Hyaluronic Acid Viscosupplementation Market: By Course of Treatment, By Anatomy, By End User, and By Geography Analysis - Forecast (2018 - 2023)

Report Code : HCR 0040 Format Type: PDF+ Excel Database

Hyaluronic Acid Viscosupplementation Market Overview

Viscosupplementation is one of the treatment procedures to relieve Osteoarthritis. Hyaluronic acid is found in synovial fluids surrounding the joints. It acts as a lubricating agent, enabling smooth movement of the bones. The Hyaluronic Acid Viscosupplementation market is segmented based on the course of treatment, which is again sub-segmented based on the different doses of injections. The market is also categorized based on anatomy and end user. The Hyaluronic Acid Viscosupplementation market is estimated to grow at a CAGR of 6.36% through 2023.  

Hyaluronic Acid Viscosupplementation Market Outlook

Hyaluronic Acid Viscosupplementation helps in improving the mobility of the joints and improves the comfort level during any activity. On the basis of course of treatment, the single injection segment dominates the market and is estimated to grow at a CAGR of 7.71% through 2023. Based on anatomy, the Knee segment is projected to grow at the highest CAGR during the forecast period.  The North America Hyaluronic Acid Viscosupplementation market is forecast to grow at a CAGR of 6.56% through 2023. However, Asia-Pacific is estimated to dominate the market during the forecast period due to the rising elderly population.   

Hyaluronic Acid Viscosupplementation Market Growth Drivers 

The Hyaluronic Acid Viscosupplementation Market is largely driven by the growing awareness among patients about the new treatments of osteoarthritis. Rising prevalence and incidence of osteoarthritis is accelerating the growth of the market. Rising obese population globally and increasing geriatric population are also major factors for the growth of the market. Growing awareness about the benefits of minimally invasive surgical procedures for osteoarthritis is one of the key factors that drive the hyaluronic acid viscosupplement market’s growth.

Hyaluronic Acid Viscosupplementation Market Challenges 

Lack of safety and efficacy associated with viscosupplementation products pose major challenges for the market. Complex Regulatory processes regarding the products of Viscosupplementation may slow down the market because it takes a long time to get approval for any product from the regulatory bodies. The reimbursement policies associated with the treatment varies from one country to another, and thus, this can also pose challenges for the market.   


Hyaluronic Acid Viscosupplementation Market

Hyaluronic Acid Viscosupplementation Market Research Scope:-
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on volume shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Hyaluronic Acid Viscosupplementation market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of treatment, by anatomy and vaccines by disease indication.

Hyaluronic Acid Viscosupplementation Market Report: Industry Coverage 

By Course of Treatment: Single Injections, Multiple Injections

By Anatomy: Knee Osteoarthritis, Hip Osteoarthritis, Ankle Osteoarthritis, and Shoulder Osteoarthritis.

By End User: Hospitals, Clinics and Ambulatory Surgical Centers.  

The Hyaluronic Acid Viscosupplementation Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S, Canada, Mexico
  • Europe: The U.K, Germany, France, Italy, Spain, Rest of Europe.
  • APAC: China, Japan, South Korea, India, Rest of APAC.
  • Rest of World (RoW): South America, the Middle East and Africa.

Hyaluronic Acid Viscosupplementation Market Key Players Perspective:

Labrha International launched HAPPYMINI for the treatment of Temporo-Mandibular Osteoarthritis. Labrha provides a complete range of new and innovative viscosupplement.

Some of the other key players in this market are LG Chem Ltd, Bioventus Inc., Sanofi Genzyme, Anika Therapeutics, Seikagaku Corporation and many others.

Hyaluronic Acid Viscosupplementation Market Trends

  • Product Launch was the dominant strategy adopted by the prominent players of Hyaluronic Acid Viscosupplementation Market, crediting up to 50% of the share of the total market, followed by acquisition.
  • Bioventus Inc launched OSTEOAMP SELECT Fibers, which is an innovative addition to its allograft line of OSTEOAMP bone graft substitutes. 

Key Questions Addressed in the Hyaluronic Acid Viscosupplementation Market Report-

1. Is the market for Hyaluronic Acid Viscosupplementation Market growing? How long will it continue to grow and at    what rate? 
2. Which type of Hyaluronic Acid Viscosupplementation presents the major growth opportunities? 
3. Is there a possibility for change in the market structure over time? 
4. Are additional developments needed for the existing product offerings or do the existing    products meet the customer demands? 
5. What is the current status of the Hyaluronic Acid Viscosupplementation Market? 
6. Which are the major relevant product segments within Hyaluronic Acid Viscosupplementation Market?
7. Which type of injection will witness heavy growth in the Hyaluronic Acid Viscosupplementation Market? 
8. What are the short-term, long-term, and medium-term growth drivers for the market? 
9. What are the short-term, medium-term, and long-term challenges for the market? 
10. What are the short-term, medium-term, and long-term opportunities for the market 
11. Who are the top players/companies of the market? 
12. What are the recent innovations in the market? 
13. How many patents have been filed by the leading players? 
14. What are the types of patents filed by the leading players? 
15. What is the futuristic scenario for the adoption of Hyaluronic Acid Viscosupplementation? 
16. What is our Vision 2030 for Hyaluronic Acid Viscosupplementation Market?

A few focus points of this Research are given below:

  • Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
  • Provide an overview of the product portfolio, including product planning, development, and positioning
  • Discuss the role of technology companies in partnerships
  • Explore the regional sales activities
  • Analyze the market size and giving the forecast for current and future Hyaluronic Acid Viscosupplementation Market during the forecast 2018–2023
  • Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures

IndustryARC Research Best Practices

The Hyaluronic Acid Viscosupplementation Market size is evaluated based on the number of products per organization type along with the varying price points pertaining to specific applications. These were identified as key informational conjectures for market estimation in 2017/2018.

The Hyaluronic Acid Viscosupplementation Market share is thoroughly checked against all data points that have been incorporated and rechecked against various data sources. Various C-level executives and key opinion leaders are contacted for verification of the data.

The Hyaluronic Acid Viscosupplementation Market forecast and growth rate are achieved by applying the time series forecasting methodology on the various factors. The market forecast and growth rate are further backed with historical trends of the market along with a regressive mathematical model that assesses the value based on factors such as capital expenditure, equipment lifespan, R&D investments, and so on.

The Hyaluronic Acid Viscosupplementation Market demand has been researched taking into account the prominent economies across the different cities to understand their corresponding impact on the market.

The Hyaluronic Acid Viscosupplementation Market drivers are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Hyaluronic Acid Viscosupplementation Market challenges are evaluated for short-term, medium-term, and long-term based on the different market dynamics impacting the market.

The Hyaluronic Acid Viscosupplementation Market outlook provides a brief overview of the market performance and anticipated change in market dynamics. 

The Hyaluronic Acid Viscosupplementation Market analysis also involves the identification of new companies that have entered the market scenario and their impact on the market dynamics in the future.

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