Press release
Strong Growth Ahead: Generic Musculoskeletal Disorders Drugs Market Size To Grow At Arecord 7.2% Cagr By 2029
Generic Musculoskeletal Disorders Drugs
What Is the Projected Growth of the Generic Musculoskeletal Disorders Drugs Market?
The market size of generic drugs for musculoskeletal disorders has seen robust growth lately. It is expected to rise from $0.06 billion in 2024 to $0.06 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.7%. Factors such as the prevalence of musculoskeletal disorders, regulatory landscape, improvement in healthcare infrastructure, patient awareness & education, and economic conditions contributed to the historical growth.
The market size of generic drugs for musculoskeletal disorders is forecasted to experience considerable growth in the coming years, anticipated to reach a value of $0.08 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%. This anticipated growth during the forecast period is attributed to factors such as a growing and aging population, emerging markets, advancements in personalized and precision medicines, healthcare reforms, and global health movements. Key trends expected during this forecast period involve the incorporation of technology in treatment procedures, initiatives and policies implemented by governments and healthcare entities, a shift in focus towards alternatives for pain management, a rise in the adoption of biosimilars, and advancements in the development of generic drugs.
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What Are the Emerging Segments Within the Generic Musculoskeletal Disorders Drugs Market?
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
Subsegments:
1) By Medication: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Analgesics, Corticosteroids, Disease-Modifying Antirheumatic Drugs (DMARDs), Biologics
2) By Therapy: Physical Therapy, Occupational Therapy, Chiropractic Treatment, Massage Therapy
3) By Surgery: Joint Replacement Surgery, Arthroscopy, Spinal Surgery, Fusion Surgery
4) By Other Treatment Types: Lifestyle Modifications, Alternative Therapies, Assistive Devices
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What Long-Term Drivers Are Shaping Generic Musculoskeletal Disorders Drugs Market Trends?
The considerable rate of arthritis is anticipated to spur the expansion of the generic musculoskeletal disorders drugs market in the future. Arthritis denotes the inflammation and swelling of joints accompanied by symptoms such as joint pain and rigidity. These generic drugs for musculoskeletal disorders aid in alleviating pain and muscle stiffness, and can also treat muscle spasms in individuals with arthritis. For instance, based on information released by Versus Arthritis, a charity in the UK, in March 2022, approximately 10 million people in the UK were diagnosed with osteoarthritis, which includes 5.4 million with knee OA and 3.2 million with hip OA. Additionally, roughly 450,000 have rheumatoid arthritis and 190,000 have psoriatic arthritis. This all adds up to more than 20 million people living with musculoskeletal conditions, leading to over 30 million prescriptions for these ailments at a cost of approximately £139 million in 2022-2023. For this reason, the significant occurrence of arthritis is pushing the growth of the generic musculoskeletal disorders drugs market.
Who Are the Top Competitors in Key Generic Musculoskeletal Disorders Drugs Market Segments?
Major companies operating in the generic musculoskeletal disorders drugs market include 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, 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., Bayer AG, Mylan Pharmaceuticals Inc., Taisho Pharmaceutical Holdings Co. Ltd., Flexion Therapeutics Inc.
What Generic Musculoskeletal Disorders Drugs Market Trends Are Gaining Traction Across Different Segments?
The trend of strategic alliances is increasingly becoming significant in the generic musculoskeletal disorders drugs market. A multitude of companies within the business are forming collaborations to reinforce their market standing. To illustrate, a collaboration was formed in July 2022, between Japan-based Mitsubishi Tanabe Pharma Corporation and the United States' Eli Lilly and Company. This joint initiative facilitates expansion of their product offerings, providing effective solutions for diseases, including diabetes, among others. Moreover, in February 2022, Pfizer Inc., an American pharmaceutical and biotech firm, entered into a partnership with Alex Therapeutics, a digital therapeutics firm based in Sweden. This innovative strategic partnership delivers patients accredited, evidence-based, and personalized digital therapeutics.
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Which Regions Are Becoming Hubs for Generic Musculoskeletal Disorders Drugs Market Innovation?
Asia-Pacific was the largest region in the generic musculoskeletal disorders drugs market in 2024. The regions covered in the generic musculoskeletal disorders drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Generic Musculoskeletal Disorders Drugs Market?
2. What is the CAGR expected in the Generic Musculoskeletal Disorders Drugs Market?
3. What Are the Key Innovations Transforming the Generic Musculoskeletal Disorders Drugs Industry?
4. Which Region Is Leading the Generic Musculoskeletal Disorders Drugs Market?
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