A new market study on the 2022-2028 Europe Viscosupplementation Market with 100+ market data Tables, Pie Chat, and Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry-validated market data. The report incorporates a broad evaluation of different methods like combinations and acquisitions, thing headways, and investigation and enhancements embraced by observable market pioneers to stay at the front line in the overall market.
According to the report the “Global Europe Viscosupplementation Market Size, Analysis, and Top Vendors 2028 – Keyplayers, and others”
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Viscosupplementation could be a process within which mucopolysaccharide is given into the knee to treat osteoarthritis (OA) of the knee. mucopolysaccharide (HA) may be a present glycosaminoglycan and is a factor of the secretion and cartilage matrix within the joints.
Europe Viscosupplementation Market: Drivers
Europe’s viscosupplementation market is probably going to extend the expansion over the estimated period. For example, during a study published in BMC autoimmune disease Research and Therapy in January 2019, 63% of patients within the Netherlands, in keeping with a study by CHECK Cohort on the spread and development of hip and knee osteoarthritis per American College of Rheumatology criteria. 92% of patients with hip OA and knee problems were grouped as knee OA.
Furthermore, the growing elder public is probably going to assist the market growth. For example, per the Office of National Statistics, UK 2018, around 12 Mn people within the UK are of 65 and over, of whom 5.4 Mn are over the age of 75, 1.6 Mn are over the age of 85, and 500,000 are over the age of 90. And 14,430 centuries.
In 2019, three injection cycles lead the Europe viscosupplementation market, considering 59.5% of the worth, then five injection cycles and single injection cycles, respectively.
Europe Viscosupplementation Market: Restraints
The aftereffects of viscosupplementation are likely to obstruct market growth. These aftereffects count, swelling, joint injury, and temporary injection-site pain.
Furthermore, the European market is extremely divided owing to the entry of the many regional players into the market. The competition within the region is specifically fierce in terms of 5 cycle injections. Europe could be a leading marketplace for generic medical devices, and as a result of the relatively easy obtaining CE marks in Europe compared to USFDA approvals, the competition within the region has been fierce. Such regional competition is probably going to hinder the growth of the market.
Europe Viscosupplementation Market: Opportunities
Research and development related to viscose supplements are likely to produce beneficial growth opportunities for players within the European viscosupplementation market. as an example, researchers at the Humboldt-Universität Zu Berlin and also the Berlin Institute of Health, Germany, reported in May 2018 that HA may affect cartilage metabolism through the regulation of metalloproteinase inhibitor 3 in conditions like OA.
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In Europe, there has been increasing in the rate of osteoarthritis patients seeking alternatives to knee transplants to avoid the aftereffects related to injections of NSAIDs and corticosteroids. This aspect has changed the situation within the pharmaceutical industry, resulting in a rise in market players’ inclination towards viscosupplementation-based therapies.
Europe Viscosupplementation Market: Key Takeaways
Viscosupplementation is performed on the basis of outpatient. It’s a brief healing time, which that leads to ideal for patients who want to restart work ASAP. Viscosupplementation could be an acceptable procedure for older and younger people because the procedure uses single-injection treatment, which helps to boost restraint compliance.
The European marketplace for viscosupplementation products is sort of mature. In fact, globally, the market is now introduced with several categories of HA-based products with changes in their mass. The new trend during this industry is to introduce new combination products within the market. the most important player product pipelines count a mix of HA and corticosteroid-based injections, which combine the pain-relieving effects of corticosteroids with the long-lasting effects of HA that last approximately 6 months.
The size of the Europe viscosupplementation market is forecast to be valued at US$ 241.8 Million by the forecast period (2020-2027) and it is likely to witness US$ 343.6 Million with a CAGR of 5.0%.
Europe Viscosupplementation Market: Regulations
Medical Device Type:
- According to European guidelines, viscosupplementation products are grouped into Class III type
- Definition of sophistication III: A medical device that consists of an factor of a medical substance, where the action of the medical substance is useful.
- This class is grouped as high risk and requires premarket approval
Parameters considered in Europe:
- Standards for approval: Security and technical operations
- Evidence Required: Finite data is enough, counting material review, laboratory tests, and little clinical trials
- Approved by: Notified organizations with private entities identified by EFTA countries. Official approval by any administrative organization and marketing of the merchandise throughout the EU.
- Approval Transparency: Approval data or evidence-based data isn’t disclosed to the general public
- Requirements after approval: Aftereffects are reported to administrative organizations and to not any government organization.
Europe Viscosupplementation Market: Key Developments
Key players within the market specialize in introducing new products to expand their product portfolio. For example, Fidia Farmaceutic S.p.A. introduces HA-based intra-articular viscosupplement TRILURON (sodium hyaluronate), recommended in December 2019 for knee OA treatment.
The major players within the market specialize in adopting several strategies to extend their market share. as an example, Anika Therapeutics Inc. participated in the MEDICA 2019 International Trade Fair (Germany) and therefore the International Cartilage Regeneration and Joint Preservation Society Focus Meeting (Austria) in November 2019.
Europe Viscosupplementation Market: Segmentation
On the basis of Type, the Europe Viscosupplementation Market is segmented into:
- Single Injection Cycle
- Three Injection Cycle
- Five Injection Cycle
On the basis of End-user, the Europe Viscosupplementation Market is segmented into:
- Hospitals
- ASCs
- Clinics
On the basis of Region, the Europe Viscosupplementation Market is segmented into:
- Western Europe
- Eastern Europe
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- Russia
- Rest of Eastern Europe
Europe Viscosupplementation Market: Competitive Landscape
Key players performing in the Europe Viscosupplementation market are LG Life Sciences, Lifecore Biomedical, Ferring B.V, Bioventus LLC, Fidia Farmaceutici S.p.A., Meda AB (Mylan), Zimmer Biomet Holdings Inc., Seikagaku, Anika Therapeutics Inc., and Sanofi S.A.
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Table Of Content
Chapter No. 1 Introduction
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. USP & Key Offerings
1.2. Key Benefits for Stakehulders
1.3. Target Audience
1.4. Report Scope
Chapter No. 2 Executive Summary
2.1. Key Findings
2.1.1. Top Investment Pockets
2.1.1.1. Market Attractiveness Analysis, By Type
2.1.1.2. Market Attractiveness Analysis, By End Use
2.1.1.3. Market Attractiveness Analysis, By Region
2.2. Market Snapshot
2.3. Global Europe Viscosupplementation Market, 2017 – 2022 (USD Million)
2.4. Insights from Primary Respondents
Chapter No. 3 COVID 19 Impact Analysis
3.1. Impact Assessment of COVID-19 Pandemic, By Region
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. The Middle-East and Africa
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