The global viscosupplementation market size is expected to reach USD 12.94 billion by 2032, according to a new study by Polaris Market Research. The report “Viscosupplementation Market Share, Size, Trends, Industry Analysis Report, By Product (Three Injection, Five Injection, Single Injection); By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Viscosupplementation, a safe non-surgical approach for knee arthritis, can also be complemented by a bone growth stimulator based on bone condition. This treatment is particularly effective for individuals in the early stages of arthritis, involving the injection of a gel-like substance, hyaluronic acid. Hyaluronic acid naturally exists in the synovial fluid enveloping joints, serving as a lubricant to enable flexible bone movement and alleviate discomfort.
As per the World Health Organization (WHO), the global population of individuals aged 60 and above is anticipated to rise by 1.4 billion by 2030 worldwide. Advancing age brings about various health issues in the elderly, with one of the most common being bone and joint-related problems such as osteoarthritis, osteoporosis, and others, resulting in challenges like difficulty in movement and walking. Many elderly individuals become reliant on personal mobility devices due to transportation difficulties, thereby increasing the cost of these devices. It is widely acknowledged that joint mobility decreases and stiffness increases with age, accompanied by a reduction in lubricating fluid within the joints over time. Consequently, the increasing prevalence of the geriatric population is driving the demand for viscosupplementation treatment.
The advent of the COVID-19 pandemic significantly influenced the viscosupplementation market as hospital and ambulatory surgical center visits declined due to lockdown measures imposed globally. These restrictions led to the suspension of non-emergency procedures in hospitals, affecting patients' lives. Consequently, the market under consideration is anticipated to be impacted during the pandemic era. However, as procedures resume, hospital visits increase and COVID-19 restrictions ease, the market is expected to regain its potential over time.
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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Viscosupplementation devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Viscosupplementations throughout the forecast period.
Viscosupplementation Market Report Highlights
Polaris Market Research has segmented the Viscosupplementation market report based on product, end-use, and region:
Viscosupplementation, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Viscosupplementation, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Viscosupplementation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 5.27 billion |
Revenue forecast in 2032 |
USD 12.94 billion |
CAGR |
10.6% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2021 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
By Product, By End-Use, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |