Osteoarthritis Therapeutics Market Overview Sedentary lifestyles, unhealthy dietary patterns, and therefore the rising prevalence of obesity and blood glucose are increasing the danger of developing OA among individuals. This, in confluence with the growing geriatric population, which is more vulnerable to such ailments, represents one among the key factors impelling the osteoarthritis therapeutics market growth.
Aside from this, the straightforward access to MRI scans is acting as another major growth-inducing factor. Additionally, the event of imaging biomarkers supported radiographic features, including the introduction of analgesic drugs, is contributing to the market growth. Furthermore, rising investments within the research and development (R&D) activities to launch new diagnostics and biomarkers, alongside the increasing expenditures on improving healthcare infrastructure, also are driving the market. As an example, disease-modifying drugs are under development, which focuses on proinflammatory cytokines for treating cartilage breakdown.
Risk of adverse cardiovascular events related to the utilization of NSAIDs in osteoarthritis treatment
OTC and prescription NSAIDs are widely wont to relieve pain in osteoarthritis patients.OTC and prescription NSAIDs are widely wont to relieve pain in osteoarthritis patients.
Covid-19 Impact on Osteoarthritis Therapeutics Market: In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation within the demand for the healthcare sector. The healthcare manufacturers have experienced future also as short term effect which incorporates supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption might be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and makers to the limit. In addition to the present, panic conditions have already spurred the demand for several healthcare products and services which are discussed intimately during this report. Moreover, the impact of this pandemic on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Osteoarthritis Therapeutics Market Segment OverviewBy Therapeutics Area, Nonsteroidal Anti –Inflammatory drugs segment holds the major market share in estimated time period. Related to incidence of Knee osteoarthritis is the major factor driving the growth of this segment.
By Route of Administration, This can be attributed to the wide adoption of the parenteral route for administering osteoarthritis therapeutics, because of the convenience of administration and therefore the better pharmacokinetics and pharmacodynamics leading to better patient compliance.
By End-users, the Specialty Clinics accounted for the most important share of this market in 2020. Rising number of patients for osteoarthritis that impact to hospital segment thus increasing growth of speciality hospital towards patients care and proper treatment.
Market Analysis, Insights and Forecast – By Therapeutics Area
- Anatomy Type:
- Knee
- Hip
- Hand
- Spine
- Others
- Drug Type:
- Nonsteroidal Anti-Inflammatory Drugs
- Analgesics
- Corticosteroids
- Others
Market Analysis, Insights and Forecast – By Route of Administrations
· Parenteral
· Topical
· Oral
Market Analysis, Insights and Forecast – By End User
· Hospitals
· Specialty Clinics
· Medical Institutions
· Others
Osteoarthritis Therapeutics Market Regional OverviewRegion-wise, in terms of regions, Europe commanded the biggest share of the osteoarthritis therapeutics market. the big share of this market segment are often attributed to the rising incidence of osteoarthritis, rising geriatric population, and increasing obesity rates in several European countries, including the rising number of injuries because of sports and road accidents.
Osteoarthritis Therapeutics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Osteoarthritis Therapeutics Market Competitor overviewSome key developments and strategies adopted by manufacturers in the Osteoarthritis Therapeutics are highlighted below.
· In 2020,GlaxoSmithKline announced that the U.S. Food and Drug Administration (FDA) has approved Voltaren Arthritis Pain (diclofenac sodium topical gel, 1% (NSAID)- arthritis pain reliever) as an over-the-counter (OTC) product for the temporary relief of arthritis pain within the hand, wrist, elbow, foot, ankle or knee in adults (18 years and older). With the FDA’s approval, Voltaren Arthritis Pain becomes the primary and only prescription strength, nonsteroidal anti-inflammatory drug (NSAID) topical gel for arthritis pain available OTC within the us .
Osteoarthritis Therapeutics Market, Key Players· Sanofi
· Horizon Therapeutics PLC
· Johnson & Johnson
· GlaxoSmithKline PLC
· Bayer AG
· Abbott
· Pfizer, Inc.
· Eli Lilly
· Anika Therapeutics, Inc.
· Novartis AG
· Ferring Pharmaceuticals
· Bioventus
· Zimmer Biomet Holdings, Inc.
· Fidia Farmaceutici s.p.a.
· Flexion Therapeutics, Inc.
· Pharmed Limited
· Virchow Biotech
· Kitov Pharmaceuticals Ltd.
· Assertio Therapeutics, Inc.
· Atnahs
· Almatica Pharma LLC
· OrthogenRx
· LABRHA
· Hanmi Pharm. Co., Ltd.
· Laboratorio Reig Jofre
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
