Market revenue in 2023 | USD 1,712.5 million |
Market revenue in 2030 | USD 3,102.2 million |
Growth rate | 8.9% (CAGR from 2023 to 2030) |
Largest segment | Three injection |
Fastest growing segment | Single Injection |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Single Injection, Three Injection, Five Injection |
Key market players worldwide | DePuy Synthes, Sanofi SA, Smith & Nephew PLC, Anika Therapeutics Inc, Zimmer Biomet Holdings Inc, Ferring, Lifecore Biomedical Inc, LG Chem, Roche Holding AG |
Three injection was the largest segment with a revenue share of 43.06% in 2023. Horizon Databook has segmented the U.S. viscosupplementation market based on single injection, three injection, five injection covering the revenue growth of each sub-segment from 2018 to 2030.
According to CDC, in 2013–2015, 54 million people in the U.S. were reported to be diagnosed with some form of arthritis. The condition has limited the activities of around 24 million adults and is responsible for severe joint pain in about 15 million adults.
The most common form of arthritis is osteoarthritis followed by rheumatoid arthritis, gout, and fibromyalgia. The rapid rise in geriatric population has led to increase in incidence of osteoarthritis, thus propelling demand for joint-injectable products.
According to Population Reference Bureau, the population of Americans aged 65 or older is projected to increase by twofold from 46 million in 2016 to 98 million by 2060. Multiple-injection products have existed in the market for a long time and, hence, are highly preferred.
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