Global Joint Pain Injections Market Growth Linked to Surging Number of Sports Injuries

Inkwood Research predicts that the Global Joint Pain Injections Market is evaluated to register a CAGR of 8.56% in terms of revenue during the forecasted years of 2022-2030.

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Joint pain injections are characterized as medicinal fluids introduced into a patient's body for facilitating faster relief from severe pain. These injections are also utilized to reduce inflammation in the joints. Numerous types of injections available in the market are hyaluronic acid (HA) injections, corticosteroid injections, placental tissue matrix (PTM) injections, and platelet-rich plasma (PRP) injections.

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Increasing Number of Sports Injuries to Propel Market Growth
Sports injuries are a result of direct impact or the application of force larger than the withstanding capacity of the body part. Hyaluronic acid injections are typically administered for the treatment of sports injuries since they encourage pain relief, improve joint function, and reduce inflammation. Besides, corticosteroids are used to treat sports-related injuries, as well. The most common sports injuries include sprains, joint injuries, strains, and bruises. According to the National Safety Council (NSC), exercise accounted for around 468,000 injuries in the United States in 2019, representing the most out of sports and recreation categories. Moreover, athletes involved in football, basketball, bicycling, playground activities, and soccer contributed to the highest number of emergency department (ED) visits during the same year.

Hyaluronic Acid is the Fastest-Growing Injection Type
Hyaluronic acid is a naturally occurring body fluid that plays a major role in the lubrication and cushioning of joints, enabling them to function efficiently. Viscosupplementation is a surgical activity where hyaluronic acid is directly injected into the joints. This technique is generally recommended when painkillers fail to alleviate pain. In the case of osteoarthritis, the layer of hyaluronic acid becomes thin, consequently leading to joint pain. An increasing number of product approvals, as well as launches, predominantly fuel the segment's growth. For instance, in April 2019, Fidia Pharma received the Food and Drug Administration (FDA) approval for Triluron, its hyaluronic acid injection. The injection is particularly designed for treating osteoarthritis knee pain.

Asia-Pacific to be the Leading Region by 2030
The market in the Asia-Pacific is fueled by key factors such as the increasing focus of market players in the region, the large population base in countries such as India and China, and the introduction of innovative products and therapies. In addition, the increase in healthcare spending, the surging prevalence of orthopedic diseases, and the availability of advanced technology further bolster the growth of the Asia-Pacific joint pain injections market.
The rivalry among tier 1 companies and tier 2 and tier 3 companies within the global joint pain injections market is rising. The threat of rivalry is increasing among market players across their respective segments, as well. Moreover, vendors distinguish their products based on quality, application, and cost.
Leading companies operating in the market are Sanofi, Allergan PLC, Pfizer Inc, etc.

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