Viscosupplementation Market – Global Industry Forecast & Analysis over 2020 - 2026

The demand for Global Viscosupplementation Market is anticipated to be high for the next five years. By considering this demand we provide latest Global Viscosupplementation Market Report which gives complete industry analysis, market outlook, size, growth and forecast till 2026. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

As per the International Osteoarthritis Foundation reports, more than 300 million people suffer from osteoarthritis. This vast and constantly growing patient pool is projected to positively impact market growth over the coming years. Viscosupplementation is a minimally invasive medical procedure that does not need the patients to undergo knee replacement surgery, which is creating a higher demand for the procedure and augmenting industry outlook.

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While being minimally invasive, viscosupplementation treatment also offers a number of benefits such as making it easier for patients to walk, sit and recline, reduce swelling and discomfort in the affected joints, and effectively improving the daily lifestyle of patients, which is why many arthritis patients are opting for the procedure, increasing its overall implementation.

According to a research report by Global Market Insights Inc, the global viscosupplementation market is likely to surpass a valuation of $5.3 billion by 2026.

In terms of the product, the overall viscosupplementation market is classified into 5 injections, 3 injections, and single injection. Among these, the 3 injections segment is projected to record tremendous growth over the coming years due to the increasing adoption as well as availability of numerous commercialized products for osteoarthritis treatment. In fact, the segment held a valuation of more than $1.3 billion in 2019.

The 3 injections treatment is administered through weekly intervals and can effectively reduce the amount of pain experienced by the patient within weeks. As a result of the aforementioned factors, the increasing demand for 3 injections is likely to impel the segment share, thereby fostering overall market size.

Browse key industry insights spread across 150 pages with 182 market data tables & 14 figures & charts from the report, “Viscosupplementation Market Size By Product (Single Injection, 3 Injections, 5 Injections), By Source of Origin (Avian Origin, Non-avian Origin), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/viscosupplementation-market

In fact, according to a recently published news article, in 2019, Germany had approximately 2000 hospitals. With growing focus on the development of the healthcare infrastructure, hospitals will effectively offer viscosupplementation treatments for osteoarthritis patients, thereby generating significant revenues.

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On the regional front, the Spain viscosupplementation market is estimated to foresee significant revenue growth due to factors like increasing geriatric population and growing number of osteoarthritis cases in that demographic. In fact, as per recently published data, more than 7 million people are suffering from osteoarthritis in the country with many needing viscosupplementation treatments to alleviate the amount of pain in their joints.

In addition, several industry players are focusing on foraying across the European countries to capitalize on the region’s growing geriatric population needing the procedure, thereby providing a positive growth trajectory to the regional market.

Major market players are also increasingly adopting business growth strategies like acquisitions, partnerships, and new product launches bring in more revenues. Taking June 2019 for instance, Anika Therapeutics showcased Hyalofast, its new hyaluronic acid-based biodegradable scaffold that can help with cartilage repair in patients. 

The competitive landscape of the global viscosupplementation market is inclusive of players such as Genzyme Corporation, Wellchem Pharmaceuticals, Zimmer Biomet, Mylan Inc., Johnson & Johnson Services, Chugai Pharmaceutical Co., Bioventus, Aptissen, and Anika Therapeutics among others.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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