The global viscosupplementation market is anticipated to grow at a CAGR of around 8.6% during the forecast period. The key factors that driving market growth include the increasing prevalence of osteoarthritis across the globe coupled with the rising demand for viscosupplementation. For instance, according to Centre for Disease Control and Prevention estimation of 1 in 4 (or 54.4 million), Although there are more than 100 types of arthritis, osteoarthritis (OA) is the most common, affecting 32.5 million adults in the US. Adults in the US suffer from arthritis, with the number expected to rise to 78 million by 2040. Further, improvement in healthcare infrastructure and providence of medical assistance also drive the market. For instance, according to Commonwealth Fund, in 2018, almost 92% of the population got medical insurance coverage in the US and almost 55% population was covered under Employer-sponsored health insurance.
On the other hand, the global viscosupplementation market is projected to hinder by stringent government regulations and increasing insurance denials for viscosupplementation products. However, due to the treatment effectiveness in providing relief to patients, the market for viscosupplementation in knee osteoarthritis is rapidly increasing. Patients who didn’t recover from physical exercise, weight loss, or corticosteroid injections will benefit from viscosupplementation for knee procedures. As a result, this will be creating an opportunity for the growth of the market.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2021-2030
Segment Covered-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Anika Therapeutics, Inc., LG chem., Smith & Nephew Plc, Seikagaku Corp., Lifecore Biomedical, LLC, Sanofi S.A., Zimmer Biomet Holdings, Inc., and others
Viscosupplementation Market Report Segment
By Product
- Single-Injection
- Three-Injection
- Five-Injection
By Application
- Knee
- Hip
- Ankle
- Others
A full Report of Viscosupplementation System Market is Available at: https://www.omrglobal.com/industry-reports/viscosupplementation-market
Viscosupplementation Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Anika Therapeutics, Inc.
- Ferring B.V.
- Fidia Farmaceutici S.p.A
- Johnson & Johnson Services, Inc.
- KalVista Pharmaceuticals, Inc.
- LG Chem (Life Sciences)
- Lifecore Biomedical, LLC
- Maxigen Biotech, Inc.
- Pharmascience Inc.(PendoPharm)
- Regen Lab SA
- Sanofi S.A.
- Seikagaku Corp.
- Shanghai Haohai Biological Technology Co., Ltd.
- Smith & Nephew PLC
- Stellar Pharmaceuticals, Inc.
- Stryker Corp.
- Swiss Biomed Orthopaedics AG
- Virchow Biotech Pvt. Ltd.
- Zimmer Biomet Holdings, Inc.
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