Viscosupplementation Market by Product (Single, Three, Five Injection), Application (knee, hip osteoarthritis), Source (animal, non-animal), End-user (Hospitals, Orthopedic Clinics/ASCs), Region (northamerica, Asia Pacific, Europe) - Forecast to 2027
“Increasing prevalence of osteoarthritis and the rising funding for R&D are driving the overall growth of the viscosupplementation market”
The global Viscosupplementation market size is projected to reach USD XX million by 2027 from USD XX million in 2022, at a CAGR of XX% during the forecast period. The market is driven by factors such as the increasing global prevalence of osteoarthritis, the increasing geriatric population, and the rise in sports injuries. On the other hand, the high cost of products is expected to limit market growth to a certain extent in the coming years.
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The single injection accounted for the largest market share in the viscosupplementation market, by product, during the forecast period”
The viscosupplementation market is segmented into single injection, three injections, and five injections. In 2021, single injection accounted for a sizable market share. The reduced visits to hospitals and lesser adverse effects & associated pain are driving the growth of the segment.
“Knee osteoarthritis segment accounted for the largest market share in the viscosupplementation market, by application, during the forecast period”
Based on application, the viscosupplementation market is segmented into knee osteoarthritis, hip osteoarthritis, shoulder osteoarthritis, and other applications. The knee osteoarthritis segment accounted for the largest market share in 2021. This can be attributed to the increase in the incidence of knee osteoarthritis coupled with the growing geriatric population.
“Non-animal source segment accounted for the highest CAGR”
Based on source, the viscosupplementation market is segmented into the animal source and non-animal source. The non-animal source segment accounted for the highest CAGR during the forecast period. This can be attributed due to fewer side effects, higher safety & effectiveness.
“Orthopedic clinics/ASCs segment accounted for the largest market share”
Based on end user, the viscosupplementation market is segmented into hospitals, orthopedic clinics/ambulatory surgical centers (ASCs), retail pharmacies, and online pharmacies. The orthopedic clinics/ambulatory surgical centers (ASCs) segment accounted for the largest market share in 2021. This can be attributed due to increase in demand for outpatients surgeries.
“Europe region accounted for the highest CAGR”
The global viscosupplementation market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the Asia-Pacific region is likely to retain a significant market share in 2021 and the future. The Asia-Pacific viscosupplementation market is being propelled by the rise in the number of geriatric population due to which the prevalence of osteoarthritis will increase. Europe, on the other hand, will experience significant growth in the coming years due to increase in investments by market players.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level - 27%, D-level - 18%, and Others - 55%
- By Region: North America - 51%, Europe - 21%, Asia Pacific - 18%, Latin America – 6% , and the Middle East & Africa – 4%
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Lits of Companies Profiled in the Report:
- Sanofi
- Anika therapeutics, inc.
- SEIKAGAKU CORPORATION
- Zimmer Biomet
- Smith & Nephew plc
- Ferring Pharmaceutical B.V.
- Lifecore Biomedical, LLC (Landec)
- LG Life Sciences Ltd.
- Fidia Farmaceutici S.p.A
- F.Hoffmann-La Roche Ltd.
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY
1.2.2 MARKETS COVERED
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 RESEARCH APPROACH
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Key industry insights
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 ASSUMPTIONS FOR THE STUDY
2.6 MARKET SHARE ANALYSIS
2.7 GROWTH RATE ASSUMPTIONS
2.8 LIMITATIONS
2.9 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing prevalence of osteoarthritis among geriatric population
5.2.1.2 New product development
5.2.1.3 High investments in R&D
5.2.1.4 increasing number of sports injuries
5.2.2 RESTRAINTS
5.2.2.1 High cost of products
5.2.2.2 Side effects associated with hyaluronic acid cycles
5.2.3 OPPORTUNITIES
5.2.3.1 Innovations in intra-articular single-injection viscosupplements
5.2.3.2 Safe and effective intra-articular hyaluronic acid
5.2.4 CHALLENGES
5.2.4.1 Reduced pain relief due to poor absorption of viscosupplementation
5.2.4.2 Strict government policies for the use of viscosupplementation
5.3 TECHNOLOGY ANALYSIS
5.4 VALUE CHAIN ANALYSIS
5.5 SUPPLY CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
5.7 PORTER’S FIVE FORCES ANALYSIS
6 GLOBAL VISCOSUPPLEMENTATION MARKET, BY PRODUCT (USD MILLION)
6.1 INTRODUCTION
6.2 SINGLE INJECTION
6.3 THREE INJECTION
6.4 FIVE INJECTION
7 GLOBAL VISCOSUPPLEMENTATION MARKET, BY APPLICATION (USD MILLIONS)
7.1 INTRODUCTION
7.2 KNEE OSTEOARTHRITIS
7.3 HIP OSTEOARTHRITIS
7.4 SHOULDER OSTEOARTHRITIS
7.5 OTHER APPLICATIONS
8 GLOBAL VISCOSUPPLEMENTATION MARKET, BY SOURCE (USD MILLIONS)
8.1 INTRODUCTION
8.2 ANIMAL SOURCE
8.3 NON-ANIMAL SOURCE
9 GLOBAL VISCOSUPPLEMENTATION MARKET, BY END USER
9.1 INTRODUCTION
9.2 HOSPITALS
9.3 ORTHOPEDIC CLINICS/AMBULATORY SURGICAL CENTERS (ASCS)
9.4 RETAIL PHARMACIES
9.5 ONLINE PHARMACIES
10 GLOBAL VISCOSUPPLEMENTATION MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.3 EUROPE
10.3.1 GERMANY
10.3.2 UK
10.3.3 FRANCE
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.2 JAPAN
10.4.3 INDIA
10.4.4 AUSTRALIA
10.4.5 SOUTH KOREA
10.4.6 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.5.1 BRAZIL
10.5.2 MEXICO
10.5.3 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS
11.4 MARKET SHARE ANALYSIS
11.5 COMPANY EVALUATION QUADRANT
11.6 COMPA4NY EVALUATION QUADRANT FOR STARTUPS/SMES (2020)
11.7 COMPETITIVE BENCHMARKING
11.8 COMPETITIVE SCENARIO
12 COMPANY PROFILES
12.1 KEY PLAYERS
(Business Overview, Products and Services Offered, Recent Developments, MnM View, Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) *
12.1.1 SANOFI
12.1.2 ANIKA THERAPEUTICS, INC.
12.1.3 SEIKAGAKU CORPORATION
12.1.4 ZIMMER BIOMET
12.1.5 SMITH & NEPHEW PLC
12.1.6 FERRING PHARMACEUTICAL B.V.
12.1.7 LIFECORE BIOMEDICAL, LLC (LANDEC)
12.1.8 LG LIFE SCIENCES LTD.
12.1.9 FIDIA FARMACEUTICI S.P.A
12.1.10 F.HOFFMANN-LA ROCHE LTD.
12.1.11 CHUGAI PHARMACEUTICAL CO., LTD.
12.1.12 ORTHOGENRX INC.
12.1.13 MYLAN N.V.
12.1.14 APTISSEN
12.1.15 AVANOS MEDICAL, INC.
12.1.16 BIOVENTUS
12.1.17 MIRAVO HEALTHCARE
12.1.18 LABRHA INTERNATIONAL
12.1.19 WELLCHEM PHARMACEUTICALS PTE LTD.
12.1.20 JOHNSON & JOHNSON SERVICES, INC.
*Details on Business Overview, Products and Services Offered, Recent Developments, MnM View, Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INDUSTRY INSIGHTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
Growth opportunities and latent adjacency in Viscosupplementation Market