The Generic Musculoskeletal Disorders Drugs by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Generic Musculoskeletal Disorders Drugs, The generic musculoskeletal disorders drugs market size has grown strongly in recent years. It will grow from $0.06 billion in 2023 to $0.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to incidence of musculoskeletal disorders, regulatory environment, healthcare infrastructure development, patient awareness and education, economic factors.
The generic musculoskeletal disorders drugs market size is expected to see strong growth in the next few years. It will grow to $0.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to population growth and aging, emerging markets, precision medicine and personalized therapies, healthcare reforms, global health trends. Major trends in the forecast period include technological integration in treatment, government initiatives and healthcare policies, focus on pain management alternatives, increased adoption of biosimilars, advancements in generic drug development.
The high prevalence of arthritis is expected to propel the growth of the generic musculoskeletal disorders drugs market going forward. Arthritis refers to the tenderness and swelling of joints along with the symptoms including joint pain and stiffness. Generic musculoskeletal disorders drugs help to relieve pain and stiffness in muscles and can treat muscle spasms in arthritis patients. For instance, according to the Centers for Disease Control and Prevention, a US-based government agency, by 2040, 78.4 million adults aged 18 years and older (25.9% of the total adult population) are expected to have doctor-diagnosed arthritis. Therefore, the high prevalence of arthritis is driving the growth of the generic musculoskeletal disorders drugs market.
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The generic musculoskeletal disorders drugs market covered in this report is segmented –
1) By Treatment Type: Medication, Therapy, Surgery, Other Treatment Types
2) By Disorder Type: Osteoarthritis, Rheumatoid Arthritis, Spondylarthritis, Juvenile Idiopathic Arthritis, Psoriatic Arthritis, Fibromyalgia, Other Disorder Types
3) By Route of Administration: Oral, Parenteral, Other Routes
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Drug Store, Online Pharmacy
Top Major Players:
Asia-Pacific was the largest region in the generic musculoskeletal disorders drugs market in 2023.
Strategic partnerships are a key trend gaining popularity in the generic musculoskeletal disorders drugs market. Many companies operating in the generic musculoskeletal disorders drugs market are undergoing partnerships to strengthen their position in the market. For instance, in July 2022, Mitsubishi Tanabe Pharma Corporation, a Japan-based pharmaceutical company partnered with Eli Lilly and Company. Eli Lilly and Company is a US-based pharmaceutical company. This partnership enables both businesses to broaden their product lines and deliver patients effective treatments for conditions such as diabetes and other illnesses. Further, in February 2022, Pfizer Inc., a US-based pharmaceutical and biotechnology corporation, partnered with Alex Therapeutics, a Sweden-based digital therapeutics company. This new strategic business relationship offers patients evidence-based, clinically verified, and tailored digital therapeutics.
The generic musculoskeletal disorders drugs market report table of contents includes:
1. Executive Summary
2. Generic Musculoskeletal Disorders Drugs Market Characteristics
3. Global Generic Musculoskeletal Disorders Drugs Market Trends And Strategies
4. Generic Musculoskeletal Disorders Drugs Market – Macro Economic Scenario
5. Global Generic Musculoskeletal Disorders Drugs Market Size and Growth
…….
26. Global Generic Musculoskeletal Disorders Drugs Market Competitive Benchmarking
27. Global Generic Musculoskeletal Disorders Drugs Market Competitive Dashboard
28. Key Mergers and Acquisitions In Generic Musculoskeletal Disorders Drugs Market
29. Generic Musculoskeletal Disorders Drugs Market Future Outlook and Potential Analysis
30. Appendix
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