Osteoarthritis market value to triple by 2024 from 2014 level, says report
The osteoarthritis market across the world’s seven major pharma markets will be worth nearly $10.5 billion by 2024, predicts research and consulting firm GlobalData.
In the company’s report on this treatment area, it is predicted that radical changes in this space will lead to its value tripling by 2024 compared to the 2014 level of $3.25 billion in the USA, France, Germany, Italy, Spain, the UK, and Japan.
That represents a compound annual growth rate of 17.8%, a rise that the report forecasts will be brought about by the launch of new biologics priced at a substantial premium to small-molecule therapies, and the arrival of drugs with novel mechanisms of action (MOAs) and disease-modifying effects.
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