Viscosupplementation Market To Experience Lucrative Growth Due To Rising Prevalence & Incidence Of Osteoarthritis Till 2025: Grand View Research, Inc.
The global viscosupplementation market is expected to reach
USD 6.52 billion by 2025, based on a new report by Grand View Research, Inc.
The market is expected to observer an exponential growth over the next 9 years
due to the increasing incidence of osteoarthritis, wounds, gingivitis, &
ulcers and growing base of the geriatric population are some high-impact
rendering drivers of the viscosupplements market.
Estimates published by the WHO
suggest that the global population of the age group 65 years and above is
anticipated to rise from 7% in 2000 to 16% in 2050. An associated consequence
of this increase in the geriatric population will be an increase in the
incidence of obesity and osteoarthritis. Along with growing preference for
minimally invasive surgeries, global increase in the target population is
expected to significantly propel demand for viscosupplementations throughout
the forecast period.
U.S. viscosupplementation
market by product, 2014 - 2025 (USD Million)
Browse full research report on Viscosupplementation Market: http://www.grandviewresearch.com/industry-analysis/viscosupplementation-market
Further key findings from
the report suggest:
- Three
injection dominated the market in 2016, closely followed by single
injection. It can be owing to the prolonged presence and holding a
significant share of this market.
- Single
injection is anticipated to be one of the fastest growing segment owing to
the increase in convenience, reduced hospital visits, and reduced adverse
effects & associated pain
- Geographically,
Asia Pacific held the largest market share in 2016 and is expected to
maintain its position during the forecast period. This large share can be
accounted for by the presence of a sizeable base of geriatric population,
which is more susceptible to disorders such as osteoarthritis and
rheumatoid arthritis. Moreover, growing demand for minimally invasive
procedures is a significant factor contributing to the large share of Asia
Pacific.
- Due to the
presence of high unmet medical needs in emerging economies, such Brazil,
growing awareness about applications of minimally invasive techniques, and
increasing disposable income, the Latin American market is expected to
grow at a lucrative rate in the coming years
- Some key
industry contributors are Sanofi, Anika Therapeutics, Inc., Seikagaku
Corporation, Zimmer Holdings Inc, Bioventus, Ferring B.V., Lifecore
Biomedical, LLC, and LG Life Sciences Ltd
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-viscosupplementation-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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