About Knee Hyaluronic Acid Injections
Knee Hyaluronic Acid Injections is used to treat knee pain caused by osteoarthritis in patients who were already treated with pain relievers and other treatments which did not work on pain. Osteoarthritis generally begins when cartilage breaks down in the knee and ultimately results in bone and joint damage. Which further creates pain even by simple movements like standing. The procedure of giving an injection is generally done under the guidance of a doctor and performed by an orthopedic physician. Sometimes, rheumatologists and primary care doctors also provide Knee Hyaluronic Acid Injections. This injection technique requires the high expertise of a trained medical professional. If by mistake the material is injected into any other area then the effectiveness and safety of the procedure will be reduced. With an increasing number of osteoarthritis patients, the demand for Knee Hyaluronic Acid Injections is increasing
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Knee Hyaluronic Acid Injections market faces the biggest challenge of lack of trust among its users. There is a need for R&D investment to fully understand the benefits and side effects of the injection. Market leaders in the market account for most of the share due to a strong distribution network and reputation. There are no major barriers to entry in this market but high expertise is needed to operate in this market. Approval from regional health institutions is also necessary. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allergan, Inc (Ireland), Galderma (Switzerland), Salix Pharmaceuticals (United States), Lifecore Biomedical (United States), Anika Therapeutics (United States), Sanofi (France), Shiseido (Japan), Smith and Nephew PLC. (United Kingdom) and LG Life Sciences (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Maruha Nichiro Foods Inc. (Japan) and Fidia Pharma (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Knee Hyaluronic Acid Injections market by and Region.
On the basis of geography, the market of Knee Hyaluronic Acid Injections 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). If we see Market by Acid, the sub-segment i.e. Euflexxa will boost the Knee Hyaluronic Acid Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Knee Hyaluronic Acid Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage, the sub-segment i.e. Single Shot will boost the Knee Hyaluronic Acid Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Solution will boost the Knee Hyaluronic Acid Injections market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ineffectiveness of Traditional Non-Surgical Treatments Boosting the Demand for Knee Hyaluronic Acid Injections
Market Growth Drivers:
Growing Number of Osteoarthritis (OA) Patients and Increasing Age of Demographic in Developed Countries
Challenges:
Unclear Side-Effects of Knee Hyaluronic Acid Injections and Availability of Substitute Treatments of Knee Hyaluronic Acid Injections
Restraints:
Some Institutions Do Not Recommend Hyaluronic Injections Due to Lack of Evidence About Their Working
Opportunities:
Growing Research and Development in Measuring Effectiveness and New Technology in Knee Hyaluronic Acid Injections and Increasing Spending on Healthcare Infrastructure by Nations
Market Leaders and their expansionary development strategies
In May 2021, Ono Pharmaceutical Co., Ltd. and Seikagaku Corporation announced that Ono has launched JOYCLU 30mg Intra-articular Injection, a joint function improvement agent, for which Seikagaku received the manufacturing and marketing approval
In April 2019, the FDA of the US granted Fidia Pharms an Italian pharmaceutical firm approval for its hyaluronic acid injection called Triluron. This injection is designed to treat knee pain due to osteoarthritis. The mixture is primarily made of highly purified sodium hyaluronate which is derived from rooster comb and administered as an injection. This treatment is a course of three injections per week.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Knee Hyaluronic Acid Injections Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.