Osteoarthritis Gene Therapy Market Scope
Osteoarthritis most common form of arthritis that occurs when flexible tissue at the ends of bones wears down. Osteoarthritis disorder most commonly affects joints in the hands, knees, hips, and spine. Gene therapy is a treatment that uses genes to treat or prevent disease. Osteoarthritis Gene Therapy treatment transfers a potentially therapeutic gene safely to human arthritic joints to obtain intra-articular expression of a biologically active transgene product.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Flexion Therapeutics Inc. (United States), GeneQuine Biotherapeutics (Germany), Novartis AG (Switzerland), Smith & Nephew (United Kingdom), Genascence (United States), Kolon TissueGene, Inc. (United States), Sanofi (France), Parexel International Corporation (United States), Medipost (South Korea) and Mundipharma(Germany) |
CAGR | % |
The market is fragmented by numerous key players who have a bargaining power high in the global osteoarthritis therapeutics market as the market is dominated by several key players. The intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Osteoarthritis Gene Therapy market throughout the predicted period.
Flexion Therapeutics Inc. (United States), GeneQuine Biotherapeutics (Germany), Novartis AG (Switzerland), Smith & Nephew (United Kingdom), Genascence (United States), Kolon TissueGene, Inc. (United States), Sanofi (France), Parexel International Corporation (United States), Medipost (South Korea) and Mundipharma(Germany) are some of the key players that are part of study coverage.
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 Osteoarthritis Gene Therapy market by Type and Region with country level break-up.
On the basis of geography, the market of Osteoarthritis Gene Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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
In November 2018, Mundipharma signed a multi-year agreement with Kolon Life Sciences, where they secured exclusive rights for Invossa osteoarthritis therapy in Japan.
Influencing Trend:
Increase in the Prevalence of arthritis
Market Growth Drivers:
Growing Occurrence of Orthopedic Disorders and Increase Awareness of Gene Therapy
Challenges:
Rising Adoption of Non-Drug Pain Management Therapies
Restraints:
High-Cost Associated with Therapy
Opportunities:
Presence of a large number of Osteoarthritis Susceptible patients
Key Target Audience
Government Regulatory, Research Organizations, Hospitals and Clinics and Orthopedic Centers