Viscosupplementation Market worth USD 6.6 billion by 2026

Viscosupplementation Market Analysis Size, Growth rate and Overview:

Viscosupplementation Market was valued at USD xx billion in 2017 and is expected to reach almost USD 6.6 billion by the end of 2026, growing at a CAGR of around xx% over the predicted period.

Factors encouraging the growth of viscosupplementation market are growing geriatric population, increasing demand for minimally invasive surgical procedures, leading patient awareness about new drugs and devices for the therapy of osteoarthritis and rising obese population globally. Yet, lack of safety and inefficiency of the products might hinder the market growth. The product innovation and process improvement is an opportunity window for market players as security and efficacy are the primary concerns of these products. Thus, the introduction of products that helps to overcome these concerns has an opportunity to enter and place in the global market.

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Viscosupplementation Market Key Drivers, Challenges, and Opportunities:

Main drivers of the global viscosupplementation market hold strong healthcare facilities and support, increasing awareness among the victims about the new drugs, and the growing geriatric population. Increasing obesity worldwide is also a key reason for the growth of business as obese patients are also prone to suffer joint problems due to overweight. Aggressive marketing technique used by the suppliers, the increasing trend and booming demand for the non-surgical treatment also favors this market.

The main restraining factors of the market are the absence of safety and efficacy compared with viscosupplementation process products. Also, the absence of enthusiasm of the surgeons related to this manner, and the reimbursement challenges also hinder the growth of the global market. Based on the product, the market is classified into a single injection, three injections, and five injections. Due to a growing demand for the shorter regimen, single-injection cycles are expected to grow at the highest CAGR over the projection period.

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Viscosupplementation Market – Regional Presence:

North America is the biggest region globally, accounting for high product demand due to raised awareness and acceptance of specially priced products. Europe experienced an economic downturn that created a problem in the hyaluronic acid commodities market as reimbursement policies turned out to be hard but still the premium priced products were accepted in some of the countries. However, the European market is expected to provide an essential opportunity for these products as the economic conditions are reviving. Asia-Pacific and RoW perceived to be the emerging markets for viscosupplementation and Asia-Pacific market is particularly driven by economic development, healthcare facility enhancements and great demand for minimally invasive surgeries.

Some of the Key Players Profiled in this Viscosupplementation Market Report are:

Seikagaku Corporation, Lifecore Biomedical, LLC, Zimmer Holdings Inc, Bioventus, Ferring B.V, Sanofi, Anika Therapeutics, Inc and LG Life Sciences Ltd

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