img

Global Joint Pain Injections Market Size By Type (Steroid Joint Injections, Hyaluronic Acid Injections), By Application (Shoulder & Elbow, Knee & Ankle), By Distribution Channel (Hospital Pharmacies, Online Pharmacies), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Joint Pain Injections Market Size By Type (Steroid Joint Injections, Hyaluronic Acid Injections), By Application (Shoulder & Elbow, Knee & Ankle), By Distribution Channel (Hospital Pharmacies, Online Pharmacies), By Geographic Scope And Forecast

Joint Pain Injections Market Size And Forecast

Joint Pain Injections Market size was valued at USD 5.46 Billion in 2024 and is projected to reach USD 9.96 Billion by 2031, growing at a CAGR of 7.80% from 2024 to 2031.

The Joint Pain Injections Market encompasses the global trade in pharmaceutical products designed to alleviate pain and inflammation associated with various joint disorders. These injections typically include corticosteroids, hyaluronic acid, platelet-rich plasma (PRP), and other biologic agents. Joint pain injections offer a non-invasive or minimally invasive alternative to surgical interventions for conditions such as osteoarthritis, rheumatoid arthritis, tendinitis, bursitis, and other orthopedic ailments. This market segment caters to a wide range of demographics, including the elderly population experiencing age-related joint degeneration and athletes suffering from sports-related injuries.

Global Joint Pain Injections Market Drivers

The market drivers for the Joint Pain Injections Market can be influenced by various factors. These may include

  • Ageing Population As the world’s population ages, joint-related conditions including rheumatoid arthritis and osteoarthritis are becoming more common. It is anticipated that this demographic trend would fuel demand for joint pain management therapies, such as injections.
  • Growing Incidence of Joint illnesses Obesity, sedentary lifestyles, sports injuries, and lifestyle modifications all contribute to the rising prevalence of joint illnesses, which calls for efficient pain relief techniques like injections.
  • Preference for Minimally Invasive Treatments Because minimally invasive treatments have shorter recovery times, fewer problems, and shorter hospital stays, patients frequently favour them over surgical methods. An alternative to surgery for treating pain and enhancing joint function is joint pain injections.
  • Technological Developments As a result of ongoing improvements in medical technology, novel injection therapies with better safety and efficacy profiles than conventional treatments have been developed. Examples of these therapies include viscosupplementation and platelet-rich plasma (PRP) injections.
  • Growing Awareness and Acceptance Patients and medical professionals alike are becoming more receptive to joint pain injections as a result of growing knowledge about the advantages of early intervention and efficient pain management techniques.
  • Development of Healthcare Infrastructure Access to specialised therapies, such as joint pain injections, has increased due to improvements in healthcare infrastructure, particularly in emerging nations. This has expanded the market potential.
  • Strategic Partnerships and Collaborations The development, dissemination, and uptake of novel joint pain injection products and technologies are facilitated by partnerships and collaborations among pharmaceutical companies, makers of medical devices, and healthcare providers.
  • Regulatory Support Research and development expenditures in the joint pain injections market are stimulated by favourable regulatory policies and initiatives that support the adoption of innovative medical treatments and by accelerated approval processes for novel therapies.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Global Joint Pain Injections Market Restraints

Several factors can act as restraints or challenges for the Joint Pain Injections Market. These may include

  • Limited Effectiveness and Long-Term Results Although joint pain injections relieve symptoms, it’s possible that they won’t be as effective in stopping the progression of the condition over the long run. Patients’ and healthcare professionals’ unhappiness may result from this, which could hinder market expansion.
  • Expensive Treatment Several joint pain injections, particularly the more recent and sophisticated ones, can be costly. Patients may be discouraged from pursuing these treatments due to financial concerns, especially in areas with little access to healthcare or high out-of-pocket costs.
  • Adverse Effects and Safety Concerns Although joint pain injections are considered minimally invasive procedures, there are still potential hazards linked with them, such as tissue damage, allergic reactions, and infection. Concerns about safety could sway the opinions of doctors and patients, which would hinder market acceptance.
  • Regulatory Obstacles Tight regulations and lengthy approval procedures may cause a lag in the release of novel joint pain injection solutions. Manufacturers may also have difficulties in adhering to differing regulatory norms in various geographical areas.
  • Competition from Alternative Therapies Oral drugs, physical therapy, and surgical procedures are some of the alternative treatments that joint pain injections must contend with. The market share of injections may be restricted by the availability of alternative treatment options, particularly if these choices are thought to be equally or more effective.
  • Limited payment rules Patients’ access to joint pain injections may be hampered by inadequate payment rules, especially for expensive or novel medicines. Issues with reimbursement may affect treatment affordability and physicians’ willingness to give injections, which may have an effect on market expansion.
  • Market Fragmentation and Consolidation There are many manufacturers and products in the joint pain injections market, which causes market fragmentation. Price pressure and narrowed profit margins may be the outcome of fierce rivalry and major firms’ attempts to consolidate.
  • Patient Preference and Compliance Issues The use of joint pain injections may be influenced by a patient’s preferences, treatment expectations, and beliefs. Patient compliance and adherence to treatment regimens may be impacted by variables such needle phobia, the perception of being intrusive, and reluctance to get repeated injections.

Global Joint Pain Injections Market Segmentation Analysis

The Global Joint Pain Injections Market is segmented on the basis of Type, Application, Distribution Channel, And Geography.

Joint Pain Injections Market, By Type

  • Steroid Joint Injections
  • Hyaluronic Acid Injections
  • Platelet-Rich Plasma (PRP) Injections
  • Others

Based on Type, The market is bifurcated into Steroid Joint Injections, Hyaluronic Acid Injections, Platelet-Rich Plasma (PRP) Injections, and Others.

Joint Pain Injections Market, By Application

  • Shoulder & Elbow
  • Knee & Ankle
  • Spinal Joints
  • Others

Based on Application, The market is bifurcated into Shoulder & Elbow, Knee & Ankle, Spinal Joints, and Others.

Joint Pain Injections Market, By Distribution Channel

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies
  • Others

Based on Distribution Channel, The market is bifurcated into Hospital Pharmacies, Online Pharmacies, Retail Pharmacies, and Others.

Joint Pain Injections Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Geography, The Global Joint Pain Injections Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America may dominate the market due to the high prevalence of musculoskeletal disorders that causes joint pains. Increasing awareness of Non-invasive orthopedic treatments, continuous innovation in implant technologies, and advanced healthcare facilities.

Key Players

The “Global Joint Pain Injections Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Anika Therapeutics, Inc, Pfizer Inc, Zimmer Biomet Holdings Inc., Flexion Therapeutics Inc, SEIKAGAKU CORPORATION, Allergan Plc, Chugai Pharmaceutical Co., Ltd, Bioventus LLC, Ferring B.V, and Sanofi S.A.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • December 2019Flexion Therapeutics Inc, announced the U.S. FDA approval of the Supplemental New Drug Application to update the product label of ZILRETTA and give more clear information about the product.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Anika Therapeutics, Inc, Pfizer Inc, Zimmer Biomet Holdings Inc, Flexion Therapeutics, Inc, SEIKAGAKU CORPORATION, Allergan Plc, Chugai Pharmaceutical Co.

SEGMENTS COVERED

By Type, By Application, By Distribution Channel, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )