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Current and Future Scope of Bone Pain Treatment Market | Its Projected to Grow at a CAGR Of 9.8% | Forecast to 2022
Market Research Future recently introduced Global Bone Pain Treatment Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2022. The report also provide detail analysis of the market structure along with forecast, market size & share, various segments and growing trends of the bottled water industry.Global Bone pain treatment Market - Overview
The pain caused in the bone due to any reason is known as bone pain. Bone pain can occur due to various reasons like accidents or by any diseases conditions. Some time in several conditions, it is difficult to examine the cause of bone pain and so diagnostic methods like CT scan, MRI, bone scanning and many more are implemented.
According to International Osteoporosis Foundation, globally osteoporosis causes more than 8.9 million fractures annually and resulting in an osteoporotic fracture every 3 seconds. Increasing prevalence of orthopedic diseases and growing aging population across the world is the major reason for the growth of bone pain treatment market.
Global bone pain treatment market is expected to grow at a CAGR of 9.8% during forecasted period 2017-2022.
Cancer has been one of the major reasons for the growth of this market. Usually, when cancer has metastasized to the bone it is categorized by either the breakdown of the bone; osteolytic, the formation of bone; osteoblastic, or both. However, side effects of the drugs and expensive R&D activates has hampered the growth of the market.
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Global Bone pain treatment Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global market of Bone pain treatment appears to be highly competitive and fragmented. With well-established market in the Americas region major companies like
Eli Lilly and Company
Amneal Pharmaceuticals LLC
Amgen, Inc
Actavis plc
Pfizer Inc
And various others have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other emerging regions as well.
Global Bone pain treatment Market -Segmentation
Global bone pain treatment is segmented on the basis of condition, into bone cancer, osteoporosis, and infectious diseases and other. Bone cancer is further segmented into primary bone cancer and secondary bone cancer. Primary bone cancer is sub segmented into osteosarcoma, chondrosarcoma, and Ewing tumor and other.
On the basis of treatment, the market is segmented into drug treatment, cryosurgery, radiotherapy, surgical treatment. Drug treatment are further segmented into chemotherapeutic agents, NSAIDS, antibiotics, antidepressant and other. And on the basis of end users, they are segmented into hospitals, clinics and other.
Global Bone pain treatment Market - Regional Analysis
Global Bone pain treatment market is segmented on the basis of geographies or regions which mainly includes Americas, Europe, Asia Pacific, and Middle East & Africa. Americas is dominating the global market for bone pain treatment with more than 40% share of the total market in 2016.
The major factors influencing the growth of the market include increasing prevalence of bone cancer and other bones related diseases. In 2016, according to American Cancer Society, approximately 3,450 new cases of bone cancer were diagnose in 2018.
According to Centers for Disease Control and Prevention, approximately 30% individuals with age 65 and above are suffering from osteoporosis. Europe holds the second largest share of the global bone pain treatment market. Asia Pacific is the fastest growing bone pain treatment market across the globe.
The Middle East & Africa holds the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.
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