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Future of the Viscosupplementation Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Viscosupplementation Market Size Growth Forecast: What to Expect by 2025?
In recent times, the viscosupplementation market has seen robust growth. The market is projected to expand from $4.1 billion in 2024 to $4.5 billion in 2025, registering a compound annual growth rate (CAGR) of 9.8%. Factors such as an aging demographic, escalating obesity levels, improved insurance coverage, rising awareness, patient predilections, and a surge in osteoarthritis instances have contributed to the historical growth.
How Will the Viscosupplementation Market Size Evolve and Grow by 2029?
The market size for viscosupplementation is projected to experience swift expansion in the forthcoming years. An estimation suggests its growth to reach "$6.67 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. The projected increase during the forecast period can be tied to several factors such as regulatory backing, alternative payment frameworks, heightened healthcare spending, research and development initiatives, and expansion of indications. Key trends during the forecast period consist of the implementation of outcome-centric payment models, initiatives for patient education, development of biomarkers, research in gene therapy, and the adoption of value-based healthcare models.
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What Drivers Are Propelling the Growth of Viscosupplementation Market Forward?
An increase in osteoarthritis occurrences is anticipated to accelerate viscosupplementation market growth. Osteoarthritis, a degenerative joint disorder also known as a common type of arthritis, leads to the deterioration of joints, often in the hips, knees, and hands. By directly injecting hyaluronic acid into bone joints, viscosupplementation treatment aids in alleviating pain and promoting seamless bone movement, thus enhancing bone functionality and mitigating pain. For example, the Centers for Disease Control and Prevention (CDC), a US public health organization, predicts that by 2040, around 78.4 million adults aged 18 and above in the USA will be afflicted with arthritis. Consequently, the escalating instances of osteoarthritis are fuelling the expansion of the viscosupplementation market.
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What Long-Term Trends Will Define the Future of the Viscosupplementation Market?
Leading businesses in the viscosupplementation market are emphasizing the creation of novel products such as hyaluronic acid resorbable scaffolds. These new products aim to boost joint lubrication, foster tissue regeneration, and offer enduring relief from symptoms of osteoarthritis. This innovation is intended to enhance patient's quality of life and broaden the range of treatment alternatives. A resorbable hyaluronic acid scaffold refers to a biodegradable and biocompatible structure primarily composed of hyaluronic acid (HA), a polysaccharide that naturally exists in connective tissues. For instance, in May 2023, Anika Therapeutics, Inc., a US-based firm providing orthopedic services, launched Hyalofast, a ready-to-use, resorbable hyaluronic acid scaffold for repairing cartilage. Hyalofast is designed as a hyaluronic acid-based solution focusing on joint conservation, serving as a potentially less invasive alternative to major surgical interventions.
What Are the Key Segments in the Viscosupplementation Market?
The viscosupplementation market covered in this report is segmented -
1) By Type: Single Injection Viscosupplementation, Three Injection Viscosupplementation, Five Injection Viscosupplementation
2) By Source: Avian Origin, Non-Avian Origin
3) By Hyaluronic Acids: Standard Hyaluronic Acid, Stabilized Hyaluronic Acid
4) By Application: Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis
5) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Single Injection Viscosupplementation: Hyaluronic Acid-Based Products, Non-Hyaluronic Acid Products
2) By Three Injection Viscosupplementation: Hyaluronic Acid-Based Products, Combination Products
3) By Five Injection Viscosupplementation: Hyaluronic Acid-Based Products, Combination Products
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Who Are the Key Players Shaping the Viscosupplementation Market's Competitive Landscape?
Major companies operating in the viscosupplementation market include 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 Geographic Markets Are Powering Growth in the Viscosupplementation Market?
North America was the largest region in the viscosupplementation market in 2024. The regions covered in the viscosupplementation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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