The Europe viscosupplementation market size was projected to be US$ 4.49 billion in 2022. By the end of 2023, the market is likely to reach a valuation of US$ 4.91 billion. The market for Europe viscosupplementation is expected to garner a 9.37% CAGR and reach a market worth US$ 12.03 billion by 2033.
Key Market Trends and Highlights
| Attributes | Key insights |
|---|---|
| Estimated Market Value in 2022 | US$ 4.49 billion |
| Expected Market Value in 2023 | US$ 4.91 billion |
| Expected Market Value in 2033 | US$ 12.03 billion |
| Value based CAGR from 2023 to 2033 | 9.37% |
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| Report Attributes | Details |
|---|---|
| Market value in 2018 | US$ 4.30 billion |
| Market value in 2022 | US$ 4.49 billion |
| CAGR from 2018 to 2022 | 3.3% |
During the historical period, 2018 to 2022, the Europe viscosupplementation market grew at a CAGR of 3.3%. Healthcare organizations and pharmaceutical businesses launched awareness campaigns and educational activities to enlighten patients and healthcare professionals about the advantages and availability of viscosupplementation therapy.
Product formulas have improved due to the ongoing research and development efforts by manufacturers, including the creation of viscosupplements with greater longevity and efficacy. Viscosupplementation therapies become more appealing to patients and doctors due to these advancements.
The market grew due to the increasing skill of orthopedic experts in giving viscosupplementation injections and incorporating them into comprehensive treatment strategies.
Principal Consultant
The table below lists the top five nations expected to experience prominent growth during the forecast period. The United Kingdom and France are predicted to have the most development among these nations.
Forecast CAGRs from 2023 to 2033
| Countries | CAGR from 2023 to 2033 |
|---|---|
| The United Kingdom | 9.8% |
| France | 9.1% |
| Germany | 8.2% |
| Spain | 6.3% |
| Italy | 5.7% |
During the forecast period, the viscosupplementation market in the United Kingdom is expected to garner a 9.8% CAGR. The aging population in the United Kingdom and the rising incidence of osteoarthritis and other joint-related problems drives the need for viscosupplementation as a non-surgical therapy option.
Numerous viscosupplementation products have received regulatory approval in the United Kingdom, offering patients and medical professionals a variety of therapeutic alternatives.
The advanced healthcare system in the country, which includes specialist hospitals and clinics, makes it possible to administer viscosupplementation therapies effectively.
France market for viscosupplementation is likely to expand with a 9.1% CAGR from 2023 to 2033. Health tourism has taken up in the spa towns of France, known for their healing properties. Viscosupplementation therapies combined with pleasure and wellness activities draw patients from France and other countries to these cities, filling a distinct niche in the healthcare tourism industry.
In the field of medicine, France has a long history of research and invention. Government-sponsored research projects frequently investigate new viscosupplementation uses, formulations, and delivery techniques, expanding the range of therapeutic alternatives accessible to patients.
The Europe viscosupplementation market in Germany is likely to garner an 8.2% CAGR from 2023 to 2033. Patients from abroad seeking viscosupplementation along with other medical treatments are drawn to the well established health tourism sector of Germany. The country is a popular destination thanks to its advanced infrastructure and healthcare system.
In Germany, there is an increased prevalence of joint-related diseases such as osteoarthritis because of rising obesity rates. Germany is recognized for its orthopedic expertise and cutting-edge medical technology, which has increased demand for viscosupplementation for its minimally invasive treatment.
The Europe viscosupplementation market in Spain is anticipated to accelerate with a 6.3% CAGR during the forecast period. The favorable climate in Spain stimulates outdoor activities, rendering joint health a concern for its young population. This trend increases the demand for viscosupplementation among those who want to maintain an active lifestyle.
Like other European nations, Spain is undergoing a demographic change with a rise in older adults. This group frequently uses viscosupplementation to control joint discomfort and maintain mobility as they age. The private healthcare industry in Spain is vital in ensuring prompt access to viscosupplementation operations. Patients frequently seek therapy at private clinics if they need pain relief right away.
