Osteoarthritis Therapeutics Market

Sanofi (France), Pfizer (US) and Horizon Therapeutics (Ireland) are Leading Players in the Osteoarthritis Therapeutics Market

The osteoarthritis therapeutics market is expected to reach USD 10.1 billion by 2024 from USD 6.8 billion in 2019, at a CAGR of 8.1%. This market is experiencing significant growth due to the high and growing prevalence of osteoarthritis. Moreover, increasing sports injuries is expected to play a crucial role in fueling market growth. On the other hand, the risk of adverse cardiovascular events associated with the use of NSAIDs in osteoarthritis treatment may restrain the growth of the market.

The prominent players operating in this market include Sanofi (France), Horizon Therapeutics (Ireland), Johnson & Johnson (US), GlaxoSmithKline Plc (UK), Bayer AG (Germany), Abbott (US), Pfizer (US), Eli Lilly (US), Anika Therapeutics (US), and Flexion Therapeutics (US). Players in this market focused on product launches, collaborations, and acquisitions to develop and expand their market presence between 2016 and 2019.

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Sanofi (France) held a dominant position in the osteoarthritis therapeutics market in 2018. The company has a broad product portfolio and strong geographic presence across the globe. Its client support services complement the product portfolio of the firm. The company operates through three business segments, namely, Pharmaceuticals, Consumer Health, and Vaccines. The company offers osteoarthritis drugs (Synvisc and Synvisc-One) through its Pharmaceuticals segment. Synvisc is a viscosupplementation agent offered by Sanofi, which is indicated for the treatment of pain associated with osteoarthritis of the knee, hip, ankle, and shoulder joints. Synvisc and Synvisc-One are administered directly into the intra-articular space of the joint to restore synovial fluid temporarily. Sanofi operates in North America, Europe, Latin America, Asia, Africa, and the Middle East. Moreover, the company’s osteoarthritis drugs are marketed in more than 60 countries.

Pfizer (US) is one of the leading players in the osteoarthritis therapeutics market. The leading position of the company can be attributed to its strong brand recognition and extensive product portfolio in the osteoarthritis therapeutics market. The company offers osteoarthritis drugs such as Celebrex, Advil, and thermacare through innovative health and essential health business segment Pfizer has a strong foothold in the market. The company serves customers in more than 125 countries.

Horizon Therapeutics (Ireland) is one of the leading players in the osteoarthritis therapeutics market, and its leading position can be attributed to its strong product portfolio and broad geographical reach. The company operates through business segment, namely, Primary Care and Orphan and Rheumatology. The company offers osteoarthritis drugs through the primary care segment. The company has a direct presence in the US and Europe. The company generates more than 90% revenue form the US.

Related Reports:

Osteoarthritis Therapeutics Market by Anatomy (Knee, Hip), Drug Type (NSAIDs, Corticosteroids), Route of Administration (Parenteral, Topical), Distribution Channel (Hospital Pharmacies), Purchasing Pattern (Prescription Drugs) - Global Forecast to 2024

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Report Code
PH 7393
RI Published ON
10/11/2019
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