The Osteonecrosis Treatment Market is anticipated to grow at a CAGR of 4.80% over the forecast period, rising from US$ 275.3 million in 2022 to US$ 461.7 million in 2032.
Osteonecrosis is a disease associated with reduced blood flow to the bones. With the little blood flow, bone starts to die. Osteonecrosis is also known as aseptic necrosis, ischemic necrosis, and avascular necrosis. Osteonecrosis can be observed in any part of the bones, the knees, shoulders, and hips are mostly affected. It is caused by severe trauma that affects the blood supply to the bones and also idiopathic in nature.
In the early stages osteonecrosis is asymptomatic and in late stages, osteonecrosis mainly includes chronic pain, limited movement, and fractures. Osteonecrosis treatment mainly includes nonsurgical treatment and surgery. Non-surgical osteonecrosis treatment is used in the early stages for short term pain relief. It mainly includes medications like NSAIDS for reducing pain and swelling, blood thinners and cholesterol lowering drugs.
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In most of the cases, surgery is required to treat osteonecrosis. They are core decompression surgery for increasing the blood flow to the bones, osteotomy for reducing stress on the joint, bone graft for replacing damaged bones and total joint replacement. Osteonecrosis is most common in the patients with HIV, cancer, Gaucher’s disease, lupus, caisson disease, gout, vasculitis, osteoarthritis, osteoporosis and etc.
Osteonecrosis Treatment Market: Drivers and Restraints
Osteonecrosis Treatment market primarily driven by a key factors such as the increasing incidence of osteonecrosis, the demand for non-invasive treatment and increasing dependence on surgery to cure osteonecrosis is driving the growth of the Osteonecrosis Treatment market.
The market is likely to grow owing to the increasing awareness regarding non-invasive method of osteonecrosis treatment, which is expected to fuel the growth of Osteonecrosis Treatment market. Osteonecrosis is asymptomatic and idiopathic in nature, which raising the burden on patient pollution and it is also associated with people of any age group.
If osteonecrosis is left untreated, complications associated with it is also high, likewise there is a high chance of developing osteoarthritis if is left untreated. So, there is high demand for osteonecrosis treatment and act as a driver of the burgeoning growth of the Osteonecrosis Treatment market.
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There is no evidence based results showing the best way to treat osteonecrosis and it acts as a restraint in the growth of the osteonecrosis treatment market
Osteonecrosis Treatment Market: Market Overview
Global osteonecrosis treatment market has witnessed a robust growth due to increasing demand for non-invasive treatment methods like NSAIDS, blood thinners, and others. The global osteonecrosis treatment market is expected to expand due to increasing prevalence, rising healthcare burden of osteonecrosis among different age groups. Osteonecrosis treatment market has a presence of many regional players which have a huge market share in emerging countries operating at regional or country level.
Avascular Necrosis Therapy, also known as avascular necrosis, is a condition that occurs when blood flow to a bone is disrupted, leading to bone cell death. The most common sites affected are the hip, knee, shoulder, and ankle joints.
Osteonecrosis Treatment Market: Region-Wise Overview
Global osteonecrosis treatment market segmented into following regions North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East and Africa. North America is dominant in the global osteonecrosis treatment market mainly due to the well-established players.
In North America, particularly the USA is dominating due to the high adoption of osteonecrosis treatment methods. Economic conditions in the APAC region are set to drive the osteonecrosis treatment market to new heights. European and APAC are fastest growing region due to rising penetration of osteonecrosis treatment methods.
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Osteonecrosis Treatment Market: Key Participants
- Pfizer Inc.
- Merck & Co. Inc.
- Novartis AG
- Teva Pharmaceutical Industries Ltd
- Bone Therapeutics SA
- Mylan NV
- Regrow Biosciences
- Vericel Corporation
- Zimmer Biomet
- Enzo Biochem Inc.
Some of the key participants in the osteonecrosis treatment market mainly include hospitals, clinics, and ambulatory surgical centers. Companies are mainly focused on R&D to strengthen core competencies of the company’s product portfolio.
Key Segments of the Osteonecrosis Treatment Market
By Drug Type:
- NSAIDS
- Cholesterol-Lowering Drugs
- Blood Thinners
- Others
By Therapy:
- Stem Cell Therapy
- Joint Replacement Surgery
By End User:
- Hospitals
- Homecare
- Specialty Clinics
- Others
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