Viscosupplementation Market Growth: What to Expect Over the Next Decade

 

There are millions of people suffering from joint discomfort in the world. It can drastically reduce movement and worsen quality of life while also creating discomfort. However, Viscosupplementation Market, a cutting-edge therapy alternative, is now accessible because to developments in medical technology. This novel strategy has received a lot of attention recently and is revolutionising how we treat joint pain.

To reduce pain and enhance joint function, viscosupplementation involves injecting hyaluronic acid (HA) into the troubled joint. Synovial fluid, which lubricates and cushions joints, contains hyaluronic acid, a naturally occurring molecule. The concentration of HA falls in people with osteoarthritis, which exacerbates joint damage and pain.

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By 2022, it is anticipated that the viscosupplementation market would be worth US$ 1.98 billion. The global viscosupplementation market is predicted to grow at a CAGR of 4.8% from current levels to reach a market size of US$ 2.89 billion by 2030, based on thorough market research.

This market, which has been relatively less affected by COVID-19-induced sluggishness, will increase as a result of a combination of general and industry-specific causes, the report claims. The UN predicts that by 2050, people 60 and older will make up more than 20% of the world's population. In other words, the UN estimates that 130 million people will have osteoarthritis by 2050. These numbers suggest that during the projection period, the viscosupplementation market will grow.

Key Takeaways of Viscosupplementation Market Study:

  • Three injection viscosuppplementation is expected to contribute for more than 55% of revenue share
  • Knee osteoarthritis is expected to gain around one-third of market share during the forecast period
  • North America is the highest revenue generating market due to scientific advancements and high adoption of viscosuppplementation

Some Of The Innovations Are:

  • Fidia Pharma USA Inc., in 2019, introduced a HA (Hyaluronic Acid) based intra-articular viscosupplement called “TRILURON” to treat knee osteoarthritis. The treatments cycle involves 3 injections at weekly intervals.
  • Japan-based Seikagaku Corporation, in Mar 2019, launched an intra-articular single-injection viscosupplement called “HyLink” in Italy for treating knee osteoarthritis.
  • Recently, Gel-One Hyaluronate was approved as one of the injectable gels to treat osteoarthritis of knee. The pre-market clinical study reported no pseudosepsis (severe acute inflammatory responses).

Top Key Players Covered:

  • Sanofi S.A.
  • Zimmer Biomet Holdings Inc.
  • Bioventus LLC
  • Anika Therapeutics Inc.
  • Fidia Farmaceutici S.p.A.
  • Ferring B.V.
  • Seikagaku Corporation
  • Chugai Pharmaceutical Co., Ltd.
  • OrthogenRx Inc.
  • Mylan N.V.

Key Segments of Viscosupplementation Industry Survey:

Viscosupplementation Market by Product:

  • Single Injection Viscosupplementation
  • Three Injection Viscosupplementation
  • Five Injection Viscosupplementation

Viscosupplementation Market by Application:

  • Knee Osteoarthritis
  • Hip Osteoarthritis
  • Shoulder Osteoarthritis
  • Others

Viscosupplementation Market by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics
  • Retail Pharmacies
  • Online Sales

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