Global Knee Surgeries and Arthroplasty Pain Management Therapeutics Market
Overview:
Many types of medicines are available to help control pain, including opioids, non-steroidal anti-inflammatory drugs (NSAIDs), acetaminophen, etc. Medications help people feel more comfortable, allowing one to start moving sooner, get the strength back more quickly and recover from knee surgeries and arthroplasty faster. Thus, a surge in the number of knee surgeries and arthroplasty is expected to drive the growth of the global knee surgeries and arthroplasty pain management therapeutics market over the forecast period.
Various medicines are present in the market for reliving pain, such as (NSAIDs) non-steroidal anti-inflammatory drugs, opioids and acetaminophen. These medications help individuals in recovering from surgeries faster and feeling more comfortable and gaining back their strength. The increase in the number of arthroplasty and knee surgeries is estimated to boost the growth of the global knee surgeries and arthroplasty pain management therapeutics market over the forecast period. For instance, Springer Nature, published their data in July 2021, mentioning that overall 23,812 revision knee arthroplasties were carried out in 2018 in Germany. It also stated that the total knee arthroplasty in Germany has increased from 152,551 in 2008 to 188,866 in 2018.
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Impact of COVID-19:
The pandemic has impacted the economy of all sectors due to lockdown in various countries, including the private healthcare sector being majorly impacted by COVID-19. The pandemic has developed an economic burden on the healthcare sector in several countries. Healthcare professionals have been facing major challenges regarding manpower, consumables, and equipment for delivering quality care and also ensuring the safety of patients.
Furthermore, the pandemic has impacted the production, supply of raw materials and development, of the healthcare sector. Resulting in shutting down of various industrial establishments and causing disturbances in the supply chain of products.
The pandemic has affected the production and demand of products due to disruptions caused in the distribution channels. It has also caused financial impact on the financial status of various companies and markets.
Manufacturing and supply chains activities in China, the U.S., India, and other nations have also been disrupted due to the strictly imposed lockdowns. Whereas Singapore, Indonesia, Thailand and many other countries are facing issues regarding transportation of raw materials.
Decrease in the number of arthroscopies, joint replacements (JR), and fracture surgeries for the knee has caused a negative impact on the global knee surgeries and arthroplasty pain management therapeutics market during the forecast period. For instance, SpringerOpen, published an article in August 2021, mentioning that there has been a drop by 54% and 42% in the rate of JRs and arthroscopies respectively in April 2020. This drop was due to lockdown and social distancing.
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Drivers:
Increasing partnerships by key players is anticipated to fuel the growth of the global knee surgeries and arthroplasty pain management therapeutics market growth during the forecast period. Zydus Cadila Healthcare Ltd, partnered up with CHEMI SpA, for launching Enoxaparin Sodium injection in the U.S. market. This injection is used during hip replacement surgery, knee or abdominal surgery.
Key Takeaways:
- Rise in product approvals is estimated to boost the growth of the global knee surgeries and arthroplasty pain management therapeutics market during the forecast period. For instance, GlaxoSmithKline plc, received approval from the U.S.FDA in March 2020, for their Advil Dual Action. This product can be used for treating backaches, headaches, arthritis and various joint pains.
- Moreover, increase in product approvals for NSAIDs by regulatory authorities is anticipated to witness growth of the Non-steroidal Anti-inflammatories segment, among drug type in the global knee surgeries and arthroplasty pain management therapeutics market during the forecast period. For instance, Aurobindo Pharma, gained approval from U.S. FDA for manufacturing and marketing Ibuprofen tablets, which are used for reducing fewer and reliving pain.
Key players:
- Major players active in the global knee surgeries and arthroplasty pain management therapeutics market are Allay Therapeutics, Aurobindo Pharma, Mallinckrodt, Pfizer Inc, Delphis Pharmaceutical, AbbVie Inc., Zydus Cadila Healthcare Ltd., Taj Pharmaceuticals Limited, Novartis AG, GlaxoSmithKline plc and Purdue Pharma.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Drug
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Opportunity
- Impact Analysis
- Number of Total Knee Arthroplasty Surgeries
- Key Developments
- Regulatory Scenario
- PEST Analysis
- Pipeline Analysis
- Overview of Postoperative Pain Management Regimes for Total Knee Arthroplasty
- Global Knee Surgeries and Arthroplasty Pain Management Therapeutics Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Overall Impact On Healthcare
- Impact On Demand And Supply Analysis
- Global Knee Surgeries and Arthroplasty Pain Management Therapeutics Market, By Drug, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018–2030
- Segment Trends
- Acetaminophen
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- COX-2 inhibitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Opioids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Non-steroidal Anti-inflammatories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Ketamine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
- Global Knee Surgeries and Arthroplasty Pain Management Therapeutics Market, By Distribution Channel, 2017 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2018–2030
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Mn)
- Introduction
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