#Viscosupplementation Demand
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Joint Relief, The Growing Demand in the Viscosupplementation Market
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Orthobiologics Market: Revolutionizing Bone and Tissue Healing
The Orthobiologics market is transforming the field of orthopedic treatments by offering advanced solutions for bone and tissue healing. With the rising number of sports injuries, aging population, and the growing adoption of minimally invasive surgeries, the demand for orthobiologics is increasing significantly. This article outlines the market trends, segmentation, key growth drivers, and top players shaping the orthobiologics industry.
Market Overview
SkyQuest’s Orthobiologics Market report values the market at USD 6.43 billion in 2023 and projects a robust CAGR of 5.5%. The growth of this market is fueled by the increasing prevalence of musculoskeletal disorders, advancements in regenerative medicine, and the rising demand for effective bone and tissue repair therapies.
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Market Segmentation
By Product:
Bone Grafts: Widely used in bone repair surgeries for better healing and structural support.
Viscosupplementation Products: Help in reducing joint pain by enhancing the lubrication in joints.
Stem Cell Therapy Products: Emerging as a promising solution for tissue regeneration and bone healing.
Platelet-Rich Plasma (PRP) Therapy: Used to accelerate healing in injured tendons, ligaments, and joints.
By Application:
Spinal Fusion: One of the most common applications of orthobiologics in complex spinal surgeries.
Fracture Recovery: Orthobiologics aid in the recovery and regeneration of bone tissues after fractures.
Osteoarthritis: Orthobiologics are being explored for pain relief and tissue regeneration in osteoarthritis patients.
Tendon and Ligament Injuries: Growing use of orthobiologics in treating sports injuries and ligament repairs.
By End-User:
Hospitals: Major providers of surgical procedures involving orthobiologics for musculoskeletal conditions.
Specialty Clinics: Offering focused treatments using orthobiologics for orthopedic injuries and surgeries.
Ambulatory Surgical Centers: Provide outpatient surgeries where orthobiologics play a significant role in faster recovery.
Research Institutes: Contributing to innovations and advancements in orthobiologics through extensive research.
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Key Growth Drivers
Rising Prevalence of Orthopedic Conditions: The growing incidence of osteoporosis, arthritis, and other musculoskeletal disorders is driving the need for orthobiologics.
Technological Advancements in Regenerative Medicine: Cutting-edge technologies are enhancing the effectiveness and safety of orthobiologic products.
Minimally Invasive Surgeries: The increasing adoption of minimally invasive techniques is boosting the demand for orthobiologics, which enhance healing and recovery.
Aging Population: The elderly population is more prone to orthopedic conditions, creating a higher demand for effective bone and tissue healing solutions.
Leading Companies in the Market
SkyQuest’s Orthobiologics Market report highlights the following key players:
Zimmer Biomet
Stryker Corporation
Medtronic
DePuy Synthes (Johnson & Johnson)
Orthofix Medical Inc.
Smith & Nephew
RTI Surgical Holdings
Exactech, Inc.
NuVasive, Inc.
SeaSpine Holdings Corporation
Read More at: - https://www.skyquestt.com/report/orthobiologics-market
Challenges and Opportunities
While the orthobiologics market faces challenges like high treatment costs and regulatory hurdles, there are vast opportunities in product innovations and increasing research in stem cell and tissue regeneration therapies.
Future Outlook
The orthobiologics market is expected to witness strong growth in the coming years as the demand for innovative and less invasive treatment options increases. Companies that invest in research and technological advancements will be better positioned to lead the market.
The orthobiologics market is reshaping orthopedic care by providing advanced solutions for bone and tissue repair. Decision-makers should take advantage of the market's growth potential by staying updated on emerging trends and innovations. For a comprehensive analysis, consult SkyQuest’s Orthobiologics Market report for strategic insights.
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Viscosupplementation in Focus: The Latest Advances in Joint Lubrication
The global viscosupplementation market is on a growth trajectory, driven by increasing awareness of joint health and advancements in treatment options. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of nearly 7% over the forecast period of 2022-2028. With a revenue of over USD 3 billion in 2022, the market is expected to reach approximately USD 5 billion by 2028.
What is Viscosupplementation?
Viscosupplementation involves the injection of hyaluronic acid (HA) or other viscoelastic substances into the joint space to alleviate pain and improve joint function. This treatment is commonly used for managing osteoarthritis (OA) and other joint-related conditions. The injected material helps to lubricate the joint, reduce friction, and provide cushioning, leading to pain relief and improved mobility.
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Market Dynamics and Growth Drivers
Several factors are contributing to the growth of the global viscosupplementation market:
Rising Prevalence of Osteoarthritis: The increasing incidence of osteoarthritis, particularly among the aging population, is driving the demand for viscosupplementation treatments. OA is a leading cause of joint pain and disability, and viscosupplementation provides an effective option for managing symptoms.
Advancements in Technology: Technological advancements in viscosupplementation products, including the development of new formulations and delivery systems, are enhancing the effectiveness and safety of treatments. Innovations in hyaluronic acid formulations and injection techniques are contributing to market growth.
Growing Awareness and Acceptance: There is increasing awareness among patients and healthcare providers about the benefits of viscosupplementation for joint health. As more people become aware of this treatment option, the demand for viscosupplementation is expected to rise.
Increasing Number of Orthopedic Procedures: The rising number of orthopedic procedures, including joint injections and minimally invasive surgeries, is driving the demand for viscosupplementation products. Healthcare providers are increasingly incorporating viscosupplementation into treatment plans for managing joint conditions.
Supportive Reimbursement Policies: Favorable reimbursement policies and coverage for viscosupplementation treatments are encouraging patients to seek these therapies. Insurance coverage and reimbursement support contribute to the accessibility and affordability of viscosupplementation.
Regional Analysis
North America: North America is a leading market for viscosupplementation, driven by the high prevalence of osteoarthritis, advanced healthcare infrastructure, and strong demand for joint health solutions. The U.S. and Canada are key markets, with significant adoption of viscosupplementation treatments.
Europe: Europe is experiencing steady growth in the viscosupplementation market, supported by increasing awareness of joint health and advancements in treatment options. Countries such as Germany, France, and the U.K. are prominent markets, with growing adoption of viscosupplementation therapies.
Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the viscosupplementation market, driven by rising healthcare expenditures and increasing prevalence of joint disorders. Emerging economies in the region, such as China and India, are contributing to market expansion.
Latin America and Middle East & Africa: These regions are also experiencing growth in the viscosupplementation market, influenced by increasing healthcare infrastructure and rising awareness of joint health. Market expansion is supported by growing healthcare investments and improving access to treatments.
Competitive Landscape
The viscosupplementation market is competitive, with several key players and emerging companies offering a range of products. Notable players in the market include:
Allergan plc: A leading provider of viscosupplementation products, known for its Juvederm® range of hyaluronic acid-based injectables.
Medytox Inc.: Offers a range of viscosupplementation products, including hyaluronic acid-based solutions for joint health.
Revance Therapeutics, Inc.: Specializes in viscosupplementation treatments and innovative hyaluronic acid formulations.
Smith & Nephew plc: Provides viscosupplementation products for joint health and orthopedic applications.
Hylan Bio Inc.: Known for its hyaluronic acid-based viscosupplementation products for managing joint pain.
Report Overview : https://www.infiniumglobalresearch.com/reports/global-viscosupplementation-market
Challenges and Opportunities
The viscosupplementation market faces challenges such as the high cost of treatment and the need for periodic injections, which may affect patient compliance. Additionally, there may be variability in the efficacy of viscosupplementation products and the potential for adverse effects.
However, there are significant opportunities for growth. Increasing adoption of minimally invasive procedures, advancements in product formulations, and supportive reimbursement policies present avenues for market expansion. Companies that focus on innovation, cost reduction, and improving patient outcomes are well-positioned to capitalize on the growing demand for viscosupplementation treatments.
Conclusion
The global viscosupplementation market is poised for substantial growth, driven by rising prevalence of osteoarthritis, technological advancements, and increasing awareness of joint health. With revenue expected to reach approximately USD 5 billion by 2028, the market presents significant opportunities for investment and innovation. As the demand for effective joint health solutions continues to rise, viscosupplementation will play a crucial role in enhancing quality of life for individuals with joint conditions.
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Forecasting the Biomaterials Market Size: Future Prospects
The Biomaterials Market size was estimated USD 156.1 billion in 2022 and is expected to reach USD 501.2 billion by 2030 at a CAGR of 15.7% during the forecast period of 2023-2030. The biomaterials market is experiencing rapid growth, driven by advancements in medical technology and increasing demand for innovative healthcare solutions. These materials, which include metals, ceramics, polymers, and natural substances, are pivotal in developing implants, prosthetics, and tissue engineering products. Their biocompatibility and functionality are enhancing the efficacy of medical treatments, particularly in orthopedics, cardiovascular applications, and wound care. The market is also benefiting from an aging global population and rising incidences of chronic diseases, which necessitate advanced medical interventions. Furthermore, ongoing research and development are fostering new applications and expanding the capabilities of biomaterials, positioning the market for sustained expansion and significant contributions to modern medicine.
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Market Scope & Overview
The Biomaterials Market research analyses all industries in terms of demand estimations in various areas to give a cross-sectional perspective of the global economy. The study looks at a number of demand, restriction, and opportunity factors that are anticipated to have an immediate impact on market growth. For the purpose of assisting readers in evaluating the financial stability of important market participants, the study contains an analysis of the industry's competitiveness as well as a structural evaluation of Porter's Five Forces.
The Biomaterials Market research concentrates on the many chances, constraints, and expansions that are expected to have a direct influence on commercial outcomes. The research report will focus on new developments and cutting-edge technologies that will significantly affect the growth of the global market over the course of the projection year.
Market Segmentation Analysis
By Product
Metallic
Natural
Ceramics
Polymers
By Application
Cardiovascular
Sensors
Stents
Guidewires
Implantable Cardiac Defibrillators
Pacemakers
Vascular Grafts
Others
Ophthalmology
Synthetic Corneas
Intraocular Lens
Contact Lens
Ocular Tissue Replacement
Others
Dental
Tissue Regeneration Materials
Dental Implants
Bone Grafts & Substitutes
Dental Membranes
Others
Orthopedic
Joint Replacement Biomaterials
Orthobiologics
Bioresorbable Tissue Fixation Products
Viscosupplementation
Spine Biomaterials
Others
Wound Healing
Fracture Healing Device
Adhesion Barrier
Skin Substitutes
Internal Tissue Sealant
Surgical Hemostats
Others
Tissue Engineering
Plastic Surgery
Facial Wrinkle Treatment
Soft Tissue Fillers
Craniofacial Surgery
Bioengineered Skins
Peripheral Nerve Repair
Acellular Dermal Matrices
Others
Neurology
Neural Stem Cell Encapsulation
Shunting Systems
Hydrogel Scaffold for CNS Repair
Cortical Neural Prosthetics
Others
Others
COVID-19 Impact Analysis
In order to give clients correct information to address market challenges during and after COVID-19, various industry experts and delegates are interviewed for a report on the Biomaterials Market during the main and secondary research phases. The market research report may be used by suppliers, end users, and distributors to find answers to a variety of questions, plan acquisitions, and look for further business prospects. It examines potential solutions as well as present and upcoming difficulties.
Regional Outlook
The research comprises a SWOT analysis model evaluation and a regional market competition analysis to help consumers estimate the regional health of important global business suppliers. All significant geographic areas are covered by the Biomaterials Market analysis, including the Middle East and Africa, North America, Asia Pacific, and Europe.
