VISCOSUPPLEMENTATION MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 

Viscosupplementation Market Analysis:

The viscosupplementation market is anticipated to experience a compound annual growth rate (CAGR) of 5.8% during the forecast period spanning from 2022 to 2027. The advent of the COVID-19 pandemic has had a significant impact on the viscosupplementation market, as hospital and ambulatory surgical center visits have declined due to lockdown restrictions imposed by various governments worldwide. As a result of these restrictions, non-emergency procedures have been halted in hospitals, which has adversely affected patients’ lives. For example, a study published in the Clinical Pharmacology and Therapeutics Journal in May 2020 by Enrico Ragni et al. revealed that the presence of osteoarthritis-related concomitant disorders is expected to initiate life-threatening risks for osteoarthritis patients in the event of SARS-CoV2 viral infection. This has prompted clinicians and orthopedists to carefully evaluate osteoarthritis patients, not only for symptom management but also for comorbidities that may arise as a result of osteoarthritis treatment during the COVID-19 pandemic. Consequently, the market under investigation is projected to be impacted during the pandemic era. However, with the resumption of procedures, increased hospital visits, and the easing of COVID-19 restrictions, the market is expected to regain its potential over the period.

Several factors are driving market growth, including the rising patient pool suffering from osteoarthritis and the increasing introduction of advanced and combination products. For instance, according to an article published by the Centers for Disease Control and Prevention in April 2020, titled “Osteoarthritis,” approximately 32.5 million people in the United States are suffering from osteoarthritis. Additionally, 62% of women suffer from osteoarthritis. Similarly, according to an article published by the National Center for Biotechnology Information in January 2021, titled “Prevalence of knee osteoarthritis, its determinants, and impact on the quality of life in elderly persons in rural Ballabgarh, Haryana,” it has been observed that 64.3% of the elderly population is suffering from knee osteoarthritis, and elderly patients with knee osteoarthritis have considerably poorer quality-of-life. Furthermore, obesity is another risk factor contributing to orthopedic conditions. For example, according to an article published by the National Center for Biotechnology Information in 2021, titled “Prevalence of Obesity in India and its Neurological Implications: A Multifactor Analysis of a Nationwide Cross-Sectional Study,” the prevalence rate of obesity in India is found to be 40.3%. Additionally, the highest rate of prevalence is found in South India with 46.51%, and the lowest in East India with 32.96%. Thus, the increasing burden of osteoarthritis in patients is likely to increase the demand for viscosupplementation procedures, which reduce joint pain by increasing the lubrication between them, thereby increasing market growth over the forecast period.

However, regulatory issues and a lack of awareness regarding viscosupplementation are likely to restrain market expansion.

Get the free sample report of the Viscosupplementation Market

Comments

Post a Comment

Popular Posts

Aviation Industry Set to Soar: Market to Hit USD 395.76 Billion by 2030 Amid Stable Growth

The aviation industry is projected to grow from USD 343.54 billion in 2025 to USD 395.76 billion by 2030, registering a compound annual growth rate (CAGR) of 2.87% during the forecast period of 2025 to 2030. Market Overview The global aviation industry is a vital part of the transportation sector, playing a critical role in global trade, tourism, and connectivity. As consumer demand for air travel rebounds post-pandemic and commercial fleets undergo modernization, the aviation market is undergoing transformative shifts. Emerging markets, technological innovation, and sustainability efforts are reshaping the aviation industry outlook, contributing to measurable aviation industry growth worldwide. Key Trends in the Aviation Industry Rise of Sustainable Aviation Fuel (SAF) One of the leading aviation industry trends is the growing emphasis on sustainability. Major aviation industry companies are investing in SAF to reduce carbon emissions, in line with international environmental goals. D...
Read more

Recreational Boating Market Set to Reach USD 36.82 Billion by 2030: Key Growth Drivers and Trends

  Market Overview The global recreational boating market is projected to expand from USD 28.71 billion in 2025 to USD 36.82 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.1% during the forecast period. This growth is primarily driven by increasing participation in water-based leisure activities, technological advancements in boat manufacturing, and a rising preference for sustainable boating options. Key Trends Technological Advancements in Boat Design and Functionality Innovations such as smart navigation systems, integrated IoT devices, and electric propulsion are enhancing the boating experience, making it more convenient and eco-friendly. Surge in Watersports and Fishing Activities An increasing number of individuals are engaging in watersports and fishing, driving demand for specialized recreational boats tailored to these activities. Shift Towards Sustainable Boating Solutions The adoption of electric and hybrid-powered boats is on the rise, aligning wi...
Read more

Kuwait Dairy Products Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Kuwait Dairy Products Market Analysis: The Kuwait Dairy Products Market is projected to experience significant growth in the coming years. According to estimates, the market size is expected to increase from USD 1.06 billion in 2024 to USD 1.42 billion by 2029, with a compound annual growth rate (CAGR) of 5.91% during the forecast period of 2024–2029. During the initial phase of business and community shutdowns, there was a surge in demand for dairy products in Kuwait. However, the disrupted supply chains, including dairy snacks, posed a major challenge. As a result of the lockdown, Kuwait and other Middle Eastern countries closed their borders or implemented trade barriers, affecting the availability of dairy products. The Kuwaiti dairy industry is closely regulated by the government, which ensures compliance with health and hygiene regulations that align with both GCC and international standards. Additionally, the industry is characterized by active foreign trade, involving both expo...
Read more

Coffee Machine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Coffee Machine Market Analysis: 1. In 2020, the coffee machine market was valued at approximately USD 5.11 billion, and experts predict that it will experience a compound annual growth rate (CAGR) of over 4.5% from 2022 to 2027. However, the market faced challenges due to the COVID-19 pandemic, which led to restrictions on manufacturing activities and disrupted supply chains. As a result, coffee machine manufacturers in the United States and Europe had to temporarily halt production due to the lockdown in China, where they sourced various input supplies. Despite this setback, the market’s growth was sustained by the expansion of commercial infrastructure and the increasing number of offices. 2. The coffee industry has been undergoing significant transformations, driven by innovations, new product launches, and the surging demand from consumers. The rising popularity of instant non-alcoholic beverages, particularly coffee, in restaurants and office cafeterias has been a key factor drivi...
Read more