Global Joint pain injections market is estimated to grow at a significant rate of 10.0% during the forecasted period.
Lupus, gout, fibromyalgia, osteoporosis, sarcoidos is and rickets are major causes of joint pain. Growing adoption of joint pain injection owing to long lasting and rapid effects is propelling the growth of market. Increasing prevalence of arthritis all over the globe is propelling the growth of market. According to the Arthritis Foundation, around 64% of the population within the age group of 65 is likely to suffer from arthritis in U.S. Increasing awareness regarding disease remittance therapies and rising healthcare expenditure in developed regions are influence the demand of market. Penetration of joint pain injection in developing countries is propelling the growth of market. Innovation of new product for pain relief is propelling the growth of market. For instance, Bioventus launched, GELSYN-3, is a hyaluronic acid injection to deliver long-lasting OA knee pain relief for up to six months. Globally, the joint pain injections market is segmented into injections type, joint type, end-user, and region.
Based on injection type, the global market segmented into corticosteroid injections, hyaluronic acid injections, and others. Hyaluronic acid injections segment is expected to hold major market share for global market of joint pain injections market owing to increasing penetration of product across the globe.
On the basis of joint the market is segmented into hip joint, knee & ankle, shoulder & elbow, face joints of the spine and others. Knee & ankle segment is projected to hold major market share during forecast period.
Based on distribution channel the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Hospital pharmacies is expected to leading segment during forecast period. Geographically, the joint pain injections market is segmented into North America, Europe, Asia Pacific, and Latin America& Middle East Africa (LAMEA).
North America is projected to dominate the joint pain injections market during the forecast period. Growing obese population in this region leads to increasing number of cases of joint problem such as joint inflammation, arthritis, rheumatoid arthritis and osteoarthritis is driving the growth of market.
Apart increasing geriatric population in this region is supporting the growth of market.
Europe is expected to witness significant growth in global joint pain injections market. High prevalence of musculoskeletal conditions in European countries such as U.K., Canada lead to different joint problem such as osteoarthritis, rheumatoid arthritis, psoriatic arthritis, gout, ankylosing spondylitis is supporting the growth of market. Apart from this, increasing obese population in this region is boosting the growth of market.
Asia Pacific is projected to be fasted growing market during forecast period. This is attributed to arthritis include gout, fibromyalgia, and rheumatoid arthritis in this region is propelling the growth market in positive manner. Moreover, increasing geriatric population in this region is propelling the growth of market.
LAMEA is expected to witness sluggish a growth in the global market. Increasing awareness about the health and rising disposable income in this region is propelling market growth.
Some of the key players in the global market of joint pain injections includes Allergan Plc., Pfizer Inc., SEIKAGAKU CORPORATION, Sanofi, Ferring B.V., Anika Therapeutics, Inc., Bioventus, Zimmer Biomet Holdings, Inc. Flexion Therapeutics, Inc., and Chugai Pharmaceutical Co., Ltd
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