USD 2.00 billion
Swollen Knee Treatment Market Size, Share, Growth Analysis, By Type(Medications (Opioids, Corticosteroids, Others), Patient-controlled Analgesia Pumps), By End User(Hospitals, Designated Clinics, Ambulatory Surgical Centers, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2820 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|Tables:
91
|Figures:
71
Swollen Knee Treatment Market Insights
Swollen Knee Treatment Market size was valued at USD 2.00 billion in 2022 and is poised to grow from USD 2.09 billion in 2023 to USD 2.97 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
The swollen knee treatment market may face challenges in its growth trajectory due to a discernible shift towards the adoption of non-surgical healthcare approaches. This trend encompasses a preference for therapeutic and propaedeutic procedures over traditional surgical interventions, reflecting a growing inclination towards minimally invasive and non-invasive treatment options.
The increasing awareness of potential side effects and complications associated with surgical replacements, such as knee arthroplasty, contributes to this paradigm shift in patient preferences. Individuals are now more informed about the risks involved in surgical procedures and are seeking alternative methods that offer comparable efficacy with reduced invasiveness and shorter recovery times.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Medications
Fastest Growth
Medications
Growth Rate
4.5% CAGR
Swollen Knee Treatment Market ($ Bn)
Country Share for North America Region (%)
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Swollen Knee Treatment Market Segmental Analysis
The swollen knee treatment market is segmented based on type, end user, and region. Based on type, the market is segmented into Medications (Opioids, Corticosteroids, Others), Patient-controlled Analgesia Pumps, Nerve Blocks, Liposomal Bupivacaine, Surgery (Arthrocentesis, Arthroscopy, Knee Replacement). Based on end user, the market is segmented into hospitals, designated clinics, ambulatory surgical centers, and others. Based on region, the swollen knee treatment market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Analysis by Type
The medications segment is poised for rapid growth, with a projected CAGR anticipated during the forecast period spanning from 2024 to 2031. The surge in this segment is attributable to the multifaceted advantages offered by medications in addressing a diverse range of health concerns. Medications play a pivotal role in providing tangible benefits, including pain relief, blood sugar control for diabetes management, reduction of blood pressure levels, and effective treatment for various infections.
The nerve blocks segment plays a crucial role in the swollen knee treatment market by offering a specialized approach to pain management during and after the surgical procedure. Nerve blocks involve the administration of local anesthetics around specific nerves, temporarily blocking the sensation of pain in the targeted area. In knee replacement surgeries, nerve blocks are commonly utilized to provide effective pain relief, reducing the need for general anesthesia and minimizing postoperative discomfort. This segment's significance lies in its ability to enhance patient comfort and facilitate smoother recovery by mitigating pain signals from the surgical site.
Swollen Knee Treatment Market By Type
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Swollen Knee Treatment Market Regional Insights
The market is expected to be dominated by North America, primarily attributed to several key factors driving the region's prominence in this healthcare segment. The rising geriatric population in North America, coupled with a robust healthcare infrastructure, positions the region at the forefront of knee replacement treatments. The prevalence of knee-related issues tends to increase with age, making the aging demographic a significant contributor to the demand for knee replacement procedures.
Asia Pacific is poised for rapid market growth, driven by several key factors that contribute to the evolving healthcare landscape. The region's significant and rising aging population is a primary catalyst, as the prevalence of health-related conditions increases with age, necessitating expanded healthcare services and solutions.
Swollen Knee Treatment Market By Region
- Largest
- Fastest
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Swollen Knee Treatment Market Dynamics
Drivers
Increasing Healthcare Spending
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The rising healthcare spending in the market presents significant opportunities for advancing access, innovation, and infrastructure within the field of neurological care. Increased financial allocations offer the potential for enhanced healthcare services, cutting-edge technologies, and improved medical infrastructure. However, to fully capitalize on this potential, it is imperative to address challenges such as unequal distribution, ethical concerns, and financial sustainability. An equitable and well-thought-out distribution strategy is essential to ensure that the benefits of increased spending reach all segments of the population, reducing disparities in access to neurological care.
