Osteoarthritis Market Research Report 2017 Analysis and Forecast To 2023

Acknowledging its growing popularity and the market growth, Market Research Future, recently published a study report – The Global Osteoarthritis Market. Which indicates that the Market is booming and estimated to gain further prominence over the forecast period. Further MRFR asserts that the Market will demonstrate a massive growth by 2023, phenomenally superseding its previous growth records in terms of value with a whooping CAGR during the anticipated period. The Global Osteoarthritis Market is expected to grow at an approximate CAGR of 6.8% during the forecast period. (2017-2023).

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Market Research Future published new report, titled “Osteoarthritis Market -Research Report: Global Forecast to 2023”.

Market Highlights of Global Osteoarthritis Market Market
Osteoarthritis is the most common form of arthritis, majorly affecting hands, knees, hips and spine. Some of the symptoms of the disease are joint pain, swelling, and reduced motion in the joints. In osteoarthritis, the cartilage of the joints is damaged which covers the ends of bones in a joint. Geriatric population and over-weighted individuals are at higher risks of osteoarthritis.

Growing geriatric population, rising prevalence of the osteoarthritis and increasing per capita healthcare expenditure will drive the market growth during the forecast period. In 2015, according to the National Institutes of Health, the American geriatric population is expected to nearly double from 48 million in 2015 to 88 million by 2050. However, low per capita income in the developing countries and side effects of the treatment procedures will restrain the market growth during the forecast period.

Key players for global osteoarthritis market:
The key players for the global osteoarthritis market are Abbott. (U.S.), Novartis AG (Europe), Pfizer Inc. (U.S.), Eli Lilly and Company. (U.S.), ABIOGEN PHARMA S.p.A (Europe), Merck Sharp & Dohme Corp. (U.S.), TissueGene Inc. (U.S.), Ampio Pharmaceuticals Inc. (U.S.), Regeneron (U.S.), and others.

Market Segmentation:
The global osteoarthritis market is segmented on the basis of type, diagnosis, treatment, and end users.
On the basis of type, the market is segmented into hip osteoarthritis, wrist osteoarthritis, spinal osteoarthritis, and others.
On the basis of diagnosis, the market is segmented into imaging, joint fluid analysis, and others. The imaging segment, is sub segmented into X-rays, magnetic resonance imaging (MRI), and others.
On the basis of treatment, the market is segmented into medication, surgery, therapy, and others. The medication segmented is sub segmented into analgesics and non-steroidal anti-inflammatory drugs, and others. The analgesics sub segment, by medication, is further segmented into acetaminophen, duloxetine, and others. The non-steroidal anti-inflammatory drugs sub segment, by medication, is further segmented into aspirin, ibuprofen, naproxen sodium and naproxen, and others.
On the basis of end users, the market is segmented into hospitals & clinics, medical institutes, research organization, and others.

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Regional Analysis:
America dominates the global osteoarthritis market owing to a well-developed healthcare sector and huge patient population for osteoarthritis. Apart from this, changing lifestyle and increasing healthcare expenditure have boosted the growth of the market in America. According to the Centers for Disease Control and Prevention about 78 million (26%) U.S. adults ageing 18 years or more are estimated to have doctor diagnosed arthritis, by 2020.
Europe is the second largest osteoarthritis market, which is followed by Asia Pacific. Availability of funds for research, huge patient population, increasing healthcare expenditures, well-developed healthcare sector and government support for research & development are projected to drive the market growth during the forecasted period.
Asia Pacific is the fastest growing region in global the market due to the presence of a huge patient population. Moreover, continuously developing economies like India and China, and presence of huge opportunity in the market fuels the market growth.

On the other hand, the Middle East & Africa holds the least share in the global osteoarthritis market due to presence of poor economy, especially, in African region. Majority of the market of this region is held by the Middle East due to the well-developed healthcare sector and huge healthcare expenditure.

Major Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Osteoarthritis Market, By Type
Chapter 7. Global Osteoarthritis Market, By Diagnosis
Chapter 8. Global Osteoarthritis Market, By Treatment
Chapter 9. Global Osteoarthritis Market, By End Users
Chapter 10. Global Osteoarthritis Market, By Region
Chapter 11. Company Landscape
Chapter 12. Company Profiles
Chapter 13. MRFR Conclusion
Chapter 14. Appendix

…CONTINUED

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