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Viscosupplementation Market Growth Prediction, Industry Trends, SWOT Analysis, Stable CAGR And Forecast Period 2023-2032: Seikagaku Corporation, Anika Therapeutics Inc., Bioventus LLC, Sanofi S.A., Zimmer Biomet
Viscosupplementation Market
Viscosupplementation Market Size, Growth Rate, And Forecast
The global viscosupplementation market size is expected to grow from $3.37 billion in 2022 to $3.73 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global viscosupplementation market size is expected to reach $5.36 billion in 2027 at a CAGR of 9.5%.
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Viscosupplementation Market Drivers
The rise in the prevalence of osteoarthritis is expected to propel the growth of the viscosupplementation market going forward. Osteoarthritis refers to a degenerative joint disease, also known as a common form of arthritis, in which the joints start to break down, mostly in the hips, knees, and hands. Viscosupplementation treatment helps to reduce pain and facilitate smooth bone movement by injecting hyaluronic acid straight into the bone joints which enables a reduction in pain and improves the bone's functionality. For instance, according to the Centers for Disease Control and Prevention (CDC), a US-based public health service organization, in the USA, 78.4 million adults aged 18 years and older are projected to have arthritis by 2040. Therefore, the rise in the prevalence of osteoarthritis is driving the growth of the viscosupplementation market going forward.
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Viscosupplementation Market Segments
• By Type: Single Injection Viscosupplementation, Three Injection Viscosupplementation, Five Injection Viscosupplementation
• By Source: Avian Origin, Non-Avian Origin
• By Hyaluronic Acids: Standard Hyaluronic Acid, Stabilized Hyaluronic Acid
• By Application: Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis
• By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the viscosupplementation market.
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Viscosupplementation Market Key Players
Major competitors in the viscosupplementation market are Seikagaku Corporation, Anika Therapeutics Inc., Bioventus LLC, Sanofi S.A., Zimmer Biomet, Avanos Medical Inc., Johnson & Johnson Services Inc., Aptissen S.A., Smith & Nephew Plc., Teva Pharmaceutical Industries Ltd., Merck KGaA, Flexion Therapeutics Inc., Regen Lab SA.
The Business Research Company's "Global Viscosupplementation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Viscosupplementation Market Include:
1. Executive Summary
2. Viscosupplementation Market Characteristics
3. Viscosupplementation Market Trends And Strategies
4. Viscosupplementation Market - Macro Economic Scenario
5. Viscosupplementation Market Size And Growth
………………
27. Viscosupplementation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Viscosupplementation Market
29. Viscosupplementation Market Future Outlook and Potential Analysis
30. Appendix
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