Osteoarthritis Drugs Market Size Expand For Development In Future Challenges With Pfizer, Abbott, Eli Lilly and Company
The most prevalent type of arthritis is osteoarthritis, often known as degenerative joint disease. It can affect a variety of joints throughout the body. The condition, on the other hand, has a significant impact on the small joints of fingers, lower back, knees, hips, neck.
The global osteoarthritis drugs market size was valued at US$ 5,895.1 million in 2020 and is expected to exhibit a CAGR of 8.2 % over the forecast period (2021 – 2027).
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Manufacturers, this report covers: Osteoarthritis Drugs market are Pfizer Inc., Abbott, Eli Lilly and Company, ABIOGEN PHARMA S.p.A, Horizon Pharma plc., Ferring B.V., Merck Sharp & Dohme Corp., Medivir, Bioventus, Inc., Sanofi, Flexion Therapeutics, Inc., Regeneron, and GlaxoSmithKline Plc.
Injury, obesity, and a variety of other variables all contribute to osteoarthritis. The affected body portion has severe joint pain and stiffness as a result of this condition. Swelling in joints, tingling in the legs and arms, and a reduced range of motion are all indications of osteoarthritis. The market is predicted to rise because of the raising occurrence of rheumatoid arthritis. Rheumatoid arthritis, the third most common form of osteoarthritis and gout, affects roughly 1.3 million people in the United States and about 1% of the global population, according to Rheumatoid Arthritis. Org Facts from October 2018.
Furthermore, the market for osteoarthritis medications is predicted to rise due to rising obesity rates linked to a deskbound lifestyle over the forecast period. Obesity puts additional pressure on the knees and hips, causing the cushion joints to wear down more quickly. According to a factsheet published by the World Health Organization (WHO) in February 2018, over 1.9 billion adults over the age of 18 were overweight in 2016, with roughly 650 million being obese.
However, the provision of just symptomatic treatment rather than a permanent cure for osteoarthritis is projected to be a key stumbling block to market expansion. Regular use of nonsteroidal anti-inflammatory medicines (NSAIDs) in the treatment of osteoarthritis might result in cardiovascular events such as heart attack and stroke, which is predicted to limit market growth.
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By Drug Class:
Nonsteroidal Anti-Inflammatory Drugs
Phase III Drugs
By Route of Administration:
By Disease Type:
By Distribution Channel:
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Senior Client Partner – Business Development
- Coherent Market Insights
- Nirav Gokani
- Website: Osteoarthritis Drugs Market