Report Ocean presents a new report on Knee Hyaluronic Acid Injections Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
The Knee Hyaluronic Acid Injections Market value was US$ million in 2020. The Knee Hyaluronic Acid Injections Marketvalue is forecast to reach US$ million by 2030, growing at a compound annual growth rate (CAGR) % during the forecast period from 2021-2030.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Knee Hyaluronic Acid Injections Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Knee osteoarthritis is disability which develops slowly and increases pain over the period. Numerous treatments are available of which one is Viscosupplementation in which a gel like fluid called hyaluronic acid is injected into the knee joint. The acid injected acts as a lubricant enabling bones to move smoothly over each other and as a shock absorber for joint loads. The growing prevalence of osteoarthritis across the globe drives the market growth. As per Arthritis India, over 180 million people of India accounting to 15% of the population had Arthritis. As per Arthritis Society, as of 2019, about 20% of the Canadian population above 15 years of age have arthritis accounting for 1 in 5 people.
And women are more likely to have arthritis as compared to men resulting in nearly 60% of the affected population being women. Further, the society forecasts this prevalence to increase over the coming decades. As per the projected data, about 24% of the Canadian population will have arthritis by 2040. Further increasing geriatric population and change in lifestyle augment the market growth. Also, advancement in hyaluronic acid based therapy and increasing awareness regarding the treatment boost the market growth. Moreover, improving health care infrastructure, rise in the emphasis on quality care, and rapid urbanization offer opportunities to product manufacturers to expand their geographic presence in the market. As in September 2020, Bioventus company celebrated 2 million treatments of DUROLANE, a single injection hyaluronic acid product used in treatment of pain from Osteoarthritis. While, the growing government support and reimbursement initiatives along with swelling clinical trials accelerate the growth rate of the market. However, high cost of treatment and concerns for side effects impedes the growth of the market over the forecast period of 2020-2027.
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The regional analysis of global Knee Hyaluronic Acid Injections market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing prevalence of osteoarthritis and growing healthcare investments would create lucrative growth prospects for the Knee Hyaluronic Acid Injections market across Asia-Pacific region.
Major market player included in this report are:
Seikagaku Corporation (Zimmer Biomet Inc.)
Sanofi S. A.
Anika Therapeutics Inc. (DePuy Synthes Inc.)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Next Generation (Steroid Combination)
Ambulatory Surgical Centers
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Rest of the World
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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