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Ankle Arthritis Treatment Market Segmented by Corticosteroids, Non-steroidal anti-inflammatory drugs, Steroids, Analgesics, Pain relievers, Anti-rheumatic drugs having route of administration such as Oral, Topical, Intravenous, Parenteral used to treat Ankle osteoarthritis, Post-traumatic ankle arthritis, Rheumatoid ankle arthritis, Gout ankle arthritis, Reactive ankle arthritis, Psoriatic ankle arthritis Indication
Ankle arthritis is the swelling or inflammation around the ankle joints and nearby tissue. This leads to loss of smooth cushion type cartilage present nearby joints. Ankle arthritis often leads to trouble in moving, walking, swelling of ankle and tenderness of joints. Ankle arthritis treatment can be done with the help of injectable drugs or oral depending on the severity and indication.
According to the Centers for Disease Control and Prevention (CDC), it is estimated to observe an increase in arthritis prevalence rate from 22.7% to 26.0% from 2015 to 2040 among the citizen of the U.S.
Worldwide lockdown in several countries with huge manufacturing facilities remaining close have led to a delay in the growth of global ankle arthritis treatment market. Reduced hospital visits and treatment-seeking rate amid coronavirus are expected to slower global ankle arthritis treatment market growth. There has been significant focus on developing COVID 19 cure among leading biopharmaceuticals causing a delay of research and development activities in global ankle arthritis treatment market.
Increasing prevalence of arthritis is expected to rise demand for global ankle arthritis treatment market during the forecast period. Rise geriatric population will propel global ankle arthritis treatment market demand. Number of products in the pipeline will lead to global ankle arthritis treatment market expansion during the forecast period. For instance, in September 2020 a Hyderabad based company Dr Reddy’s Laboratories launched over-the-counter topical gel called Diclofenac Sodium Gel used in the treatment of ankle arthritis in the U.S. market.
Stringent regulatory requirements are expected to challenge global ankle arthritis treatment market growth. Side effects like stomach ulcer and kidney dys function of drugs used in treatment will hinder global ankle arthritis treatment market growth during the forecast period.
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Based on the drug, the global ankle arthritis treatment market is segmented into the following:
Based on the route of administration, the global ankle arthritis treatment market is segmented into the following:
Based on the indication, the global ankle arthritis treatment market is segmented into the following:
Based on the distribution channel, the global ankle arthritis treatment market is segmented into the following:
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Get a Customized VersionNon-steroidal anti-inflammatory drugs (NSAIDs) are expected to generate the highest revenue for ankle arthritis treatment market with increased demand as compared to other drugs. Whereas, based on the route of administration oral drugs are expected to hold the majority share of ankle arthritis treatment market. Ankle osteoarthritis is most common among all the indication holding the major share of ankle arthritis treatment market. Based on the distribution channel, hospitals pharmacies is the largest distribution channel in ankle arthritis treatment market. On the other hand, online pharmacies will observe an exponential rise in demand with increased adoption rate in ankle arthritis treatment market for the next decade.
North America is expected to dominate the ankle arthritis treatment market with an increasing rate of development and commercialization of arthritis drugs. Europe with an increasing geriatric population is expected to have a significant share followed by North America in the ankle arthritis treatment market.
Asia-Pacific is expected to observe the highest growth rate with the rising patient population and an increasing number of domestic players in the global ankle arthritis treatment market. The Middle East and Africa tend to be least lucrative for global ankle arthritis treatment market with less per capita healthcare expenditure.
Some key players contributing global ankle arthritis treatment market are
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NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
