Market players are focusing on technology expansion to attain a competitive edge.
DUBAI, UAE / ACCESSWIRE / February 15, 2021 / FMI states in its recent study on the knee hyaluronic acid injections market that the market will record a noteworthy CAGR of 4.6% through 2030. Demand for knee hyaluronic acid injections is anticipated to continue surging particularly due to the increased global burden of osteoarthritis among people.
"As the prevalence of osteoarthritis grows in direct proportion with the ever-widening base of the geriatric population, the demand for viscosupplementation will prevail high, subsequently driving the demand for knee hyaluronic injections for the years to come.." says the FMI analyst.
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Knee hyaluronic acid injections Market - Important Highlights
- Three injection viscosupplementation is projected to remain most sought after during the projected years.
- By distribution channel, The ambulatory surgical center segment is anticipated to hold its dominance during the forecasted years.
- North America led by the US is estimated to hold the major market share, due to its advancement presence of a wide base of the population suffering from arthritis
Knee hyaluronic acid injections Market - Drivers
- Rising awareness about health benefits and advancements in diagnostic technology and more product availability is likely to drive the market during the forecast period.
- An increase in global osteoarthritis will drive the market, as people are becoming more prone to health complications.
- Favorable government policies and guidelines around the world to invest more in healthcare sectors are encouraging market growth.
Knee hyaluronic acid injections Market - Restraints.
- temporary Injection-site pain, swelling, heat, redness, rash, itching, bruising around the joint, among others have been reported as the most possible side effects, which continues to be the key market restraint.
- absence of sufficient concrete scientific evidence proving their effectiveness is hindering the growth of the market.
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COVID-19 Impact on Knee hyaluronic acid injections Market
The knee hyaluronic acid injections market growth is expected to be hampered owing to the unprecedented COVID-19 pandemic. As several countries went into lockdown, frequent visits to the hospital got reduced by the patients and the main focus of the doctors shifted to bring this pandemic under control. However, the market is expected to experience a swift turnaround with the stabilization of the economy.
Competitive Landscape
The knee hyaluronic acid injections market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. Besides, the securing of permits from the regulatory bodies involved is a crucial consideration that allows wide-scale rollout, which in turn means greater growth opportunities. Moreover, acquiring permits from the regulatory bodies concerned is a key factor that makes for a wide-ranging rollout, which in turn creates greater expansion opportunities.
About the Study
The study offers readers a comprehensive assessment of the knee hyaluronic acid injections market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Single Injection, Three Injection, Five Injection), the end-user(Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Retail Pharmacies), distribution channel, and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Pipeline Assessment and Estimated year of Launch
4.3. Disease Epidemiology
4.4. White Space Analysis
4.5. Reimbursement Outlook
4.6. Promotional Strategies Adopted By Companies
5. COVID19 Crisis Analysis
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Report: https://www.futuremarketinsights.com/reports/knee-hyaluronic-acid-injections-market
Press Release: https://www.futuremarketinsights.com/press-release/knee-hyaluronic-acid-injections-market
SOURCE: Future Market Insights
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https://www.accesswire.com/629680/How-the-Rise-in-Geriatric-Population-is-Driving-Growth-of-Knee-Hyaluronic-Acid-Injections-Market-Future-Market-Insights-Report-Analyzes
