Osteoarthritis Drugs Market Trends

  • Report ID: 6703
  • Published Date: Nov 18, 2024
  • Report Format: PDF, PPT

Osteoarthritis Drugs Market Trends

Growth Drivers

  • Personalized medication trends: Personalized medicines are gaining traction among osteoarthritis patients majorly due to their effective results in pain relief and bone care. The ongoing advancements in genomics and biomarker discovery are contributing to the efficiencies of personalized medicines. Also, precision medication tactics help to offer individuals with specific therapies, which are formulated based on their genetic makeup, disease severity, and response to treatment. For instance, in 2022, the University of Alabama at Birmingham revealed that a large multi-ancestry genetics study of osteoarthritis was conducted by their researchers in which they found that 10 new  cases linked with genetic loci and Fibulin -3 levels in serum and urine and can be used as biomarkers for predictive analysis and progression. Such studies are aiding in the formulation of personalized medications for osteoarthritis treatment.
  • Combination of osteoarthritis drugs an effective approach: The innovations in combination therapies are expected to offer a pain-relieving approach to osteoarthritis patients. Combination therapies offer comprehensive care that analyzes symptoms and disease progression. Osteoarthritis is a complex condition that involves tremendous pain and progressive joint degeneration. Patients consuming conventional drugs don’t find much relief, on the other hand, combination of different classes of drugs such as pain relievers, anti-inflammatory, and disease-modifying osteoarthritis drugs (DMOADs) offers multi-pronged pain relief and mitigates disease progression. According to the analysis by the New England Journal of Medicine, glucosamine and chondroitin sulfate in combination offer effective results in patients with moderate-to-severe osteoarthritis knee pain.

Challenges

  • Side effects associated with excess intake: Side effects such as cardiovascular risks, gastrointestinal problems, and kidney issues associated with osteoarthritis drugs including non-steroidal anti-inflammatory drugs (NSAIDs) and corticosteroids can hamper their sales. The consumption of these drugs in the long term can lead to several health issues, creating challenges for both consumers and manufacturers.
  • Lack of awareness: Many patients across the world, particularly in underdeveloped and developing countries are unaware of advanced medications and treatment approaches for osteoarthritis. Lack of knowledge often keeps these patients inaccessible from innovative drugs and therapeutic approaches, hindering the osteoarthritis drugs market growth to some extent.

Osteoarthritis Drugs Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.2%

Base Year Market Size (2024)

USD 9.5 billion

Forecast Year Market Size (2037)

USD 23.2 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6703
  • Published Date: Nov 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global osteoarthritis drugs market will be valued at USD 10.1 billion in 2025.

Expanding at a CAGR of 7.2%, the global market is expected to increase from USD 9.5 billion in 2024 to USD 23.2 billion by 2037.

Some leading companies are LG Chem Ltd, Anika Therapeutics, Assertio Holdings, Inc., Novartis AG, Pacira Pharmaceuticals, Inc., Pfizer Inc., Bayer AG, and GlaxoSmithKline Plc.

The viscosupplementation agents are estimated to capture a high 34.0% of the market share through 2037.

North America is expected to hold 40.5% of the global market share through 2037.
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