Osteoarthritis Therapeutics Market Research Report

 

Global Osteoarthritis Therapeutics Market

As per the latest market research report by GMI Organisation, the Osteoarthritis Therapeutics Market is anticipated to grow at a rate of 8.1% over the forecast period. The growth is majorly due to the acceleration in the aging population and increasing incidences of osteoarthritis.

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Osteoarthritis Therapeutics Market Dynamics

The innovations in therapeutics, such as new targets set for the treatment of osteoarthritis like degeneration of knee cartilage introduced by the Pennsylvania University, have accelerated the growth of the global Osteoarthritis Therapeutics Market. Substitutions like orthopedic braces, also known as a non-infectious method to administer pain, are highly adopted because of their easy supervision and cost-efficiency. As per the report publicized by the World Health Organisation, over 130 million of the overall population will experience osteoarthritis, with nearly 40 million people getting seriously harmed by the same, which will bolster the market growth. Also, the NCBI reported that osteoarthritis is the second most common rheumatologic disorder and joint disease with the highest incidence rate across Asian countries such as China, India, and Japan. India is accounted to witness almost 22% to 39% cases which is relatively high as announced by "National Center for Biotechnology Information."

Between drug types, the ingestion of corticosteroids has significantly reduced. Though there is no evidence that corticosteroid injections endanger a high risk of infection, there is a substantial reduction in the immune response for a few weeks owing to the protocol.

However, chances of cardiovascular events concerned with NSAIDs in osteoarthritis treatment are projected to restrain the market growth.

Type Segment Drivers

The hip osteoarthritis segment is projected to register a significant surge in the global osteoarthritis therapeutics market over the coming years. The increase in the population rate above 60 years has changed the market outlook. For example, as per the report publicized by the World Health Organisation, the population above 60 years is projected to touch 2 billion by the end of 2050 because of the increasing percentage of average life expectancy, which will bolster the market size.    

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