The global viscosupplementation market is anticipated to expand at a moderate CAGR of 5.7% during the forecast period. The industry is likely to cross a valuation of USD 3,777.4 million by 2034.
Due to an expanding senior population, the viscosupplementation treatment industry is anticipated to accelerate progressively from 2024 to 2034. As a result, the sales of viscosupplementation are estimated to reach USD 2,167.3 million in 2024.
Rising demand for non-surgical osteoarthritis treatments, the prevalence of lifestyle-related illnesses, and advances in the development of hyaluronic acid-based therapies are all projected to strengthen the market.
Emerging Patterns in the Viscosupplementation Market
Attributes | Details |
---|---|
Market Value for 2024 | USD 2,167.3 million |
Market Value for 2034 | USD 3,777.4 million |
Market CAGR from 2024 to 2034 | 5.7% |
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The industry is undergoing a substantial change due to an aging population. As people age, their risk of developing osteoarthritis rises, increasing the demand for effective treatments.
Viscosupplementation emerges as a feasible option, providing a non-surgical way to control joint discomfort and enhance mobility in elderly individuals. The growing aging demographic serves as a primary driver for the market expansion of viscosupplementation, with healthcare professionals increasingly focused on addressing the special needs of this age segment.
Continuous technological improvements substantially impact the evolution of viscosupplementation, improving its efficacy and patient comfort. Innovations in viscosupplement formulation, delivery techniques, and overall performance lead to increased viscosity, durability, and effectiveness throughout time.
The advances in technology make the treatment more appealing to patients and attract healthcare practitioners who want cutting-edge solutions for their patients. The viscosupplementation market thrives on technological advancement, with constant research and development efforts boosting innovation and ensuring that viscosupplementation remains a cutting-edge choice in the treatment of osteoarthritis.
Viscosupplementation's attraction is heightened by its correlation with fewer side effects and a shorter recovery time than surgical procedures. Patients are generally drawn to treatments that provide excellent relief, pose fewer hazards, and require shorter recovery times.
This choice improves the market by establishing viscosupplementation as an appealing option for people looking for a balance of efficacy and minimal disruption in their daily lives. The emphasis on patient safety and convenience helps the viscosupplementation market expansion, as viscosupplementation becomes a popular alternative for individuals preferring a faster and smoother recovery experience.
Regulations impose significant obstacles on the viscosupplementation market. Health authorities' stringent regulatory procedures for approving viscosupplements can stifle market expansion of viscosupplementation.
Complex and long approval processes deter firms from releasing new items or limit their capacity to respond rapidly to viscosupplementation demands. Regulatory uncertainty and developing standards are expected to present vendor challenges, resulting in product launch delays and increased compliance costs.
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Short-term Analysis (From 2019 to 2023):
The viscosupplementation equipment market grew steadily, driven by increasing awareness, aging demographics, and rising orthopedic diseases. Product formulation innovations and expanding uses helped to sustain the market's favorable trend.
Attributes | Details |
---|---|
Market CAGR from 2019 to 2023 | 4.4% |
Mid-term Analysis (From 2024 to 2029):
Advancements in medical technology, combined with an increasing emphasis on less invasive therapies, are projected to propel the viscosupplementation industry. Increased collaboration among viscosupplementation vendors and healthcare providers is anticipated to be critical to viscosupplementation market growth.
Long-term Analysis (From 2029 to 2034):
Due to ongoing research and development, the viscosupplementation equipment market is expected to increase steadily by 2034. Evolving reimbursement regulations and a better awareness of the benefits of viscosupplements are likely to help the market grow in the long run.
The segmented market analysis of viscosupplementation is included in the following subsection. Based on comprehensive studies, the three injection viscosupplementation sector is leading the product category, and the ambulatory surgical center segment is commanding the end user category.
The three-injection viscosupplementation category is estimated to dominate the market in 2024, accounting for 48.4%. Given the following, it makes sense:
Leading Segment | Three Injection Viscosupplementation |
---|---|
Segment Share | 48.4% |
The ambulatory surgical centers sector is expected to rule the viscosupplementation treatment market in 2024 with a 31.9% market share. Several aspects of the choice include:
Leading Segment | Ambulatory Surgical Centers |
---|---|
Segment Share | 31.9% |
The following tables show the viscosupplementation market, focusing on the largest economies in North America, Europe, and Asia Pacific. A thorough analysis reveals that China has significant prospects due to its resilient viscosupplementation producers.
