"The Global Osteoarthritis Market is estimated at USD 7.12 billion in 2020, and it is expected to reach 12.45 billion USD by the year 2028 with a CAGR of 8.7%."

The report titled "Global Osteoarthritis Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2028" offers strategic visions into the global Osteoarthritis market along with the market size (Revenue – US$ Billion) and estimates for the duration of 2016 to 2028. The report includes competitive profiling of the leading osteoarthritis OA market vendors and the latest developments.
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Market Dynamics
The increasing geriatric population is the primary cause behind the global osteoarthritis market growth as the disease is prominently found in the elderly population. As per data released by United Nations in 2017, the global population aged 60 or above was 962 million in 2017, and by 2050, it is expected to reach approximately 2.1 billion. As per the data given by Lancet Journal, Osteoarthritis affects about 7% of the global population, which is more than 500 million people worldwide.

However, nonsteroidal anti-inflammatory drugs in osteoarthritis treatment increase the chances of adverse cardiovascular incidents, thereby hampering the market growth. Additionally, the adoption of biomarkers in the treatment with AI technology might increase personalized medicine, ultimately generating lucrative opportunities for the global osteoarthritis therapeutics market players.
Market Segmentation
The global osteoarthritis market has been segmented based on
• Anatomy
• Drug type
• Route of administration
• Purchasing pattern
• Distribution channel
• Geography
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Based on anatomy, the global osteoarthritis market has been segmented into
• Knee osteoarthritis
• Hand osteoarthritis
• Hip osteoarthritis
• Small joint osteoarthritis
Based on drug type, The worldwide osteoarthritis market is divided into
• Viscosupplementation agents
• Nonsteroidal anti-inflammatory medicines (NSAIDs)
• Corticosteroids
• Analgesics
Nonsteroidal Anti-inflammatory Drugs (NSAIDs) can be further segmented into Naproxen, Aspirin, Diclofenac, Ibuprofen, Others.
Analgesics can be differentiated into duloxetine and acetaminophen.
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Geographical Overview
Based on geography, the global osteoarthritis market has been segmented into
• North America
• Europe
• The Asia Pacific
• Latin America
• Middle East & Africa.

Competitive Landscape:
Sanofi,Horizon Therapeutics PLC,Johnson & Johnson,GlaxoSmithKline PLC,Bayer AG,Abbott,Pfizer,Eli Lilly,Anika Therapeutics, Inc.,Novartis AG,Ferring Pharmaceuticals,Bioventus,Zimmer Biomet Holdings, Inc.,Fidia Farmaceutici s.p.a.,Flexion Therapeutics Inc.,Pharmed Limited,Virchow Biotech,Kitov Pharmaceuticals Ltd,Assertio Therapeutics
TOC:
Chapter 1 Osteoarthritis Market Overview
1.1 Product Overview and Scope of Osteoarthritis
1.2 Osteoarthritis Market Segmentation by Type
1.2.1 Global Production Market Share of Osteoarthritis by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
TOC Continue…
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