In-Depth 2024 Osteoarthritis Market Analysis: Growth, Share, and Emerging Trends
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What is the Expected Growth Rate of the Osteoarthritis Market from 2024 to 2033?
The osteoarthritis market size has seen rapid growth, expected to grow from $6.24 billion in 2023 to $6.87 billion in 2024, with a CAGR of 10.1%. The increase can be attributed to the aging population, the obesity epidemic, advances in imaging, and pain management.
The osteoarthritis market is set to grow robustly, reaching $9.69 billion in 2028 at a CAGR of 9.0%. This increase is attributed to the rise of non-pharmacological approaches, disease-modifying osteoarthritis drugs (DMOADs), personalized medicine, telehealth, and remote monitoring. Notable trends include regenerative therapies, wearable devices, AI in diagnosis, and digital health tools.
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Increasing obesity-related disorders are anticipated to propel growth in the osteoarthritis market. Obesity places stress on joints, triggers inflammation, and alters hormones, all contributing to osteoarthritis. The World Obesity Federation reported in 2022 that 1 billion people worldwide, including 1 in 7 men and 1 in 5 women, are projected to live with obesity by 2030, with overweight or obesity affecting 51% of the global population by 2035. This trend is expected to drive growth in the osteoarthritis market.
1) By Treatment: Medication, Surgery, Therapy
2) By Diagnosis: Imaging, Joint Fluid Analysis
3) By Route Of Administration: Parenteral Route, Topical Route, Oral Route
4) By Disease Type: Knee Osteoarthritis, Spine Osteoarthritis, Foot And Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis
5) By End-User: Hospitals, Medical Institutes
Companies in the osteoarthritis market are developing new products like small molecule inhibitors, hyaluronic acid intra-articular injections, and single injection viscosupplements to maintain market standing. For instance, in August 2021, Seikagaku Corporation introduced HyLink, a single-injection viscosupplement for knee osteoarthritis. This product, made with Seikagaku’s exclusive crosslinking technique, aims to provide long-lasting relief from symptoms with just a 3ml dose, significantly improving knee lubrication and reducing pain.
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North America was the largest region in the chromatin immunoprecipitation (ChIP) sequencing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chromatin immunoprecipitation (chip) sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Osteoarthritis Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the osteoarthritis market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Osteoarthritis Market Include
1. Osteoarthritis Market Executive Summary
2. Osteoarthritis Market Segments
3. Osteoarthritis Market Size And Template Market Growth Rate
4. Key Osteoarthritis Market Trends
5. Major Osteoarthritis Market Drivers
……
25. Key Mergers And Acquisitions In The Osteoarthritis Market
26. Top Osteoarthritis Companies
27. Osteoarthritis Market Opportunities And Strategies
28. Osteoarthritis Market, Conclusions And Recommendations
29. Appendix
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