Competitive Analysis
A global market report that takes into account definitions, classifications, implementations, and supply chain structure also offers a fundamental overview. Information on important market participants, production trends, industry environment analysis, and regional growth trends are just a few of the topics covered in the global Biomaterials Market share report. The research looks at production methods, price trends, and expansion and growth objectives, among other things.
Key Reasons to Purchase the Biomaterials Market Report
By comparing data from prior years, external validation of these segments and sub-segments was also carried out.
The research report includes a cross-section of the global economy as well as market analyses for each geographical location.
Conclusion
All key discoveries and technological advances that will significantly affect the global market over the forecasted time period will be covered in the Biomaterials Market research report.
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Global Viscosupplementation Market was valued at US$ 4,347.8 million in 2022 and is expected to reach US$ 8,958.9 million by 2030 at a CAGR of 8.4% during the forecast period (2023–2030).
Viscosupplementation is a highly sought-after medical treatment for the management of osteoarthritis-related pain and joint function improvement. The demand for viscosupplementation has witnessed a significant surge in recent years, owing to the growing incidence of osteoarthritis and an aging population.
List of Key Companies profiled:
Sanofi
ANIKA THERAPEUTICS, INC.
SEIKAGAKU CORPORATION
Zimmer Biomet
SMITH & NEPHEW PLC
LG Chem
LIFECORE
Ferring B.V.
Fidia Farmaceutici S.p.A.
Other Prominent Players
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Orthobiologics Market to See Massive Growth | 3M, Elantas, Kyocera
Orthobiologics Market to See Massive Growth | 3M, Elantas, Kyocera
Global Orthobiologics Market , Orthobiologics Market Demand, Orthobiologics Market Trends, Orthobiologics Market Analysis, Orthobiologics Market Growth, Orthobiologics Market Share, Orthobiologics Market Forecast, Orthobiologics Market Challenges, Orthobiologics Market Opportunity
At Intellect Markets, published a new research publication on "Orthobiologics Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting Market associated stakeholders. The growth of the Orthobiologics Market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of This Research @ https://intellectmarkets.com/report/orthobiologics-market/request-sample Some of the key players profiled in the study are: Elantas GmbH (Germany), Axalta Coating Systems (the U.S.), Von Roll Holdings AG (Switzerland), Hitachi Chemicals Company Ltd. (Japan), 3M Company (the U.S.), and Kyocera Corporation (Japan). Scope of the Report of Orthobiologics Market : The Orthobiologics market represents a dynamic and rapidly evolving sector within healthcare, driven by advances in biotechnology, regenerative medicine, and orthopedic surgery. These biological materials hold promise for improving patient outcomes, reducing morbidity, and enhancing the quality of life for individuals with musculoskeletal disorders and injuries. Market Drivers: The Orthobiologics Market market is being driven by growth in the healthcare sector.
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The titled segments and sub-section of the market are illuminated below: By Product (Demineralized Bone Matrix, Allograft, Bone Morphogenetic Protein {BPM}, Viscosupplementation Products, Synthetic Bone Substitutes and Others), by Application (Osteoarthritis & Degenerative Arthritis, Spinal Fusion, Fracture recovery, Soft Tissue Injuries, Maxillofacial & Dental Applications) by End User (Hospitals, Ambulatory Centres, Research & Academic Institute, Dental Clinics)
Global Orthobiologics Market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Region Included are: Global, North America, Europe, Asia Pacific, South America, Middle East & Africa Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Finally, Orthobiologics Market is a valuable source of guidance for individuals and companies. Read Detailed Index of full Research Study at @ https://intellectmarkets.com/report/orthobiologics-market
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Osteoarthritis
In 2019, the global osteoarthritis market is estimated to be valued at over US$ 2,205 million, projecting a robust CAGR of 9.1% from 2019 to 2028. This marks a significant 2.2X increase in revenue opportunity by 2028 compared to 2018. The industry landscape is characterized by consolidation, with major players heavily invested in R&D endeavors, particularly focused on the development of cell-mediated drugs. A transformative shift is anticipated as a considerable number of clinical trials progress into phases III and IV.
To read more about the topic please visit site : https://bekryl.com/industry-trends/osteoarthritis-market-share-analysis
Key Trends and Drivers Fueling Osteoarthritis Market Demand:
The prevalence of osteoarthritis cases has surged over the last decade, reaching over 316 million cases globally in 2019. Projections indicate an increase to 381 million cases by 2028. This rise in cases is driving the demand for effective treatment options, predominantly in medicated forms.
The competitive landscape is expected to intensify in the latter part of the forecast period (post-2024). The majority of products are currently under trial in phase II of FDA testing. Upon approval, this will lead to heightened competition, significantly impacting the market share of key players. Approximately half of the products are undergoing phase III and IV trials, with a concentration of clinical trials in North America, followed by Western Europe. Japan and South Korea are pivotal regions in Asia Pacific, witnessing clinical trials evaluating product efficacy. Pfizer stands out with the highest number of clinical trials and dominated the osteoarthritis market share in 2018.
Merger and acquisition activities are expected to be a prominent trend in the market. The heightened competition will drive companies to acquire the technological and market competencies of established players. Notably, in 2018, Mundipharma strategically collaborated with Kolon Life Sciences to market Invossa®-K in Saudi Arabia and the United Arab Emirates, with subsequent extension to Japan. Invossa®-K, the world's first cell-mediated gene therapy for osteoarthritis, received approval in 2017 from the Korean Ministry of Food and Drug Safety (MFDS).
Global Osteoarthritis Market Size, Segment Analysis:
Drug Class: Corticosteroids, NSIADs, and Viscosupplementation Agents contribute to industry revenue. Viscosupplementation is expected to witness the highest growth during the forecast period.
Route of Administration: The market revenue for osteoarthritis drugs is analyzed based on oral drugs, parenteral drugs, and topical drugs. Oral-based OA drugs held the highest share in 2018 and are anticipated to maintain this trend throughout the forecast period.
Distribution Channel: Revenue analysis spans hospitals, drugstores, pharmacies, and online channels. While online channels held the lowest share, they are projected to experience double-digit growth. Major players are actively investing in online channels to enhance purchasing convenience for customers and foster long-term retention.
