Joint Pain Injections Market Size, Share, Trends and Forecast 2030, by Types (Corticosteroids, Hyaluronic acid, Platelet-rich plasma) by Applications (Osteoarthritis, Rheumatoid arthritis, Sports injuries)

Report ID :
2710

Publisher ID :
theinsightbridge

Published :
2023-06-07

Pages :
175

Purchase Option
$4500

Joint Pain Injections Market Introduction 

Joint pain injections, also known as intra-articular injections, are a type of treatment for joint pain and inflammation. These injections are administered directly into the affected joint and can provide relief from pain and stiffness for a period of time. Joint pain injections are typically used for conditions such as arthritis, osteoarthritis, and rheumatoid arthritis.The injections can contain a variety of substances, including corticosteroids, hyaluronic acid, and platelet-rich plasma (PRP). Corticosteroids are anti-inflammatory medications that can help to reduce inflammation and pain in the joint. Hyaluronic acid is a naturally occurring substance that helps to lubricate and cushion the joint. PRP injections use a patient's own blood, which is processed to concentrate the platelets and growth factors, and then injected into the joint to promote healing and reduce inflammation.Joint pain injections are typically administered by a healthcare professional, such as a rheumatologist or orthopedic surgeon, and can provide relief for several weeks to several months, depending on the individual and the condition being treated.

Joint Pain Injections Market Size

The global joint pain injections market size was valued at USD 3.8 billion in 2021, and it is expected to reach USD 5.8 billion by 2028, growing at a CAGR of 5.8% during the forecast period (2021-2028).The growth of the joint pain injections market is primarily driven by the increasing prevalence of joint-related disorders such as osteoarthritis and rheumatoid arthritis, as well as the growing geriatric population worldwide. Additionally, the rising demand for minimally invasive procedures, the growing preference for outpatient surgeries, and advancements in injection techniques and materials are also contributing to the growth of the market.North America dominates the joint pain injections market, accounting for the largest share of the global market. This can be attributed to the presence of a well-established healthcare infrastructure, increasing awareness among the population about the benefits of joint pain injections, and high healthcare expenditure in the region. The Asia Pacific region is expected to witness significant growth during the forecast period, owing to the increasing prevalence of joint-related disorders and the growing adoption of minimally invasive procedures in the region.

Joint Pain Injections Market Share

The joint pain injections market is highly competitive and is characterized by the presence of several key players. The market is dominated by a few major players, but there are also several smaller players operating in the market.As of 2021, the major players in the global joint pain injections market include Sanofi S.A., Pfizer Inc., Anika Therapeutics Inc., Zimmer Biomet Holdings Inc., Seikagaku Corporation, Ferring B.V., Bioventus LLC, Flexion Therapeutics Inc., Chugai Pharmaceutical Co. Ltd., and Mylan N.V.Sanofi S.A. is one of the leading players in the market, with a significant market share. The company offers a range of joint pain injections, including Synvisc, which is used to treat knee pain associated with osteoarthritis. Pfizer Inc. is another major player in the market, with a strong portfolio of joint pain injections such as Depo-Medrol and Celestone Soluspan.Other key players in the market include Anika Therapeutics Inc., which offers a range of joint pain injections such as Orthovisc and Monovisc, and Zimmer Biomet Holdings Inc., which offers Gel-One, a hyaluronic acid injection for the treatment of knee pain associated with osteoarthritis. Seikagaku Corporation is also a major player in the market, with its hyaluronic acid injection product, Artz, which is used to treat knee pain associated with osteoarthritis.The market share of each player varies by region and product type, but the major players are expected to maintain their dominant position in the market during the forecast period, due to their strong brand recognition, extensive distribution networks, and robust product portfolios.

Joint Pain Injections Market Trends

The joint pain injections market is witnessing several trends that are expected to impact the market growth in the coming years. Some of the key trends include:

  1. Increasing adoption of hyaluronic acid injections: Hyaluronic acid injections are becoming increasingly popular for the treatment of joint pain, especially knee pain associated with osteoarthritis. Hyaluronic acid injections work by lubricating the joint and reducing inflammation, thereby providing relief from pain. As a result, the demand for hyaluronic acid injections is expected to increase in the coming years.
  2. Growing preference for minimally invasive procedures: Minimally invasive procedures, such as joint pain injections, are becoming increasingly popular as they offer several benefits over traditional surgical procedures. These benefits include reduced pain and discomfort, faster recovery time, and fewer complications. As a result, the demand for joint pain injections is expected to increase in the coming years.
  3. Increasing focus on research and development: Several key players in the joint pain injections market are investing in research and development to develop new and innovative products. For instance, Sanofi S.A. recently received FDA approval for Synvisc-One, a single injection treatment for knee pain associated with osteoarthritis. Other companies are also developing new products, such as long-acting corticosteroid injections, to provide longer-lasting pain relief.
  4. Growing use of combination therapies: Combination therapies, which involve the use of multiple drugs or treatment modalities, are becoming increasingly popular for the treatment of joint pain. For instance, some physicians are using a combination of hyaluronic acid injections and corticosteroid injections to provide better pain relief to their patients. This trend is expected to continue in the coming years.
  5. Rising demand for outpatient surgeries: Outpatient surgeries, which allow patients to go home on the same day as the procedure, are becoming increasingly popular for joint pain injections. This is because outpatient surgeries are less expensive and more convenient for patients. As a result, the demand for outpatient joint pain injections is expected to increase in the coming years.

Joint Pain Injections Market Driving Factors

The joint pain injections market is driven by several factors that are expected to impact the market growth in the coming years. Some of the key driving factors include:

  1. Increasing prevalence of joint pain: The increasing prevalence of joint pain, especially knee pain associated with osteoarthritis, is a major driving factor for the joint pain injections market. More than 32 million adults in the United States have osteoarthritis, and the number is expected to increase in the coming years.
  2. Growing aging population: The growing aging population is another major driving factor for the joint pain injections market. As people age, the risk of developing joint pain increases. The global population aged 60 years and above is expected to reach 2 billion by 2050, which is more than double the number in 2015.
  3. Increasing demand for minimally invasive procedures: The increasing demand for minimally invasive procedures is a major driving factor for the joint pain injections market. Minimally invasive procedures offer several benefits over traditional surgical procedures, including reduced pain and discomfort, faster recovery time, and fewer complications.
  4. Growing adoption of combination therapies: The growing adoption of combination therapies, which involve the use of multiple drugs or treatment modalities, is a major driving factor for the joint pain injections market. Combination therapies are often more effective than single therapies, and they can provide longer-lasting pain relief.
  5. Technological advancements in injection devices: Technological advancements in injection devices, such as auto-injectors and prefilled syringes, are expected to drive the growth of the joint pain injections market. These devices offer several benefits over traditional injection methods, including increased accuracy, reduced pain, and improved patient compliance.
  6. Increasing healthcare expenditure: The increasing healthcare expenditure, especially in emerging economies, is expected to drive the growth of the joint pain injections market. This is because increasing healthcare expenditure leads to better access to healthcare services, including joint pain injections.

Joint Pain Injections Market Regional Analysis

The joint pain injections market can be analyzed based on the following regions:

  1. North America: North America is expected to dominate the joint pain injections market due to the increasing prevalence of joint pain, growing aging population, and high healthcare expenditure in the region. The United States is the largest market in this region, followed by Canada.
  2. Europe: Europe is expected to be the second-largest market for joint pain injections due to the increasing prevalence of joint pain, growing aging population, and increasing adoption of minimally invasive procedures in the region. Germany, France, and the United Kingdom are the major markets in this region.
  3. Asia-Pacific: The Asia-Pacific region is expected to be the fastest-growing market for joint pain injections due to the increasing prevalence of joint pain, growing aging population, and increasing healthcare expenditure in the region. China, Japan, and India are the major markets in this region.
  4. Latin America: Latin America is expected to witness moderate growth in the joint pain injections market due to the increasing prevalence of joint pain and improving healthcare infrastructure in the region. Brazil and Mexico are the major markets in this region.
  5. Middle East and Africa: The Middle East and Africa region is expected to witness slow growth in the joint pain injections market due to the limited access to healthcare services and lack of awareness about the benefits of joint pain injections in the region. However, increasing healthcare expenditure and improving healthcare infrastructure in the region are expected to drive the market growth in the coming years.

Joint Pain Injections Market Forecasts 2030 

The joint pain injections market is expected to grow significantly during the forecast period of 2021-2030. The increasing prevalence of joint pain, growing aging population, and rising demand for minimally invasive procedures are expected to drive market growth. The market is also expected to witness increased adoption of hyaluronic acid injections, corticosteroid injections, and platelet-rich plasma (PRP) injections for joint pain treatment.The global joint pain injections market is expected to reach USD 6-7 billion by 2030, growing at a CAGR of 6-7% during the forecast period. The North American region is expected to dominate the market due to the high prevalence of joint pain and growing aging population. The Asia-Pacific region is expected to witness the highest growth due to the increasing healthcare expenditure and improving healthcare infrastructure in the region.Moreover, increasing research and development activities in the field of joint pain injections are expected to drive market growth. Companies are investing heavily in developing innovative products to cater to the growing demand for joint pain treatment. However, the high cost of joint pain injections and the risk of side effects associated with these injections may hinder market growth to some extent.Overall, the joint pain injections market is expected to witness significant growth during the forecast period of 2021-2030, driven by the increasing prevalence of joint pain, growing aging population, and rising demand for minimally invasive procedures.

Joint Pain Injections Market Key Industry Players

Some of the key players operating in the global joint pain injections market include:

  1. Pfizer Inc.
  2. Sanofi S.A.
  3. Anika Therapeutics, Inc.
  4. Zimmer Biomet Holdings, Inc.
  5. Seikagaku Corporation
  6. Ferring Pharmaceuticals Inc.
  7. Flexion Therapeutics, Inc.
  8. Bioventus LLC
  9. Genzyme Corporation (Sanofi S.A.)
  10. OrthogenRx, Inc.

These companies are focusing on various strategies such as product development, mergers and acquisitions, and collaborations to maintain their market position and gain a competitive advantage. Moreover, the market is expected to witness increased competition among players due to the growing demand for joint pain injections and the increasing number of players entering the market.

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