According to a new report published by Allied Market Research, titled, โHyaluronic Acid Viscosupplementation Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” Viscosupplementation is a procedure used for management of osteoarthritis. As there is no cure for arthritis to help the improvement in the condition, viscosupplementation is used. It is a thick fluid namely hyaluronate, which is injected into the body will support by improving the lubricating properties of the synovial fluid. It hence reduces the pain caused due to osteoarthritis of the knee, helps in easier mobility, and provides better comfortable level of activity. This is used only after other treatment methods have been opted and have failed to assist with the management. About three to five injections are to be administered, each 1 week apart. The pain relief is observed by some patients in sometimes three to five weeks of course of injections whereas others feel the relief in 8 to 10 weeks of the course.
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COVID-19 Scenario Analysis
The outbreak of the coronavirus-2 disease has led to a global lockout situation causing economic crisis in various sectors. However, the government is shaking hands with the private and semi-private organizations to assist in managing the COVID-19 patients. Currently there is no ideal medication for the treatment of COVID-19. However, one of the drugs namely Hydrochloroquine used for the treatment of malaria is now used for the treatment of coronavirus-2 and is shown to be quite effective against it. Furthermore, the government has declared social distancing and various hospitals are shut leading to the reduction of the surgical procedures to avoid the spread of the hospital acquired diseases. The increase in the number of patients affected due to the virus is leading to the problematic situation where the beds available are lesser. The healthcare professionals are facing a hard task as the coronavirus spreads easily. Additionally, once affected by the virus, it doesnโt have a cure unless the immunity is playing its part. The pharmaceutical industry and the biotechnology industry is anticipated to have lucrative growth due to the steep rise in the demand for the R&D of the drugs required for the therapy of COVID-19 patients.
The market is driven by the key factor such as growth in the number of patients experiencing osteoarthritis, which would propel the industry growth. The rise in the awareness among the patients regarding the novel treatments available for the managements of osteoarthritis is anticipated to help the market flourish in the forecast period. The advantages postured by the hyaluronate viscosupplementation over the conventional methods mainly the due to the minimally invasive method would help the market boost in the coming years. The growth in the population facing obesity is also expected to help the market grow lucratively. However, the lack of safety and efficacy may hinder the growth of the industry in the commenced period.
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The key players profiled in this report include Anika Therapeutics, Supartz, Bioventus, SynviscOne, Croma-Pharma, TRB Chemedica, Swiss biomed Orthopaedics, Meda Pharma, Stanford Chemicals Q-Med, and Carbylan Therapeutics.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the global Hyaluronic Acid Viscosupplementation industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Hyaluronic Acid Viscosupplementation market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
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