Global Osteoarthritis Market Size, Regional Outlook:
North America: Witnessed the highest osteoarthritis drug sales in 2018, contributing to 57% of total market revenue. With over 61 million people in the U.S. suffering from OA, the region provides a sizable addressable market. The U.S. sees robust sales of biologic analgesics such as Regeneron’s fasinumab, TissueGene’s Invossa, and Pfizer’s tanezumab.
Asia Pacific: Expected to register the fastest growth during the forecast period. Japan and China hold the highest OA market share in 2019, with Japan's market valued at US$ 169 million in 2018. China and India are projected to achieve double-digit growth due to increased healthcare FDI and improved healthcare infrastructure. Favorable reimbursement policies, such as India's Ayushman Bharat, are poised to make healthcare more accessible to lower-income individuals, boosting spending on osteoarthritis treatment in the region.
Global Osteoarthritis Market Size, Competitive Landscape:
Key industry players include Pfizer, Cara Therapeutics, Mitsubishi Tanabe Pharma, Ampio Pharmaceuticals, Cellular Biomedicine Group, Teva Pharmaceutical, Eli Lilly, Techfields Pharma, Healthcare Life Sciences, Seikagaku Corp, Kolon Life Sciences, Flexion Therapeutics, Ono Pharmaceutical, Regeneron Pharmaceuticals, Mundipharma, Samumed, Centrexion Therapeutics, TissueGene, among others.
Research Scope:
By Drug Class:
Corticosteroids
NSIADs
Viscosupplementation Agents
By Route of Administration:
Oral
Parenteral
Topical
By Distribution Channel:
Drugstores
Pharmacies
Hospital Stores
Online Pharmacies
The global osteoarthritis market is poised for substantial growth, driven by escalating cases, evolving clinical trials, and significant advancements in treatment options. As the industry progresses into higher phases of FDA testing, competition will heighten, creating a dynamic landscape. Emerging markets, particularly in Asia Pacific, are expected to play a pivotal role in shaping the future of osteoarthritis treatment, presenting lucrative opportunities for industry players.
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Viscosupplementation Market : A Deep Dive into the Industry's Key Applications and Technologies
“According to the research report published by Polaris Market Research, the Global Viscosupplementation Market Is Estimated To Reach USD 6.47 Billion By 2028, at a CAGR of 9.1% during the forecast period.” Polaris Market Research has unveiled an updated report on Viscosupplementation Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2032, that provides a thorough analysis of the market status with the best facts and figures, definitions, applications, and the latest developments across the globe. The report assesses the industry structure based on Viscosupplementation Market size, segments, source, distribution channel, and major regions. It scrutinizes the latest trends in the industry and studies their impact on the overall market environment. The market has evolved swiftly in recent years and has made a remarkable contribution to global finances in terms of growth rate, Viscosupplementation Market share, and revenue generation.
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Key Market Dynamics This analytical study report provides information on significant aspects of the market, such as dynamics, key demand and price, technology trends, and detailed profiles of key players, industry revenue, and regional segments analyzing the Viscosupplementation Market based on SWOT and Porter's Five Forces models. Details of segment markets by type, application, and region have been covered in this report, with historical data presented in metrics of sales volume, revenue, and growth rate.
Key Offerings:
Industry Dynamics
Viscosupplementation Market Segmentation
Market Size in terms of Value and Volume: Current, Historical, and Projected Data
Industrial Trends and Developments
Competitive Landscape
Opportunities in the market
Strategies and Products offerings of Major Players
Strategic Recommendations for the new entrants
Production and Consumption Analysis by Regions
Growth Prospects with Revenue Estimations
Main Findings and Insights
The next section gives a detailed description of the key drivers, restraints, growth opportunities, challenges, and risks in the market. Further, the development status and future Viscosupplementation Market trends are tracked in the report. The supply chain and cost analysis in the report are both explained in-depth. Through technological innovation and advancement, the product's performance will be further optimized, expanding its use in downstream applications. Additionally, readers will find market dynamics and consumer behavior studies as essential data for understanding the market. Top Key Players:
Anika Therapeutics Inc.
Sanofi
Zimmer Holdings Inc.
Lifecore Biomedical LLC
LG Life Sciences Limited
Bioventus
Ferring B.V
Salix Pharmaceuticals Inc.
Fidia Farmaceutici S.p.A.
F. Hoffmann-La Roche AG.
Viscosupplementation Market key players are presented along with their expansion plans, share, strategies, and business overview. In addition to this, their company profiles, sales figures, profit margins, and product and service portfolios are evaluated in the report. The chapter sheds light on the business expansion strategies employed by these players, such as mergers and acquisitions, product launches, collaborations, M&A, contracts, partnerships, and joint ventures.
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How Will This Report Help you?
The report delivers extensive analysis in the form of figures, tables, charts, and graphs combined with an in-depth study of current and future Viscosupplementation Market prospects. It further allows readers to comprehend the competitive regional pattern by comparing the sales volume and revenue of the world's key regions. Import volume and export volume are evaluated on a regional level. Key statistical insights are presented in a straightforward manner that will users grasp the market's development patterns, crucial factors, and other loopholes which are expected to affect the market expansion.
Key Regions Covered By Report:
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and the rest of South America)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
The entire market industrial chain is examined in the research, from the important upstream raw materials and their suppliers to the midstream distributors and downstream customers, while taking the effects of global inflation into account. Finally, it predicts the market's future trends from the perspectives of various types, uses, and significant geographical areas. This study is a trustworthy source for market research that will greatly accelerate the growth of your business and increase its presence in the Viscosupplementation Market. Browse Additional Details on "Viscosupplementation Market" @ https://www.polarismarketresearch.com/industry-analysis/viscosupplement-market
Reasons to Purchase This Report
This research includes a thorough worldwide and regional analysis of the market.
