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The global viscosupplementation market size was valued at USD 2.75 billion in 2023. The market is projected to grow from USD 2.90 billion in 2024 to USD 4.60 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period.
Viscosupplementation is a technique that involves injecting hyaluronic acid into diarthrodial joints, such as the knee, hip, shoulder, and elbow. This procedure restores the synovial fluid’s rheological characteristics, resulting in analgesic, anti-inflammatory, and chondroprotective benefits.
Viscosupplementation is one of the primary treatments for osteoarthritis. It aims to restore the viscoelastic properties of synovial fluid and is also indicated after arthroscopic surgeries.
Apart from these indications, this treatment is also applicable for patients who have rheumatoid arthritis to improve their quality of life, mobility, and range of motion. It is only applied to RA patients when other treatment options are no longer working.
For maintaining an active lifestyle, individuals are seeking this therapy to delay the need for a total knee replacement or to avoid total knee replacement surgery. The prevalence of osteoarthritis (OA) is rising and is globally driven primarily by the growing aging population and an increase in the number of obese individuals. Though there is no cure for arthritis, many treatment options have been developed to improve the daily activities of the affected individuals.
Therefore, the rising incidence of osteoarthritis among patients is expected to drive the need for these treatments, which relieve joint pain by enhancing lubrication, consequently boosting market growth throughout the forecast period.
The COVID-19 pandemic had a negative impact on the viscosupplementation market in 2020 due to the decline in visits to hospitals and ASCs for the treatment of pain associated with osteoarthritis.
Due to factors mentioned above, the market experienced a decline in growth during the pandemic period. However, as COVID-19 restrictions were reduced in the post-pandemic period, the hospital visits for osteoarthritis treatment increased, resulting in considerable market growth from 2021 to 2023.
Growing Mergers and Acquisitions Among Prominent Players is Considered as Significant Market Trend
Osteoarthritis is the most prevalent form of arthritis affecting a larger population across the world, which is more common in geriatric populations. This has resulted in an increasing need for effective therapy for osteoarthritic patients. The viscosupplementation therapy is a non-surgical option for treating osteoarthritis symptoms. Therefore, the majority of market players are entering into mergers and acquisitions to introduce new products in the market and provide effective therapy for osteoarthritis. This trend is anticipated to continue throughout the forecast period in order to enhance their market positions and broaden their product offerings.
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Growing Prevalence of Osteoarthritis Among Geriatric Population Increases Demand for Effective Therapies Fueling Market Growth
The prevalence of age-related diseases, particularly osteoarthritis, is increasing across the globe. Intra-articular injection of hyaluronic acid derivatives, also called viscosupplementation, has become increasingly popular among treatment modalities in recent years.
Moreover, the escalating prevalence of osteoarthritis is another factor contributing to the growth of the market.
Such a growing aging population and rising prevalence of osteoarthritis are expected to drive demand for effective treatment with hyaluronic acid-based injections during the forecast period.
Growing Demand for Non-Surgical Treatments for Osteoarthritis has been Increasing Sales of Hyaluronic acid-based Injections Boosting Market Growth
The increasing demand for non-surgical treatment for osteoarthritis is one of the factors driving the market’s growth. When the more conservative measures fail and surgery is to be avoided, viscosupplementation is another option for the treatment of osteoarthritis.
In addition, the treatment with viscosupplement injections can help patients delay or postpone their knee surgeries, which are necessary to treat osteoarthritis.
Therefore, the increasing adoption of non-surgical methods, such as hyaluronic acid-based injections to delay osteoarthritic surgeries, is a factor contributing to market growth.
High Cost of Therapy Might Restrain Market Growth
The viscosupplementation treatment for osteoarthritis is costly, and the patient may need more than one injection. Also, some of the doctors stated that, the effectiveness of these injections is not consistent.
Moreover, middle-class people and individuals living in emerging countries of the Middle East & Africa and the Asia Pacific region are unable to afford this therapy due to its higher cost, which limits its use. Thus, the high cost of hyaluronic acid-based injections and the overall treatment of osteoarthritis are expected to restrict the viscosupplementation market growth during the forecast period.
Potential Advantages Associated with Single Injections are Increasing its Adoption to Drive Segmental Growth
The market is segmented into single injections and multiple injections in terms of type.
The single injection segment held the largest market share in 2023 and is expected to grow at a faster CAGR during the forecast period. The growth of the segment is mainly attributed to the fact that the single injection viscosupplements are associated with several advantages. These include a decrease in the number of recurrent outpatient clinic visits and a reduction in the number of viscosupplement injections for the patient, leading to a potential decrease in complications linked with the minimally invasive procedure.
Moreover, the multiple injection segment is expected to experience significant growth throughout the forecast period. New product launches and increasing research studies are some of the factors expected to result in segmental growth throughout the forecast period.
Increasing Product Launches Leading to Non-animal Segment’s Dominance During Forecast Period
Based on the source, the market is bifurcated into animal and non-animal.
