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Global Generic Musculoskeletal Disorders Drugs Market 2024 - By End-User Analysis, Competitive Landscape And Industry Overview 2033
Global Generic Musculoskeletal Disorders Drugs Market
The generic musculoskeletal disorders drugs market size is expected to see strong growth in the next few years. It will grow to $0.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to population growth and aging, emerging markets, precision medicine and personalized therapies, healthcare reforms, global health trends. Major trends in the forecast period include technological integration in treatment, government initiatives and healthcare policies, focus on pain management alternatives, increased adoption of biosimilars, advancements in generic drug development.
Market Overview -
Generic musculoskeletal disorders drugs refer to the medication that plays a key role in managing musculoskeletal condition. They are used to relieve pain and stiffness in muscles and treat muscle spasms.
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Rising Arthritis Prevalence Fuels Expansion Of Generic Musculoskeletal Disorders Drugs Market
The high prevalence of arthritis is expected to propel the growth of the generic musculoskeletal disorders drugs market going forward. Arthritis refers to the tenderness and swelling of joints along with the symptoms including joint pain and stiffness. Generic musculoskeletal disorders drugs help to relieve pain and stiffness in muscles and can treat muscle spasms in arthritis patients. For instance, according to the Centers for Disease Control and Prevention, a US-based government agency, by 2040, 78.4 million adults aged 18 years and older (25.9% of the total adult population) are expected to have doctor-diagnosed arthritis. Therefore, the high prevalence of arthritis is driving the growth of the generic musculoskeletal disorders drugs market.
Competitive Landscape -
Major companies operating in the generic musculoskeletal disorders drugs market report are Pfizer Inc., Sanofi S.A., Eli Lilly and Company, Ampio Pharmaceuticals Inc., Amgen Inc., Boehringer Ingelheim International GmbH, Merck & Co. Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceuticals Industries Ltd., AstraZeneca plc, Mitsubishi Tanabe Pharma Corporation, Horizon Therapeutics plc, The Procter & Gamble Company, Eisai Co. Ltd., Biogen Inc., Sino Biopharmaceutical Limited, Bristol-Myers Squibb Company, Johnson & Johnson Services Inc., AbbVie Inc., Novartis AG, F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Bayer AG, Mylan Pharmaceuticals Inc., Taisho Pharmaceutical Holdings Co. Ltd., Egalet Corporation, Mesoblast Limited, Biosplice Therapeutics Inc., Vertex Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Flexion Therapeutics Inc., .
Strategic Partnerships Transforming The Landscape Of The Generic Musculoskeletal Disorders Drugs Market
Strategic partnerships are a key trend gaining popularity in the generic musculoskeletal disorders drugs market. Many companies operating in the generic musculoskeletal disorders drugs market are undergoing partnerships to strengthen their position in the market. For instance, in July 2022, Mitsubishi Tanabe Pharma Corporation, a Japan-based pharmaceutical company partnered with Eli Lilly and Company. Eli Lilly and Company is a US-based pharmaceutical company. This partnership enables both businesses to broaden their product lines and deliver patients effective treatments for conditions such as diabetes and other illnesses. Further, in February 2022, Pfizer Inc., a US-based pharmaceutical and biotechnology corporation, partnered with Alex Therapeutics, a Sweden-based digital therapeutics company. This new strategic business relationship offers patients evidence-based, clinically verified, and tailored digital therapeutics.
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Key Segments -
The generic musculoskeletal disorders drugs market covered in this report is segmented -
1) By Treatment Type: Medication, Therapy, Surgery, Other Treatment Types
2) By Disorder Type: Osteoarthritis, Rheumatoid Arthritis, Spondylarthritis, Juvenile Idiopathic Arthritis, Psoriatic Arthritis, Fibromyalgia, Other Disorder Types
3) By Route of Administration: Oral, Parenteral, Other Routes
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Drug Store, Online Pharmacy
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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