Generic Musculoskeletal Disorders Drugs Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theGeneric Musculoskeletal Disorders Drugs Market?
The growing prevalence of arthritis is set to boost the expansion of the generic musculoskeletal disorders drugs market. Arthritis, characterized by joint swelling and tenderness, along with symptoms such as joint pain and stiffness, is treated with generic drugs that alleviate muscle pain and stiffness, and address muscle spasms in arthritic patients. For example, data released by Versus Arthritis, a UK-based charity, in March 2022 highlighted that approximately 10 million people in the UK have been diagnosed with osteoarthritis. This includes 5.4 million with knee OA and 3.2 million with hip OA. Additionally, around 450,000 individuals have rheumatoid arthritis and a further 190,000 have psoriatic arthritis. This accounts for over 20 million people living with musculoskeletal conditions. Consequently, more than 30 million prescriptions were dispensed for these ailments at a cost of around £139 million in the 2022-2023 period. As a result, the increasing incidence of arthritis is fueling the expansion of the generic musculoskeletal disorders drugs market.
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#What Growth Opportunities Will Drive the Generic Musculoskeletal Disorders Drugs Market’s CAGR Through 2034?
In recent times, the market size for generic drugs for musculoskeletal disorders has seen significant growth. The market is projected to expand from $0.06 billion in 2024 to $0.06 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The growth witnessed in the past period can be credited to factors such as the prevalence of musculoskeletal disorders, regulatory conditions, advancements in healthcare infrastructure, patient consciousness and education, as well as various economic factors.
The market size of generic musculoskeletal disorders drugs is projected to witness robust growth in the upcoming years, expanding to $0.08 billion by 2029 at a compound annual growth rate (CAGR) of 7.2%. The predicted growth in this timeframe can be attributed to factors such as population growth and aging, the rise of emerging markets, the advent of precision medicine and personalized therapies, reforms in healthcare, and overall global health trends. Significant trends anticipated in this forecast period encompass the integration of technology in treatment methodologies, government initiatives and healthcare policies, a stronger emphasis on alternative pain management solutions, greater uptake of biosimilars, and key advancements in the development of generic drugs.
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What Key Market Trends and Innovations Are Shaping the Future of theGeneric Musculoskeletal Disorders Drugs Industry?
Forming strategic alliances is emerging as a prominent trend in the market for generic drugs for musculoskeletal disorders. Numerous market players are entering into collaboration, thereby fortifying their market stance. For instance, in July 2022, a collaboration was formed between Mitsubishi Tanabe Pharma Corporation, a pharmaceutical firm based in Japan, and Eli Lilly and Company, a pharmaceutical corporation headquartered in the US. This partnership facilitates both corporations to expand their product portfolio and provide effective therapeutic solutions for conditions like diabetes and other diseases. Further, Pfizer Inc., a pharmaceutical and biotechnology enterprise based in the US, formed a partnership with Alex Therapeutics, a digital therapeutics organization from Sweden, in February 2022. This newfound strategic collaboration aims to provide patients with evidence-based, clinically validated, customized digital therapeutics.
Which Companies Are Leading the Charge in Expanding theGeneric Musculoskeletal Disorders Drugs Market Growth?
Major companies operating in the generic musculoskeletal disorders drugs market include Pfizer Inc., Sanofi S.A., Eli Lilly and Company, Ampio Pharmaceuticals Inc., Amgen Inc., Boehringer Ingelheim International GmbH, Merck & Co. Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceuticals Industries Ltd., AstraZeneca plc, Mitsubishi Tanabe Pharma Corporation, Horizon Therapeutics plc, Eisai Co. Ltd., Biogen Inc., Sino Biopharmaceutical Limited, Bristol-Myers Squibb Company, Johnson & Johnson Services Inc., AbbVie Inc., Novartis AG, F. Hoffmann-La Roche Ltd., Bayer AG, Mylan Pharmaceuticals Inc., Taisho Pharmaceutical Holdings Co. Ltd., Flexion Therapeutics Inc.
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How is the Global Generic Musculoskeletal Disorders Drugs Market Segemented?
The generic musculoskeletal disorders drugs market covered in this report is segmented –
1) By Treatment Type: Medication, Therapy, Surgery, Other Treatment Types
2) By Disorder Type: Osteoarthritis, Rheumatoid Arthritis, Spondylarthritis, Juvenile Idiopathic Arthritis, Psoriatic Arthritis, Fibromyalgia, Other Disorder Types
3) By Route Of Administration: Oral, Parenteral, Other Routes
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Drug Store, Online Pharmacy
Subsegments:
1) By Medication: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Analgesics, Corticosteroids, Disease-Modifying Antirheumatic Drugs (DMARDs), Biologics
2) By Therapy: Physical Therapy, Occupational Therapy, Chiropractic Treatment, Massage Therapy
3) By Surgery: Joint Replacement Surgery, Arthroscopy, Spinal Surgery, Fusion Surgery
4) By Other Treatment Types: Lifestyle Modifications, Alternative Therapies, Assistive Devices
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