Press release
The Global Avascular Necrosis Market, valued at USD 614.05 Mn in 2022, is projected to reach USD 941.75 Mn by 2029, with a CAGR of 6.3 percent.
Avascular Necrosis Market
Avascular necrosis is primarily caused by factors such as trauma, steroid use, alcohol consumption, bisphosphate use, radiation therapy for cancer, and organ transplantation. The market is driven by various factors, including the rise in the aging population, an increase in knee replacements and hip surgeries, the growing use of diagnostic centers for trauma-related cases, and new product launches by key players.
Furthermore, the prevalence of avascular necrosis is increasing due to factors such as alcohol consumption, tobacco use, drug approvals from regulatory bodies, and a higher risk of chronic diseases like arthritis, diabetes, and HIV. The market growth is also fueled by the growing number of road accidents, traumatic injuries, and the incidence of Legg-Calvé-Perthes disease in children.
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Avascular Necrosis Market Dynamics:
The market is segmented based on disease type, treatment type, and diagnosis. Traumatic avascular necrosis holds the largest revenue share, with factors such as trauma injuries, steroid and bisphosphate use, and alcohol consumption contributing to its dominance. In terms of treatment type, nonsteroidal anti-inflammatory drugs are expected to have the highest growth rate, while electrical stimulation, gene therapy, and surgery are anticipated to be the fastest-growing segments in the therapy category. MRI and CT scan are the dominant diagnostic methods.
Key players in the avascular necrosis market include Wright Medical Group Inc., Bone Therapeutics SA, Medtronic, Teva Pharmaceuticals Industries Ltd., Dr. Reddy's Laboratories Ltd., Solara Active Pharma Sciences Limited, Bayer AG, ALKEM Labs, and others. These companies are implementing various strategies such as investments, partnerships, mergers and acquisitions, and joint ventures to enhance their market presence and expand their product portfolios.
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Avascular Necrosis Market Regional Insights:
North America currently dominates the avascular necrosis market, attributed to the presence of major key players, advanced treatment options, well-established healthcare infrastructure, and a high prevalence of avascular necrosis. Asia Pacific is expected to witness significant growth, driven by the increasing patient population, government initiatives to raise awareness, improved healthcare infrastructure, rising healthcare expenditure, and a growing prevalence of bone disorders in countries like India and China.
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Avascular Necrosis Market Segmentation:
By Disease Type:
Traumatic Avascular Necrosis
Non-Traumatic Avascular Necrosis
By Treatment Type:
1 Drug Type
1.1Nonsteroidal anti-inflammatory drugs
1.2 Ibuprofen
1.3 Naproxen Sodium
1.4 Osteoporosis drugs
1.5 Cholesterol-lowering drugs
1.6 Blood Thinners
1.7 Others
2 Therapy
2.1 Electrical Stimulation
2.2Rest
2.3 Exercises
2.4 Gene Therapy and Surgery
By Product:
Tablets
2. Capsules
3. Suspension
4. Syrups
Injectable
By Diagnosis:
1. Imaging
2. Biopsy
3. CT scan
PET and X-ray
By Route of Administration:
Oral
Parenteral
By End User:
Hospital Pharmacy
Online Pharmacy
3. Retail Pharmacy
By Distribution Channel:
Offline
Online
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Avascular Necrosis Market Key Competitors include:
Bone Therapeutics SA
Wright Medical Group Inc.,
Medtronic Logo
Teva Pharmaceuticals Industries Ltd.
DR. Reddys Laboratories Ltd.
Solara Active Pharma Sciences Limited
Bayer AG
ALkem labs
Novartis AG
10.GSK
11.Pfizer,Inc.
12.Integra LifeSciences
13.Eli Lilly and Company
14.Medtronic Plc
15.Bristol Myers Squibb-Myers Squibb
16.Merck KGaA, Zimmer Biomet Holdings
17.Sanofi SA, Pfizer Inc.,
18.Smith & Nephew Plc.
19.Integra LifeSciences Corporation
20.Stryker Corporation
21.Boehringer Ingelheim
22.Zimmer Biom
23.Johnson & Johnson et
24.Baxter
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Table of Content for Avascular Necrosis Market
Global Avascular Necrosis Market: Research Methodology
Global Avascular Necrosis Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Avascular Necrosis Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Avascular Necrosis Market Segmentation
Global Market, by Disease Type (2022-2029)
Global Market, by Treatment Type (2022-2029)
Global Market, by Product (2022-2029)
Global Market, by Diagnosis (2022-2029)
Global Market, by Route of Administration (2022-2029)
Global Market, by End User (2022-2029)
Global Market, by Distribution Channel (2022-2029)
Regional Avascular Necrosis Market (2022-2029)
Regional Market, by Disease Type (2022-2029)
Regional Market, by Treatment Type (2022-2029)
Regional Market, by Product (2022-2029)
Regional Market, by Diagnosis (2022-2029)
Regional Market, by Route of Administration (2022-2029)
Regional Market, by End User (2022-2029)
Regional Market, by Distribution Channel (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Disease Type, Treatment Type, Product, Diagnosis, Route of Administration, End User and Distribution Channel
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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