Musculoskeletal system disorders are quite common nowadays and people, irrespective of their income levels, face this disorder. Musculoskeletal disorders are injuries related to muscles, nerves, joints, tendons, ligaments, cartilage, and spinal discs. Even incidents like falls, sports injuries, or accidents that occurred due to vehicles also come under this category as these injuries also lead to severe pain. This cannot be solved in a short time and requires longtime care. The increase in the geriatric population, change in lifestyle habits, stressful life – both personal and professional and increase in awareness related to the disorder and its medication are some factors that boost the musculoskeletal system disorders market. Even though research in search of a complete cure for this disorder is implemented, people search for alternative medications like traditional or physiotherapy as a cure for their disorder. The reason may be the high cost of treatment. Such factors act as a break in the musculoskeletal system disorders market growth. Like all other markets, even the musculoskeletal system disorders market was affected during the pandemic situation COVID’19. The strict imposition of lockdown by respective governments restricted people to visit the hospitals as the main focus was on treating COVID’19 patients. Now, the situation is coming under control; there is a chance of growth in the market.
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The musculoskeletal system disorders market can be segmented on type, treatment, end-user, and geography. According to the type category, the market can be divided into rheumatoid arthritis, osteoporosis, ankylosing spondylitis, psoriatic arthritis, etc. The market can be divided into biologics, corticosteroids, physical therapy, protein therapy, synthetic bone graft, extracorporeal shock wave therapy, composite grafts, demineralized bone matrix according to the treatment category and other alternative treatment methods. The segments like hospitals, clinics, ambulatory surgical centres, and other home care centers specially meant for senior citizens come under the end-user category. The geography category is further divided into North America, Europe, Asia-Pacific, and the rest.
When the global analysis regarding superiority or dominance in the market is done, it is found that the North America segment contributes the maximum to the market growth followed by Europe in the geography category. The Asia-Pacific segment may compete in the coming years due to its growth in the regional market. According to the end-user category, the hospital segment has the largest share in the market, while the biologics segment dominates the market in the treatment category. When the type category is analyzed, rheumatoid arthritis has the largest share in the market as women worldwide are affected more by this disorder when compared to men.
The global analysis of the musculoskeletal system disorders market states that the market is expected to reach 5.73 billion USD by the end of 2025 at a CAGR of 5.3%. The increase in the number of musculoskeletal system disorder cases worldwide is the main reason for musculoskeletal system disorders market growth. The reimbursement policies made by the insurance provider companies have eased the process of getting medical expenses reimbursed, which further leads to the rise in the market. Even though musculoskeletal system disorder is not completely curable, the research should not be stopped, and suitable drugs should be developed to give a complete solution to the patient suffering from the disorder. A focus on methods of reducing treatment costs also will drive the market.
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