Data Bridge Market Research Added new report "Global Viscosupplementation Market" By Product Type (Single Injection, Three Injection, Five Injection), By End User (Hospital, Ambulatory Surgical Centers, Orthopedic Clinics), By Distribution channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The “Global Viscosupplementation Market” accounted to USD 3.2 billion in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Viscosupplementation is a procedure to inject lubricating fliud into a joint to facilitate better joint movement, reduce pain, and reduce osteoarthritis progression. They are widely used by hospital, ambulatory surgical centers, and orthopedic clinics.
Major Market Drivers and Restraints:
- Rising geriatric population
- Increase demand for minimally invasive surgical procedures
- Rising prevalence & incidence of osteoarthritis
- Lack of safety and inefficiency of the products
- Non-consideration of reimbursement by insurance companies
Viscosupplementation Market Segmentation:
By product type, the global viscosupplementation market is segmented into single injection, three injection, and five injection. On the basis distribution channel, the global viscosupplementation market is segmented into direct tenders, and retail.
By end user, the market for global viscosupplementation market is segmented into hospital, ambulatory surgical centers, and orthopedic clinics.
On the basis of geography, global viscosupplementation market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Viscosupplementation Market Competitive Analysis:
The global viscosupplementation market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of global viscosupplementation market for Global, Europe, North America, Asia Pacific and South America.
Viscosupplementation Market Major Market Competitors:
Some of the major players operating in global viscosupplementation market are Bioventus LLC, Ferring B.V, Fidia Pharmaceutici S.p.A, Anika Therapeutics Inc., MEDA Pharmaceuticals Switzerland GmbH, Sanofi S.A, ZIMMER BIOMET HOLDINGS, INC, Lifecore Biomedical, LLC, LG Life Sciences Ltd, Smith & Nephew Plc, Seikagaku Corporation, among others.
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