What is the Viscosupplementation Devices Market Insights?

In addition, recent strategic commercialization activities among the key manufacturers in the region to expand and penetrate the viscosupplementation market also contribute to the growth of the Viscosupplementation Devices in the region. For instance, in May 2019, Lupin Limited and Aptissen S.A. entered into a definitive distribution agreement under which Aptissen has granted Lupin the exclusive rights to market, distribute, and sell the current Aptissen products in Canada. This includes immediate rights to distribute Synolis VA for the treatment of Osteoarthritis.

Further, the Asia-Pacific region has the future potential growth for the Global Viscosupplementation Devices. This is due to the rising geriatric population in the region. According to the Organisation for Economic Cooperation and Development (OECD), across lower-middle and low-income Asia-Pacific countries, the share of the population aged 80 years and over is expected to triple between 2020 and 2050.

Learn more about Viscosupplementation Devices Market Forecast

The rising old age population is more susceptible to musculoskeletal disorders such as arthritis, osteoarthritis, and others. Thus, the expanding aging population could contribute to the viscosupplementation market growth in the region. Furthermore, the presence of well-established market players such as Seikagaku Corporation, LG Chem., among others, and rising regulatory approval for viscosupplementation devices in the region, rising disposable income, improving healthcare facilities in the region are the factors expected to grow the market in the region.

Viscosupplementation Devices Market Companies

Some of the key market players operating in the Viscosupplementation Devices market include Anika Therapeutics, Inc., SEIKAGAKU CORPORATION, Sanofi, Zimmer Biomet, Smith & Nephew, Ferring B.V., Lifecore Biomedical, LLC, LG Chem, Fidia Farmaceutici S.p.A, OrthogenRx, Bioventus, DePuy Synthes (Johnson & Johnson), Vivacy, APTISSEN, KiOmed Pharma, BioPolymer GmbH & Co KG, ALBOMED® GmbH and others.

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