Global Osteoarthritis Injectables Market: By Injection Type, By Anatomy, By End User, By Region & Segmental Insights Trends and Forecast, 2024 – 2034
- Industry: Healthcare
- Report ID: TNR-110-1162
- Number of Pages: 420
- Table/Charts : Yes
- June, 2024
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 10143
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Osteoarthritis injectables are specialized treatments administered directly into the affected joints to alleviate pain and improve mobility in patients with osteoarthritis. These injectables typically include hyaluronic acid, corticosteroids, and biologics like platelet-rich plasma (PRP). Hyaluronic acid injections help to lubricate the joint, enhancing its movement and reducing pain. Corticosteroids are anti-inflammatory agents that provide quick pain relief by reducing joint inflammation. PRP, derived from the patient’s blood, promotes healing and reduces symptoms by leveraging growth factors.
These minimally invasive treatments offer a valuable alternative to oral medications and surgical interventions, providing targeted relief with fewer systemic side effects. They are particularly beneficial for patients who have not responded adequately to conventional therapies, making them an essential component in the management of osteoarthritis, particularly in weight-bearing joints such as the knees and hips. Advances in these injectable therapies continue to improve their efficacy and patient outcomes.
The demand for osteoarthritis injectables is driven by the growing prevalence of osteoarthritis, particularly among aging populations who seek effective and less invasive pain management solutions. These injectables, including hyaluronic acid, corticosteroids, and platelet-rich plasma, offer targeted relief and functional improvement, making them increasingly preferred over oral medications and surgical interventions. Advancements in injectable formulations have enhanced their efficacy and safety profiles, further boosting their adoption. Additionally, the rise in obesity, which exacerbates joint stress and osteoarthritis risk, has increased the need for these treatments. Greater patient awareness and acceptance of minimally invasive options, coupled with improved healthcare infrastructure, also contribute to the expanding demand for osteoarthritis injectables, as patients seek to maintain mobility and quality of life.
In terms of revenue, the global osteoarthritis injectables market was worth US$ 7.8 Bn in 2023, anticipated to witness CAGR of 6.9% during 2024 – 2034.
Global Osteoarthritis Injectables Market Dynamics
Aging Population: The global increase in the elderly population is a significant driver of the osteoarthritis injectables market. As people age, the likelihood of developing osteoarthritis, particularly in weight-bearing joints such as knees and hips, rises. This demographic shift leads to a higher demand for effective, minimally invasive treatments to manage pain and improve joint function, thereby boosting the market for osteoarthritis injectables.
Rising Prevalence of Obesity: Obesity is a major risk factor for osteoarthritis due to the additional stress it places on joints. The global increase in obesity rates has led to a higher incidence of osteoarthritis, particularly in younger populations. This trend amplifies the demand for injectable treatments that can provide relief from pain and improve mobility, making it a critical factor in market growth.
Advances in Injectable Therapies: Technological advancements in injectable therapies, including the development of new formulations and delivery methods, have enhanced the efficacy and safety profiles of these treatments. Innovations such as hyaluronic acid injections, corticosteroids, and biologics like platelet-rich plasma have made injectables a more attractive option for both patients and healthcare providers, driving market expansion.
Growing Awareness and Acceptance: Increased awareness about osteoarthritis and the available treatment options has led to higher patient acceptance of injectable therapies. Educational campaigns and improved patient-doctor communication have made patients more knowledgeable about the benefits of these treatments. This growing awareness contributes to a greater willingness to seek injectable treatments, thereby expanding the market.
Knee Osteoarthritis Segment has Garnered Major Market Share in the Global Osteoarthritis Injectables Market During the Forecast Period (2024 – 2034).
The demand for osteoarthritis injectables for knee osteoarthritis is driven by several key factors. The high prevalence of knee osteoarthritis, particularly among the aging and obese populations, necessitates effective management options to alleviate pain and improve mobility. Injectables, such as hyaluronic acid, corticosteroids, and platelet-rich plasma, offer targeted pain relief and functional improvement, making them a preferred choice for patients and healthcare providers. These treatments provide a minimally invasive alternative to surgery, appealing to patients seeking to avoid or delay knee replacement procedures.
Additionally, advancements in injectable formulations have enhanced their efficacy and safety, further boosting their adoption. Increased awareness of knee osteoarthritis and the availability of advanced treatment options have also contributed to higher demand. Moreover, the emphasis on maintaining an active lifestyle and improving quality of life has led more patients to seek these treatments, thereby driving the market for osteoarthritis injectables in knee osteoarthritis management.
