The global knee pain management market size is expected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the surge in the frequency of sports injuries, the aging population, and the global patient pool are all driving global demand for knee pain management. High prevalence and incidence of osteoarthritis and rheumatoid arthritis among adult and geriatric populations.
Knee pain is a common ailment caused by the knee's bone structure. It is closely correlated with age. The location of knee pain is determined by the injured area. Limping owing to discomfort, trouble walking, climbing stairs, locking of the knee, redness, swelling, and inability to extend the knee are all symptoms of knee pain. Knee discomfort in young people is related to the overuse of knee joints as a result of physical activity or sports. It is caused by the wear and tear of the knee joint caused by osteoarthritis and rheumatoid arthritis in the elderly population.
Patients' usual lifestyles are hampered by their loss of movement and knee pain, necessitating the use of knee pain management and treatments right away. Mild knee discomfort merely causes inconvenience in daily life, however severe knee pain causes serious movement limitations. Damaged menisci, tendinitis, pseudogout, bursitis, and excess body weight are some of the other causes of knee pain.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising frequency of sports injuries, the prevalence of arthritis, and the demand for treatment alternatives for the knee pain management market are expected to boost the market growth during the forecast period.
- The growing aging population, as well as the risk of infections and swellings in the knee, are all projected to propel the market expansion in the coming years.
- High prevalence and incidence of osteoarthritis and rheumatoid arthritis among adult and geriatric populations are estimated to spur the market growth in the coming years.
- Emerging therapies, such as Disease-modifying antirheumatic drugs (DMARDs) and anti-NGF, are expected to grow the global market since they allow rapid pain relief and improved knee movement in patients.
- High treatment costs, unfavorable reimbursement mainly for viscosupplementation, and generic competition are projected to impede the market expansion.
- Technological developments in joint replacement are expected to create significant opportunities in the global knee pain management market.
Global Knee Pain Management Market Segment Insights:
Chronic Knee Pain segment is projected to account for a large market share
Based on types, the global knee pain management market is bifurcated into acute knee pain and chronic knee pain. The chronic knee pain segment is expected to account for a key share of the market during the forecast period due to an increase in the number of surgeries performed globally and an increase in the prevalence of chronic disorders that cause knee pain.
Hospital Pharmacies segment is expected to represent a key market share
On the basis of distribution channels, the market is segmented into hospital pharmacies, retail pharmacies, drug stores, and E-commerce. The hospital pharmacies segment is expected to constitute a key share of the market during the forecast period owing to the high number of patients visiting hospitals for knee pain treatments and the huge choice of knee pain treatments accessible in hospital pharmacy, hospital pharmacies accounted for the greatest proportion of the market, another significant benefit is the ease with which reimbursements can be obtained for purchases made at hospital pharmacies.
North America is anticipated to dominate the market
In terms of regions, the global knee pain management market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market at a healthy CAGR during the forecast period. The regional market growth can be attributed to the increased incidence of knee arthritis, which includes knee osteoarthritis and rheumatoid arthritis, rise in healthcare spending, an increase in knee ligament injuries, and a demand for better treatment.
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