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Top Trends Transforming the Generic Musculoskeletal Disorders Drugs Market Landscape in 2025: Strategic Partnerships Transforming The Landscape Of The Generic Musculoskeletal Disorders Drugs Market
Generic Musculoskeletal Disorders Drugs Market
What Will the Generic Musculoskeletal Disorders Drugs Industry Market Size Be by 2025?
In the past few years, the generic musculoskeletal disorders drugs market has experienced significant growth. The market value is expected to rise from $0.06 billion in 2024 to $0.06 billion in 2025, registering a compound annual growth rate (CAGR) of 6.7%. The historic surge can be credited to factors such as the increasing cases of musculoskeletal disorders, laws and regulations, enhancement in healthcare infrastructure, patient knowledge and awareness, and economic factors.
What's the Long-Term Growth Forecast for the Generic Musculoskeletal Disorders Drugs Market Size Through 2029?
The market size for generic drugs for musculoskeletal disorders is predicted to experience substantial growth in the coming years, expanding to $0.08 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. The predicted growth during the forecast period is due to factors like population expansion and aging, emerging markets, the use of precision medicine and personalized treatments, healthcare reforms, and global health developments. The key trends expected during this forecast period are the integration of technology in treatments, government initiatives, changes in healthcare policies, the focus on alternatives for pain management, a higher use of biosimilars, and progress in the development of generic drugs.
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What Are the Key Growth Drivers Fueling the Generic Musculoskeletal Disorders Drugs Market Expansion?
The significant occurrence of arthritis is anticipated to drive the expansion of the generic musculoskeletal disorders drugs market. Arthritis is characterized by joint swelling and tenderness, accompanied by symptoms such as stiffness and joint pain. These generic drugs aimed at musculoskeletal disorders can alleviate muscle stiffness and treat spasms in patients with arthritis. For example, in March 2022, according to Versus Arthritis, a charity based in the UK, about 10 million people have been diagnosed with osteoarthritis in the UK. This includes around 5.4 million with knee OA, 3.2 million with hip OA, along with an approximate 450,000 living with rheumatoid arthritis and another 190,000 with psoriatic arthritis. This adds up to over 20 million individuals battling with musculoskeletal conditions, leading to more than 30 million prescriptions for these conditions, costing nearly £139 million in the fiscal year 2022-2023. Consequently, it's the high occurrence of arthritis that is fueling the generic musculoskeletal disorders drugs market's growth.
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What Are the Key Trends Driving Generic Musculoskeletal Disorders Drugs Market Growth?
The emergence of strategic alliances is an essential trend that's increasingly becoming popular in the generic musculoskeletal disorder drugs market. Several businesses in this market are venturing into collaborations to buttress their standing. For instance, Mitsubishi Tanabe Pharma Corporation, a pharmaceutical establishment headquartered in Japan, formed a partnership with Eli Lilly and Company, a US-based pharmaceutical corporation, in July 2022. This alliance empowers both entities to expand their product offerings and provide effective treatments for various conditions like diabetes. Additionally, in February 2022, Pfizer Inc., an American pharmaceutical and biotechnology organization, collaborated with Alex Therapeutics, a digital therapeutics firm based in Sweden. This fresh strategic business collaboration provides patients with science-backed, clinically authenticated, and personalized digital therapeutics.
How Is the Generic Musculoskeletal Disorders Drugs Market Segmented?
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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Which Companies Are Leading the Charge in Generic Musculoskeletal Disorders Drugs Market Innovation?
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.
Which Regions Are Leading the Global Generic Musculoskeletal Disorders Drugs Market in Revenue?
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
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