The non-animal segment dominated the market in 2023 and is expected to grow throughout the forecast period. The growth of the segment is mainly attributed to the fact that non-animal based viscosupplements are suitable for all types of patients having allergies to poultry products. Also, the increasing product launches for non-animal-based viscosupplements are an additional factor driving the market growth.
The animal segment is expected to grow at a significant CAGR during the forecast period. The rising product launches for animal-based viscosupplements are the main factor driving the segmental growth.
Increasing Number of Regulatory Approvals and Product Launches Facilities to Lead to Knee Segment’s Dominance in Forecast Period
On the basis of application, the market is segmented into knee osteoarthritis, hip osteoarthritis, and others.
The knee osteoarthritis segment held the maximum market share in 2023 and is anticipated to experience positive growth throughout the forecast period. The high growth of the segment is largely due to the increasing prevalence of knee osteoarthritis and the increasing launch of hyaluronic acid-based injections for knee osteoarthritis treatment.
Moreover, the hip segment is estimated to grow at the highest CAGR during the forecast period. The launch of new products and increasing regulatory approvals are the key factors contributing to the expansion of the hip segment.
Furthermore, the others segment is expected to grow during the forecast period. The growth of the segment is attributed to the launch of viscosupplements for the treatment of hand, shoulder, and foot osteoarthritis.
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Growing Use of Viscosupplements by Hospitals & ASCs Due to Large Osteoarthritic Patient Volumes
Based on end-user, the market is divided into hospitals & ASCs, specialty clinics, and others.
Hospitals & ASCs segment held the largest market share in 2023. The dominance of the segment is largely due to a higher number of patients being admitted and a significant rise in viscosupplement procedures being carried out in hospitals worldwide. Moreover, the increase in the number of hospitals in both developed and developing nations, as well as the growing occurrence of joint disorders, are some of the factors that are fueling the growth of this segment.
Also, the growing emphasis on recruiting a large number of orthopedic specialists by hospitals to provide effective treatment is an additional factor driving segmental growth.
In addition, the specialty clinics segment is expected to grow at the highest CAGR during the forecast period. The rising demand for specialized healthcare and the proliferation of specialized medical centers in developed countries will likely fuel significant growth in the treatment of osteoarthritic conditions.
Furthermore, the others segment is expected to grow during the forecast period due to the growing number of orthopedic clinics across the world.
Based on region, the market is studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America Viscosupplementation Market Size, 2023 (USD Billion)
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North America held the highest viscosupplementation market share in 2023, generating a revenue of USD 1.25 billion. The regional market will experience significant growth throughout the forecast period due to the presence of a large number of market players providing viscosupplement products. In addition, increasing regulatory approvals for viscosupplements is another factor contributing to market growth in this region.
Europe held the second-largest market share in 2023 and is expected to grow throughout the forecast period. The increasing emphasis by market players on introducing viscosupplement products in the region is one of the factors driving market growth. Moreover, the growing prevalence of osteoarthritis across European countries is an additional factor contributing to regional growth during the forecast period.
Additionally, the viscosupplementation market in the Asia Pacific region is estimated to grow at the highest CAGR during the forecast period. The growing burden of the geriatric population, which is susceptible to osteoarthritis, is one of the major factors driving the growth of the market growth in this region.
Furthermore, the increasing number of osteoarthritis cases across Latin America and the Middle East & Africa are some of the factors expected to drive market growth in these regions.
Growing Focus of Market Players on Conduction of Clinical Trials to Enhance their Product Offerings
Zimmer Biomet and Anika Therapeutics, Inc. holds the top position in the global market, trailed by SEIKAGAKU CORPORATION, Avanos Medical, Inc., Sanofi, and Bioventus. Zimmer Biomet held the dominant share of the market due to its robust global distribution network. Furthermore, major companies started strategic initiatives such as accelerated trial screenings, introduction of new products, mergers & partnerships, and other innovations to expand their position in the global market.
The global viscosupplementation market report provides a detailed analysis of the industry. Additionally, the key sights presented in the report are the prevalence of osteoarthritis in key countries, new product launches, key mergers, acquisitions, partnerships, and company profiles. Moreover, it includes detailed insights into market dynamics and the impact of COVID-19 on the market. Furthermore, this report also provides the competitive landscape of the market.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 5.9% from 2024-2032 |
Segmentation | By Type
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By Source
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By Application
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By End-user
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By Region
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Fortune Business Insights says that the global market stood at USD 2.75 billion in 2023 and is projected to record a valuation of USD 4.60 billion by 2032.
In 2023, the North America market value stood at USD 1.25 billion.
The market will exhibit steady growth at a CAGR of 5.9% during the forecast period.
By type, the single injection segment was leading in the market.
The growing prevalence of osteoarthritis is one of the factors driving market growth.
Zimmer Biomet, Anika Therapeutics, Inc., Sanofi, Bioventus, Biotech, and SEIKAGAKU CORPORATION are the major players in the market.
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