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Osteoarthritis Drugs Market is estimated to grow at a CAGR of 8.8% during the forecast period of 2023-2030 : Cognitive Market Research
Osteoarthritis Drugs Market is estimated to grow at a CAGR of 8.8% during the period of 2023-2030 : Cognitive Market Research
- Osteoarthritis is one of the most common chronic health conditions characterized by chronic pain and disability with reduced mobility. It is a degenerative condition of the joints that increases with time and is caused by the breakdown and eventual loss of cartilage in one or more joints.
Summary:
- The global Osteoarthritis Drugs market is estimated to be valued at USD 8,689.2 million in 2022 and is expected to exhibit a CAGR of 8.8% during the forecast period (2023-2030).
"To know more about The Osteoarthritis Drugs Market statistics click here: https://www.cognitivemarketresearch.com/osteoarthritis-drugs-market-report
Osteoarthritis Drugs Market Drivers
- The rising prevalence of osteoarthritis is the key factor that drives the demand for the global osteoarthritis drugs market. In addition, an increasing number of approvals for drugs is anticipated to drive the growth of the infectious disease diagnostic market. Further, the rise in the geriatric population boosts the osteoarthritis therapeutics market growth, due to the fact that geriatric individuals are more prone to osteoarthritis.
• Osteoarthritis drugs Market Opportunity
Developments in R&D activities for drug development, and an increase in funding from private & government organizations for the development of the healthcare sector will provide the opportunity for the global market.
• The restraining factor for the growth of the Osteoarthritis Drugs Market
The high cost of the drugs and side effects associated with the use of nonsteroidal anti-inflammatory drugs, such as dizziness, allergic reaction, and stomach ulcers, may restrain the growth of the global market.
Market Segmentation:
Drug Class:
• Corticosteroids
• Hyaluronic Acid
• Analgesics
• Non-steroidal Anti-Inflammatory Drugs
• Phase III Drugs
The nonsteroidal anti-inflammatory drugs segment held a dominant position in the global market. Increasing use of non-steroidal anti-inflammatory drugs in treating patients with arthritis in the market.
Route of Administration:
• Topical
• Oral
• Parenteral
By route of administration, the global market is segmented into oral, parenteral, and topical. The parenteral segment has the largest revenue share in the global market. This is attributed to the wide adoption of the parenteral route due to its ease of administration. In addition, the parenteral route has better pharmacodynamic and pharmacokinetic activity.
Disease Type:
• Shoulder Osteoarthritis
• Ankle Osteoarthritis
• Hip Osteoarthritis
• Knee Osteoarthritis
• Others (Spinal Osteoarthritis and Cervical Osteoarthritis)
Knee Osteoarthritis has the largest revenue share in the global osteoarthritis drugs market. This is attributed to the rising prevalence of knee osteoarthritis across the globe.
The Major Players in Osteoarthritis Drugs Market are:
Johnson & Johnson, Pfizer, Eli Lilly, Abbott, GlaxoSmithKline, Sanofi, Flexion Therapeutics
Get free sample pages of the latest published Osteoarthritis Drugs Report:
https://www.cognitivemarketresearch.com/osteoarthritis-drugs-market-report/report_enquiry/4
Regional Analysis:
- North America held the largest revenue share for the global osteoarthritis drugs market
North America dominates the global osteoarthritis drugs market with the highest revenue share. This is attributed to increasing healthcare expenditure along with the availability of treatment options is anticipated to drive the demand for the global market. Furthermore, Asia-Pacific is forecasted to dominate the global market. This is attributed to the growth in the geriatric population in the country in the region.
Osteoarthritis drugs market recent development
• Moebius Medical announced the US Food and Drug Administration clearance for the treatment of pain due to knee osteoarthritis (OA).
In December 2020, Moebius Medical introduced its investigational new drug (IND) application for MM-II, a novel candidate for the treatment of pain caused by knee osteoarthritis, which has been approved by the US Food and Drug Administration.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Osteoarthritis Drugs Market
• 3.1 Global Osteoarthritis Drugs Market Size 2018 - 2030, (USD Million)
• 3.2 Global Osteoarthritis Drugs Value, Absolute & Opportunity Analysis
• 3.3 Global Osteoarthritis Drugs Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Osteoarthritis Drugs Market Statistics 2022: Snapshot
Chapter 4 Global Osteoarthritis Drugs Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Osteoarthritis Drugs Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Osteoarthritis Drugs Industry Mergers and Acquisition Analysis
• 5.3 Global Osteoarthritis Drugs New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Osteoarthritis Drugs Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Osteoarthritis Drugs Market by Drug Class Segmentation Analysis (2018-2030)
Chapter 10 Global Osteoarthritis Drugs Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Osteoarthritis Drugs Market by Route of Administration Segmentation Analysis (2018-2030)
Chapter 12 Global Osteoarthritis Drugs Market by Disease Type Segmentation Analysis (2018-2030)
Chapter 13 Global Osteoarthritis Drugs Market Regional Analysis
Chapter 14 North America Osteoarthritis Drugs Market Outlook (2018 - 2030)
Chapter 15 Europe Osteoarthritis Drugs Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Osteoarthritis Drugs Market Outlook (2018 - 2030)
Chapter 17 Latin America Osteoarthritis Drugs Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Osteoarthritis Drugs Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customized/Exclusive Report Access on Request
To know more Osteoarthritis Drugs Market TOC click here: https://www.cognitivemarketresearch.com/osteoarthritis-drugs-market-report#table_of_contents
Related report
• Osteoarthritis Treatment Market - https://www.cognitivemarketresearch.com/osteoarthritis-treatment-market-report
• Osteoarthritis Pain Drugs Market - https://www.cognitivemarketresearch.com/osteoarthritis-pain-drugs-market-report
• Rheumatoid Arthritis Drugs Market - https://www.cognitivemarketresearch.com/rheumatoid-arthritis-drugs-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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