Press release
Joint Pain Injections Market Heats Up, Projected to Surpass US$ 9.8 Billion by 2031 with 7.8% CAGR
Joint Pain Injections Market
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Market Segmentation
Joint Type
• Knee & Ankle
• Hip Joint
• Shoulder & Elbow
• Facet Joints of Spine
• Others
Injection Type
• Corticosteroid Injections
• Hyaluronic Acid Injections
• Others
Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Companies Profiled:
• Allergan plc
• Pfizer, Inc.
• Sanofi
• Anika Therapeutics, Inc.
• Ferring B.V.
• Bioventus
• Flexion Therapeutics, Inc.
• Zimmer Biomet Holdings, Inc.
• Seikagaku Corporation
• Chugai Pharmaceutical Co., Ltd.
Market Size and Growth
In 2021, the global joint pain injections market recorded a valuation of US$ 4.7 billion. Projections indicate a robust compound annual growth rate (CAGR) of 7.8% from 2022 to 2031, with the market expected to surpass US$ 9.8 billion by the end of 2031. This signifies a substantial expansion driven by the increasing prevalence of joint-related ailments and a growing aging population.
Latest Market Trends
Keeping a finger on the pulse of industry trends is paramount for staying competitive. In recent developments, a shift towards minimally invasive procedures, personalized medicine approaches, and the integration of digital health technologies in treatment plans are emerging trends shaping the landscape of joint pain injections.
Market Drivers and Challenges
Several factors contribute to the growth of the joint pain injections market. The aging population, a surge in orthopedic disorders, and advancements in injection technologies are key drivers. However, challenges such as regulatory constraints, concerns regarding the long-term efficacy of injections, and potential side effects necessitate a careful assessment of risk and benefit ratios.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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Transparency Market Research Inc.
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