Osteoarthritis Treatment Market To Witness An Exuberance At The Rate Of 4.8% From 2025

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Osteoarthritis Treatment Market
Report Id PMRREP4458 Category Life Science
Healthcare
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Osteoarthritis Treatment Market To Witness An
Exuberance At The Rate Of 4.8 From 2025

• Persistence Market Research (PMR) has published a
  new research report on the osteoarthritis
  treatment market titled Osteoarthritis Treatment
  Market Global Industry Analysis (2012-2016) and
  Forecast (2017-2025). An alarming rise in the
  number of osteoarthritis cases is the result of a
  growing geriatric population worldwide. In order
  to cater to the needs of the rapidly increasing
  geriatric population as well as the female
  population given that osteoarthritis prevails
  mostly among these groups the manufacturers of
  osteoarthritis drugs are focusing on research and
  development to be able to develop better and
  reliable drugs.
• As this disease is not treatable, the market is
  an ever growing one. In this run, the leading
  companies are also collaborating with other big
  companies in order to use their formulas and
  production equipment.
• According to the report, the global
  osteoarthritis treatment market is expected to
  register a CAGR of 4.8 from 2017 to 2025. In
  2017, the market was valued at US 7,969.7 Mn and
  is expected to rise to a valuation of US
  11,618.6 Mn by the end of 2025.

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Growing Geriatric Population and Rising
Prevalence of Disease to Trigger Adoption
The prevalence of osteoarthritis is increasing
across the globe and it is the major cause of
disability, especially among the ageing
population. Women are more likely to be affected
than men and the prevalence rate progresses with
age. Increasing awareness regarding the risk
factors associated with osteoarthritis (such as
obesity) among the general population due to
government action plans to control the disease is
expected to boost the growth of the
osteoarthritis treatment market. However,
improvement in healthcare policies in various
countries such as the U.S. has resulted in
enhanced affordability for various diagnostic and
treatment services, which in turn has increased
the life expectancy of people. Other dynamics
such as the availability of alternative medicines
are expected to boost the growth of the market.
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