Scope of the Study
Bursitis is an inflammation that affects the joints. Bursae are fluid-filled bags that serve as a barrier between bones, tendons, joints, and muscles. Bursitis most occurs in various parts of the body such as shoulders, elbows, ankles, knees, buttocks, hips and thighs. Some of the self-treatment regarding bursitis disease are ice packs, painkillers, raising the affected area and others. Major symptoms of bursitis are pain that increases with movement or pressure, swelling, loss of movement, redness in the affected area, affected area feels hot when touched and others. The demand for Bursitis treatment has increased, due to the rising number of geriatric population. For instance, according to the government of the United States, in 2015, more than 47.8 million people have age 65 and older in the United States. Therefore, increasing the old age population and rising disposable income in developing countries may drive the market in the future.
The market study is being classified by Type (Corticosteroids {Dexamethasone, Prednisolone}, Antibiotic {Flucloxacillin, Erythromycin, Clarithromycin}, Analgesics and Others) and major geographies with country level break-up.
Novartis AG (Switzerland), Pfizer Inc. (United States), Amgen Inc. (United States), AVEO Pharmaceuticals, Inc. (United States), Bayer AG (Germany), Bellicum Pharmaceuticals Inc. (United States), MediaPharma s.r.l. (Italy), Teva Pharmaceutical Industries Ltd. (Israel), Crecent Therapeutics (India) and Arinna Lifesciences Private (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sun Pharmaceutical Industries (India), Bioanalytical Systems, Inc. (United States), Perrigo Company (Ireland) and Arbor Pharmaceuticals (United States).
The global bursitis treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bursitis Treatment market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Bursitis Treatment market by Type, Application and Region.
On the basis of geography, the market of Bursitis Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing geriatric population across the world
- Increasing Number of Sport-Related Injuries
Market Trend
- Technology Advancement regarding Bursitis Treatment
Restraints
- Stringent Government Regulation and issue related to Side Effect of Drugs
Opportunities
- Increasing Demand from Emerging Market such a China, India and Others
Challenges
- Lack of Awareness Regarding Treatment and the High Cost of the Treatment Methods
Key Target Audience
Bursitis Treatment Companies, Medical Research Laboratories, Research and Development (R&D) Companies, Market Research and Consulting Service Providers, Potential Investors and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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