U.S. Arthritis Market Business Opportunities in 2022
Description
The
U.S.
arthritis market is expected to gain market growth in the forecast period
of 2022 to 2029. Data Bridge Market Research analyses that the market is
growing with a CAGR of 10.2% in the forecast period of 2022 to 2029 and is
expected to reach USD 78,400.47 million by 2029 from USD 36,046.73 million in
2021.
Moreover,
the geriatric population is most susceptible to arthritis, which is expected to
boost the growth of the market. However, the high cost associated with
medication and therapy is expected to hamper the growth of the market.Various
government initiatives to aid awareness and correct diagnosis of arthritis may
boost the growth of the market.
U.S.
Arthritis Market Analysis and Insights
The
major factor that is expected to drive the growth of the U.S. arthritis market
is rising patient awareness of arthritis treatment, which leads to increased
adoption of diagnosis and treatment. The sedentary lifestyle tradition leading
to reduced indulgence in physical activities is also a major factor. There is a
substantial rise in obesity and unhealthy food habits which is expected to
increase the demand for Arthritis drugs.
Arthritis
is a disease that affects the joints. A complete cure for arthritis does not
exist, but with existing medication, symptoms such as swelling, pain, and
wearing down of joints due to this disease can be kept under closer check. Due
to medications such as Disease-modifying antirheumatic drugs (DMARDs) and
biological response modifiers, arthritis patients can have a better quality of
life, free from constant pain, and difficulty in movement.
U.S. Arthritis Market Dynamics
Drivers
· Rise in patient awareness of arthritis
With the increased prevalence and
incidence of arthritis worldwide, there is an increase in awareness of the
disease. Therefore, rising patient awareness of arthritis is expected to act as
a driver for the growth of the arthritis market.
· Increasing prevalence of arthritis
Another significant factor
influencing the growth rate of the U.S. arthritis market is the increasing
prevalence of the disease in the region. Researchers found that more adults in
rural areas are affected by arthritis with nearly 1 in 3 affected, than in
urban areas In the future decades, the prevalence of doctor-diagnosed arthritis
is predicted to rise.
Opportunities
The increasing prevalence of
arthritis gives swelling and tenderness to one or more joints and is often
painful so the simultaneous burden of such disease is widely seen among people
globally. The dramatic rise in the quality of research and increasing research
opportunities is because of various strategic initiatives taken by the key
market players in the arthritis market. They are taking initiatives such as
product launches, collaborations, mergers, acquisitions, and many more over the
years and are expected to lead and create more opportunities in the market.
Challenges
However, the high cost of therapies
and side effects and complications of various drugs and therapies will impede
the growth rate of the U.S. arthritis market. Additionally, stringent rules and
regulations will further challenge the market in the forecast period mentioned
above.
This arthritis market report provides
details of new recent developments, trade regulations, import-export analysis,
production analysis, value chain optimization, market share, the impact of
domestic and localized market players, analyses opportunities in terms of emerging
revenue pockets, changes in market regulations, strategic market growth
analysis, market size, category market growths, application niches and
dominance, product approvals, product launches, geographic expansions,
technological innovations in the market. To gain more info on the U.S.
arthritis market.
The U.S. Arthritis Market Scope
The U.S. arthritis market is
segmented into type, product, drug type, medication type, route of
administration, population type, end user, and distribution channel. The growth
amongst these segments will help you analyse meagre growth segments in the industries
and provide the users with a valuable market overview and market insights to
make strategic decisions to identify core market applications.
Route
of Administration
· Parenteral
· Oral
· Others
On the basis of route of
administration, the U.S. arthritis market is segmented into parenteral, oral,
and others.
Population
Type
· Geriatrics
· Adults
· Children
On the basis of population type, the
U.S. arthritis market is segmented into geriatrics, adults, and children.
End
User
· Hospitals
· Specialty Centers
· Homecare
· Others
On the basis of end user, the U.S.
arthritis market is segmented into hospitals, specialty centers, homecare, and
others
Distribution
Channel
· Direct Tender
· Retail Sales
· Others
On the basis of distribution channel,
the U.S. arthritis market is segmented into direct tender, retail sales, and
others
Major TOC of the Urodynamic
Equipment Market Report
Chapter One:
· MARKET SEGEMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
Get TOC of the Report https://www.databridgemarketresearch.com/toc/?dbmr=us-arthritis-market
.
U.S. Arthritis Market Country
Analysis/Insights
The U.S. is expected to dominate the
arthritis market in terms of market share and market revenue and will continue
to flourish its dominance during the forecast period. This is due to
implementing awareness programs regarding the diagnosis and treatments of
arthritis and research and development in the drugs for arthritis in the U.S.
region further improves this market growth.
The country section of the report
also provides individual market impacting factors and changes in regulations in
the market that impact the current and future trends of the market. Data
points, such as new and replacement sales, country demographics, disease epidemiology,
and import-export tariffs, are some of the major pointers used to forecast the
market scenario for individual countries. In addition, the presence and
availability of U.S. brands and their challenges faced due to high competition
from local and domestic brands, and the impact of sales channels are considered
while providing a forecast analysis of the country data.
Access Full Report:- https://www.databridgemarketresearch.com/reports/us-arthritis-market#
About Us:
Data Bridge Market
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and foster efficient information for your business to thrive in the market
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