Global Musculoskeletal Disorders Drugs Market 2022 – Market Opportunities And Strategies
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The musculoskeletal disorders drugs market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of 12%, as per The Business Research Company’s market report!
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The Musculoskeletal Disorders Drugs Market Size In 2022 And Forecast
The global musculoskeletal disorders drugs market is expected to grow from $897.45 billion in 2021 to $104.03 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The musculoskeletal disorders drugs market is expected to reach $163.94 billion in 2026 at a CAGR of 12%.
The musculoskeletal disorders drugs market consists of sales of musculoskeletal disorders drugs and related services by entities (organizations, sole traders and partnerships) that produce musculoskeletal disorders drugs to treat musculoskeletal disorders such as arthritis, osteoporosis, osteomalacia, and other disorders.
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The Aging Population Is Driving The Growth Of The Musculoskeletal Disorders Drugs Market
According to the WHO, by 2030, one in every six people on the planet will be 60 or older. The proportion of the population aged 60 and up will rise from 1 billion in 2020 to 2.1 billion by 2050. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. This has led to increased demand for pharmaceuticals products, significantly impacting market growth during this period.
Competitive Landscape And The Regional Analysis Of The Musculoskeletal Disorders Drugs Market
Major players in the musculoskeletal disorders drugs market are Sanofi S.A, Pfizer Inc., Bristol-Myers Squibb, Eli Lilly And Company, Mitsubishi Tanabe Pharma Corporation, Horizon Therapeutics plc, Procter & Gamble, Eisai Co. Ltd, Biogen Inc and Sino Biopharmaceutical.
Additionally, as per TBRC’s research – North America was the largest region in the musculoskeletal disorders drugs market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.
The Musculoskeletal Disorders Drugs Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the musculoskeletal disorders drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the musculoskeletal disorders drugs market.
Combination Therapy – A Key Trend In The Musculoskeletal Disorders Drugs Market
Going forward, the market for muscle relaxants is expected to increase with the rise in combination therapy. Combination therapy involves use of more than one medication or drug to treat a disease. These combinational therapies reduce the frequency of drug administration.
Musculoskeletal Disorders Drugs Market Segmentation By The Business Research Company
1) By Type: Drugs for Rheumatoid Arthritis, Muscle Relaxants, Other Musculoskeletal Disorders Drugs
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others
3) By Route of Administration: Oral, Parenteral, Others
4) By Drug Classification: Branded Drugs, Generic Drugs
5) By Mode of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs
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