Osteomyelitis Market to grow at a CAGR of 6.7%,size,share,key opportunities

Osteomyelitis is a type of bone infection that can rise from the bacteria circulating in the bloodstream. It is mainly caused by staphylococcus aureus but another organism is linked to the age of the patient and predisposing conditions. The patient suffering from this disease often experienced pain, fever, and chills.

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Data Bridge Market Research analyses a growth rate in the global osteomyelitis market in the forecast period 2022-2029. The expected CAGR of global osteomyelitis market is tend to be around 7.50% in the mentioned forecast period. The market was valued at USD 0.89 billion in 2021, and it would grow upto USD 1.59 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The global osteomyelitis market is expected to witness significant growth during the forecast period. As per the records of NCBI in 2016, the total annual incidence rate of osteomyelitis was 13 per 100,000 (acute osteomyelitis eight and subacute osteomyelitis five per 100,000) worldwide. In addition to this, the surgery segment is projected to grow at a CAGR of 6.7% in the previously mentioned forecast period. The enormous number of disposable and reusable electrosurgical tools accounts for this segment's considerable proportion.

Global Osteomyelitis Market Dynamics

Opportunities

Increasing Demand for Retail Pharmacies

The rise in the number of drugs for osteomyelitis delivered through retail pharmacies and the surge in the number of retail pharmacies in developed countries create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.

Drivers

Rising Demand of Multi-Dimensional Therapies

Several benefits associated with minimally invasive treatments over standard treatment techniques boost the market growth. The benefits of minimally invasive treatments include less operating problems, reduced hospitalization, smaller and more aesthetic incisions, less discomfort, decreased infection risk, reduced postoperative care, and faster recovery. Additionally, advanced technology is used in minimally invasive treatments to detect and treat several disorders, including cancer. This factor boosts the opportunity of the osteomyelitis market.

Key players operating in the global osteomyelitis market include:

Novartis AG (Switzerland)

Fresenius Kabi AG (Germany)

Akorn Incorporated (U.S.)

Teva Pharmaceutical Industries Ltd (Israel)

Mylan N.V (U.S.)

Johnsons & Johnsons Services Inc (U.S.)

F. Hoffman-La Roche Ltd. (Switzerland)

Lilly (U.S.)

Merck & Co., Inc. (U.S.)

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