Viscosupplementation Market Cost Analysis, Strategy And Growth Factor Report By 2026
Viscosupplementation
is a treatment that helps reduce the joint pain and improves the
functional condition of the osteoarthritic joint. It involves the
injection of a thick fluid called hyaluronate into the knee.
Hyaluronic acid is found in the viscous synovial fluid that
lubricates the cartilage surfaces and protects the joints from shock.
This acid is an elastic substance that is naturally secreted by
mesothelial cells. Osteoarthritis—the most common type of
arthritis—is characterized by loss of function and degeneration of
cartilage and tissues that cover the ends of the bones in a joint.
Rising global prevalence of osteoarthritis leads to high demand for
osteoarthritis therapeutic products, including viscosupplementation.
According to Centers for Disease Control and Prevention, over 30
million people in the U.S. suffered from osteoarthritis and around
10% people over 55 years suffered from knee pain in 2015.
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According to
National Center for Biotechnology Information, 10% men and 13% women
of aged 60 years and older are suffering from osteoarthritis in the
U.S. The prevalence of osteoarthritis is high in females as compared
to men, due to menopause and hormonal imbalance. Factors that may
lead to osteoarthritis are knee injury, overweight, obesity, muscle
weakness, repetitive unnatural strain on joints, loss of bone
density, and joint laxity, among others. Thus, growing prevalence of
this disease is the major factor contributing towards growth of the
overall viscosupplementation market.
Three
injection-cycle is the largest segment in terms of revenue
contribution towards the global viscosupplementation market. Low
cost of the three-injection cycle products than single-injection
cycle products and shorter treatment period as compared to
five-injection cycle are some of the major factors contributing
toward its large share.
Product
innovation
Companies are
focusing on integrating cutting edge technologies to manufacture
advanced viscosupplements. For example, Anika Therapeutics’
launched a new patented HYAFF technology, which helps in
manufacturing of highly effective biocompatible viscosupplements.
Introduction of advanced products is a critical trend followed by
industry players in order to ensure sustainability in the competitive
viscosupplementation market.
Various government
and non-governmental organizations such as WHO are taking initiatives
to provide better quality products and services to patients suffering
from osteoarthritis. For instance, the National Institute of
Arthritis and Musculoskeletal and Skin Diseases (NIAMS), which is a
part of the National Institutes of Health (NIH) provides funds to
researchers across the U.S. for osteoarthritis research.
Competitive
landscape
Presence of various
global and local players in market leads to high competition among
vendors. The top players compete with each other on various factors
such as brand, product quality, pricing, and availability. The growth
of market players depends on market conditions, industry development,
and government support.
Key vendors in this
viscosupplementation market include Anika Therapeutics, Sanofi,
Seikagaku, Ferring Pharmaceuticals, and Fidia Farmaceutici .Other
prominent vendors in the market include Mylan, Contipro Biotech,
Lifecore Biomedical, Smith & Nephew, HTL Biotechnology, Hyaltech,
Expanscience Laboratories, Nordic Drugs, Shandong Freda Biochem, F.
Hoffmann-La Roche, Lipo Chemicals, DePuy Synthes, Galderma, Merz
Aesthetics, Shanghai Jingfeng Pharmaceutical, Allergan, TEIJIN
PHARMA, and TRB Chemedica International. Companies are focusing on
expansion of their geographical reach and increase domestic sales in
order to enhance their share in the global viscosupplementation
market.
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Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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