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Viscosupplementation Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

A08436
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Feb 2021 | 50 Views
 
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Viscosupplementation is defined as a safe,non-operative treatment for knee arthritis. It is FDA approved andis more successful for treatment of people who have early arthritis and less effective for advance arthritis. In viscosupplementation a gel-like fluid (hyaluronic acid) is injected into the knee joint. Hyaluronic acid is the naturally occurring substance in synovial fluid which surrounds joints. It lubricates joints to enable bones to move smoothly and reduce the pain. Osteoarthritis people have a lower concentration of hyaluronic acid in their joints which cause pain.

The injected gel is created in biologic research centers which greases up the joints by acting as a cushion. Hyaluronic acid totals with various proteins and this permits it to make ligament impervious to pressure. Viscosupplementation is an approach to influence ligament such that benefits the patient. The enhancement is a gel that is infused into the knee. It works by expanding the consistency of the joint liquid and shielding the ligament.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($USD)

  Segments covered

  Product, Application, Source and End user

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Seikagaku Corporation, Anika Therapeutics, Lifecore Biomedical, Bioventus, LLC, Zimmer Holdings Inc., Ferring B.V., Sanofi,  LG Life Sciences Ltd. and Chugai Pharmaceutical Co.

 

COVID-19 scenario analysis:

To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The geriatric population is increasing andosteoarthritis majorly affects this population and its intensity increases with increase in the age of a person. The big change in the percentage of population is showing high birth rates. And many of them are affected by broad varieties of chronic diseases like liver, cancer, osteoarthritis and kidney related diseases, which lead to growth of the global viscosupplementation market.Viscosupplementation is a method which is used for curing osteoarthritis. To prevent and reduce the friction hyaluronic acid is injected between two bones, stiff joints and mainly in knees, which leads to prevention of bone degradation.

Growing demand for treatment of diseases is influencing the growth of market. The healthcare services and facilities are increasing with time due to increase in the number of cases of osteoarthritis in the elderly population. Governments are taking initiatives and investing more in these services,which is influencing the growth. Key playersare investing more in these services which are making a positive impact among people which leads to growth of market and due to this product extension is getting easier for vendors.

Knee osteoarthritis is main reason of the disability in the geriatric population. The increase in the age of population leads to increase in the cases of knee osteoarthritis. People who are suffering from obesity, bleeding, diabetes, hypertension, cardiovascular diseases, renal failure, gastrointestinal depression, trauma and cardiovascular diseases are subjected to at high risk of knee osteoarthritis.

Key segments covered:

Segments

Sub-segments

Application

  • Knee osteoarthritis
  • Hip osteoarthritis
  • Hand osteoarthritis

Source

  • Animal
  • Non animal

Product

  • Single injection
  • Three injection
  • Five injection

End user

  • Hospitals
  • Orthopedic Clinic

Key benefits of the report:

  • This study presents the analytical depiction of the global viscosupplementation market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the globalgrowth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global viscosupplementationmarket analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the viscosupplementation market research report:

  • Who are the leading market players active in the viscosupplementation market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What can be the challenges for the viscosupplementation market in future?
  • What are the projections for the future that will help in taking further strategic steps?

 

 
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