Malaysia osteoarthritis drugs market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Increased prevalence of osteoarthritis, improvements in drug development R&D, increased funding from private and public organisations for the development of the healthcare sector and research centres, and increased demand for cell-based research activities are the main factors driving the growth of the osteoarthritis drugs market. Some of the major key players in this market are Pfizer Inc., Abbvie Inc., Novartis AG, Amgen Inc., Boehringer Ingelheim International GmbH, etc.
Malaysia Osteoarthritis Drugs Market is valued at around $14.7 Mn in 2022 and is projected to reach $27.2 Mn by 2030, exhibiting a CAGR of 7.98% during the forecast period 2023-2030.
Osteoarthritis is a chronic bone disorder associated with the inflammation of the joint cartilage breakdown of the surrounding bone. It is the most common joint disease primarily affecting the joints of the hands, knees, hips, and spine. The signs and symptoms are stiffness, pain, tenderness, and swelling of the joints. This condition generally leads to swelling, tenderness, persistent pain, stiffness, loss of flexibility, grating sensation, bone spurs, and sleep disturbances. It can be diagnosed using X-ray, arthroscopy, physical examination, joint fluid analysis, blood tests, and magnetic resonance imaging (MRI) scans. Although no drug may delay or stop the progression of osteoarthritis, some can lessen or relieve pain, allowing you to be more comfortable and active. Additionally, additional activity can further lessen pain and improve fitness. The majority of drugs used to treat osteoarthritis pain are taken orally. A few of them include anti-inflammatory and analgesics, duloxetine, acetaminophen, and many more. Increased prevalence of osteoarthritis, improvements in drug development R&D, increased funding from private and public organizations for the development of the healthcare sector and research centers, and increased demand for cell-based research activities are the main factors driving the growth of the osteoarthritis drugs market. The major key players in this market are Pfizer Inc., Abbvie Inc., Novartis AG, Amgen Inc., Boehringer Ingelheim International GmbH, Samsungbioepis Co. Ltd, Merck & Co Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceuticals Industries Ltd., AstraZeneca, Zimmer Biomet, Stryker Corporation.
Market Growth Drivers
The rise in the prevalence of osteoarthritis, improvements in drug development R&D, increased funding from private & public organizations for the development of the healthcare sector and research centers, and the rise in demand for cell-based research activities are the main factors driving the growth of the osteoarthritis therapeutics market. Due to the increased susceptibility of the elderly to osteoarthritis, the growing geriatric population also contributes to the growth of the osteoarthritis treatment market. In 2020, the Journal of eClinical Medicine revealed that roughly 22% of people over the age of 40 had been diagnosed with knee osteoarthritis worldwide.
Market Restraints
The high cost of hyaluronic acid products and other treatment techniques for osteoarthritis therapy as well as the adverse effects associated with the existing therapies, however, may restrain the expansion of the osteoarthritis treatment market over the anticipated period.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Anatomy
By Drug Type
By Distribution Channel
Methodology for Database Creation
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1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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