Viscosupplementation Industry's Quantum Leap: FMI Anticipates Market to Hit US$ 2.89 Billion by 2030

Joint pain is a common ailment affecting millions of people worldwide. It can significantly impact the quality of life, limiting mobility and causing discomfort. However, thanks to advancements in medical technology, there's a revolutionary treatment option available called Viscosupplementation Market. This innovative approach has gained considerable attention in recent years and is transforming the way we manage joint pain.

Viscosupplementation involves the injection of hyaluronic acid (HA) into the affected joint to alleviate pain and improve joint function. Hyaluronic acid is a naturally occurring substance found in the synovial fluid, which provides lubrication and cushioning to the joints. In individuals with osteoarthritis, the concentration of HA decreases, leading to joint deterioration and pain.

𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: 𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐩𝐞𝐜𝐭𝐚𝐜𝐮𝐥𝐚𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐕𝐢𝐬𝐜𝐨𝐬𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭! https://www.futuremarketinsights.com/reports/sample/rep-gb-9509

By 2022, it is anticipated that the viscosupplementation market would be worth US$ 1.98 billion. The global viscosupplementation market is predicted to grow at a CAGR of 4.8% from current levels to reach a market size of US$ 2.89 billion by 2030, based on thorough market research.

This market, which has been relatively less affected by COVID-19-induced sluggishness, will increase as a result of a combination of general and industry-specific causes, the report claims. The UN predicts that by 2050, people 60 and older will make up more than 20% of the world's population. In other words, the UN estimates that 130 million people will have osteoarthritis by 2050. These numbers suggest that during the projection period, the viscosupplementation market will grow.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

• Sanofi S.A.
• Zimmer Biomet Holdings Inc.
• Bioventus LLC
• Anika Therapeutics Inc.
• Fidia Farmaceutici S.p.A.
• Ferring B.V.
• Seikagaku Corporation
• Chugai Pharmaceutical Co., Ltd.
• OrthogenRx Inc.
• Mylan N.V.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐨𝐟 𝐕𝐢𝐬𝐜𝐨𝐬𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲:

• Three injection viscosuppplementation is expected to contribute for more than 55% of revenue share

• Knee osteoarthritis is expected to gain around one-third of market share during the forecast period

• North America is the highest revenue generating market due to scientific advancements and high adoption of viscosuppplementation.

𝐒𝐨𝐦𝐞 𝐎𝐟 𝐓𝐡𝐞 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐀𝐫𝐞:

• Fidia Pharma USA Inc., in 2019, introduced a HA (Hyaluronic Acid) based intra-articular viscosupplement called "TRILURON" to treat knee osteoarthritis. The treatments cycle involves 3 injections at weekly intervals.

• Japan-based Seikagaku Corporation, in Mar 2019, launched an intra-articular single-injection viscosupplement called "HyLink" in Italy for treating knee osteoarthritis.

• Recently, Gel-One Hyaluronate was approved as one of the injectable gels to treat osteoarthritis of knee. The pre-market clinical study reported no pseudosepsis (severe acute inflammatory responses).

𝐖𝐢𝐭𝐧𝐞𝐬𝐬 𝐓𝐡𝐞 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐁𝐫𝐨𝐮𝐠𝐡𝐭 𝐁𝐲 𝐎𝐮𝐫 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-9509

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐕𝐢𝐬𝐜𝐨𝐬𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐮𝐫𝐯𝐞𝐲:

𝐕𝐢𝐬𝐜𝐨𝐬𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:

• Single Injection Viscosupplementation
• Three Injection Viscosupplementation
• Five Injection Viscosupplementation

𝐕𝐢𝐬𝐜𝐨𝐬𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Knee Osteoarthritis
• Hip Osteoarthritis
• Shoulder Osteoarthritis
• Others

𝐕𝐢𝐬𝐜𝐨𝐬𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Clinics
• Retail Pharmacies
• Online Sales

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐌𝐈'𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐃𝐨𝐦𝐚𝐢𝐧

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𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Nandini Singh Sawlani
Future Market Insights Inc.
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Suite 401, Newark, Delaware - 19713, USA
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𝐅𝐨𝐫 𝐒𝐚𝐥𝐞𝐬 𝐄𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬:sales@futuremarketinsights.com
𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://www.futuremarketinsights.com
𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.futuremarketinsights.com/reports/viscosupplementation-market

This release was published on openPR.