Press release
Rising Demand and Market Drivers Pushing the Global Viscosupplementation Market towards Robust Growth
Viscosupplementation Market Size
What Is The Projected Market Size Of The Global Viscosupplementation Market And Its Growth Rate?
The viscosupplementation market has witnessed swift growth over the years and the trend is expected to continue in the foreseeable future.
- The market will grow from $4.1 billion in 2024 to $4.55 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.8%.
- Contributing factors to this growth include aging population, rising obesity rates, enhanced insurance coverage, and increasing awareness among patients.
- Further growth is projected with the market size estimated to reach $6.81 billion in 2029 at a CAGR of 10.6%.
- The forecast period growth can be attributed to increased healthcare expenditure, research and development, expansion of indications, regulatory support, and alternative payment models.
What Is Driving The Growth In The Viscosupplementation Market?
The increasing prevalence of osteoarthritis, a common form of arthritis, is propelling the growth of the viscosupplementation market. The disease causes degeneration of joint tissues, predominantly in the hips, knees, and hands. Viscosupplementation treatment, involving the direct injection of hyaluronic acid into bone joints, reduces pain and enhances bone functionality. As per the Centers for Disease Control and Prevention (CDC), by 2040, about 78.4 million adults aged 18 years and older in the USA are projected to have arthritis. This rise in osteoarthritis prevalence is a significant driver of market growth.
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Who Are the Key Players Driving Viscosupplementation Market Growth?
Several major companies are driving the growth in the viscosupplementation market, including:
- Seikagaku Corporation
- Anika Therapeutics Inc.
- Bioventus LLC
- Zimmer Biomet
- Johnson & Johnson Services Inc.
- Aptissen S.A.
- Smith & Nephew Plc.
- Flexion Therapeutics Inc.
- Regen Lab SA
- OrthogenRx Inc.
- Fidia Farmaceutici S.P.A
- Ferring Pharmaceuticals
- Laboratoires VIVACY
- Allergan
- Hyalgan
- Synvisc
- Euflexxa
- Sanofi S.A.
- Wellchem Pharmaceuticals Pte Ltd.
- SingHealth Group
What Are The Key Trends In The Viscosupplementation Market?
Key trends in the market include:
- Outcome-based payment models
- Patient education initiatives
- Biomarker development
- Gene therapy research
- Value-based care models
What Are The Segments Of The Global Viscosupplementation Market?
The global viscosupplementation market is segmented by:
- Type: Single Injection Viscosupplementation, Three Injection Viscosupplementation, Five Injection Viscosupplementation
- Source: Avian Origin, Non-Avian Origin
- Hyaluronic Acids: Standard Hyaluronic Acid, Stabilized Hyaluronic Acid
- Application: Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis
- End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Which Region Leads The Viscosupplementation Market?
North America was the largest region in the viscosupplementation market in 2024. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Viscosupplementation Market Global Market Report?
- Market Size Analysis: Analyze the Viscosupplementation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Viscosupplementation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Viscosupplementation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Viscosupplementation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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