The 7 major tendinopathy markets reached a value of US$ 11.3 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 14.7 Billion by 2034, exhibiting a growth rate (CAGR) of 2.35% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 11.3 Billion |
Market Forecast in 2034
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US$ 14.7 Billion |
Market Growth Rate (2024-2034)
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2.35% |
The tendinopathy market has been comprehensively analyzed in IMARC's new report titled "Tendinopathy Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Tendinopathy refers to a group of conditions characterized by damage, degeneration, or inflammation of tendons, which are thick, fibrous cords that connect muscles to bones. The disease can affect any tendon in the body, but it commonly occurs in the shoulders, elbows, wrists, knees, hips, and ankles. The most common symptoms of this illness include pain, impaired function, tenderness, swelling, stiffness, reduced range of motion, etc. The pain associated with the ailment typically worsens with movement or activity involving the affected tendon. The diagnosis of this disorder relies on a detailed medical history, including information about symptoms, onset, and aggravating factors. A physical examination may be conducted to assess the afflicted region for any signs of inflammation or localized tenderness. The healthcare provider may further perform various diagnostic procedures, such as X-rays, magnetic resonance imaging, ultrasounds, etc., to evaluate real-time images of the tendons. In some cases, blood workups may be required to check for markers of inflammation, like C-reactive protein and erythrocyte sedimentation rate, to confirm a diagnosis among patients.
The increasing cases of biomechanical imbalances on account of improper training techniques during sports, poor posture, structural abnormalities, etc., are primarily driving the tendinopathy market. In addition to this, the rising incidences of various associated risk factors, such as trauma, injury, advancing age, certain systemic diseases, etc., are also creating a positive outlook for the market. Moreover, the widespread adoption of nonsteroidal anti-inflammatory drugs, including ibuprofen and naproxen, that help to reduce pain and inflammation in individuals suffering from tendinopathy is further bolstering the market growth. Apart from this, the escalating utilization of platelet-rich plasma therapy, which involves injecting a concentrated solution of the patient's own platelets into the affected tendon to promote tissue healing, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of orthotic devices, such as braces, splints, shoe inserts, etc., since they can provide support and relieve stress, is also augmenting the market growth. Furthermore, the inflating demand for extracorporeal shockwave therapy that aids in stimulating blood flow and enhancing tissue regeneration is expected to drive the tendinopathy market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the tendinopathy 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 tendinopathy 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 tendinopathy 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 tendinopathy marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Tendinopathy: Current Treatment Scenario, Marketed Drugs and Emerging Therapies