The Italy viscosupplementation market is poised to expand with a 5.7% CAGR during the forecast period. The importance of health and wellbeing in Italian culture is quite significant. Italian patients actively seek therapies like viscosupplementation to maintain joint health and lead active lives far into their senior years.
Viscosupplementation is a less invasive approach for treating osteoarthritis and associated problems, according to the highly qualified orthopedic specialists of Italy. The orthopedic expertise of the nation helps the market expand.
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The table below highlights how the single injection viscosupplementation of Europe viscosupplementation market is projected to lead the regional market by product type. This segment is expected to garner an 8.2% CAGR during the forecast period.
The viscosupplementation demand in Europe has been gaining immense traction in the hospitals in the last few years. During the forecast period, the hospitals segment is likely to expand with a 7.9% CAGR.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Single Injection Viscosupplementation | 8.2% |
| Hospitals | 7.9% |
Since more people are becoming aware of the need to regenerate articular joint cartilage, the single injection segment is anticipated to have a leading position in the Europe viscosupplementation industry over the projected period.
Patients will feel less pain if they receive fewer shots. A single injection is a popular choice because of how straightforward and minimally uncomfortable it is for most people. Single-injection viscosupplements frequently offer quicker relief from joint pain and stiffness than multi-injection regimens. Patients looking for immediate symptom alleviation may find this rapid onset intriguing.
In 2021, SEIKAGAKU CORPORATION (via TCM Biotech International Corp.) announced the introduction of HyLink, an intra-articular single-injection viscosupplement for treating knee osteoarthritis, in Taiwan. A cross-linked hyaluronate hydrogel, produced with the specialized cross-linking technology of Seikagaku, serves as the primary component of HyLink. Such factors aided the business in diversifying its product offering.
Based on the end user, the hospital segment is anticipated to take up a significant regional market share. The hospital segment is expected to experience a 7.9% CAGR during the forecast period.
Hospitals offer cutting-edge medical infrastructure and tools, which are crucial for safely and successfully providing viscosupplementation injections. Sterile environments, diagnostic equipment, and, if required, surgical facilities are all part of this infrastructure.
Orthopedic departments and competent healthcare specialists, such as orthopedic surgeons and rheumatologists, are common in hospitals. Hospitals are a popular location for viscosupplementation operations since these professionals are skilled in diagnosing and treating joint-related problems.
The need for cryotherapy technologies is anticipated to increase in the Europe region as a result of major manufacturers using cutting-edge technology in their viscosupplementation production. Some of the prominent developments by the important companies in this domain are provided below.
| Company | Key Developments |
|---|---|
| Anika Therapeutics, Inc. |
|
| Sanofi S.A. |
|
| Juniper Biologics |
|
| Attribute | Details |
|---|---|
| Projected market value in 2023 | US$ 4.91 billion |
| Projected market value in 2033 | US$ 12.03 billion |
| Forecast CAGR from 2023 to 2033 | 5.8% |
| Forecast period | 2023 to 2033 |
| Historical period | 2018 to 2022 |
| Market analysis | Value in US$ billion |
| Key Regions Covered |
|
| Key Countries Profiled |
|
| Key market segments |
|
| Key companies profiled |
|
The Europe viscosupplementation market is expected to reach US$ 4.91 billion by 2023.
The Europe viscosupplementation market is set to expand by a CAGR of 9.37% by 2033.
The Europe viscosupplementation industry is forecast to reach US$ 12.03 billion by 2033.
A CAGR of 8.2% is anticipated for single injection viscosupplementation throughout the predicted period.
The hospitals sector is anticipated to grow at a 7.9% CAGR during the projected period.
