Bone Degeneration Therapeutics Market Trends Forecast to 202
The global bone degeneration therapeutics market size was valued at USD X billion in 2021 and is poised to grow at a significant CAGR of X% during the forecast period 2022-28. The articular cartilage that covers the joints deteriorates with bone degeneration. Cartilage allows the joint to move freely and without resistance. Inflammation, squeezed nerves, and pain result from a reduction in joint flexibility caused by cartilage degeneration. Bone degradation is a normal process that is accelerated by a variety of factors such as traumas, congenital diseases, diabetes, and obesity. Joint stiffness, radiating pain that starts in the back and progresses to the limbs, and joint inflammation are all symptoms of degenerative bone problems.
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Bone degeneration treatments are now in the research and development stages, with the goal of reducing the symptoms of bone loss and the pain that comes with it. The pipeline molecules in development and the study of the key players involved in the development may be used to estimate the bone degeneration therapies market. Some of the bone degenerative treatments in development include denosumab, a Wnt7a-based protein therapy, and AOD-9604, SC-661. Several events, such as medication approvals, marketing exclusivity rights, patent awards, and patent expiration, all have an impact on the growth of the bone degeneration therapies market. Regulatory rules also promote or hinder the entry of bone degeneration treatments into the market. Significant changes in lifestyles, growing physical inactivity, rising obesity, and an increase in the rate of diabetes around the world are all factors encouraging market expansion. Limited treatment choices for bone degeneration and a lack of commercially accessible therapeutics for the treatment, on the other hand, are two factors that may impede the growth of the bone degeneration therapeutics market.
The global bone degeneration therapeutics market segmentation:
1) By Drug Type: Hyaluronic acid, Platelet rich plasma, Steroids and cortisone, Others
2) By Route of Administration: Oral, Parenteral
3) By Application: Osteopenia, Osteoarthritis, Spinal Fusion
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
Owing to the high prevalence of sports injuries, the availability of advanced technologies, the huge ageing population, solid medical infrastructure, and favourable government reimbursement policies, the market for bone degeneration in North America has great potential. According to Osteoporosis Canada's 2016 estimates, osteoporosis is responsible for over 80% of all fractures in adults over 50, and at least one in three women and one in five men will experience an osteoporotic fracture during their lifetime. Due to rising consumer health awareness and the development of good diagnostic and treatment facilities in the region, Asia Pacific is expected to be a high growing market for bone degeneration in the near future.
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The bone degeneration therapeutics market key players Fate Therapeutics (U.S.) Amgen, Inc. (U.S.) Regenexx (U.S.) Bone Therapeutics SA (Belgium) Se-cure Pharmaceuticals, Ltd. (Israel) Kaken Pharmaceutical Co., Ltd. (Japan) Flexion Therapeutics, Inc. (U.S.)
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