Musculoskeletal System Disorders Market Analysis, Region & Country Revenue Share, & Forecast Till 2027
According to MRFR analysis, the global musculoskeletal system disorders market is expected to register a CAGR of ~5.30% during the forecast period and was valued at USD 3837.7 million in 2018.
Musculoskeletal
system disorders affect movement or musculoskeletal systems such as muscles,
tendons, and ligaments. These disorders are also known as repetitive motion
injuries. Musculoskeletal system disorders can arise by making the same motion
repeatedly or lifting heavy objects. They affect different parts of the body,
mainly the upper and lower back and neck.
The growth
of global musculoskeletal system disorders market is driven by various factors
such as an increasing global geriatric population, rising prevalence, and
improper posture, and poor fitness levels. However, the high costs of surgery
are expected to curb the growth of the global musculoskeletal system disorders
market.
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The global
musculoskeletal system disorders market is currently dominated by several
market players. The key players are involved in product launches and strategic
collaborations to strengthen their market positions.
Regional
Analysis
The market
has been divided, by region, into the Americas, Europe, Asia-Pacific, and the
Middle East & Africa. The Americas is expected to be the largest market
owing to the increasing prevalence of musculoskeletal system disorders and
rising per capita healthcare expenditure. The musculoskeletal system disorders
market in the Americas has further been branched into North America and Latin
America, with the North American market divided into the US and Canada. The
European musculoskeletal system disorders market has been categorized as
Western Europe and Eastern Europe. The Western European market has further been
classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The musculoskeletal system disorders market in Asia-Pacific has been segmented
into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
Due to the increasing patient pool of musculoskeletal system disorders and
rising awareness about the treatment methods, the market in Asia-Pacific is
expected to be the fastest-growing. The musculoskeletal system disorders market
in the Middle East & Africa has been divided into the Middle East and
Africa.
Segmentation
The global
musculoskeletal system disorders market has been segmented based on type,
treatment, and end user.
The market,
based on type, has been divided into rheumatoid arthritis, osteoarthritis,
osteoporosis, psoriatic arthritis, ankylosing spondylitis, fibromyalgia, and
others. The rheumatoid arthritis segment is likely to be the largest during the
review period due to a growing aging population and increasing prevalence of
rheumatoid arthritis globally. Around 1.3 million Americans are diagnosed with
rheumatoid arthritis every year. The osteoarthritis segment is predicted to be
the fastest-growing due to the rising prevalence of the disorder in the
elderly.
The global
musculoskeletal system disorders market has been segmented, on the basis of
treatment, into corticosteroids, biologics, physical therapy, extracorporeal
shock wave therapy, protein therapy, synthetic bone graft, composite grafts,
demineralized bone matrix, and others. The corticosteroids segment is expected
to hold the majority share of the market the drugs help increase muscle
strength and quicken the recovery process. The biologics segment is expected to
be the fastest-growing due to the increasing use of biologics in the treatment
of musculoskeletal system disorders. iologic therapies include alpha (TNF-α)
blockers that help reduce muscle and joint pain. The cost of the treatment is
also less as compared to other treatment types.
The end
user segments of the market are hospitals and clinics, ambulatory surgical
centers, and others. The hospitals and clinics segment is expected to hold the
largest share of the market as these centers are the primary locations for
patients receiving treatment and surgery.
Key
Players
Some of the
key players in the global musculoskeletal system disorders market are AB Science (France), AbGenomics
International, Inc. (US), Alder BioPharmaceuticals,Inc. (US), Amgen Inc. (US),
Lexicon Pharmaceuticals, Inc. (US), LG Chem (South Korea), OrthoTrophix, Inc.
(US), Tarsa Therapeutics, Inc. (US), PhytoHealth Corporation (Taiwan), Eisai
Co., Ltd (Japan), Astellas Pharma Inc. (Japan), AstraZeneca (UK), Baxter (US),
and GlaxoSmithKline PLC (UK).
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