The global osteoarthritis drugs market is witnessing various innovations on the horizons such as rapid pain relieving injections and disease modifying drugs, thanks to growing cases of major illnesses like obesity. The global osteoarthritis is expected to witness a robust competition as the market landscape continues to be increase in fragmentation. Major players in the market are making large investments in reseach and development globally, finds Transparency Market Research (TMR). Some key players in the global osteoarthritis drugs market are Pfizer Inc., Horizon Pharma plc, Ferring B.V., Sanofi, Anika Therapeutics, Inc., Chugai Pharmaceutical Co., and Bioventus, Inc.
The global osteoarthritis drugs market is expected to be propel forward in the near future, thanks to a growing awareness of diseases like degenerative bone disease, increasing R&D, and growing geriatric population as well. The pharmaceutical industry is growing through a tough phase as several key patents have expired. On the other hand, the industry is also faced with opportunities to reduce manufacturing costs considerably, due to advancements like 3D printing, several lucrative outsourcing opportunities, and prospects like Nano technology. This is expected to act as a catalyst for innovation in the industry with several firms already raising the bar with new drug developments and vital modifications in processes.
Request a PDF Brochure For the Osteoarthritis Drugs Market Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=47571
Growing Elderly Population a Major Driver of the Osteoarthritis Drugs Market
Osteoarthritis (OA) is an prevalent disease globally and it affects the elderly population quite severely. The condition is also life-threatening to many as it leads to impaired mobility leading to more potential accidents and financial constraints. However, the current crop of osteoarthritis drugs only offer pain mitigation and relief, but not a permanent solution. Additionally, osteoarthritis drugs also fail to halt disease progression. Hence, despite their lack of effectiveness and extreme high costs of viscosupplementation, the global osteoarthritis drugs market continues to grow. Moreover, the rising elderly population around the globe, and increasing reach of programs like Medicare in the US and privatized healthcare bill recently introduced in Australia, the osteoarthritis drugs market will result in several new opportunities for innovation.
Anti-Nerve Growth Therapy Promises a New Avenue for Growth
The global osteoarthritis market is witnessing several new product launches like increased investments, increasing prevalence of osteoarthritis due to growing obesity worldwide, and this has resulted in promising treatments like Anti- NGF treatments. NGF or Nerve Growth Factor is a promising therapy which can subside the progression of several arthritic conditions, and provides immense relief during chronic pain. Additionally, advent of other disease modifying osteoarthritis drug (DMOAD) also presents a new opportunity on the horizon. These drugs have proven to improve key functions like joints and promise to halt the progression of the disease as well. Nanobody is another promising treatment for arthritis.
However, lack of seriousness in treating arthritis differently than conditions like old age is a major factor restraining the growth of the market. More awareness and more promising drugs can be major impetus for growth for the osteoarthritis drugs market in the near future.
Information provided in this review is obtained from a TMR report, titled, “Osteoarthritis Drugs Market (Drug Class – Corticosteroids, NSIADs and Others, Viscosupplementation Agents; Route of Administration – Oral, Parenteral, Topical; Distribution Channel – Hospital Pharmacies, Retail pharmacies, Online pharmacies) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”
The osteoarthritis drugs market is segmented as below:
- Drug Class
- NSAIDs & Others
- Viscosupplementation Agents
- Route Of Administration
- Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East & Africa
- Drug Class
Important queries related to the keyword market addressed in the report:
- What is the projected value of the keyword market in 2029?
- In which region is the concentration of tier 1 companies the highest?
- How have the evolving regulatory policies influenced the growth of the keyword market?
- How are market players expanding their footprint in the global keyword market?
- Which end-use is expected to dominate the keyword market in terms of share and demand?
Why Choose TMR?
- Unbiased conclusions and market insights
- 24×7 customer service available to address client queries
- Highly efficient and experienced team of analysts striving to create top-quality reports
- Our reports have facilitated the growth of over 500 companies
- A systematic and methodical market research process