Hyaluronic Acid Viscosupplementation Market Analysis(2015-2020)
Viscosupplementation is the treatment for Osteoarthritis which is the most common joint disease affecting the middle age to elderly section of the people.
Washington, United States, December 8, 2015 (Newswire.com) - Hyaluronic Acid Viscosupplementation provides up to 6 months of relief to the patient from osteoarthritis and also helps in avoiding the knee replacement in some cases. Also it has been observed as a safer treatment option for osteoarthritis leading to an increase in acceptance by clinicians and hospitals across the globe.
Viscosupplementation is the treatment for Osteoarthritis which is the most common joint disease affecting the middle age to elderly section of the people.
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This procedure is composed of safe and natural substances with almost no side effects aimed to reduce pain, swelling and discomfort to a very great extent without being operated with needles, scissors and knives. In this method, doses of Hyaluronic Acid are given through injections in affected joints in the synovial fluid. The course of treatment can be of single injection formulation or subsequent doses of multiple-injection (three-injection) formulation. Viscosupplementation helps in reducing pain and improving joint movements.
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In this method, doses of hyaluronic acid are given through injections in affected joints in the synovial fluid. The course of treatment can be of single injection formulation or subsequent doses of multiple-injection (three-injection) formulation. Viscosupplementation helps in reducing pain and improving joint movements.
In India, Osteoarthritis is prevalent amongst 30-35% of its aging population which is a driving factor for the growth of Hyaluronic Acid Viscosupplementation market in the country (Satelli, 2014).
Currently the market for Hyaluronic Acid Viscosupplementation is estimated to be around $2 billion and is poised to grow in the future. The steady growth of 6.5% can be attributed to the rise in the geriatric population globally as Osteoarthritis affects the aging population to a great extent.
Market Trends:
According to IndustryARC, the Global Market for Hyaluronic Acid Viscosupplementation accounted around $2 Billion in 2014. With the high upsurge in prevalence of Osteoarthritis Patients due to aging and obesity, the Sales and Revenue of the market are expected to shoot higher during the forecast period, 2015-2020. This rise in the geriatric population across the globe has suggested the experts that the market shall grow at a CAGR 6.5% in the coming 5 years.
Key Players:
It is noted that the Hyaluronic Acid Viscosupplementation Market, Single Injections currently has fewer competitors as compared to the rest. Few key companies mentioned in the report would be:
· Euflexxa
· Fidia Farma USA Inc.
· Anika Therapeutics, Inc.
· Synvisc –One
· Supartz
· Zimmer, Inc.
Global Hyaluronic Acid Viscosupplementation – Market Landscape:
· Market Share Analysis
· Comparative Analysis
· Product Benchmarking
· End user profiling
· Patent Analysis
· Top 5 Financials Analysis
Global Hyaluronic Acid Viscosupplementation – Market Forces:
· Market Drivers
· Market Constraints
· Market Challenges
· Attractiveness of the Global Liquid Handling Systems Industry
Global Hyaluronic Acid Viscosupplementation Market – Strategic Analysis:
· Value Chain Analysis
· Pricing Analysis
· Opportunities Analysis
· Product/Market Life Cycle Analysis
· Suppliers and Distributors
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