It gives thorough coverage of every sector of the market in order to assess prospective trends, growth plans, and industry size projections.
The firm profiles of each industry player examine the industry portfolio, sales income, SWOT analysis, and current advancements.
Comprehension of the market's drivers, restrictions, and key small markets.
Analysis of collaboration and authorizing transaction trends can be used to identify commercial prospects in the market sales scenario.
The research analyzes how specific industry structures, ideas, or technological advancements may help with player promotion.
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Viscosupplementation Market is Estimated To Witness High Growth Owing To Rising Prevalence of Osteoarthritis
Viscosupplementation refers to a treatment for osteoarthritis where injections of hyaluronic acid, or other supplements, are given into the knee joint.These injections help supplement the natural viscosity and elasticity of the synovial fluid in joints that have become thin or less elastic due to osteoarthritis. This helps to lubricate and cushion the joints, thereby reducing pain and improving mobility. These injections provide an alternative non-surgical treatment for knee osteoarthritis pain management. The viscosupplementation market is estimated to be valued at US$ 3,146.7 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising prevalence of osteoarthritis is expected to drive the growth of viscosupplementation market over the forecast period. Osteoarthritis is the most common form of arthritis and a leading cause of disability worldwide. As per data released by Centers for Disease Control and Prevention (CDC), over 32.5 million adults have been diagnosed with osteoarthritis in the United States alone. Growing geriatric population is highly prone to develop osteoarthritis, as about 60% of the osteoarthritis cases are seen in people above 55 years of age. Moreover, rising incidence of obesity is another factor contributing to the growth of osteoarthritis cases globally. As viscosupplementation offers a minimally invasive and effective treatment option for knee osteoarthritis, the demand for these injections is expected to increase significantly over the coming years. Porter’s Analysis Threat of new entrants: The high capital requirements and stringent regulatory standards set high entry barriers for new companies in this market. Bargaining power of buyers: The buyers have moderate bargaining power due to the availability of alternative treatment options for osteoarthritis. Bargaining power of suppliers: A few major players dominate the supply side, giving them significant power over pricing. Threat of new substitutes: Alternative treatment options like stem cell therapy, platelet-rich plasma injections pose a potential threat. Competitive rivalry: Intense competition exists among the key players to gain higher market share. SWOT Analysis Strength: Viscosupplementation is a non-invasive treatment with minimal side effects. It provides temporary pain relief and improves joint mobility. Weakness: The treatment requires repetitive injections and the effects are temporary. The high costs associated limit its accessibility. Opportunity: Rising geriatric population driving the osteoarthritis cases presents an large opportunity. Emerging economies with growing healthcare spending are lucrative markets. Threats: Strong pipeline of alternative novel therapies can replace viscosupplementation in the long run. Price regulation affects profit margins of manufacturers. Key Takeaways The global viscosupplementation market is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing prevalence of osteoarthritis globally. North America dominated the market in 2020 owing to the growing geriatric population and rising healthcare expenditure in the US and Canada. Europe is the second largest market supported by the availability of reimbursement and technologically developed healthcare infrastructure in major countries. Regional analysis: Asia Pacific is anticipated to be the fastest growing region during the forecast period. Improving access to healthcare facilities along with increasing disposable incomes in developing nations like China and India are fueling the market growth. Key players operating in the viscosupplementation market are Anika Therapeutics Inc., Seikagaku Corporation, Ferring Pharmaceuticals, Bioventus, Fidia Farmaceutici S.P.A., Mylan N.V., Sanofi S.A., OrthogenRx, Teva Pharmaceutical Industries Ltd, and Johnson & Johnson. These players focus on new product launches and acquisitions to strengthen their market position.
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Revolutionizing Knee Arthritis Care - Embracing Regenerative Therapies
Knee arthritis, a painful condition that restricts movement and affects millions, is undergoing a transformation in its treatment options. Forget invasive surgeries; we're diving into the realm of advanced non-surgical regenerative therapies that promise a brighter future for those suffering from joint pain.
Unlocking the Potential of Regenerative Medicine
Imagine a treatment that goes beyond masking symptoms and aims to restore your knee to its former glory. That's the promise of regenerative medicine in knee arthritis care.
Stem Cell Therapy: This groundbreaking approach harnesses your body's own healing power. Stem cell therapy involves extracting potent stem cells from your bone marrow or adipose tissue, concentrating them, and then precisely injecting them into your aching knee. These cells act as your body's natural repair crew, regenerating damaged cartilage, reducing inflammation, and bringing lasting relief.
Super Concentrated Platelet (SCP) Therapy: Another game-changer is SCP therapy. It's all about your blood's golden healing components. A small sample of your blood is processed to concentrate platelets, rich in growth factors, and then injected into your problematic knee. These growth factors jumpstart tissue repair, quell inflammation, and kickstart your body's own healing processes.
Evolving Non-Surgical Techniques
Regenerative therapies aren't alone in revolutionizing knee arthritis care. Innovative non-surgical techniques complement their efforts.
Viscosupplementation: This technique involves injecting hyaluronic acid, a natural joint lubricant, into your arthritic knee. It rejuvenates your knee's natural lubrication, easing friction, and enhancing your mobility.
Physical Therapy: Don't underestimate the power of movement. Tailored exercise programs, under the guidance of skilled physical therapists, strengthen the muscles surrounding your affected knee, offering support and pain relief.
Corticosteroid Injections: While not regenerative, corticosteroid injections can provide a temporary respite from severe knee pain and inflammation.
A Comprehensive Approach
The most effective knee arthritis care often demands a comprehensive strategy. By combining regenerative therapies with physical therapy, lifestyle adjustments, and strategic pain management, you can maximize your chances of recovery and regain an active life.
In conclusion, the days of relying solely on surgery for knee arthritis relief are fading. With the rise of regenerative therapies and advanced non-surgical techniques, patients now have a promising path toward a pain-free, mobile future.