1. Executive Summary
1.1. Europe Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Single Injection Viscosupplementation
5.3.2. Three Injection Viscosupplementation
5.3.3. Five Injection Viscosupplementation
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2023 to 2033
6.3.1. Hospitals
6.3.2. Ambulatory Surgical Centres
6.3.3. Orthopaedic Clinics
6.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. Western Europe
7.3.2. Eastern Europe
7.4. Market Attractiveness Analysis By Region
8. Western Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. UK
8.2.1.2. France
8.2.1.3. Germany
8.2.1.4. Spain
8.2.1.5. Italy
8.2.1.6. Nordics
8.2.1.7. Rest of Western Europe
8.2.2. By Product Type
8.2.3. By End User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By End User
8.4. Key Takeaways
9. Eastern Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Russia
9.2.1.2. Rest of Eastern Europe
9.2.2. By Product Type
9.2.3. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By End User
9.4. Key Takeaways
10. Market Structure Analysis
10.1. Competition Dashboard
10.2. Competition Benchmarking
10.3. Market Share Analysis of Top Players
10.3.1. By Regional
10.3.2. By Product Type
10.3.3. By End User
11. Competition Analysis
11.1. Competition Deep Dive
11.1.1. Anika Therapeutics Inc.
11.1.1.1. Overview
11.1.1.2. Product Portfolio
11.1.1.3. Profitability by Market Segments
11.1.1.4. Sales Footprint
11.1.1.5. Strategy Overview
11.1.1.5.1. Marketing Strategy
11.1.2. Sanofi S.A.
11.1.2.1. Overview
11.1.2.2. Product Portfolio
11.1.2.3. Profitability by Market Segments
11.1.2.4. Sales Footprint
11.1.2.5. Strategy Overview
11.1.2.5.1. Marketing Strategy
11.1.3. Zimmer Biomet Holdings
11.1.3.1. Overview
11.1.3.2. Product Portfolio
11.1.3.3. Profitability by Market Segments
11.1.3.4. Sales Footprint
11.1.3.5. Strategy Overview
11.1.3.5.1. Marketing Strategy
11.1.4. Meda AB
11.1.4.1. Overview
11.1.4.2. Product Portfolio
11.1.4.3. Profitability by Market Segments
11.1.4.4. Sales Footprint
11.1.4.5. Strategy Overview
11.1.4.5.1. Marketing Strategy
11.1.5. Ferring B.V
11.1.5.1. Overview
11.1.5.2. Product Portfolio
11.1.5.3. Profitability by Market Segments
11.1.5.4. Sales Footprint
11.1.5.5. Strategy Overview
11.1.5.5.1. Marketing Strategy
11.1.6. Fidia Pharmaceutici S.p.A
11.1.6.1. Overview
11.1.6.2. Product Portfolio
11.1.6.3. Profitability by Market Segments
11.1.6.4. Sales Footprint
11.1.6.5. Strategy Overview
11.1.6.5.1. Marketing Strategy
11.1.7. Bioventus LLC
11.1.7.1. Overview
11.1.7.2. Product Portfolio
11.1.7.3. Profitability by Market Segments
11.1.7.4. Sales Footprint
11.1.7.5. Strategy Overview
11.1.7.5.1. Marketing Strategy
11.1.8. Teva Pharmaceutical Industries Ltd.
11.1.8.1. Overview
11.1.8.2. Product Portfolio
11.1.8.3. Profitability by Market Segments
11.1.8.4. Sales Footprint
11.1.8.5. Strategy Overview
11.1.8.5.1. Marketing Strategy
11.1.9. VIRCHOW BIOTECH
11.1.9.1. Overview
11.1.9.2. Product Portfolio
11.1.9.3. Profitability by Market Segments
11.1.9.4. Sales Footprint
11.1.9.5. Strategy Overview
11.1.9.5.1. Marketing Strategy
11.1.10. Lifecore Biomedical
11.1.10.1. Overview
11.1.10.2. Product Portfolio
11.1.10.3. Profitability by Market Segments
11.1.10.4. Sales Footprint
11.1.10.5. Strategy Overview
11.1.10.5.1. Marketing Strategy
12. Assumptions & Acronyms Used
13. Research Methodology
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Europe Viscosupplementation Market
