U.S. Viscosupplementation Market – By Product (Single Injection, 3 Injections, 5 Injections), Source of Origin (Avian, Non-avian), End-use (Hospitals, Ambulatory Surgical Centers) – Forecast (2024 – 2032)
Report ID: GMI10692
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Published Date: August 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 37
Countries covered: 1
Pages: 77
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U.S. Viscosupplementation Market
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U.S. Viscosupplementation Market Size
U.S. Viscosupplementation Market size in 2023 was valued at USD 1.1 billion and is set to register growth at 7.6% CAGR from 2024 and 2032. Viscosupplementation offers a minimally invasive treatment option for managing the symptoms of osteoarthritis, such as pain and stiffness, thereby driving its adoption. One of the primary drivers is the rising prevalence of osteoarthritis, particularly in the aging population. As people age, the wear and tear on their joints increase, leading to a higher incidence of osteoarthritis.
Additionally, the growing preference for non-surgical treatments and the increasing demand for pain management solutions contribute to the market's growth. Viscosupplements are seen as a viable alternative to surgery, providing relief to patients without the risks associated with invasive procedures. Moreover, the advancements in viscosupplementation technology, such as the development of more effective formulations and delivery methods, have further expanded the market's potential.
Viscosupplementation is widely used for the treatment of osteoarthritis, especially in the knee joint. It involves injecting a gel-like substance called hyaluronic acid into the joint to provide lubrication and cushioning. Hyaluronic acid is a naturally occurring substance found in the synovial fluid that surrounds joints, acting as a lubricant and shock absorber. In osteoarthritis, the synovial fluid becomes thinner and less effective, leading to increased friction and pain in the joint. By injecting hyaluronic acid directly into the joint, viscosupplementation aims to restore the viscosity and elasticity of the synovial fluid, reducing pain and improving joint function.
U.S. Viscosupplementation Market Trends
U.S. Viscosupplementation Market Analysis
Based on product, the market is segmented into single injection, 3 injections, and 5 injections. The 3 injections segment dominated the market with 45.6% of market share in 2023 and is anticipated to experience substantial growth at 7.7% during the analysis time.
Based on source of origin, the U.S. viscosupplementation market is segmented into avian origin and non-avian origin. The non-avian segment is accounted for significant market share in 2023 and poised to capture the market size of USD 1.6 billion by 2032.
Based on end-use, the U.S. viscosupplementation market is segmented into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment held majority of market share in 2023 and is predicted to grow at CAGR of 7.5% from 2024 - 2032.
U.S. Viscosupplementation Market Share
The competitive landscape of the market is characterized by a mix of established pharmaceutical companies and emerging players, each striving to capitalize on the growing demand for osteoarthritis treatments. Leading companies such as Anika Therapeutics, Inc., Sanofi SA, Ferring B.V., Bioventus, and Pacira BioSciences, Inc. hold significant market shares due to their extensive product portfolios and strong distribution networks. These companies leverage their research and development capabilities to innovate and introduce advanced formulations and delivery methods, aiming to enhance the efficacy and patient compliance of viscosupplementation therapies.
The market is also witnessing increased competition from smaller biotech firms and startups, which are focusing on niche segments and personalized treatment options. Strategic partnerships, mergers and acquisitions, and geographic expansion are common strategies adopted by these players to strengthen their market position and expand their customer base. The intense competition drives continuous improvements in product quality and cost-effectiveness, benefiting healthcare providers and patients alike.
U.S. Viscosupplementation Market Companies
Prominent players operating in the U.S. viscosupplementation industry include:
U.S. Viscosupplementation Industry News:
The U.S. viscosupplementation market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:
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Market, By Product
Market, By Source of Origin
Market, By End-use