Press release
Bone Pain Treatment Market Evolving Opportunities by Top Industry Players Profiles - Eli Lilly, Amneal Pharmaceuticals LLC., Actavisplc, Novartis International AG, Marksans Pharma, Amgen, Inc.
MRFR is Leading Brand in Research Firm who recently published “Bone Pain Treatment Market Research Report” which includes Growth Study, Regional Analysis, Top Industry Players Formation, Major Drivers, Upcoming Trends and Forecast to 2022.The bone pain treatment market is accruing rapidly mainly due to the increasing aging population. Geriatric people are more prone to diseases such as arthritis, joint or bone pain, epilepsy, depression, nerve damage, owing to low immunity levels or gene alteration.
Moreover, the diseases & disorders causing bone-pain such as injuries, mineral deficiency, metastatic cancer, bone cancer, and leukemia among others escalate the market on the global level.
Acknowledging the colossal growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global bone pain treatment market will grow exponentially by 2022 accruing at a striking CAGR during the forecast period (2016 - 2022).
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In addition to the chronic diseases, infection or diseases that disturb blood supply to bones are too impacting the market growth positively.
Furthermore, technological advancements transpired in the field of bone-pain management and advent pain treatment materials, innovative novel medications and treatments are fostering the market growth of bone pain treatment market to an extent.
Also, Factors such as the favorable regulations, approvals, and commercialisations of novel molecule combinations and drug delivery techniques in the pain management therapeutics sector are providing impetus to the market growth.
On the other hand, factors such as the pending or imminent patent expiries of many blockbuster pain management drugs are expected to obstruct the market growth during the assessment period.
Nevertheless, factors like the instigation of a large number of regulatory healthcare reforms, developments of methods for the improved diagnosis and treatments for the chronic bone-pain are expected to support the market growth bringing about the pain management therapeutics and treading along a promising increase in the next few years.
Bone Pain Treatment Market – Segments
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Drugs : Ibuprofen (Advil) or Acetaminophen (Tylenol), Paracetamol, and Morphine among other.
By Antibiotics : Ciprofloxacin, Clindamycin, and Vancomycin among other.
By Application : Cardiovascular Surgery, Neurosurgery, Thoracic Surgery, and Endo-Bronchial Procedures among other.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Bone Pain Treatment Market – Regional Analysis
The North American region dominates the global bone pain treatments market. Countries such as the U.S. and Canada majorly contribute to the market growth in the region. The increasing technological innovations in medical science are some of the factors substantiating market growth.
Increasing investments into R&D to develop new techniques and higher per capita health care expenditures are some of the key driving forces fostering the growth of the regional market.
Moreover, the factors such as the rising occurrences of osteoporosis and osteoarthritis among the geriatric population, a well-established healthcare system, and the increasing number of surgical procedures propel the growth of the regional market.
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Simultaneously, the growing number of hip and knee replacement procedures alongside the rising prevalence of sports injuries foster the growth of the bone pain management market in the region.
The European region stands at the second position in terms of the market size of the bone pain treatment market. The regional market exhibits a phenomenal growth prospect throughout the review period.
Furthermore, factors like financial support from the government for R&D activities, the increase in geriatric population and the increasing demand for bone pain treatments and devices drive the market growth in the region.
Besides, the rising incidences of orthopedic diseases are contributing to the market growth in this region, generating a massive demand for orthopedic pain management and spinal treatment devices during the assessment period.
The Asia Pacific bone pain treatment market is emerging as a profitable market. Increasing healthcare expenditure, increasing the prevalence of obesity disorders, and increasing funding from the government alongside a large unmet needs presages towards the growth opportunities for the market players.
Spreading awareness about the availability of novel bone-pain management techniques is accelerating the market growth in the region. The availability of low-cost, quality bone-pain management methods drives the regional market alongside the burgeoning medical tourism market.
Bone Pain Treatment Market – Competitive Analysis
The highly competitive bone pain treatment market appears fragmented owing to a number of players and the increasing investments made by them in R&D activities to bring about innovations in the bone-pain management. Manufacturers of medical devices try to develop instruments that can offer surgeons a superior option for bone fusion surgery without much of the challenges in the surgical procedures.
Key players try to offer unique, cutting-edge treatments for bone pain management to help patients by using devices with the controlled incremental expansion designs that allow physicians to optimize the pain treatment efficiently, literally, for each patient.
Key Players
Some of the leaders of the market include Amneal Pharmaceuticals LLC., Eli Lilly, Actavisplc, Marksans Pharma, Novartis International AG, Amgen, Inc., Pfizer, Inc., Debiopharm Group, Farmson Pharmaceutical Gujarat Pvt. Ltd., and Qingdao Hiseeking Enterprises Co., Ltd.
Industry/Innovation/Related News
December 11, 2018 – DiscGenics, Inc. (US), a biotechnology company involved in developing regenerative cell-based therapies to alleviate pain and restore functions in patients with degenerative diseases of the spine, announced receiving the approval from Japanese Pharmaceuticals and Medical Devices Agency (PMDA) for a Clinical Trial Notification (CTN) application for IDCT, an allogeneic injectable disc cell therapy for the treatment of degenerative disc disease (DDD).
December 11, 2018 – In2Bones Global, Inc. (US), a medical devices manufacturing & Distributor Company announced the global launch of the unique, “see-through” PitStop ® implant. The PitStop Subtalar Implant is made of PEEK, rendering it softer than metal implants to treat flat foot deformity, thus aiding patient comfort and long-term tolerance.
About Us:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India
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