Restraints
High Treatment Costs
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Certain advanced treatment options, notably knee replacement surgery, can pose financial challenges that limit accessibility for patients with financial constraints. The costs associated with knee replacement surgery encompass various components, including pre-operative assessments, surgical procedures, post-operative care, and rehabilitation. These cumulative expenses may present a barrier to individuals with limited financial means, restricting their access to this beneficial medical intervention. The financial constraints associated with advanced treatments such as knee replacement surgery highlight the importance of addressing healthcare disparities and ensuring equitable access to medical care.
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Swollen Knee Treatment Market Competitive Landscape
The competitive environment of the Swollen Knee Treatment market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Pfizer Inc. (United States)
- Johnson & Johnson (United States)
- Novartis AG (Switzerland)
- GlaxoSmithKline plc (United Kingdom)
- Merck & Co., Inc. (United States)
- Bayer AG (Germany)
- Sanofi (France)
- Eli Lilly and Company (United States)
- Abbott Laboratories (United States)
- AstraZeneca plc (United Kingdom)
- Bristol-Myers Squibb Company (United States)
- Boehringer Ingelheim GmbH (Germany)
- AbbVie Inc. (United States)
- Amgen Inc. (United States)
- F. Hoffmann-La Roche AG (Switzerland)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Mylan N.V. (United States)
- Novo Nordisk A/S (Denmark)
- Allergan plc (United States)
- Takeda Pharmaceutical Company Limited (Japan)
Recent Developments
- In January 2024, Exciting news emerges for patients undergoing total knee arthroplasty (TKA) as a recent clinical trial, featured in The Journal of Bone & Joint Surgery, reveals promising results associated with diosmin, a flavonoid supplement derived from citrus fruits. The trial, conducted in partnership with Wolters Kluwer and published in the Lippincott portfolio, demonstrates that treatment with diosmin leads to notable reductions in knee and leg swelling, along with improvements in certain pain-related measures. These findings offer a potential avenue for enhancing post-operative outcomes and managing discomfort in individuals undergoing TKA, providing hope for improved recovery and quality of life.
- In January 2023, a groundbreaking discovery emerged from collaborative research between scientists in the United States and Japan, shedding light on a novel mechanism connecting the stiffening of cartilage tissue with the suppression of a vital protein linked to longevity. This breakthrough, detailed in a recent study published on January 10th in Nature Communications, deepens our comprehension of the processes underlying joint degeneration, a primary driver of osteoarthritis. The study's authors highlight the significance of these findings in unraveling the intricate mechanisms contributing to age-related joint deterioration, offering potential avenues for innovative therapeutic interventions in the fight against osteoarthritis.
Swollen Knee Treatment Key Market Trends
- The ongoing progress in medical device technology, particularly in the realm of knee-related solutions, presents significant opportunities for innovative treatment approaches aimed at addressing various orthopedic conditions. Advancements in knee braces, supports, and orthotic implants have ushered in a new era of treatment solutions characterized by enhanced patient comfort and improved outcomes. These innovative devices are designed to provide targeted support, stability, and alignment for individuals dealing with knee-related issues, ranging from injuries to chronic conditions. The continuous evolution of these medical devices contributes to the diversification of treatment options, allowing healthcare professionals to tailor interventions based on individual patient needs.
Swollen Knee Treatment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The increasing global geriatric population is expected to be a key driver for the growth of the inflammatory knee treatment market. As the aging population increases, there is a corresponding increase in signs of age, including obesity, arthritis, diabetes and sports accidents. The prevalence of these conditions contribute significantly to inflamed knees, requiring effective medical solutions and increasing cases are expected to increase the demand for treatment of swollen knees.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.00 billion |
| Market size value in 2031 | USD 2.97 billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Swollen Knee Treatment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Swollen Knee Treatment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Swollen Knee Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Swollen Knee Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Swollen Knee Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Swollen Knee Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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