#knee joint pain treatment#arthritis treatment#knee arthritis treatment#joint pain treatment#kne joint pain#stem cell treatment#PRP for joint pains
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Orthopedic Biomaterials Market Statistics and Global Analysis Report 2030
The Global Orthopedic Biomaterials Market was valued at US$ 12,345.7 Million in 2022 and is anticipated to reach US$ 21,576.5 Million by the end of 2030 with a CAGR of 7.2% from 2023 to 2030
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For instance, according to National Health Statistics Reports, 213 million Americans aged 6 and older engaged in sports and fitness activities throughout their early years. A surge in orthopedic operations including viscosupplementation, joint reconstruction, and joint arthroplasty is also assisting the growth of this industry. The global increase in musculoskeletal illnesses is the main element contributing to the market’s expansion. In humans, musculoskeletal disorders typically affect the joints, bones, and muscles and promote the growth of various inflammatory and painful ailments. Orthopedic biomaterials are necessary for the effective healing of such musculoskeletal problems, which is anticipated to drive market expansion. The World Health Organization (WHO) reported that 1710 million people globally experienced musculoskeletal issues in 2022. As sports injuries, accident-related trauma cases, and orthopedic procedures like joint repair and joint arthroplasty rise, there is also a large demand for orthopedic biomaterials. The market for orthopedic biomaterials is expanding as a result. Over the next few years, it is anticipated that the usage of orthopedic biomaterials will increase as the world’s aging population grows increasingly vulnerable to joint problems and procedures. A July 2022 report from the World Health Organization estimates that approximately 1710 million people globally experience musculoskeletal issues.
Global Orthopedic Biomaterials Market Amid COVID-19 Pandemic
Fewer traffic accidents and injuries occurred as a result of the pandemic’s widespread lockdowns, which also curtailed private and public transit. This caused healthcare institutions to shift their attention from surgical procedures to COVID-19 patients, which had a short-term effect on the market in the early pandemic period, especially in specialist hospitals. Additionally, because of resource constraints, orthopedic clinics and hospitals around the world were only able to handle emergencies, while other institutions were converted into confinement facilities and treatment centers for COVID-19 patients. The eventual halt to all elective surgeries has limited exposure to various techniques and hands-on experience. Therefore, during the COVID-19 pandemic, these factors had a significant global impact on the demand for orthopedic biomaterials.
However, as the number of pending surgical procedures rises, the post-COVID-19 situation will probably worsen.
Additionally, there is a huge demand for orthopedic biomaterials due to the increase in sports injuries, accident-related trauma cases, and orthopedic surgeries like joint reconstruction and joint arthroplasty. This is propelling the growth of the orthopedic biomaterial market.
Increasing Prevalence of the geriatric population along with the increased rates of musculoskeletal injuries and patients choosing knee replacement, construction, and other orthopedic operations related to joints to Boost the Global Orthopedic Biomaterials Market
The aging population, increased rates of musculoskeletal injuries, and growth in the number of patients selecting knee replacement, construction, and other orthopedic procedures involving joints are all expected to have an impact on the market. The World Population Prospects 2022 report from the UN Department of Economic and Social Affairs predicts a rise in the proportion of people 65 and older, from 10% in 2022 to 16% in 2050. By 2030, it is anticipated that the number of persons 65 and older will have surpassed that of children under the age of five and will be nearly equal to that of children under the age of twelve.
Over the next few years, it is anticipated that the usage of orthopedic biomaterials will increase as the world’s aging population grows increasingly vulnerable to joint problems and procedures. A July 2022 report from the World Health Organization estimates that approximately 1710 million people globally experience musculoskeletal issues. The growing prevalence of musculoskeletal injuries brought on by such a high burden of musculoskeletal disorders is driving the growth of the orthopedic biomaterials market.
The market is also growing as a result of industry advancements. As an illustration, a fresh implantable Whitlockite Biomaterial was unveiled. Whitlockite, a kind of magnesium tricalcium phosphate, has shown exceptional bioactive regenerative and reconstructive properties as well as remarkable biocompatibility, making it an effective biomaterial for implant utilization on fracture or bone defect sites.
As a result, it is expected that the aforementioned factors will encourage market expansion during the research period. However, the lack of reimbursement policies for the operations would somewhat restrict the market growth.
North America to Spearhead the Global Orthopedic Biomaterials Market
Due to the growing target population, rise in the geriatric population, high adoption of cutting-edge orthopedic products, and presence of numerous pharmaceutical firms specializing in orthopedics, North America is anticipated to account for a sizeable portion of the global orthopedic biomaterials market. One of the main forces for the segment’s growth is the rise in knee injuries. For instance, among the top 3 inpatient procedures carried out each year in Canada are knee replacements. The market’s expansion is also being fueled by the regulatory authority’s permission.
Rising geriatric population: The prevalence of geriatric patients, along with an increase in the number of patients with chronic diseases and obesity, is a major factor driving the growth of global orthopedic biomaterials. Other important factors include the introduction of new services by a significant number of key players. The government’s endeavors to offer correct services to the healthcare facilities sector fuel market expansion.
Adoption of new technologies: The North American market is anticipated to increase gradually as a result of the introduction of new technologies including the Internet of Things, artificial intelligence, robotics, and others. The region holds a sizable market share, which can be attributable to ongoing studies on orthopedic biomaterials for various reasons and the expanding North American pharmaceutical market.
Adoption of new products: high adoption of cutting-edge orthopedic products is boosting the revenue of various companies in North America.
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Some of the key players operating in the market are DSM Biomedical B.V, Evonik Industries AG, Stryker Corporation, Zimmer Biomet Holdings Inc., Exactech, Inc., CAM Bioceramics B.V., DePuy Synthes (Johnson & Jhonson), Invibio Limited, Globus Medical, Others. Furthermore, companies operating in the Orthopedic Biomaterials market have adopted several growth strategies to expand their market share and increase their revenue.
