OSTEOARTHRITIS TREATMENT MARKET ANALYSIS

Regional Analysis

Asian countries involved in innovation of novel therapies and drugs for treatment of osteoarthritis

Based on the regional segmentation, the global osteoarthritis treatment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the largest share of the global osteoarthritis treatment market, owing to the high prevalence rate of arthritis in the region. The growing obese population in this region is also responsible for accelerating demand for the osteoarthritis treatment, in turn boosting the market growth. Europe holds the second largest share of market after North America, owing to expansion of healthcare budget to many folds and significant outcomes of the R&D sector. For example, a European study conducted in May, 2017, developed an application of Chondroitin sulfate as an anti- inflammatory drug to help treat osteoarthritis of the knee. Asia Pacific is expected to be the fastest growing market attributed to developments in the healthcare facilities and establishment of new health care centers for orthopedic treatment and care in countries such as China, Japan, and India.. For instance, the make-in-India project launched its first bone treatment cell therapy products, Ossron and Chondron in June 2017. Moreover, the synvisc fluid filling procedure offering innovative regenerative cell treatment, was developed by the make-in-India initiative is expected to help combat knee and hip pain to over 60 million people suffering from osteoarthritis, in India.