Osteoarthritis Market Future Estimations by Major Market Demanding Players | Exclusive Analysis by CMR
The detailed report of Osteoarthritis Market evaluated by skilled experts is segmented into Application and Product. The Osteoarthritis Market is anticipated to witness considerable development in the following years from 2018-2023.
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Industry Outlook and Trend Analysis:
The Osteoarthritis Market was worth USD 6425.3 million in the year 2014 and is expected to reach approximately USD 10582.1 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.70% during the forecast period. Osteoarthritis is one of the basis type of arthritis, it mainly affects the aged and overweight people. Osteoarthritis is also referred to as degenerative joint disease. Tissues (also known as cartilage) involved in the part where to bone end meet (joint), wear of and get damaged in Osteoarthritis. Knees, hands, spine and hips are the part mostly affected by Osteoarthritis. Rising number of aged people, growing predominance of osteoarthritis and grown expenditure on healthcare services by governments is the reason for booming of Acetic Anhydride Market. The National Institute of Health has predicted the growth in number of aged people in America twofold by 2050 compared to 2015.
Major Key Players:
The approach of leading companies to get hold of the Osteoarthritis Market are; Regeneron, Abbott, Ampio Pharmaceuticals Inc., Novartis AG, Merck Sharp & Dohme Corp., Pfizer Inc. , Eli Lilly and Company., ABIOGEN PHARMA S.p.A, TissueGene Inc. and others.
Segmentation:
The overall Osteoarthritis Market is divided depending on disease type, treatment, diagnosis and end-user. Division on the basis of Diseases Type; Knee Osteoarthritis, Shoulder Osteoarthritis Hand Osteoarthritis Spine Osteoarthritis Foot & Ankle Osteoarthritis. Division on basis of Treatment; Medication, Therapy, Surgery and Others. Division of the basis of Diagnosis; Joint fluid analysis, Imaging and Others. Division on basis of End-User: Medical institute, Research organization, Hospital & clinics and sothers.
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Regional Outlook and Trend Analysis:
Globally, American region is leading the osteoarthritis market due to large number of osteoarthritis affected people and the full-fledged medical service segment, also changing lifestyle and growth in investment on medical services. Next to America, Europe and Asia Pacific are the leading region in osteoarthritis market. Government’s investment in R&D sector, developed medical services, increased number of affected people, rise in expenditure on medical services are some of the factors predicting the growth of market. Developing countries such as India and China are seen to have a great chance for gaining the market in projected period. Africa has the slightest hold on osteoarthritis market due to poor economic development in some of the countries. Middle East has a large market share due to high budget assignment for medical service and due to advanced medical services available.
The Osteoarthritis Market is segmented as follows-
By Diseases Type: Knee Osteoarthritis, Spine Osteoarthritis, Foot & Ankle Osteoarthritis, Shoulder Osteoarthritis & Hand Osteoarthritis
By Treatment: Medication, Surgery, Therapy & Others
By Diagnosis: Imaging, Joint fluid analysis & Others
By End-User: Hospital & clinics, Medical institute, Research organization, Others
By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)
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Drivers and restrains:
The main driving element of Osteoarthritis market is rise in number of aged population across the globe and increase in the obese population. Now-a-days change in lifestyle is one of the reasons for increase in Osteoarthritis disease. Joints are mostly affected it is due to lack of exercise which is also considered as one of the driving element for this market. Low annual income in growing economies and reactions due to the medical procedure involved the market growth can be limited in the predicted period.
Major Table of Contents:
Part 1. Introduction
1.1. Report Description
Part 2. Executive Summary
2.1. Key Highlights
Part 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
....CONTINUED FOR TOC
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