With great potential, the China viscosupplementation market is expected to continue to thrive at a steady CAGR of 9.0% through 2034. This expansion is supported by:
Country | China |
---|---|
CAGR | 9.0% |
The Japan viscosupplementation treatment market is expected to evolve at a CAGR of 8.5% through 2034. The following is an explanation of this:
Country | Japan |
---|---|
CAGR | 8.5% |
Brazil viscosupplementation market is expected to flourish at a 6.2% CAGR through 2034. This expansion is maintained by:
Country | Brazil |
---|---|
CAGR | 6.2% |
The Germany viscosupplementation treatment market is anticipated to evolve at a constant 4.0% CAGR through 2034. This is clarified by:
Country | Germany |
---|---|
CAGR | 4.0% |
The United States viscosupplementation market is expected to foster a 3.9% CAGR through 2034. An outline of this is given below:
Country | United States |
---|---|
CAGR | 3.9% |
Prominent viscosupplementation vendors are vital in determining the competitive environment, and each one advances the expansion and improvement of the sector. Sanofi S.A. is a notable viscosupplementation provider, offering its knowledge and inventiveness.
Zimmer While Bioventus LLC and Anika Therapeutics Inc. offer distinctive advantages and contributions to the viscosupplementation market, Biomet Holdings Inc. is another important participant recognized for its noteworthy achievements. The pharmaceutical experience of Fidia Farmaceutici S.p.A. and Ferring B.V. adds to the market's varied portfolio.
Notable viscosupplementation producers promoting improvements in medical science include Seikagaku Corporation and Chugai Pharmaceutical Co., Ltd. OrthogenRx Inc., which contributes unique advantages to the competitive environment. At the same time, Mylan N.V. expands the market through its presence.
The major viscosupplementation manufacturers collectively influence the market dynamics, propelling innovations, dependability, and creativity in the industry. Continuous improvement is expected as they negotiate the market's potential and difficulties, guaranteeing the evolution of viscosupplementation for better patient care.
Noteworthy Advancements
Company | Details |
---|---|
Juniper Biologics | A license agreement was made in April 2022 between Juniper Biologics and Kolon Life Sciences to develop and commercialize TissueGene-C low dose (TG-C LD). This experimental non-surgical treatment is injected once into the joint to treat osteoarthritis in the knee. |
OrthogenRx, Inc. | OrthogenRx, Inc., a pioneer in viscosupplementation therapies for knee osteoarthritis, was purchased by the medical technology company Avanos Medical in December 2021. Avanos uses the FDA-approved GenVisc850 and TriVisc. |
Ono Pharmaceutical Co., Ltd. | Ono Pharmaceutical Co., Ltd. and Seikagaku Corporation introduced JOYCLU 30mg intra-articular injection in May 2021. Seikagaku was granted manufacturing and marketing approval in Japan in March 2021 for this joint function enhancement agent. |
Sanofi S.A. | Sanofi S.A.'s 'Synvisc-one' viscosupplement combines two cross-linked polymers with hyaluronic acid formulations. Due to its synthetic makeup, it can operate as a gel and a fluid. The high molecular weight is said to increase the therapeutic efficacy over the long run. |
Anika Therapeutics, Inc. | At the International Cartilage Regeneration and Joint Preservation Society (ICRS), Anika Therapeutics, Inc. revealed Hyalofast, a hyaluronic acid-based scaffold for cartilage regeneration. |
DUROLANE | FDA-approved DUROLANE, a Bioventus single-injection H.A. medication, is intended to relieve knee osteoarthritis pain. |
The viscosupplementation treatment market is to receive a valuation of USD 2,167.3 million in 2024.
The demand for viscosupplementation is estimated to attain USD 3,777.4 million by 2034.
Through 2034, the viscosupplementation industry is anticipated to develop at a 5.7% CAGR.
From 2019 to 2023, the sales of viscosupplementation registered a 4.4% CAGR.
The three injection viscosupplementation sector is set to achieve a market share of 48.4%.
A 31.9% market share is expected for the ambulatory surgical centers sector.
Estimated Size, 2024 | USD 1,474.6 million |
---|---|
Projected Size, 2034 | USD 2,767.9 million |
Value-based CAGR (2024 to 2034) | 6.5% |
Market Size (2023) | USD 6.0 billion |
---|---|
Market Size (2033) | USD 8.1 billion |
Market CAGR (2023 to 2033) | 3.0% |
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