Europe Viscosupplementation Market - Emerging Growth By Top Players Sanofi S.A., Anika Therapeutics, Inc., Seikagaku, Zimmer Biomet Holdings Inc., Meda AB (Mylan), Fidia Farmaceutici S.p.A., Bioventus LLC, Ferring B.V

Patients suffering from OA have a lower-than-normal concentration of HA in their joints. Injecting HA lubricates bones to move smoothly over each other. Viscosupplementation facilitates movement and reduces pain in the arthritic joint. It is often recommended when other nonsurgical treatment methods have failed to provide positive outcomes. Viscosupplementation is a minimally invasive procedure that involves injection of the hyaluronic acid injected into a knee joint to promote better joint development and lubrication. It also helps in reducing pain, irritation and helps in improving osteoarthritis condition.

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Europe Viscosupplementation Market: Drivers

R&D of new products is expected to boost growth of the Europe viscosupplementation market over the forecast period. For instance, in August 2019, Anika Therapeutics Inc. completed the first human surgical procedure with its injectable HA-based bone repair therapy for the treatment of bone voids and other bone defects of the skeletal system caused by trauma or age-related degeneration.

Europe Viscosupplementation Market: Opportunities

Industry consolidation and intense competition in the viscosupplementation market is expected to drive an increasing number of companies to augment their research efforts to differentiate their products from other competitors. This has led to revival of interest in next generation HA as a potential drug candidate because of its increased effectiveness. This is expected to offer lucrative growth opportunities for players in the market.

Market Trends

Increasing prevalence of obesity is expected to propel growth of Europe viscosupplementation market. For instance, according to NHS Statistics on Obesity, Physical Activity and Diet, England, 2019, 64% of adults in England were overweight or obese in 2017.

Cellulose nanofibers can be used for viscosupplementation. For instance, in October 2018, researchers from University of Freiburg, Germany, suggested viscosupplementation of the intervertebral disc nucleus pulposus tissue with the development of non-cellularized injectable suspensions of viscous chitosan solutions filled with cellulose nanofibers of the type nanofibrillated cellulose.

Regulations

I. Medical Device Directives: The directives responsible for medical devices in EU are:

II. Medical Device Directives (MDD) (93/42/EEC)
Active Implantable Medical Device Directives (AIMD) (90/385/EEC)

III. III.In-vitro Diagnostic Medical Device Directive (IVDMDD) (98/79/EC)

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Competitive Landscape

Major players operating in Europe Viscosupplementation market include, Sanofi S.A., Anika Therapeutics, Inc., Seikagaku, Zimmer Biomet Holdings Inc., Meda AB (Mylan), Fidia Farmaceutici S.p.A., Bioventus LLC, Ferring B.V, Lifecore Biomedical, and LG Life Sciences.

Key Developments

October 2019: Bioventus LLC launched a disease and product information website called OAKneePainRelief.com, which combines information on knee OA for both patients and health care providers with the full Bioventus portfolio of HA-based joint-fluid treatment options

February 2018: Ferring Pharmaceuticals announced to invest around US$ 30 million in the new Ferring Biotech Center in Saint-Prex, Switzerland, for R&D in monoclonal antibodies and biologics manufacturing

Segmentation

By Type
Single Injection Cycle
Three Injection Cycle
Five Injection Cycle
By End User
Hospitals
ASCs
Clinics

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