EU Osteoarthritis Therapeutic Market

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  • Type: Common Disease Area
  • Published : March 2021
  • Region: Europe
  • Country: Other
  • Report ID : 568

  • Format: PPT, PDF

EU Osteoarthritis Therapeutics Market – Size, Growth, Trends, Segmentation by Anatomy (Knee, Hip, Hand, Small-joint), by Drug Type (Viscosupplementation Agents, NSAIDs, Analgesics, Corticosteroids), by Route of Administration (Oral, Topical, Parenteral) And Forecast Till 2028

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Report Overview

The EU Osteoarthritis Therapeutics Market is estimated at $6.8 billion in 2019 and projected to reach XX billion by 2024 at a CAGR of XX% during the forecast period

The EU osteoarthritis therapeutics market has seen consistent growth in recent years, driven by the high cost of biologics, unmet needs in the RA space, and the efficacy of ant-TNF biologics. Drug manufacturers are expected to experience significant losses of market share due to the entry of lower-priced biosimilars that will experience rapid growth due to their affordability. Osteoarthritis is the most common form of arthritis that causes pain, swelling, and reduced motion in the joints. Usually, osteoarthritis affected joints are inclusive of hands, knees, hips, and spine. Osteoarthritis breaks the cartilage of the joints which is a slippery tissue covering the ends of bones in a joint

Market Growth Drivers

EU accounted for the largest market share in 2019. The rising cases of osteoarthritis, increasing geriatric, and obese populations in the region are the major factors driving the growth of this market in the EU. The adoption of pain medications for the management of pain associated with osteoarthritis is expected to remain high over the coming decade, which is anticipated to propel the growth of the market during the study period

1. EU Osteoarthritis Therapeutics Market Overview………….……….…………………..
A. Market Size
2. Market Growth Drivers………………………….………………………………………………………….
A. Rising cases of osteoarthritis, increasing geriatric and obese population
B. Adoption of pain medications for the management of osteoarthritis
C. Growing R&D Investments and Reimbursement Policies
3. EU Osteoarthritis Therapeutics Market Segmentation……………….………………
A. By Anatomy
I. Knee
II. Hip
III. Hand
IV. Small-joint
B. By Drug Type
I. Viscosupplementation Agents
II. NSAIDs
III. Analgesics
IV. Corticosteroids
C. Route of Administration
I. Oral
II. Topical
III. Parenteral
4. EU Osteoarthritis Therapeutics Market Share…………………..………………………
A. Market Analysis, Insights and Forecast – by Revenue
5. Competitive Landscape…………………………….…………………………………………………….
A. Major Players
B. Products in Pipeline
6. Key Company Profiles…………….………………………………………..……………….
A. Sanofi Pharmaceutical company overview, Product & Services, Strategies & Financials
B. Johnson & Johnson overview, Product & Services, Strategies & Financials
C. Novartis AG company, Product & Services, Strategies & Financials
7. Healthcare Policies and Regulatory Landscape……………………..……..……….…
A. Policy changes and Reimbursement scenario
8. Potential Growth Opportunities
A. Advancements in drug development
9. Factors Driving Future Growth……………………………..……………………………………
A. New Trends and Development of EU Osteoarthritis Therapeutics Market
B. Future Opportunities
10. Conclusion

 

Market Segmentation

By Anatomy:

The market is segmented into knee, hip, hand, and small-joint osteoarthritis therapeutics on the basis of anatomy segment. Knee osteoarthritis therapeutics is the largest and the fastest-growing segment in this market. This can primarily be attributed to the high incidence of knee osteoarthritis

By Drug Type:

On the basis of drug type, the market is classified as, viscosupplementation agents, nonsteroidal anti-inflammatory drugs (NSAIDs), analgesics, and corticosteroids. The analgesics segment is sub-segmented into duloxetine and acetaminophen, while the NSAIDs segment is sub-segmented into naproxen, aspirin, diclofenac, ibuprofen, and other NSAIDs. The viscosupplementation agents segment accounted for the largest share of the osteoarthritis therapeutics market in 2019. The rising incidence of knee osteoarthritis is the major factor driving the growth of this segment. Viscosupplementation effectively eases the pain of osteoarthritis through injections that fill up the joint’s synovial fluid, thus offering better lubrication of the joints

By Route of Administration:

On the basis of route of administration, the osteoarthritis therapeutics market has been segmented into oral, topical, and parenteral routes. The parenteral route accounted for the largest share of this market in 2019 and is estimated to grow at the highest CAGR during the forecast period

Top Players

The major players operating in the EU market are Sanofi, Horizon Therapeutics PLC, Johnson & Johnson, GlaxoSmithKline PLC, Bayer AG, Abbott, Pfizer, Inc., Anika Therapeutics, Inc., Novartis AG, Ferring Pharmaceuticals, Bioventus, Fidia Farmaceutici s.p.a., and Laboratorio Reig Jofre

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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  • Market Segment based analysis to obtain revenue / volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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