Osteonecrosis Treatment Market Dynamic Outlook and Influencing Key Growth

Posted by ojasdbmr on April 12th, 2021

Osteonecrosis treatment market is growing at a steady CAGR in the forecast period of 2020-2027. Osteonecrosis is also known as avascular necrosis, is a disease which is characterized by the death of bone tissue due to the absence of blood supply in the bone joints.

New bone is always replaced by old bone in people with healthy bones but in this condition the lack of blood causes the bone to break down faster than the body can make enough new bone. In the early stages of osteonecrosis, people generally have no symptoms but as the condition worsens, the affected joint might hurt only when weight put on it.

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Major Market Players:

The major market players in the osteonecrosis treatment market are Merck & Co. Inc, Novartis AG, Pfizer Inc, Johnson & Johnson Services, Inc, Atnahs, Teva Pharmaceutical Industries Ltd, Mylan N.V, Integra LifeSciences Corporation, Enzo Biochem Inc, Bone Therapeutics SA, Amgen Inc, Zimmer Biomet, Vericel Corporation, Micromedic Technologies Ltd, Medacta International, Exactech, Inc among others.

Global Osteonecrosis Treatment Market Scope and Market Size:

•          On the basis of therapy, the osteonecrosis treatment market is segmented as stem cell therapy, joint replacement therapy
•          On the basis of treatment, the osteonecrosis treatment market is segmented as medication and surgery. The medication segment is further segmented into naproxen sodium, alendronate, warfarin and others. The surgery segment is also segmented into core decompression, osteotomy, bone graft and others
•          On the basis of route of administration, the osteonecrosis treatment market is segmented into oral and parenteral
•          On the basis of distribution channel, the osteonecrosis treatment market is segmented as direct, online pharmacy, retailers and others
•          On the basis of end-users, the osteonecrosis treatment market is segmented into hospitals, homecare, specialty clinics and others

Competitive Analysis: Osteonecrosis Treatment Market

Osteonecrosis 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. The report includes market shares of osteonecrosis treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

•          Increasing incidence of osteonecrosis worldwide is driving the market growth
•          Huge demand for non-invasive treatment and dependence on surgery to cure osteonecrosis is boosting the market growth in the forecast period
•          Rising awareness regarding non-invasive method of osteonecrosis treatment is accelerating the market growth
•          Increase in research and development activities to launch an better treatment for osteonecrosis by leading players can act as a market driver
•          Growing government support for research and development is driving the market growth