Osteoarthritis therapeutics market size Revenue, Growth Opportunities, Competitive Analysis, Trends and Demand by 2026

According to IMARC Group's latest report, titled "Osteoarthritis Therapeutics Market: Global Industry Trends, Size, Share, 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 market to grow at a CAGR of 8.4% during 2021-2026.

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 is a common medical condition that causes pain and swelling in the joints due to the progressive degeneration of cartilage in the knees, hips, hands, feet, spine, shoulders and neck. It results in loss of flexibility and impaired movement in the affected joint, along with stiffness, tenderness, grating sensation and bone spurs. Upon the detection of osteoarthritis via X-ray, arthroscopy, physical examination, joint fluid analysis, blood tests or MRI scans, prescribed medication is generally administered to the patients orally, topically or parenterally. Various physical therapies and alternative medicines can also be used to improve joint function in the affected area.

Market Trends and Drivers:

The global osteoarthritis therapeutics market is majorly driven by the increasing prevalence of osteoarthritis among the masses. Supported by the rising geriatric population that is more susceptible to developing arthritis, there has been an escalating need for efficient osteoarthritis therapeutics across the globe. Apart from this, the rising incidences of obesity on the global level due to unhealthy dietary preferences and the sedentary lifestyles led by individuals have increased the risks of developing osteoarthritis. The market is further driven by a rise in the incidences of injuries and accidents while participating in sports activities. Moreover, continual research and development (R&D) activities conducted by players to launch effective diagnostic and treatment solutions for osteoarthritis and rising government support for introducing novel therapies and pipeline drugs in the market are expected to create a positive outlook for the market. Several players are also aiming to re-grow cartilage using stem cells treated with molecules, which is anticipated to create numerous growth opportunities in the market. Some of the other factors contributing to the market growth include the development of imaging biomarkers based on radiographic features and continual developments to improve the overall healthcare infrastructure.

Osteoarthritis Therapeutics Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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:

Abbott Laboratories
GlaxoSmithKline Plc
Flexion Therapeutics Inc.
Pfizer Inc.
Anika Therapeutics Inc.
Johnson & Johnson Inc.
Sanofi S.A.
Bayer Aktiengesellschaft
Horizon Therapeutics Plc
Eli Lilly and Company

Key Market Segmentation:

The report has segmented the global osteoarthritis therapeutics market on the basis of anatomy type, drug type, route of administration, end user and region.

Breakup by Anatomy Type:

Knee
Hip
Hand
Spine
Others

Breakup by Drug Type:

Nonsteroidal Anti-Inflammatory Drugs
Analgesics
Corticosteroids
Others

Breakup by Route of Administration:

Parenteral
Topical
Oral

Breakup by End User:

Hospitals
Specialty Clinics
Medical Institutions
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
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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