Musculoskeletal Medicine Market: Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2026

Musculoskeletal Medicine  Market
  • To Be Published : Feb-2021 |
  • Status : Work in progress |
  • Format : Musculoskeletal Medicine  Market Musculoskeletal Medicine  Market Musculoskeletal Medicine  Market Musculoskeletal Medicine  Market

Increasing Demand for Physical and Occupational Therapies Increases Opportunity for Healthcare Providers

Musculoskeletal medicine incorporates spinal column and musculoskeletal disorders associated with sports, occupational injuries and age-related dysfunction. Musculoskeletal medicine is the diagnosis and management of all acute and chronic conditions affecting musculoskeletal system, i.e., muscles, bones, tendons, joints and ligaments and treatment of non-surgical lesions of the musculoskeletal system. Conditions diagnosed by a musculoskeletal expert include soft tissues and muscular injuries, joint injuries, bone disorders, and arthritis and simple or complex pain conditions. Treatment other than medication may include acupuncture, physiotherapy, chiropractic care, therapeutic massage, structured rehabilitation programs and muscle stretching exercise. Musculoskeletal disorders are common problems distressing the senior population. A better understanding of musculoskeletal diseases may lead to the accomplishment of effective preventive measures, thus reducing public healthcare expenditure and improving the quality of life in the geriatric population. Technological advancements in orthopedic devices with increasing awareness among people may set for unprecedented demand for physical and occupational therapies and medicines and increase opportunities for healthcare suppliers and providers.

Increasing Prevalence of Chronic Musculoskeletal Disorder

The World Health Organization estimated that musculoskeletal diseases are the fifth large cause of deaths due to disability. Globally, one in four people report chronic musculoskeletal damages in both developed and developing countries. Musculoskeletal conditions are accountable for a major health problem in the Australian health system, affecting around 31% of the inhabitants, more than 6 million Australians. These conditions consume massive healthcare resources, representing almost 25% of the total cost of illness in the western countries. Musculoskeletal conditions are the most common reason of physical disability with severe long-term pain. Back pain, joint disorders, osteoarthritis, rheumatoid arthritis and osteoporosis contribute to musculoskeletal diseases, and it has been targeted as a national health priority area with a national action plan by the Department of Health and Ageing. Also, nowadays people are willing to devote time and money to educate themselves about treatment possibilities and generate a personalized care way that will assist them to reduce pain and sustain an active lifestyle.

Musculoskeletal Medicine Market Assessment by Drug Type

musculoskeletal medicine market

Factors Driving and Restraining the Musculoskeletal Medicine Market

The global musculoskeletal medicine market is majorly driven by the rise in geriatric population and also by increase in number of orthopedic physicians specialized in sports medicine, joint, hand and spine replacement. Increasing awareness among people regarding the disease and its treatment options and willingness to live longer are also factors contributing to the growth of the market. Similarly, providing advanced academic training to the healthcare professionals of musculoskeletal disorders, such as medical doctors, nurses, occupational therapists, physiotherapists and other allied healthcare professionals, community practitioners and researchers is expected to boost the demand for musculoskeletal medicine and therapies in the global market. Increasing prevalence of bone disorders and joint-related injuries is another factor driving the demand for musculoskeletal medicines across the globe.

However, the use of heavy-duty drugs in treating musculoskeletal pain is both inadequate and contradictory, strong data is needed to support clinical practice, which restricts the growth of the musculoskeletal medicine market in various regions.

Increasing Acceptance of Muscle Relaxants

Major portion of the market has been covered by muscle relaxants and analgesics segments, which include non-steroidal anti-inflammatory drugs (NSAIDs) and opioids. Analgesic are prescribed mostly in primary care when treating patients with a musculoskeletal condition. The prescribing pattern of analgesics may follow the WHO analgesic ladder of prescription as there is a limited use of strong analgesics at first session. However, additional research into the field of musculoskeletal pain is required to determine if these patterns of prescribing represent the optimal management ways while managing musculoskeletal conditions.

Musculoskeletal Medicine by Route of Administration

The doctors prescribe drugs along with topical therapy. The method of treating pain with topical therapy is disappearing and the prominence is on opioids, NSAIDs and acetaminophen. If the condition is cannot be controlled by drugs and topical agents, the physicians recommend for injection therapy.

Increasing Demand for Musculoskeletal Therapies and Medicines

Hospital pharmacies and retail pharmacies segments both pose strong position in the market due to increase in demand for musculoskeletal therapies and treatment. These distribution channels contribute significant portion of revenue share in the overall market. Further, the growing trend of routine examination would flourish the growth of musculoskeletal medicine globally.

Regional Market Outlook

North America will continue to dominate the global market due to availability of more number of hospitals and clinics. Europe is expected to hold second largest market share in global musculoskeletal medicine market due to growing awareness among individuals for chronic diseases.

