The global osteoarthritis treatment market is projected to grow at a CAGR of 9.0%. Improving healthcare sector, treatment types, safety& emerging technologies are driving the market growth. Osteoarthritis is the most common form of arthritis, affecting millions of people worldwide. It occurs when the protective cartilage that cushions the ends of your bones wears down over time.  However osteoarthritis can damage any joint, the disorder most commonly affects joints in your hands, knees, hips & spine. There is an increase in risk of osteoarthritis as age increases. Various diseases arising due to age factor are accounted on large scale. According to OAFI Osteoarthritis Foundation International Osteoarthritis accounts for more than 500 million people affected worldwide. The prevention of such diseases is important to ensure a healthy life span. Technologies have emerged in developed countries as North America & are spending about more than $ 500 million for the research of arthritis. In a society where the population’s life expectancy is on the rise, conditions such as these are to be considered as a priority as this severely impacts the quality of life.

Non-steroidal Anti-inflammatory Drugs (NSAIDs) application on large scale

Non-steroidal Anti-inflammatory Drugs (NSAIDs) treatment has played a vital role in treatment of this disease. Prostaglandins are a family of chemicals that are produced by the cells of the body and have several important functions. Prostaglandins are produced within the body's cells by the enzyme cyclooxygenase (COX), there are two COX enzymes, COX-1 and COX-2.Examples of the most common NSAIDs include: aspirin salsalate (Amigesic), diflunisal (Dolobid), ibuprofen (Motrin), ketoprofen (Orudis). However there are some side effects caused by this treatment various research & efforts are being made to overcome them. The adverse effect of this treatment on other parts is treated along with it.  Advances in technology are making enormous efforts to treat such diseases; similar efforts are also taken by non-profit organizations as OAFI Osteoarthritis Foundation International& WHO world health organization. Pharmaceutical company such as Lupin Limited has received approval from by FDA for Meloxicam capsules in 2020.

Above 60, age group dominates the market

The number of people aged 60 years or older will rise from 900 million to 2 billion between 2015 & 2050, which means growth from 12% to 22% of the total global population will be affected according to World Health Organization. Older people in low& middle income countries carry a greater disease burden than those in the rich world. The greatest causes of disability are sensory impairments, back & neck pain, chronic obstructive pulmonary disease, depressive disorders, falls, diabetes, dementia & osteoarthritis. As biological ageing is associated with person age, there is tremendous rise in people affected by osteoarthritis. In some cases the osteoarthritis is also found in adults & children as it is a genetic disorder, the effect of the disease may increase along with age if inappropriate treatment is caused.

North America holds largest share in regional analysis

The aging population, change in life style, lack of awareness of the disease, increase in genetic disorders & high cost for treatment are key factors for growth of osteoarthritis in North America. According to the National Public Health Agenda for Osteoarthritis in 2020, 1 in 7 adults are affected by osteoarthritis which holds for 32 million people in North America. FDA has approved a drug named Triluron which is used for the treatment of pain in osteoarthritis of the knee in patients who have not responded to non-surgical treatments from physical therapy and simple pain medicines. As this drug is intended to relieve pain associated with osteoarthritis in the knee for up to six months after the first dose, similar treatment are carried out to overcome osteoarthritis. Increasing prevalence ratesacross regions such as Europe & Asia Pacific tend to develop research & treatment of osteoarthritis. The associations play a vital role in awareness in the region associated with it.

Key players

Key players in this market include Sanofi SA, GlaxoSmithKline plc, Pfizer Inc, Bayer AG, Zimmer Biomet, Horizon Therapeutics PLC, Johnson & Johnson, Abbott, Eli Lilly, Anika Therapeutics, Inc, Novartis AG, Ferring Pharmaceuticals, Bioventus, Lupin Limited, FidiaFarmaceuticiS.p.A, Virchow Biotech. The key strategy includes empowering healthcare decisions regarding safety & application to the professionals, managing portfolio to sustain the business & run an efficient business model.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Osteoarthritis Treatment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Osteoarthritis Treatment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Osteoarthritis Treatment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Osteoarthritis Treatment market?
• Which is the largest regional market for Osteoarthritis Treatment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Osteoarthritis Treatment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Osteoarthritis Treatment market worldwide?