The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.

Market Overview

• Current Market Size:
  • The knee bursitis market was valued at $2.48 billion in 2023. It is projected to grow to $2.66 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.3%.
• Future Projections:
  • By 2028, the market is expected to reach $3.54 billion, with a CAGR of 7.4%.

Key Drivers of Market Growth

• Aging Population:
  • An older demographic is more susceptible to knee bursitis due to age-related wear and tear.
• Increased Physical Activity:
  • More people participating in sports and physical activities is leading to higher instances of knee injuries, including bursitis.
• Improved Diagnostics and Healthcare Access:
  • Better diagnostic techniques and enhanced access to healthcare services have led to increased detection and treatment of knee bursitis.
• Education Programs:
  • Training and education for healthcare professionals and patients have improved understanding and management of knee bursitis.

Read More On The Knee Bursitis Market Report 2024 – https://www.thebusinessresearchcompany.com/report/knee-bursitis-global-market-report

Future Growth Drivers

• Awareness Campaigns:
  • Increased public awareness about prevention and management of knee bursitis is expected to boost market growth.
• Rising Disposable Income and Healthcare Expenditure:
  • Growing income levels and higher spending on healthcare contribute to increased treatment access and affordability.
• Advancements in Diagnosis and Treatment:
  • Continuous improvements in diagnostic techniques and novel therapies are anticipated to drive market expansion.

Impact of Bone-Related Diseases

• Bone-Related Disease Prevalence:
  • Conditions like osteoporosis, arthritis, and bone cancer affect the skeletal system, leading to increased incidences of knee bursitis.
• Factors Contributing to Bone-Related Diseases:
  • Aging, sedentary lifestyles, poor nutrition, and environmental changes are key factors contributing to these conditions.
• Impact on Knee Bursitis:
  • Diseases such as osteoarthritis and rheumatoid arthritis cause inflammation and pressure on the knee bursa, leading to pain and reduced joint function.
• Statistics:
  • In September 2022, Healthy Bones Australia reported that 6.2 million individuals aged 50 and above were affected by osteoporosis or osteopenia, highlighting the prevalence of bone-related diseases.

Market Segmentation

• By Diagnosis:
  • Imaging Tests
  • Other Diagnostic Tests
• By Treatment:
  • Medication
  • Therapy
  • Surgery
  • Other Treatments
• By End User:
  • Hospitals and Clinics
  • Diagnostic Centers
  • Research Centers
  • Academic Institutes
  • Other End Users

Regional Insights

• North America:
  • In 2023, North America was the largest market for knee bursitis, driven by advanced healthcare infrastructure and high diagnosis rates.
• Asia-Pacific:
  • Expected to be the fastest-growing region, due to increasing healthcare investments and rising awareness about knee bursitis.

Conclusion

• The knee bursitis market is experiencing robust growth, driven by demographic changes, increased physical activity, and advancements in healthcare.
• Rising awareness, improvements in diagnostic and treatment methods, and the growing prevalence of bone-related diseases are key factors contributing to market expansion.
• With North America leading the market and Asia-Pacific emerging as a fast-growing region, the knee bursitis market is poised for continued growth and innovation in the coming years.

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