Increased pressure on the knees duet o rigorous activities is increasing the detection of knee bursitis cases. Moreover, the increased availability of treatment options is expected to enhance market development in the forecast period. Also, an increased presence of risk factors that cause knee bursitis is expected to increase the development of the market in the forecast period.
The increased incidence of bone-related diseases like knee bursitis is gaining momentum at present. Reports that appraise the pharmaceutical industry have been presented by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The market is anticipated to tap into a CAGR of 7.1% in the upcoming forecast period.
Detailed Regional Analysis
The regional assessment of the knee bursitis market states that the Americas region accounted for a key share of the market due to the incidence of a huge population of patients suffering from bone-related problems or joint pains, high healthcare spending, sophisticated technology, and the incidence of the leading players. Furthermore, the rising government backing for the expansion of the advanced devices and sophisticated healthcare sector has improved the growth of the knee bursitis market in the Americas region.
The European region is responsible for the next largest market for knee bursitis, which is trailed by the Asia Pacific region. The growing prevalence of knee bursitis, diabetes, and increased healthcare spending are the key driving factors that have increased market growth.
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The Middle East and Africa region holds the minimum share of the market due to the incidence of poor and slow developing nations, particularly in the African region. The key driving factors for the development of the Middle East & African region in the knee bursitis market are growing aging population and the rising number of diabetic patients.
The prominent competitors in the knee bursitis market are Pfizer Inc, Amgen Inc, AVEO Pharmaceuticals Inc, Merrimack Pharmaceuticals Inc, Bayer AG, Bellicum Pharmaceuticals Inc, Novartis AG, MediaPharma srl, Merck & Co., Inc, Oncolys BioPharma Inc, United Therapeutics Corp, and others.
The segment analysis of the knee bursitis market has been carried out on the basis of treatment, diagnosis, region, and end users. Based on the diagnosis, the knee bursitis market is segmented into imaging tests and others. The imaging tests segment is further segmented into MRI, X-ray, ultrasound, and others.
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On the basis of treatment, the knee bursitis market is segmented into surgery, medication, therapy, and others. The medication segment is sub-segmented into antibiotic treatment and others. The others segment consists of corticosteroid injection and others.
Based on the end users, the knee bursitis market is segmented into diagnostic centers, hospitals & clinics, research centers, academic institutes, and others. On the basis of regions, the market is segmented into the Middle East, The Americas, Europe, and the Asia Pacific.
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