According to the report published by Allied Market Research, The global Viscosupplementation Market size stood at USD 4.4 billion in 2021 and is projected to reach USD 10.9 billion by 2031, exhibiting a CAGR of 9.5% from 2022 to 2031.
The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.
Rise in the prevalence of osteoarthritis and increase in geriatric population across the world drive the growth of the global viscosupplementation market.
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Impact of Covid-19 on Viscosupplementation Market-
- Since viscosupplementation is a non-emergency procedure, the majority of the procedures either got canceled or got postponed during the Covid-19 pandemic especially during the initial period.
- The market was negatively impacted as most viscosupplementation product consumers are senior citizens, a demographic that was primarily been asked to stay at home to reduce the risk of infection.
Key Players of Global Viscosupplementation Market Report–
- Anika Therapeutics Inc.
- Miravo Healthcare
- Avanos Medical, Inc.
- Chugai Pharmaceutical Corp.
- Fidia Farmaceutici S.P.A
- Seikagaku Corporation
- LG Life Sciences Ltd.
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
Global Viscosupplementation Market Segmentation: –
The global viscosupplementation market is analyzed across type, application, distribution channel, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on type, the single injection viscosupplementation segment contributed to nearly half of the global viscosupplementation market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR 9.9% throughout the forecast period.
Based on application, the knee osteoarthritis segment accounted for more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 9.9% throughout the forecast period.
Based on distribution channel, the hospital pharmacies segment garnered more than half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 9.9% throughout the forecast period.
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Based on region, the market across North America generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, however, would showcase the fastest CAGR of 10.3% during the forecast period. The other regions studied in the report include LAMEA and Europe.
By Region Outlook
- North America
(U.S., Canada, Mexico)
(Germany, France, UK, Italy, Spain, Rest of Europe)
(Japan, China, India, Rest of Asia-Pacific)
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
- How big is the global & regional market in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- Which region has more opportunities?
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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