Market Research Future released a new research report named as “Osteoarthritis Market” with forecast up to 2023. Report included Exclusive analysis by Industry Experts from most reputed companies as Abbott., Novartis AG, Pfizer Inc., Eli Lilly and Company., ABIOGEN PHARMA S.P.A., Merck Sharp & Dohme Corp., etc . Report give current industry size, shares and Growth rate.
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Regional Analysis of Global Osteoarthritis Market
America dominates the Global Osteoarthritis Market owing to a well-developed healthcare sector and huge patient population for osteoarthritis. Apart from this, changing lifestyle and increasing healthcare expenditure have boosted the growth of the market in America
Europe is the second largest Osteoarthritis Market, which is followed by Asia Pacific. Availability of funds for research, huge patient population, increasing healthcare expenditures, well-developed healthcare sector and government support for research & development are projected to drive the market growth during the forecasted period.
Asia Pacific is the fastest growing region in Global the market due to the presence of a huge patient population, continuously developing economies like India and China, and presence of huge opportunity in the market. According to Indian Brand Equity Foundation in 2017, the Indian healthcare sector is one of the fastest growing industries and is expected to advance at a CAGR of 22.87% during the review period to reach USD 280 billion by 2020.
On the other hand, the Middle East & Africa holds the least share in the Global Osteoarthritis Market due to presence of poor economy, especially, in African region. Majority of the market of this region is held by the Middle East due to the well-developed healthcare sector and huge healthcare expenditure by the presence of economies like Kuwait, Saudi Arabia, Dubai and Qatar.
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