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Global Viscosupplementation Market Is Estimated To Witness High Growth Owing To Increasing Demand for Minimally Invasive Treatment Options
The global viscosupplementation market is estimated to be valued at US$ 3,146.7 million in 2022 and is expected to exhibit a CAGR of 8.2% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Viscosupplementation is a medical procedure that involves the injection of hyaluronic acid into the joint to provide lubrication and cushioning, thereby reducing pain and improving mobility. It is commonly used to treat osteoarthritis, a degenerative joint disease that affects millions of people worldwide.
Market Overview:
Viscosupplementation products offer several advantages over traditional treatment options such as nonsteroidal anti-inflammatory drugs (NSAIDs) and corticosteroid injections. They provide long-lasting pain relief, improve joint function, and have a lower risk of side effects. These factors have contributed to the growing adoption of viscosupplementation products among patients and healthcare professionals. The increasing prevalence of osteoarthritis, particularly in the aging population, has further fueled the demand for these products. According to the Centers for Disease Control and Prevention (CDC), an estimated 32.5 million adults in the United States are affected by osteoarthritis, making it a leading cause of disability.
Market Key Trends:
One key trend in the viscosupplementation market is the shift towards minimally invasive treatment options. In recent years, there has been a growing preference for non-surgical procedures among patients, as they offer faster recovery, fewer complications, and reduced healthcare costs. Viscosupplementation provides an effective alternative to invasive surgical interventions such as joint replacement surgery. This trend has been further accelerated by advancements in medical technology, which have improved the safety and efficacy of viscosupplementation procedures. For example, Bioventus, a leading player in the Viscosupplementation Market, offers a range of minimally invasive viscosupplementation products such as Gel-One and Durolane. These products are designed to provide long-lasting pain relief and improve joint function without the need for surgery. Similarly, Anika Therapeutics Inc. has developed Hyalofast, a biodegradable matrix that can be used in conjunction with hyaluronic acid injections to enhance the effectiveness of viscosupplementation.
PEST Analysis:
Political: The regulatory environment plays a crucial role in the viscosupplementation market. Government regulations and policies regarding the approval and reimbursement of these products can impact their adoption and market growth. For example, the U.S. Food and Drug Administration (FDA) has established guidelines for the safety and efficacy evaluation of viscosupplementation products.
Economic: The growing healthcare expenditure and increasing healthcare insurance coverage are expected to drive market growth. Moreover, the rising disposable income in emerging economies is likely to contribute to the demand for viscosupplementation products.
Social: The aging population and the increasing prevalence of osteoarthritis are major social factors driving the demand for viscosupplementation products. Additionally, the growing awareness about the benefits of these products among patients and healthcare professionals is expected to boost market growth.
Technological: Advancements in medical technology have led to the development of innovative viscosupplementation products with enhanced safety and efficacy. For instance, the use of cross-linked hyaluronic acid has improved the longevity of pain relief provided by viscosupplementation.
Key Takeaways:
The global viscosupplementation market is expected to witness high growth, exhibiting a CAGR of 8.2% over the forecast period, due to increasing demand for minimally invasive treatment options. The market is driven by factors such as the growing prevalence of osteoarthritis, the advantages offered by viscosupplementation products, and advancements in medical technology. In terms of regional analysis, North America is expected to dominate the viscosupplementation market, owing to the high prevalence of osteoarthritis and the presence of key market players. Europe is also anticipated to have significant market growth due to the aging population and increasing healthcare expenditure. Key players operating in the global viscosupplementation market include Anika Therapeutics Inc., Seikagaku Corporation, Ferring Pharmaceuticals, Bioventus, Fidia Farmaceutici S.P.A., Mylan N.V., Sanofi S.A., OrthogenRx, Teva Pharmaceutical Industries Ltd, and Johnson & Johnson. These companies are focused on developing innovative viscosupplementation products and expanding their market presence through strategic partnerships and acquisitions. In conclusion, the global viscosupplementation market is projected to experience substantial growth in the coming years, driven by the increasing demand for minimally invasive treatment options and the growing prevalence of osteoarthritis. Advancements in medical technology and the advantages offered by viscosupplementation products are expected to further propel market growth.
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Increasing Prevalence of Osteoarthritis to Augment the Viscosupplementation Market Growth
Viscosupplementation is a minimally invasive procedure that helps reduce joint pain and improves the functional condition of the osteoarthritic joint. It is a treatment in which a thick fluid named hyaluronate or hyaluronic acid is injected into the knee joint Hyaluronic acid is distributed throughout the body in epithelial, connective tissues, and neural tissues to promote better joint development and lubrication. Osteoarthritis is a type of arthritis that occurs when the flexible tissue at the ends of bones begins to wear down. Moreover, osteoarthritis is the most common form of arthritis in the world. It can be classified into 2 categories such as primary and secondary osteoarthritis.
Osteoarthritis is characterized by loss of function and degeneration of cartilage and tissues that cover the ends of the bones in a joint. There is not a complete cure for osteoarthritis, hyaluronic acid is thought to improve the lubricating properties of the synovial fluid, provide a more comfortable level of activity, improve mobility, and reduce the pain from osteoarthritis of the knee. The increasing prevalence of osteoarthritis is expected to increase the demand for viscosupplementation products, which is expected to drive the viscosupplementation market growth. According to the World Health Organization (WHO), around 9.6% of men and 18.0% of women aged 60 years and above have symptomatic osteoarthritis worldwide. However, the number is expected to increase due to the growing geriatric population and the obesity epidemic.
Moreover, novel biomimetic polymer viscosupplements are rapidly replacing in-development osteoarthritis joint injections, and thus, key players are focused on increasing research and development in biocompatible polymers. These polymers are widely used in the Food and Drug Administration (FDA) approved stents, surgical meshes, and contact lenses, and help prevent degradation associated with hyaluronate. Furthermore, the viscosupplementation market is expected to witness robust growth in 2021 with a somewhat recovery of emerging and developed economies from the global pandemic (COVID-19).
