The 7 major avascular necrosis markets reached a value of US$ 465.0 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 763.3 Million by 2034, exhibiting a growth rate (CAGR) of 4.61% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year |
2023
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Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 465.0 Million |
Market Forecast in 2034
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US$ 763.3 Million |
Market Growth Rate (2024-2034)
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4.61% |
The avascular necrosis market has been comprehensively analyzed in IMARC's new report titled "Avascular Necrosis Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Avascular necrosis, also called osteonecrosis, refers to a painful condition that results from a lack of blood supply to the bone. This causes the bone tissue to die, affecting a person's ability to move. Avascular necrosis most commonly affects the hip but can damage any joint bone tissue, such as ankles, jaw, knees, upper arm (humerus), and shoulders. The most prominent symptom of this ailment includes intermittent pain that arises when pressure is applied to the affected bone or while lying down. Individuals suffering from the disease may also experience stiff joints, limited range of motion, limping (if the hips or knees are affected), difficulty climbing stairs, walking, or standing, etc. The diagnosis of avascular necrosis usually depends on the patient's medical history, clinical features, and physical examination. The healthcare provider may perform specific diagnostic procedures, such as X-rays, bone scans, magnetic resonance imaging (MRI), computerized tomography (CT) scan, etc., to detect the cause of underlying indications.
The increasing cases of bone injuries, including broken bones and dislocated hips that can damage nearby blood vessels and interrupt the blood supply, are primarily driving the avascular necrosis market. Apart from this, the rising prevalence of several associated risk factors, such as joint or bone trauma, prolonged use of steroids, excessive alcohol consumption, smoking, etc., is also augmenting the market growth. Furthermore, the widespread adoption of nonsteroidal anti-inflammatory drugs (NSAIDs), like ibuprofen and naproxen sodium, to ease pain and improve patient well-being is creating a positive outlook for the market. Besides this, the escalating utilization of the core decompression technique, which involves surgical drilling into the region of dead bone around the joint to reduce pressure, enhance blood flow, and prevent further joint destruction, is also bolstering the market growth. Moreover, numerous pharmaceutical companies are investing in research initiatives for the development of highly potent, easier-to-administer, and economically viable painkillers. This, in turn, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of bone marrow aspirate concentration therapy, in which stem cells from the bone marrow are inserted into the affected part to grow new bone and improve function scores, is expected to drive the avascular necrosis market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the avascular necrosis market in the United States, EU4 (Germany, Spain, Italy, and France), United Kingdom, and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report, the United States has the largest patient pool for avascular necrosis and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario, unmet medical needs, etc., have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the avascular necrosis market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current avascular necrosis marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Avascular Necrosis: Current Treatment Scenario, Marketed Drugs and Emerging Therapies