According to the latest report by IMARC Group, titled “Osteoarthritis Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global osteoarthritis therapeutics market reached a value of nearly US$ 8 Billion in 2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.
Osteoarthritis (OA) is a common chronic joint disease that affects the hips, small joints of fingers, knees, and lower back and neck. The disease is the result of progressive degeneration of the protective cartilage. Some common OA symptoms include pain, tenderness, grating sensation, swelling, stiffness, loss of flexibility, and bone spurs. According to the alleviation levels of these symptoms, various surgical procedures and medications are prescribed to patients. Other than this, supportive devices, physical therapies, and alternative medicines are also utilized to improve joint function and relieve pain.
The major factors driving the global osteoarthritis therapeutics market include the rising prevalence of obesity, sedentary lifestyles and unhealthy dietary patterns of consumers. Along with this, the rising geriatric population, which is more susceptible to osteoarthritis, is propelling the demand for improved medicines and therapeutics across the globe. Rising expenditure for improving the healthcare infrastructure and investments in research and development (R&D) activities for introducing novel biomarkers and diagnostics are supporting the market growth further.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Osteoarthritis Therapeutics Market 2021-2026 Competitive Analysis and Segmentation:
The competitive landscape of the global osteoarthritis therapeutics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Horizon Therapeutics Plc
- Sanofi S.A.
- Johnson & Johnson Inc.
- Bayer Aktiengesellschaft
- Pfizer Inc.
- Flexion Therapeutics Inc.
- Eli Lilly and Company
- Anika Therapeutics Inc.
- GlaxoSmithKline Plc
- Abbott Laboratories
The report has segmented the osteoarthritis therapeutics market on the basis of anatomy type, drug type, route of administration, end user and region.
Breakup by Anatomy Type:
Breakup by Drug Type:
- Nonsteroidal Anti-Inflammatory Drugs
Breakup by Route of Administration:
Breakup by End User:
- Specialty Clinics
- Medical Institutions
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore full report with table of contents: https://www.imarcgroup.com/osteoarthritis-therapeutics-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Drivers and Success Factors
- Industry Trends
- The Impact of COVID-19 on the Global Market
- Structure of the Global Market
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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