Global $7+ Bn Viscosupplementation Market 2019-2026 - Key Contributors are Sanofi, Anika Therapeutics, Seikagaku, Zimmer, Bioventus, Ferring, Lifecore Biomedical, and LG Life Sciences

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Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global viscosupplementation market size is expected to reach USD 7.1 billion by 2026It is projected to expand at a CAGR of 9.11% during the forecast period. The market is expected to observe an exponential growth attributed to the increasing incidence of osteoarthritis, wounds, gingivitis, and ulcers coupled with growing geriatric population.Estimates published by the World Health Organization (WHO) suggest that the global population of the age group 65 years and above is anticipated to rise from 7% in 2000 to 16% in 2050. A consequence of this growth in geriatric population will be the rise in prevalence of obesity and osteoarthritis. Along with the growing preference for minimally invasive surgeries, a global increase in the target population is expected to significantly propel demand for viscosupplementations throughout the forecast period.

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Related Topics: Orthopedic Devices

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Globe Newswire: 15:12 GMT Friday 12th July 2019

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