Global Osteoarthritis Therapeutics Market: Overview
The growth of the global osteoarthritis therapeutics market is estimated to be driven by substantial taking up of various pain medications. In addition, surge in the incidences of osteoarthritis along with increasing number of sports injuries are anticipated to bolster expansion of the global osteoarthritis therapeutics market in the years to come. In addition, growing preference for use of personalized medicine to treat osteoarthritis and collaborations for development of products are expected to open up new opportunities of growth for the global osteoarthritis therapeutics market in the years to come. Growing population of obese people and geriatric population are foreseen to drive the demand for osteoarthritis therapeutics in the years to come.
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Osteoarthritis refers to chronic bone disorders related to inflammation caused by joint cartilage breakdown of the adjoining bone areas. Osteoarthritis is a very common joint disease mainly attacking the joints of spine, hips, knees, and hands. Swelling and tenderness of joints, pain, and stiffness of joints are symptoms and signs of this disease. Increased prevalence of this disease is expected to augur well for the market in the near future.
The global osteoarthritis therapeutics market makes an offering of details of the impact of localized and domestic market players, changes of regulations in the market, analysis of product pipeline and new developments, product launches and approvals, analysis of opportunities in emerging revenue pockets, and technological developments in the market. This study titled “global osteoarthritis therapeutics market” contains a detailed outline of the important market segments, namely anatomy, drug type, distribution channel, purchasing pattern, route of administration, and regional markets.
Global Osteoarthritis Therapeutics Market: Key Trends
The global osteoarthritis therapeutics market offers a detailed analysis of the market pertaining to cures, prognosis, and patient analysis. The report provides various data variables, such as rate of mortality, adherence, incidences, and prevalence. Indirect or direct impact analysis of market growth epidemiology have been analyzed to generate a cohort and robust multivariate statistical model for the purpose of making market estimations over the timeframe of analysis, from 2020 to 2030.
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Topical, parenteral pain, and oral medications are extensively utilized for the management of pain linked with osteoarthritis. Various alternative options, such as increased use of pain medications for osteoarthritis, affordability of various pain medications, and orthopedic braces for non-invasive approach for management of pain are expected to work in favor of the global osteoarthritis therapeutics market in the years to come.
Global Osteoarthritis Therapeutics Market: Competitive Assessment
There has been increasing number of developments in the global osteoarthritis therapeutics market. These market developments are anticipated to play an important role in the growth of the market. Launch of Voltaren in the US by GlaxoSmithKline Plc in 2020 is one such development that is expected to leave substantial positive impact on the said market. This product comes with diclofenac, an active ingredient in Voltaren. Diclofenac is utilized widely in the form of powerful NSAID (nonsteroidal anti-inflammatory) and it prevents pain-signaling chemicals.
Some of the well-known players in the global osteoarthritis therapeutics market are listed below:
- Horizon Therapeutics PLC
- Kitov Pharmaceuticals Ltd.
- Zimmer Biomet Holdings, Inc.
- Sanofi S.A.
- GlaxoSmithKline PLC.
- Flexion Therapeutics, Inc.
Global Osteoarthritis Therapeutics Market: Regional Assessment
Amongst all the geographies, North America is estimated to observe positive growth over the forecast tenure, from 2020 to 2030. Presence of several leading market players and increased spending on research and development activities is likely to propel growth of the North America market in the near future. Europe is estimated to follow North America over the forecast tenure, from 2020 to 2030.
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