According to the report published by Allied Market Research, Global Viscosupplementation Market Size Was Valued at USD 4.4 billion in 2021 and is Projected to Garner USD 10.9 billion by 2031, witnessing a CAGR of 9.5% from 2022 to 2031.
The recent report on “Global Viscosupplementation Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2030”. The report integrates data regarding the supply and demand situation, Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, Future Impact Analysis & Projected Recovery, and Market Sizing & Forecast period of 2022-2030.
Rise in the prevalence of osteoarthritis and increase in geriatric population across the world drive the growth of the global viscosupplementation market.
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Impact of Covid-19 on Viscosupplementation Market-
- Since viscosupplementation is a non-emergency procedure, the majority of the procedures either got canceled or got postponed during the Covid-19 pandemic especially during the initial period.
- The market was negatively impacted as most viscosupplementation product consumers are senior citizens, a demographic that was primarily been asked to stay at home to reduce the risk of infection.
Top Key Players of Viscosupplementation Market: –
- Anika Therapeutics Inc.
- aptissen
- Miravo Healthcare
- Avanos Medical, Inc.
- Bioventus
- Chugai Pharmaceutical Corp.
- Fidia Farmaceutici S.P.A
- Seikagaku Corporation
- LG Life Sciences Ltd.
- Sanofi
Global Viscosupplementation Market Segmentation –
Based on application, the knee osteoarthritis segment accounted for more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 9.9% throughout the forecast period.
Based on distribution channel, the hospital pharmacies segment garnered more than half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 9.9% throughout the forecast period.
Based on type, the single injection viscosupplementation segment contributed to nearly half of the global viscosupplementation market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR 9.9% throughout the forecast period.
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Based on region, the market across North America generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, however, would showcase the fastest CAGR of 10.3% during the forecast period. The other regions studied in the report include LAMEA and Europe.
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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