and huge healthcare spending are the major driving factors that have boosted the market growth. Additionally, the healthcare expenditure in this region is also rising. People and healthcare organizations in this region are able to afford the high cost of the devices, which is driving the growth of the market. Furthermore, increasing government support and funding for the development and improvement of the treatments have fuelled the growth of the market.
The Asia Pacific is the fastest growing knee bursitis market. Increasing need for better devices, rapidly improving technology, and the presence of huge patient pool is driving the growth of the market in this region.
The Middle East & Africa holds the least share of the market owing to the presence of poor and slow developing countries, especially, in the African region. The major driving factors for the growth of the Middle East & African knee bursitis market are increasing aging population and increasing number of diabetic patients.
Knee Bursitis Market Table of Content
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
LIST OF TABLES
Table 1 Knee Bursitis Industry Synopsis, 2017-2023
Table 2 Global Knee Bursitis Market Estimates And Forecast, 2017-2023, (USD Million)
Table 3 Global Knee Bursitis Market By Region, 2017-2023, (USD Million)
Table 4 Global Knee Bursitis Market By Diagnosis, 2017-2023, (USD Million)
Table 5 Global Knee Bursitis Market By Treatment, 2017-2023, (USD Million)
Table 6 Global Knee Bursitis Market By End Users, 2017-2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Knee Bursitis Market
Figure 3 Segmentation Market Dynamics For Knee Bursitis Market
Figure 4 Global Knee Bursitis Market Share, By Treatment 2016
Figure 5 Global Knee Bursitis Market Share, By End Users, 2016
Figure 6 Global Knee Bursitis Market Share, By Region, 2016
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