By End User Hospital Pharmacies Segment had the Highest Share in the Global Osteoarthritis Injectables Market in 2023.
The demand for osteoarthritis injectables in hospital pharmacies is significantly driven by the increasing incidence of osteoarthritis among the aging population and the preference for minimally invasive treatment options. Hospital pharmacies play a critical role in providing these injectables due to their ability to offer specialized care and access to advanced medical treatments. The rise in outpatient procedures and the shift towards day-care surgeries have also contributed to higher demand for injectable treatments that can be administered efficiently in hospital settings.
Furthermore, advancements in injectable formulations, such as corticosteroids, hyaluronic acid, and biologics like platelet-rich plasma, have improved the efficacy and safety profiles of these treatments, making them a preferred choice among healthcare providers. The comprehensive care environment of hospitals, including multidisciplinary teams and immediate access to diagnostic tools, enhances the effectiveness of osteoarthritis management, thus driving the demand for injectables in hospital pharmacies. This trend is further supported by growing patient awareness and the increasing focus on quality-of-life improvements.
By Region, North America Dominated the Global Osteoarthritis Injectables Market in 2023.
The demand for osteoarthritis injectables in North America is primarily driven by the rising prevalence of osteoarthritis, particularly among the aging population. As the population ages, the incidence of osteoarthritis-related joint pain and mobility issues increases, necessitating effective treatment options. Additionally, the growing awareness and acceptance of minimally invasive treatments have bolstered the demand for injectables, which offer a viable alternative to surgery and long-term oral medications.
Advances in biotechnology and pharmaceuticals have led to the development of innovative injectable therapies, such as hyaluronic acid, corticosteroids, and platelet-rich plasma, which provide pain relief and improve joint function. Furthermore, the high prevalence of obesity, which is a significant risk factor for osteoarthritis, and the increasing emphasis on maintaining an active lifestyle contribute to the demand for these treatments. The North American healthcare infrastructure’s capability to adopt and support advanced medical treatments also plays a crucial role in driving the market for osteoarthritis injectables.
Competitive Landscape: Global Osteoarthritis Injectables Market:
- Anika Therapeutics, Inc.
- Arthrex, Inc.
- Bioventus.
- Ferring Pharmaceuticals Inc.
- Flexion Therapeutics, Inc.
- Royal Biologics
- Sanofi S.A.
- Teva Pharmaceutical Industries Ltd.
- Zimmer Biomet
- Other Industry Participants
Global Osteoarthritis Injectables Market Scope
Report Specifications | Details |
Market Revenue in 2023 | US$ 7.8 Bn |
Market Size Forecast by 2034 | US$ 16.2 Bn |
Growth Rate (CAGR) | 6.9% |
Historic Data | 2016 – 2022 |
Base Year for Estimation | 2023 |
Forecast Period | 2024 – 2034 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Injection Type, By Anatomy, By End User, By Region |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Anika Therapeutics, Inc., Arthrex, Inc., Bioventus., Ferring Pharmaceuticals Inc., Flexion Therapeutics, Inc., Royal Biologics, Sanofi S.A., Teva Pharmaceutical Industries Ltd., Zimmer Biomet |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
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Global Osteoarthritis Injectables Market
By Injection Type
- Hyaluronic Acid Injections
- Corticosteroid Injections
- Platelet-rich Plasma (PRP) Injections
- Placental Tissue Matrix (PTM) Injections
- Acetylsalicylic Acid (ASA) Injections
- Others
By Anatomy
- Knee Osteoarthritis
- Hip Osteoarthritis
- Hand Osteoarthritis
- Others
By End User
- Hospital Pharmacies
- Retail Pharmacies
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Layout:
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.
**Exclusive for Multi-User and Enterprise User.
Global Osteoarthritis Injectables Market
By Injection Type
- Hyaluronic Acid Injections
- Corticosteroid Injections
- Platelet-rich Plasma (PRP) Injections
- Placental Tissue Matrix (PTM) Injections
- Acetylsalicylic Acid (ASA) Injections
- Others
By Anatomy
- Knee Osteoarthritis
- Hip Osteoarthritis
- Hand Osteoarthritis
- Others
By End User
- Hospital Pharmacies
- Retail Pharmacies
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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