Osteoarthritis Therapeutics Market Size Growth Opportunities, Product Scope, and Revenue Estimation by 2030
According to a new report published by Allied Market Research, titled, "Osteoarthritis Therapeutics Market by Anatomy, Drug Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global market was valued at $6.754 billion in 2020, and is estimated to reach $15.693 billion by 2030, growing at a CAGR of 8.8% from 2021 to 2030.Factors driving the growth of the global arthritis treatment market include increasing geriatric population, advancement in R&D activities for drug development and increasing number of drug approvals for treating pain due to arthritis. and joints. In addition, increasing incidence of joint diseases such as knee arthritis and hip osteoarthritis is contributing to the growth of the global market. According to the Journal of Rheumatologist, in 2018, about 250 million people worldwide were diagnosed with osteoarthritis of the knee. According to the Centres for Disease Control and Prevention (CDC), in 2020, approximately 32.5 million people worldwide will have been diagnosed with arthritis.
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Key Benefits for Stakeholders -
โข The report provides quantitative analysis of market segments, current trends, strategies and potential of osteoarthritis therapeutics market research to identify potential osteoarthritis therapeutics market opportunities in genetics.
โข In-depth analysis of this sector helps identify current market opportunities.
โข Market analysis and information related to key drivers, restraints and opportunities are provided. โข Porter's Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
โข The largest countries in each region are listed according to their contribution to the global market.
โข Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
โข The report includes regional and global osteoarthritis therapeutics market analysis, key players, market segments, application areas and Market growth strategies.
Major market players covered in the report, such as -
Abbott Laboratories,
Bayer AG,
Flexion Therapeutics, Inc., and
GlaxoSmithKline plc.,
Horizon Therapeutics plc.,
Johnson & Johnson,
Novartis,
Pfizer Inc.,
Sanofi, and
Zimmer Biomet Holding.
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Additionally, increasing disposable income in the development of biotechnology in the pharmaceutical sector is expected to boost the growth of the arthritis treatment market. Also, the rise in demand for effective, fast and accurate results has led to the development of new technologies in the health sector, thereby promoting the growth of the market. For example, in October 2019, Bioventus, one of the world leaders in orthobiology, announced the launch of OAKneePainRelief.com, which is a disease and product information website. It provides healthcare providers and patients with information about Bioventus' portfolio of hyaluronic acid joint fluid treatment options.
TABLE OF CONTENT -
CHAPTER 1 - INTRODUCTION:
1.1. Report description
1.2. Key market segments
1.3. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2 - EXECUTIVE SUMMARY:
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3 - MARKET OVERVIEW:
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Market Share Analysis/Top Player Positioning
3.4. Porter's Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunitiesโฆ
3.6. COVID-19 Impact Analysis on the market
Also, government initiatives for the development of research projects for pain management and access to better treatment options are key drivers of market growth. In addition, the development of the health sector and the increase in the number of women, who are more prone to knee and hip osteoarthritis, is driving the market growth. In addition, lack of exercise such as physical activity and increase among people regarding the treatment of arthritis is driving the market growth.
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The osteoarthritis therapeutics market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global osteoarthritis therapeutics market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.
Frequently Asked Questions?
Q1. What is the total market value of osteoarthritis therapeutics market report?
Q2. Which are the top companies holding the market share in osteoarthritis therapeutics market?
Q3. Which are the largest regions for this Market?
Q4. What is the leading technology of osteoarthritis therapeutics market?
Q5. What are the major drivers for this specific Market?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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