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Viscosupplementation Market Is Expected to Reach USD 10.9 Billion by 2031: Says Allied Market Research

Portland, OR, Sept. 22, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global viscosupplementation market was estimated at $4.4 billion in 2021 and is expected to hit $10.9 billion by 2031, registering a CAGR of 9.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.

Download Free Sample Report- https://www.alliedmarketresearch.com/request-sample/8801

Report coverage & details:

Report Coverage Details
Forecast Period 2022­–2031
Base Year 2021
Market Size in 2021 $4.4 Billion
Market Size in 2031 $10.9 Billion
CAGR 9.5%
No. of Pages in Report 300
Segments Covered Type, Application, Distribution Channel, and Region.
Drivers Rise in the prevalence of osteoarthritis and increase in geriatric population
Restraints High cost of hyaluronic acid and presence of alternative solutions for knee osteoarthritis treatment a
Opportunities Surge in adoption of key strategies such as collaboration, acquisition, agreement, and partnership by the key players in the viscosupplementation industry

Impact of Covid-19 on Viscosupplementation Market-

  • Since viscosupplementation is a non-emergency procedure, the majority of the procedures either got canceled or got postponed during the Covid-19 pandemic especially during the initial period.
  • The market was negatively impacted as most viscosupplementation product consumers are senior citizens, a demographic that was primarily been asked to stay at home to reduce the risk of infection.

The global viscosupplementation market is analyzed across type, application, distribution channel, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on type, the single injection viscosupplementation  segment contributed to nearly half of the global viscosupplementation market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR 9.9% throughout the forecast period.

Based on application, the knee osteoarthritis segment accounted for more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 9.9% throughout the forecast period.

Based on distribution channel, the hospital pharmacies segment garnered more than half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 9.9% throughout the forecast period.

For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/8801

Based on region, the market across North America generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, however, would showcase the fastest CAGR of 10.3% during the forecast period. The other regions studied in the report include LAMEA and Europe.

The key market players analyzed in the global viscosupplementation market report include Anika Therapeutics, Inc., aptissen, Miravo Healthcare,  Avanos Medical, Inc., Bioventus, Chugai Pharmaceutical Corp., Fidia Farmaceutici S.P.A, Seikagaku Corporation, LG Life Sciences Ltd., and Sanofi. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players. 

Official Press Release- https://www.alliedmarketresearch.com/press-release/viscosupplementation-market.html

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AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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