Ankle Arthritis Treatment Market Scope
Arthritis in the lower leg can lead to pain, swelling, deformity, and instability in the ankle joint. Ankle arthritis affects the tibiotalar joint, which forms between the shin bone (tibia) and ankle bone (talus). Lower leg joint pain is the swelling or inflammation around the ankle joints and adjacent tissue. It frequently leads to trouble in moving, strolling, swelling of ankle and tenderness of joints. It can be treated with the help of injectable drugs or oral medication depending on the seriousness and sign.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Pfizer Inc. (United States), GlaxoSmithKline Plc. (United Kingdom), Novartis Ag (Switzerland), Johnson & Johnson (United States), Bayer AG (Germany), Abbott Laboratories (United States), Sanofi S.A. (France), Eli Lilly (United States), Horizon Therapeutics Plc. (Ireland) and Dr Reddy's Laboratories (India) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, and new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Ankle Arthritis Treatment market throughout the predicted period.
Pfizer Inc. (United States), GlaxoSmithKline Plc. (United Kingdom), Novartis Ag (Switzerland), Johnson & Johnson (United States), Bayer AG (Germany), Abbott Laboratories (United States), Sanofi S.A. (France), Eli Lilly (United States), Horizon Therapeutics Plc. (Ireland) and Dr Reddy's Laboratories (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Anika Therapeutics Inc. (United States), Pharmed Limited (India) and Almatica Pharma LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ankle Arthritis Treatment market by Type and Region with country level break-up.
On the basis of geography, the market of Ankle Arthritis 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On Sep 2020, Dr Reddy's Laboratories announced that it has launched OTC Diclofenac Sodium topical gel, used for arthritis pain, in the US market.
In December 13, 2021, Pfizer Inc. acquired Arena Pharmaceuticals, Inc. . Arena is a clinical stage company developing innovative potential therapies for the treatment of several immuno-inflammatory diseases. This helped - Pfizer Inc. to expand its presence in ankle arthritis treatment market
Influencing Trend:
Self-Awareness And Pro-Activeness To Seek Treatment
Market Growth Drivers:
Rise In Geriatric Population and Rise in Obese Population
Challenges:
Growing Demand For Low-Priced Generics, Stringent Government Rules and Regulations and The Covid-19 Impact
Restraints:
High Cost Of Arthritis Treatment and Side Effects like Stomach Ulcer and Kidney Dysfunction
Opportunities:
Increasing Obese Population Around The Globe and Growth in the Healthcare Industry Worldwide
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Raw Material Supliers and End-Use Industries