Newly-released Viscosupplementation Market industry analysis report by Persistence Market Research shows that global sales of the Viscosupplementation Market in 2021 were held at US$ 4.4 Bn. With 10.8%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth. Single Injection are expected to be the highest revenue-generating type, accounting for an absolute dollar opportunity of nearly US$ 8.8 Bn during 2022 – 2032.
The viscosupplementation market is segmented by product type, application, and end user. By product type, the market is divided into single-injection and three-injection products. Single-injection products are expected to dominate the market due to their convenience and ease of use. By application, the market is segmented into knee osteoarthritis, hip osteoarthritis, and others. Knee osteoarthritis is the largest application segment, due to the high prevalence of this condition and the effectiveness of viscosupplementation in treating it. By end user, the market is segmented into hospitals, specialty clinics, and others. Hospitals are the largest end user segment, due to the availability of specialized equipment and trained medical staff.
The viscosupplementation market is highly competitive, with a large number of players operating in the industry. Some of the key players in the market include Sanofi, Anika Therapeutics, Ferring Pharmaceuticals, Smith & Nephew, and Zimmer Biomet. These companies have a strong presence in the market and offer a wide range of viscosupplementation products.
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In conclusion, the viscosupplementation market is expected to continue growing in the coming years, driven by factors such as an aging population, increasing prevalence of obesity, and a rising incidence of osteoarthritis. The market is highly competitive, with a large number of players operating in the industry. Key players in the market include Sanofi, Anika Therapeutics, Ferring Pharmaceuticals, Smith & Nephew, and Zimmer Biomet.
As per the Viscosupplementation Market industry research by Persistence Market Research – a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Viscosupplementation Market industry increased at around 10.6% CAGR, wherein, countries such as the U.S., UK, China, South Korea, and Japan held a significant share in the global market. The market is projected to grow at a CAGR of 10.8% over the coming 10 years.
Companies
- Sanofi
- Anika Therapeutics, Inc.
- Seikagaku Corp.
- Zimmer Biomet
- Smith & Nephew PLC
- Ferring Pharmaceuticals B.V.
- Lifecore Biomedical
- LG Life Sciences Ltd.
- Fidia Farmaceutici S.p.A
- F.Hoffmann-La Roche Ltd.
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Competitive Analysis
Some of the key players in the viscosupplementation market include Sanofi, Anika Therapeutics, Inc., Seikagaku Corp., Zimmer Biomet, Smith & Nephew PLC, Ferring Pharmaceuticals B.V., Lifecore Biomedical, LG Life Sciences Ltd., Fidia Farmaceutici S.p.A., and F.Hoffmann-La Roche Ltd.
Some of the recent developments in the market are as follows:
- In April 2018, Bone Therapeutics S.A. finished clinical studies for its JTA-004 intra-articular injection for knee OA.
- Recently, Anika Therapeutics, Inc. debuted Hyalofast, a hyaluronic acid-based scaffold for cartilage repair, at the International Cartilage Regeneration and Joint Preservation Society (ICRS).
- Recently, DUROLANE, a single-injection HA product from Bioventus, has been approved by the FDA to treat the pain associated with knee osteoarthritis.
Similarly, recent developments related to companies offering Viscosupplementation have been tracked by the team at Persistence Market Research, which is available in the full report.
Market Segments Covered in Viscosupplementation Market Industry Analysis
By Product Type
- Single Injection
- Three Injection
- Five Injection
By End User
- Hospitals
- Orthopaedic Clinics/Ambulatory Surgical Centres (ASCs)
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