The viscosupplementation market crossed US$ 5.26 billion mark in 2022 and is expected to hit US$ 11.01 billion by 2030, recording a CAGR of 9.7% during the forecast period.
The “Viscosupplementation Market forecast 2030 report analyses the present and future competitive scenario of the analytics industry. Viscosupplementation Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications. Increasing ageing population drives the growth of viscosupplementation market. Globally, there is an increasing geriatric population who are prone to knee and hip osteoarthritis which decreases the flexibility and strength of the cartilage. According to United Nation, in 2019, about 703 million population are 65 years and above globally. It is expected to double 1.5 billion ageing population in 2050. According to the Government of Canada’s Statistics report, in 2019, the Canadian ageing population was 6,592,11 which accounts for 17.5% of the total population. The single injection viscosupplementation segment is expected to dominate the market due to rising product launch and reduction of injection volume which is easier for application and comfortable for patients.
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The report covers an in-depth analysis of the key market players within the market
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- Sanofi
- Anika Therapeutics, Inc
- Seikagaku Corp
- Zimmer Biomet
- Smith & Nephew PLC
- Ferring Pharmaceuticals BV
- Lifecore Biomedical
- LG Life Science Ltd
- Fidia Farmaceutici SpA
- F. Hoffmann-La Roche Ltd.
Recent strategic developments in viscosupplementation market
The viscosupplementation market has undergone several significant developments, and a few of these have been mentioned below:
- In August 2021, Seikagaku Corporation launched HyLink which is an intra-articular single injection viscosupplement for the treatment of knee osteoarthritis in Taiwan.
- In January 2021, Nuvo Pharmaceuticals Inc. launched NeoVisc+ 2 mL and NeoVisc ONE 4 mL in Canada. This is used in the treatment joint functionality and pain in patients suffering from degenerative or mechanical arthropathy of the knees.
In this report, the market has been segmented on the basis of:
Viscosupplementation Market by Types:
- Product
- Single Injection
- Three Injection
- Five Injection
Viscosupplementation Market by Applications:
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- Knee Osteoarthritis
- Hip Osteoarthritis
- Hand Osteoarthritis
- End Use
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Market Analysis and Insights: Viscosupplementation Market
Viscosupplementation Market report elaborates the market size, market characteristics, and market growth of the Viscosupplementation industry, and breaks down according to the type, application, and consumption space of Viscosupplementation. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
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Some of the key queries answered in this report:
- -What can we estimate about the anticipated growth rates and also the Viscosupplementation industry size by 2030?
- -What will happen in the coming existing and emerging markets?
- -Which are the five top players within the Viscosupplementation market?
- -How can the Viscosupplementation market change in the upcoming years?
- -Which product and application will take a share of the Viscosupplementation market?
- -What will be the CAGR and size of the Viscosupplementation market throughout the forecast period?
- -What are the market opportunities and challenges two-faced by the key vendors?
- -Who are the major competitors and what is their strategy?
- -What are the barriers to entry for new players in the market?
- -What would be the upcoming Viscosupplementation market behaviour forecast with trends, challenges, and drivers for development?
- -What business opportunities and dangers are faced by vendors in the market?
- -Which would be Viscosupplementation industry opportunities and challenges have faced by most vendors in the market?
- -What will be the outcomes of this market SWOT five forces analysis?
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