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MediPoint: Viscosupplementation - Global Analysis and Market Forecasts

  • April 2017
  • GlobalData
Report ID: 3284414

Summary

Table of Contents

MediPoint: Viscosupplementation - Global Analysis and Market Forecasts

Summary
Osteoarthritis (OA) constitutes a growing public health burden, and is the most common cause of musculoskeletal disability around the world. Resulting from a complex interaction of biomechanical, biochemical, and genetic factors, OA develops slowly and is characterized by the degradation of the affected joint’s cartilage and bone hypertrophy. The disability is accompanied by joint pain, stiffness, and loss of range of motion. Initially treated with various therapies including physical therapy and nonsteroidal anti-inflammatory drugs (NSAIDs), advanced cases of OA have traditionally been treated surgically. However, intra-articular viscosupplementation with hyaluronic acid (HA), a high-molecular-weight glycosaminoglycan, has become an increasingly accepted therapeutic alternative to knee replacement surgery in the symptomatic management of OA over the past decade.

Global viscosupplementation market was estimated at $2.1B in 2016 spanning 39 markets. By the end of the forecast period in 2023, it is estimated that the market will grow to approximately $3.1B at a Compound Annual Growth Rate (CAGR) of 6.0%.

Key drivers of the viscosupplementation market are -
- The rising prevalence of osteoarthritis (OA) due to increasing aging and obese populations.
- The evolving multimodal treatment paradigm for OA.
- Patients seeking to delay knee replacement surgery in an effort to maintain an active lifestyle.

South America viscosupplementation market is projected to grow at a CAGR of 6.7% during the forecast period, followed by North America, APAC, Middle East and Africa at a CAGR of 6.4%, 6.3% and 5.0% respectively. The European viscosupplementation market is projected to grow at a CAGR of 3.5% during the forecast period. The US represented the largest portion of the market in 2016, holding 95.7% of the regional revenue, and is expected to maintain this dominance through the forecast period.

The market for viscosupplementation is highly fragmented, with key players varying by region and country. Unlike most orthopedic device markets, the market for viscosupplementation is largely populated by pharmaceutical companies. Although many companies maintain a direct presence in the markets they sell to, some have coordinated marketing and distribution partnerships with major orthopedic players in an effort to leverage geographical experience and existing relationships with orthopedic surgeons.

The report "MediPoint: Viscosupplementation - Global Analysis and Market Forecasts" focuses on the market outlook for viscosupplementation globally. This report analyzes and discusses the major drivers and barriers of viscosupplementation adoption, and provides an in-depth understanding of the future outlook for this market by geography, with an overall emphasis on the current and future trends in the seven countries.

Companies mentioned in this report: Anika Therapeutics, Ferring Pharmaceuticals, Fidia Farmaceutici, Sanofi, Seikagaku Corporation.

*Note: This is an on-demand report and will be delivered within 3 working days (excluding weekends) of the purchase.

Scope
- Outlook of sales volume, pricing trends, revenue trends with 2016 as base year and forecasts until 2023, for viscosupplementation.
- Company share analysis in 2016, for viscosupplementation.
- Market insights and competitive assessment of the key players within the viscosupplementation market.

Reasons to buy
- Identify the unmet needs and understand physicians’ perceptions of the current viscosupplementation products
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global viscosupplementation market in the future
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


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