Competition Outlook

Examples of some of the key players identified in the global musculoskeletal medicine market are as follows:

Small-Scale Manufacturers/Providers

Medium-Scale Manufacturers/Providers

Large-Scale Manufacturers/Providers

  • Actavis Elizabeth
  • Martec USA LLC
  • Acorda Therapeutics
  • Apotex Inc.
  • CorePharma, LLC
  • Sawai Pharmaceutical Co., Ltd
  • Endo International plc
  • Hikma Pharmaceuticals
  • Fresenius Kabi AG
  • Mylan N.V.
  • Teva Pharmaceutical Industries Ltd.
  • UCB S.A.
  • Novartis Pharmaceuticals Corp
  • Hoffmann la Roche Inc
  • Hospira Inc
  • Valeant Pharmaceuticals International, Inc
  • Dr. Reddy’s Laboratories Ltd.
  • Sun Pharmaceutical Industries Ltd.

Key Data Points Covered in Report

The report covers exhaustive analysis on:

  • Musculoskeletal Medicine Market by drug type, route of administration, distribution channel and region
  • Regional level market analysis of North America, Latin America, Europe, Asia Pacific, Middle East & Africa by drug type, route of administration, distribution channel and country
  • Musculoskeletal Medicine Market Dynamics & Opportunity Assessment
  • Historical Actual Market Size, 2013 - 2017
  • Musculoskeletal Medicine Market Size & Forecast 2018 - 2026
  • Musculoskeletal Medicine Agents Current Trends/Issues/Challenges
  • Competition & Companies involved

Report Highlights:

  • Shifting industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size, recent industry trends
  • Key competition landscape, market structure, regulatory scenario
  • Epidemiology outlook for diseases
  • Economical spending, regional healthcare outlook, consumer healthcare expenditure
  • Strategies for key players and product offerings, channel strategies, regional foot print, channel footprint
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance in terms of value

Market Segmentation

By Drug Type

  • Muscle Relaxants
  • Analgesics
  • Disease-modifying antirheumatic drugs (DMARDS)
  • Bisphosphonates
  • Others

By Route of Administration

  • Oral
  • Intravenous
  • Topical

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • China
  • Middle East & Africa

Research Methodology

The market sizing of musculoskeletal medicine will be done by the adoption data triangulation approach, which is primarily based on experimental techniques such as patient-level data to obtain precise market estimations and insights on drug classes and preferred modes of administration. Bottom-up approach is always used to obtain insightful data for the specific regions. The country-specific data is again analyzed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the disease epidemiology, diagnosis rate and treatment pattern, as per disease indications. Each piece of information is eventually analyzed during the entire research project, which builds a strong base for the primary research information.

Primary research participants include demand-side users such as key opinion leaders, physicians, surgeons, nursing managers, clinical specialists who provide valuable insights on trends and clinical application of the drugs, key treatment patterns, adoption rate, and compliance rate.

Quantitative and qualitative assessment of basic factors driving the demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analyzed in detail while forecasting, in order to project Year-on-Year growth rates. These Y-o-Y growth projections are checked and aligned as per industry/product lifecycle and further utilized to develop market numbers at a holistic level.

Call to Mitigate Musculoskeletal Ailments in the wake of Covid-19 to drive the Musculoskeletal Medicine Market

Musculoskeletal medicine market is driven by growing incidences of musculoskeletal disorders all across. Emerging economies will be the major end-users with benevolence increasing on the people’s part. Also, medicines capable of enhancing bone density are being called for, so as to rebuild lost bone. Plus, psoriatic arthritis hasn’t found proper treatment as yet. Musculoskeletal medicines are being tried out over here as well.

At the same time, dosage of heavy-duty drugs to treat musculoskeletal pain is not widely prescribed due to absence of proper data out of clinical practice. This factor is likely to restrain the market.

Covid-19 Impact

The outbreak of Covid-19 has increased the demand for musculoskeletal medicines, as those suffering from musculoskeletal diseases are likely of contracting Covid-19 more (Covid-19 is related to respiratory disorders and these disorders percolate down under muscle pain). The scenario is expected to continue post-Coovid-19 era as well, as people will prefer to be doubly sure about musculoskeletal medicines. So, musculature market will continue to grow unabated.

How about Region-wise?

North America leads the market and the status quo is slated to remain unchanged even during the forecast period. This could be reasoned with increasing intake of biologic drugs to treat several musculoskeletal diseases. New biologics are also being introduced. Europe comes out to be second seeded on these grounds. The Asia-Pacific and Latin America are the regions to watch out for between 2020 and 2030 as increasing awareness amongst the patients is likely to hold the hopes high herein.

Competitive Slingshot

The key players in the musculoskeletal medicine market include GlaxoSmithKline, Eupraxia Pharmaceuticals, Dong-A ST, Coherus Biosciences, Daiichi Sankyo, Chugai Pharmaceutical, Cerapedics, ChemoCentryx, Cellular Biomedicine, Celgene Corp., Celltrion, Can-Fite BioPharma, Boehringer Ingelheim, Edding Pharm, Bone Therapeutics, Bioiberica, Baxter, Biocad, AstraZeneca, Antares Medical Services, Astellas, Ampio Pharmaceuticals, Alder BioPharmaceuticals, Adheron, Akron Molecules, Ablynx, and AB Sciences.

Musculoskeletal Medicine Market

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