Osteoarthritic Pain Management Treatment Market to Observe Highest Growth of USD 15.34 Billion with an Excellent CAGR of 7.25% by 2029

PRESS RELEASE
Published October 31, 2023

Data Bridge Market research has recently published the comprehensive business research on Osteoarthritic Pain Management Treatment Market includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Osteoarthritic Pain Management Treatment Market analysis report covers detailed value chain analysis of the market.

Data Bridge Market Research analyses that the osteoarthritic pain management treatment market is expected to reach the value of USD 15.34 billion by the year 2029, at a CAGR of 7.25% during the forecast period. The significant increase in the adoption of pain medications and growing awareness by government is a critical factor driving market growth.

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Osteoarthritis is a type of joint disorder that attacks the cartilage between the bones, causing the joints to swell and turn red, making it difficult for the joints to move properly. Swelling, decreased range of motion and immobility in the arms and legs are common symptoms, especially when the spine is affected by osteoarthritis.

Joint pain is common in people of all ages and is related to the bone structure of the knee. Joint pain is caused by certain injuries or the progression of a chronic medical condition. Knee pain worsens with age.  pain in young people is associated with overuse of  joints as a result of physical activity or sports. It is caused in the elderly by the wear and tear of the joint as a result of osteoarthritis and rheumatoid arthritis. Damaged menisci, tendinitis, pseudo gout, bursitis, obesity, and other factors can all contribute to joint pain. According to the Centres for Disease Control and Prevention, arthritis, a leading cause of knee pain, affects 54.4 million adults in the United States.

Some of the major players operating in the osteoarthritic pain management treatment market are

  • Sanofi (France)
  • Horizon Therapeutics PLC (Ireland)
  • Johnson & Johnson (US)
  • GlaxoSmithKline PLC (UK),
  • Bayer AG (Germany)
  • Abbott (US)
  • Pfizer, Inc. (US)
  • Eli Lilly (US)
  • Anika Therapeutics, Inc (US)
  • Novartis AG (Switzerland)
  • Ferring Pharmaceuticals (Switzerland)
  • Bioventus (US)
  • Zimmer Biomet Holdings, Inc. (US)
  • Fidia Farmaceutici s.p.a. (Italy)
  • Flexion Therapeutics, Inc. (US)
  • Pharmed Limited (India)
  • Virchow Biotech (India),

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Global Osteoarthritic Pain Management Treatment Market Scope

The osteoarthritic pain management treatment market is segmented on the basis type, drug, diagnosis, treatment and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Hip osteoarthritis
  • Spinal osteoarthritis.

On the basis of type, the osteoarthritic pain management treatment market is segmented into hip osteoarthritis and spinal osteoarthritis.

Drug                                                                               

  • NSAIDs
  • Corticosteroids
  • Hyaluronic acid injection
  • Other drugs

Based on drug, the osteoarthritic pain management treatment market is segmented into NSAIDs, corticosteroids, hyaluronic acid injection and other drugs.

Diagnosis

  • Imaging
  • Joint fluid analysis

Based on diagnosis, the osteoarthritic pain management treatment market is segmented into imaging and joint fluid analysis.

Treatment

  • Medication
  • Surgery
  • therapy

Based on treatment, the osteoarthritic pain management treatment market is segmented into medication, surgery and therapy.

Distribution channel

  • Hospitals
  • Medical institutes

Osteoarthritic pain management treatment is also segmented on the basis of distribution channel into hospitals and medical institutes.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Osteoarthritic Pain Management Treatment Market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Osteoarthritic Pain Management Treatment Market.

Table of Content:

Section 01: Executive Summary

Section 02: Scope of The Report

Section 03: Research Methodology

Section 04: Introduction

Section 05: Market Landscape

Section 06: Market Sizing

Section 07: Five Forces Analysis

Section 08: Market by Product

Section 09: Market by Application

Section 10: Customer Landscape

Section 11: Market by End-User

Section 12: Regional Landscape

Section 13: Decision Framework

Section 14: Drivers and Challenges

Section 15: Market Trends

Section 16: Competitive Landscape

Section 17: Company Profiles

Section 18: Appendix

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The following are the regions covered in this report.

  • North America [U.S., Canada, Mexico]
  • Europe [Germany, UK, France, Italy, Rest of Europe]
  • Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
  • South America [Brazil, Argentina, Rest of Latin America]
  • The Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

This study answers to the below key questions:

  1. What are the key factors driving the Osteoarthritic Pain Management Treatment Market?
  2. What are the challenges to market growth?
  3. Who are the key players in the Osteoarthritic Pain Management Treatment Market?
  4. What are the market opportunities and threats faced by the key players?

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