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Bursitis Treatment Market Growth: Study in Detail about the Global Market Analysis along with Top Companies
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The global bursitis treatment market is driven by the increasing geriatric population highly prone to the bone injury. Another factor which can influence the growth of global bursitis market can be rising number of sports related injuries. Moreover, increasing incidence of elbow joint pain and R&D investment by pharmaceutical companies etc. are the factors which are driving the global bursitis market. However, lack of awareness towards bursitis treatment options, low treatment rate due to absence of signs and symptoms of bursitis are some factors limiting the growth of global bursitis treatment market.
Based on treatment type, the global bursitis treatment market is segmented into corticosteroids, antibiotic, Analgesics and others. Based on route of administration, the global bursitis treatment market is segmented into oral and tropical. Generally the tropical medications are prescribed as they can be directly applied to the affected area and provide early relief of symptoms. Based on distribution channel, the global bursitis treatment market is segmented into, hospital pharmacies, retail pharmacies, online pharmacies and drug stores. Hospital pharmacies segment is expected to hold maximum share in the market due to the increase in prescription of anti-inflammatory drugs for bursitis treatment.
Geographically, the global bursitis treatment market has been segmented into regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to remain dominant market for bursitis treatment due to a large number of established research organizations, advanced health care facilities and ongoing clinical researches on bursitis treatment. Europe region is expected to be the second largest bursitis treatment market due to easy availability of reimbursement. Asia Pacific bursitis market is expected to grow at considerable rate due to increasing healthcare spending and rise in disposable income.
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Some of the key players identified in the global bursitis treatment market are Teva Pharmaceutical Industries Ltd., Abbott Laboratories, Crecent Therapeutics Limited, Arinna Lifesciences Private Limited, Sun Pharmaceutical Industries Ltd., Cipla Inc, LUPIN Limited, Bioanalytical Systems, Inc. (Pfizer Inc.), Perrigo Company plc, Arbor Pharmaceuticals Inc. etc. among others.
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