In terms of geography, the market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Osteoarthritis is the most common joint disorder in the United States. The increasing prevalence of lifestyle-induced disorders, increasing demand for non-surgical treatments for osteoarthritis, and technological advances in the development of hyaluronic acid-based therapies are some of the factors expected to foster the viscosupplementation market growth. For instance, in 2019, Anika Therapeutics showcased HYALOFAST, a biodegradable, hyaluronic acid-based scaffold for cartilage repair at the 2019 International Cartilage Regeneration and Joint Preservation Society (ICRS) Focus Meeting.
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Europe Viscosupplementation Market to Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2022 to 2032
Growing prevalence of osteoarthritis, strong healthcare infrastructure and well established reimbursements are soaring the demand for viscosupplementation market. The Europe viscosupplementation market has been segmented by product type, end user and region.
Rising prevalence of knee osteoarthritis is fuelling demand for effective treatment therapies. Hyaluronic acid-based intra-articular injections have proved to be one of the most preferred choices of treatment for symptomatic knee osteoarthritis. Hyaluronic acid-based intra-articular injections restore normal viscoelastic properties of altered synovial fluid in the knee joint, delivering effective therapeutic effect. The ultimate goal of viscosupplementation is to increase the concentration of hyaluronate in the joints so to restore the altered synovial fluid present in the joints.
Future Market Insights (FMI) delivers key insights on the Europe viscosupplementation market in its upcoming report titled, “Viscosupplementation Market: Europe Industry Analysis and Opportunity Assessment, 2016-2026”. In terms of revenue, the Europe viscosupplementation market is projected to register a healthy CAGR of 5.1% during 2016-2026.
FMI’s report has segmented the market on the basis of product type, end user and region.
Based on product type, the market has been segmented into one injection viscosupplementation, three injection viscosupplementation and five injection viscosupplementation.
Single injection viscosupplementation product type segment is expected to emerge as the most popular segment over the forecast period, driven by better patient compliance as the treatment reduces the need for multiple hospital visits. The segment is expected to register the highest CAGR of 6.7% during the forecast period.
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Five injection viscosupplementation product type segment is expected to witness a decline in market share in terms of revenue from 29.0% in 2015 to 23.3% in 2026. This decline is attributed to more incidence of side effects and repeated patient visit requirements associated with five injection viscosupplementation. Reimbursement cutbacks and high injection costs are other factors that can curtail demand for five injection viscosupplementation.
By end-users, the market is segmented into hospitals, ambulatory surgical centres and orthopaedic clinics. Hospitals end-use segment is expected to witness significant demand for viscosupplementation, registering a CAGR of 4.3% over the forecast period. Better reimbursement options and increasing patient preference for single injection cycle for osteoarthritis treatment is expected to drive demand for one injection viscosupplementation in the orthopaedic clinics segment over the forecast period.
Europe Viscosupplementation Market Trends
Key trends in the viscosupplementation market are the use of single injection cycle for osteoarthritis treatment and introduction of new combination products in the market. For example, the product pipeline of major players in the viscosupplementation market involves combining corticosteroid injections, which help in relieving pain associated with osteoarthritis, with long-lasting effects of hyaluronic acid, which lasts for nearly six months. Further, regional competition within EU countries, especially in five injection cycle, is leading to entry of new market players. Europe is a mature market in terms of generic products and it is therefore relatively easier to obtain CE mark in Europe than it is to obtain the U.S. FDA approval.
Western Europe has been estimated to dominate the Europe viscosupplementation market in 2015, attributed to factors such as the presence of key regional players, strong distribution network and better healthcare infrastructure in the region.
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Key Players in Europe Viscosupplementation Market
Anika Therapeutics Inc.
Sanofi S.A.
Zimmer Biomet Holdings
Meda AB
Ferring B.V
Fidia Pharmaceutici S.p.A
Bioventus LLC.
We have discussed individual strategies followed by these companies in terms of enhancing product designs, creating new manufacturing facilities, market consolidation and advanced R&D initiatives. The report concludes with key takeaways that could help players already present in the market and new players planning to enter the market in the long run.
Market Dynamics
Growth of the Europe viscosupplementation market is mainly driven by rising obesity rates and growing patient awareness about effective treatment therapies for knee osteoarthritis, coupled with macroeconomic factors such as high unmet patient needs and strengthening of distribution network by key players in the viscosupplementation market. Other prominent growth drivers include rapidly growing medical technology industry and cost-effectiveness of the treatment. However, economic issues in some Eastern European countries and reimbursement cutbacks are expected to hamper overall growth of the viscosupplementation market in Europe over the forecast period.
Viscosupplementation devices are classified under Class III category in Europe and are considered high-risk devices. They require premarket approval from notified bodies, including private organisations recognised by the European Free Trade Association (EFTA).
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Key Segments
Product Type
Single Injection Viscosupplementation
Three Injection Viscosupplementation
Five Injection Viscosupplementation
End User
Hospitals
Ambulatory Surgical Centres
Orthopaedic Clinics
Key Regions/Countries
Western Europe
K.
France
Germany
Spain
Italy
Nordics
Rest of Western Europe
Eastern Europe
Russia
Rest of Eastern Europe
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The Use Of Viscosupplementation Is Highly Recommended For Patients Suffering From Osteoarthritis
Viscosupplementation can considerably lessen discomfort while enhancing the joint's mobility and functionality, making daily activities and even rigorous exercise less uncomfortable. In a method called Viscosupplementation Market, hyaluronic acid, a fluid that resembles gel, is injected directly into the joint. Synovial fluid around joints contains hyaluronic acid naturally, which helps to lessen friction while moving. By lubricating the joint and helping the synovial fluid produce more cushion, the injection works. This helps to lessen discomfort and increase the joint's mobility or range of motion.
Read more @ https://influentialblogging.blogspot.com/2022/08/viscosupplementation-is-highly.html
#Viscosupplementation#Viscosupplementation Market#Viscosupplementation Demand#Pharmaceutical#Coherent Market Insights
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