Knee Surgeries And Arthroplasty Pain Management Therapeutics Market

Global Knee Surgeries And Arthroplasty Pain Management Therapeutics Market Size (2024 to 2029)

The size of the global knee surgeries and arthroplasty pain management therapeutics market is expected to reach USD 5870 Million by 2029 from USD 4621 Million in 2024, registering a CAGR of 4.9% from 2024 to 2029.

MARKET DRIVERS

Y-o-Y rise in the prevalence of knee related complications worldwide majorly drive the global knee surgeries and arthroplasty pain management therapeutics market growth.

There has been an increased prevalence of Knee and Joint related complications which is a primary driving factor for the market, this can be directly attributed to a Sedimentary lifestyle and low intake of quality nutrition which has led to weaker joints that get even more affected by increasing obesity putting more pressure on the Knees and Joints, Incidentally, rough labor work also affects the Knee Surgeries And Arthroplasty Pain Management Therapeutics Market as continuous physical activities or injuries can cause osteoarthritis, which is one of the most common Knee complications. Approximately 790,000 total knee replacements are being performed annually in the U.S. alone, this number is estimated to keep rising during the forecast period.

The growing aging population worldwide further boosts global market growth.

It is noticed and well-researched that the elderly are more susceptible to Knee related complications, Europe region has the highest Aging population which propels the Market and increases the Market Size. In Asia, Japan has the highest elderly population, with 27% of its population being 65 or older. In the year 2014, the percentage was about 25.8%, which indicated that the aging population is increasing at a steady rate.

Technological advancements in knee surgeries and arthroplasty pain management therapeutics contribute to the global market growth.

Due to several technological advances and investments in research and development, better Pain management therapeutics are developed and available on the market. Arthroplasty can significantly improve a person’s life quality, Governments around the globe are trying to make healthcare more affordable and are heavily investing in the global Knee Surgeries And Arthroplasty Pain Management Therapeutics Market. Therefore, the increased prevalence of Knee and joint-related complications in the population is the primary market driver. Increased Geriatric population and Awareness due to government initiatives are expected to increase Market Growth.

MARKET RESTRAINTS

High Costs associated with knee surgeries and arthroplasty pain management therapeutics is a significant restraint to the global market growth.

Knee Surgeries can be very expensive, often requiring multiple surgeries and follow-up treatments with continuous medication, which can be a significant Market restraint for consumers. Additionally, the cost of Pain management medications can also be very high, and depending on the type of insurance policy there can be limited coverage, some of the medications can be difficult to procure depending on government regulations even with the cost factor included.

In addition, the side effects of the medications are further impeding the global market growth. The medications commonly used for pain management may have some unwanted side effects. For instance, Common side effects of Ketamine can include increased heart rate with Psychoactive impact and may cause anxiety and changes in the mood of the patients.  Opioids can cause respiratory complications and may be addictive if continuously taken other medications are known to affect the Liver and heart. These medications may not be suitable for people with pre-existing conditions, which is often the case with the elderly population, effectively reducing the Knee Surgeries And Arthroplasty Pain Management Therapeutics Market Size.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Knee Surgeries And Arthroplasty Pain Management Therapeutics Market Analysis By Drug

The opioids segment led the market and accounted for 40.8% of the share in the global knee surgeries and arthroplasty pain management therapeutics market in 2023. The domination of the opioids segment is primarily due to their highly effective and organic nature. Governments are trying to look for alternatives as Opioids can be very addictive and have psychotic effects on the users. COX-2 inhibitors are gaining significant shares in the market due to their ability to inhibit COX-2, which is the primary cause of inflammation and pain associated with Arthritis. 

Global Knee Surgeries And Arthroplasty Pain Management Therapeutics Market Analysis By Distribution Channel

The hospital pharmacies segment registered domination in the global knee surgeries and arthroplasty pain management therapeutics market in 2023. The growth of the hospital pharmacies is primarily driven by the increasing prevalence of the Knee related complications, the patients get a checkup and purchase medications directly.

On the other hand, the retail pharmacies segment is anticipated to showcase rapid growth during the forecast period due to OTC pain management medications.

REGIONAL ANALYSIS

The North American region dominates the knee surgeries and arthroplasty pain management therapeutics market worldwide. The lead of the North American region in the global market is majorly attributed to the high awareness and presence of the leading industries. North American countries such as the U.S. and Canada are leading in the R&D around knee surgeries and arthroplasty pain management therapeutics.

Europe ranked second in the order in the global knee surgeries and arthroplasty pain management therapeutics market to account for the leading share. The European market is likely to witness a prominent growth rate during the forecast period owing to the rapidly growing aging population in the European region, which has led to more cases of arthritis and other joint-related complications in the region.

Asia Pacific is the fastest growing regional segment in the worldwide market due to increased emphasis on the healthcare intrastate in the region by governments, Countries leading in the Knee Surgeries And Arthroplasty Pain Management Therapeutics Market are India, China, and Japan.

Latin America and the Middle East & Africa witness steep but steady growth during the forecast period due to economies developing and healthcare infrastructure. The market is expected to grow due to the rise in osteoarthritis in the regions.

KEY PLAYERS IN THE GLOBAL MARKET

Companies such as Pfizer Inc, Financial Overview, Market Strategies, Allay Therapeutics, Mallinckrodt, Johnson & Johnson, Zydus Cadila Healthcare Ltd., Novartis AG, Purdue Pharma, Delphis Pharmaceutical, Taj Pharmaceuticals Limited, GlaxoSmithKline plc and AbbVie Inc. are currently playing the dominating role in the global knee surgeries and arthroplasty pain management therapeutics market.

DETAILED SEGMENTATION OF THE GLOBAL KNEE SURGERIES AND ARTHROPLASTY PAIN MANAGEMENT THERAPEUTICS MARKET INCLUDED IN THIS REPORT.

This research report on the global knee surgeries and arthroplasty pain management therapeutics market has been segmented and sub-segmented based on the drug type, distribution channel and region.

By Drug

• Acetaminophen
• COX-2 inhibitor
• Opioids
• Non-steroidal Anti-inflammatories
• Ketamine

By Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies
• and Online Pharmacies

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa