The avascular necrosis market is set to expand at 6.58% CAGR during 2018 to 2024. The demand for avascular necrosis treatment has witnessed a healthy uptick in recent years.
Avascular Necrosis Market Overview
Avascular necrosis (AVN) occurs when bone tissue begins to die due to a lack of sufficient supply of blood. The condition is often caused by joint or bone trauma, long-term steroid use or alcohol abuse. Market Research Future has released a report on the global avascular necrosis market which reveals that the global market is expected to grow at a CAGR 6.58% during the forecast period from 2018 to 2024.
The disease has been observed to commonly affect men between the ages of 30 to 50 years and has been particularly high in occurrence in emerging economies. Surgery is an inevitable part of avascular necrosis, and medication is required to treat the condition, thus driving the global avascular necrosis market. Moreover, this factor is also driving the demand for minimally invasive treatment options. Notably, avascular necrosis or osteonecrosis is a challenging condition to diagnose and can often be overlooked until it has approached a later stage, and no known cure exists. This factor has driven RD activities on the part of market players with a focus on drug discovery.
Medical implants are restricted by stringent regulations which are aimed at improvement of quality, this has adversely affected the cost of surgery and restrains the global avascular necrosis market. Moreover, there is a shortage of skilled orthopedic surgeons which further challenges the market. However, due to the high demand for non-surgical treatment, drug development activities are expected to reveal opportunities in the coming years.
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Market Segmentation
MRFR's detailed report includes segmentation of the global avascular necrosis market on the basis of type, site, diagnosis, treatment, end-user, and region. Types of avascular necrosis recorded in the report include trauma-related avascular necrosis and non-trauma related avascular necrosis. Between these, non-trauma related AVN accounts for a larger share of the market due to increasing cases of alcoholism and illegal steroid use. Avascular necrosis can occur largely in the hip bone, knee, shoulder, and others. Hip bones have been observed to have the largest share of the market.
By diagnosis, the market is divided between imaging and biopsy; the former is a more preferred form of diagnosis as it is minimally invasive, and is vital is early diagnoses of the disease. Treatment of avascular necrosis includes electrical stimulation, medication, gene therapy, and surgery. Surgery accounts for the leading segment as it is the only method of treatment which provides long-term relief. However, gene therapy is an up and coming treatment option which is expected to witness rapid growth. By end-users, the market is segmented into hospitals clinics, ambulatory surgical centers, and diagnostic centers.
Regional Analysis
The Americas is the leading regional segment for avascular necrosis primarily due to the concentration of market players in the region. The affinity toward adoption of technically advanced medical treatments and practices have propelled the regional market into a leadership position with the U.S and Canada being key country-level markets. The Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing prevalence of the disease in the emerging economies present in the region. Manufacturing of medical devices is increasingly shifting to countries such as China and India due to cheap labor costs and the low investments necessary toward the set-up of infrastructure.
Key Players
Market players that have significantly impacted the global avascular necrosis market have been recorded in the report and include Integra LifeSciences Corporation, Bayer AG, Eli Lilly and Company, Bristol-Myers Squibb, Medtronic Plc, Merck KGaA, Sanofi, Zimmer Biomet Holdings, Pfizer Inc, Boehringer Ingelheim.
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Global Avascular Necrosis Market Research Report By Type (Trauma Related Avascular Necrosis (AVN) and Non-Trauma Related Avascular Necrosis (AVN), By Site (Hip Bone, Knee, Shoulder and Other), By Diagnosis(Imaging, Biopsy, Total, CT Scan, PET and X-Ray), By Treatment (Medication, Electrical Stimulation, Gene Therapy and Surgery), By End User(Hospitals & Clinics, Diagnostic Centers and Ambulatory Surgical Centers), By Region – Forecast to 2027.Avascular necrosis (AVN) is a common cause of musculoskeletal disability and has placed itself as a foremost challenge both therapeutically and diagnostically in recent years.
The avascular necrosis market globally is motivated by the growing occurrence of bone diseases such as osteoarthritis and osteoporosis together with the mounting cases of alcohol abuse and steroids, and implementation of the medication over surgery by the patients.
However, strict regulatory requirements and lack of awareness in a majority of the population may curb the progress of the market in the forecast period.On the other hand, the rising levels of awareness of the medical condition of avascular necrosis among physicians and patients in these countries is an evident growth promoter of the market.
These drugs might control the symptoms of the disease but are not yet capable of providing far-reaching cure to the condition.
Though, the original Advanced Therapy Medicinal Products (ATMPs) are projected to boost the market.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6131Segmental AnalysisThe segments on the basis of type, site, diagnosis, treatment, end-user, and region are used for the segmentation of the avascular necrosis market globally.
The non-trauma related avascular necrosis segment presently is credited for the major market share and is expected to continue to be extremely productive throughout the assessment period.
More simplistic tasks like walking, climbing stairs cause discomfort to the person.
It’s a rare cause that causes knee pain.Here Are the Causes of the Knee PainLigament Injuries in Knee: Bones and cartilage are joined through ligaments.
The swelling and the person's inability to put on weight on the knees make life miserable.
The thighbone, shinbone, and kneecap end are covered with a slippery substance that helps to bend the knee.
In older persons, it causes degeneration where the knee starts getting thinner and weaker.
Otherwise, for mild injuries, physiotherapy and certain medications are helpful.
