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"The Global Osteoarthritis Market is estimated at USD 7.12 billion in 2020, and it is expected to reach 12.45 billion USD by the year 2028 with a CAGR of 8.7%."
The report titled "Global Osteoarthritis Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2028" offers strategic visions into the global Osteoarthritis market along with the market size (Revenue – US$ Billion) and estimates for the duration of 2016 to 2028. The report includes competitive profiling of the leading osteoarthritis OA market vendors and the latest developments.
Osteoarthritis Knee Pain is the leading cause of disability among the elderly worldwide. Osteoarthritis is the most common musculoskeletal condition characterized by thinning cartilage in joints, resulting in bones grinding together, causing stiffness, discomfort, and limited movement. Osteoarthritis is also known as degenerative joint disease, arthritis disease, or wear and tear arthritis.
In this type of disease, the cartilage in a joint begins to deteriorate, and underlying bone starts changing. These alterations usually take time to manifest; however, they worsen over time. The primary symptoms and signs include swelling, pain or aching, stiffness, and decreased range of motion (or flexibility). Owing to high cases of arthritis causes Osteoarthritis, many key pharmaceutical companies are active in the osteoarthritis therapeutics market.
The increasing geriatric population is the primary cause behind the global osteoarthritis market growth as the disease is prominently found in the elderly population. As per data released by United Nations in 2017, the global population aged 60 or above was 962 million in 2017, and by 2050, it is expected to reach approximately 2.1 billion. As per the data given by Lancet Journal, Osteoarthritis affects about 7% of the global population, which is more than 500 million people worldwide.
However, nonsteroidal anti-inflammatory drugs in osteoarthritis treatment increase the chances of adverse cardiovascular incidents, thereby hampering the market growth. Additionally, the adoption of biomarkers in the treatment with AI technology might increase personalized medicine, ultimately generating lucrative opportunities for the global osteoarthritis therapeutics market players.
Nonsteroidal Anti-inflammatory Drugs (NSAIDs) can be further segmented into Naproxen, Aspirin, Diclofenac, Ibuprofen, Others.
Analgesics can be differentiated into duloxetine and acetaminophen.
Among various anatomy categories, knee osteoarthritis is expected to dominate the market. Viscosupplementation agents held the most significant part of the drug type segment, and it is anticipated that this category will dominate the market over the forecast period.
North America comprises the U.S., Canada, and Mexico, whereas Europe primarily covers Germany, France, the UK, Italy, and the Rest of Europe. The key countries mentioned under the Asia Pacific are China, Japan, India, Australia, and the Rest of Asia Pacific. In Latin America, Brazil, Argentina, and the Rest of Latin America are the key regional segments. Finally, in the Middle East & Africa, South Africa and the Rest of the MEA are the key regions covered in the report.
The North American region is anticipated to dominate the global osteoarthritis market due to the region's growing geriatric population and rising obesity. Moreover, extensive research and development activities to develop novel therapies and drugs are another factor that is expected to support regional growth. Europe is expected to follow the trend after North America.
Global Osteoarthritis Market Growth, Trend and Forecast 2021-2028
Chapter 1 Osteoarthritis Market Overview
1.1 Product Overview and Scope of Osteoarthritis
1.2 Osteoarthritis Market Segmentation by Type
1.2.1 Global Production Market Share of Osteoarthritis by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Osteoarthritis Market Segmentation by Application
1.3.1 Osteoarthritis Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Osteoarthritis Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Osteoarthritis (2014-2028)
Chapter 2 Global Economic Impact on Osteoarthritis Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Osteoarthritis Market Competition by Manufacturers
3.1 Global Osteoarthritis Production and Share by Manufacturers (2020 and 2020)
3.2 Global Osteoarthritis Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Osteoarthritis Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Osteoarthritis Manufacturing Base Distribution, Production Area and Product Type
3.5 Osteoarthritis Market Competitive Situation and Trends
3.5.1 Osteoarthritis Market Concentration Rate
3.5.2 Osteoarthritis Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Osteoarthritis Production, Revenue (Value) by Region (2014-2021)
4.1 Global Osteoarthritis Production by Region (2014-2021)
4.2 Global Osteoarthritis Production Market Share by Region (2014-2021)
4.3 Global Osteoarthritis Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Osteoarthritis Production, Revenue, Price and Gross Margin (2014-2021)
Chapter 5 Global Osteoarthritis Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Osteoarthritis Consumption by Regions (2014-2021)
5.2 North America Osteoarthritis Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Osteoarthritis Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Osteoarthritis Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Osteoarthritis Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Osteoarthritis Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Osteoarthritis Production, Consumption, Export, Import by Regions (2014-2021)
Chapter 6 Global Osteoarthritis Production, Revenue (Value), Price Trend by Type
6.1 Global Osteoarthritis Production and Market Share by Type (2014-2021)
6.2 Global Osteoarthritis Revenue and Market Share by Type (2014-2021)
6.3 Global Osteoarthritis Price by Type (2014-2021)
6.4 Global Osteoarthritis Production Growth by Type (2014-2021)
Chapter 7 Global Osteoarthritis Market Analysis by Application
7.1 Global Osteoarthritis Consumption and Market Share by Application (2014-2021)
7.2 Global Osteoarthritis Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Osteoarthritis Manufacturing Cost Analysis
8.1 Osteoarthritis Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Osteoarthritis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Osteoarthritis Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Osteoarthritis Major Manufacturers in 2020
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Osteoarthritis Market Forecast (2021-2028)
12.1 Global Osteoarthritis Production, Revenue Forecast (2021-2028)
12.2 Global Osteoarthritis Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Osteoarthritis Production Forecast by Type (2021-2028)
12.4 Global Osteoarthritis Consumption Forecast by Application (2021-2028)
12.5 Osteoarthritis Price Forecast (2021-2028)
Chapter 13 Appendix
The global Osteoarthritis market was valued at 7.12 billion USD in the year 2020.
Published On:Sep 2021
Base Year:2021
Historical Data:2017 - 2019
No of Pages:250
Osteoarthritis Market Size, Share & Trends Analysi...
RD Code : HP22