Tendonitis Treatment Market Top Impacting Factors That Could Escalate Market’s Rapid Growth in Future & Forecast to 2032
Rise in sports activities and occupational injuries, constant innovation of technologies, therapies to support tendonitis treatment therapies
VANCOUVER, BRITISH COLUMBIA, CANADA, June 28, 2024 /EINPresswire.com/ -- The global tendonitis treatment market size was USD 217.41 Billion in 2022 and is expected to register a revenue CAGR of 4.0% during the forecast period. The global tendonitis treatment market is experiencing significant growth, driven by a combination of rising sports activities, occupational injuries, and continuous advancements in therapeutic technologies. According to recent market research, these factors are expected to propel the market forward, offering new avenues for treatment and recovery.
A key driver behind the market's expansion is the increasing prevalence of bone disorders among the aging population, including osteoarthritis and rheumatoid arthritis. Statistics from the Centers for Disease Control and Prevention highlight a substantial portion of the U.S. population diagnosed with arthritis, underscoring the growing demand for effective tendonitis treatments.
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Sports-related injuries, a common cause of tendonitis, are also contributing to market growth, particularly among younger demographics and athletes. The global trend towards healthier lifestyles and increased physical activity is further augmenting this demand, as more individuals engage in sports that can lead to tendon injuries.
Furthermore, the market is seeing a rapid influx of innovative products aimed at enhancing treatment outcomes and patient comfort. These advancements are expected to bolster market revenue as they cater to diverse patient needs and preferences.
However, despite these positive trends, the market faces challenges such as limited awareness about tendonitis and its treatment options. This lack of understanding often results in delayed diagnosis and underreporting of symptoms, impacting both patients and healthcare providers.
Segment-wise, Achilles tendonitis dominates the market, reflecting its prevalence among individuals participating in intermittent physical activities like weekend sports. Golfer's elbow is also poised for rapid growth, driven by increasing cases of lateral and medial elbow tendinopathy, particularly among individuals aged 40 to 60.
In terms of treatments, therapy holds the largest market share, favored for its non-invasive nature and effectiveness in managing tendonitis symptoms. Therapeutic approaches include rest, targeted exercises, and modalities like cold or heat therapy, designed to alleviate pain and inflammation while promoting recovery.
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Tendonitis Treatment Top Companies and Competitive Landscape
The global tendonitis treatment market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective tendonitis treatment solutions.
Some major players included in the global tendonitis treatment market report are:
Pfizer Inc.
Bayer AG
Almatica Pharma, Inc
Teva Pharmaceuticals Industries
GlaxoSmithKline, PLC
AstraZeneca
Boehringer Ingelheim Pharmaceuticals, Inc
Abbott
Merck & Co. Inc
Tynor India
Tendonitis Treatment Latest Industry News
In November 2022, Camber Pharmaceuticals expanded its product portfolio with the inclusion of Naproxen Oral Suspension, which is indicated for treating the signs and symptoms of tendonitis.
In May 2022, CoNextions Inc., a tendon repair developer, stated that the first patient was treated with the CoNextions TR Tendon Repair System in a zone 2 flexor tendon in the little finger only nineteen days following FDA 510(k) permission to commercialize the device.
In July 2021, InGeneron, Inc., a clinical-stage regenerative medicine and cell therapy organization, released the first- in-human comprehensive immunohistochemically assessment of adult soft tissue repairs following local injection of fresh, undeveloped, unmodified, autologous, adipose-derived regenerative cells.
In Dec 2021, Delsson, a Singapore-based engineering firm, collaborated with 3D printing experts from Nanyang Technological University (NTU) to develop the X-Brace, which is nearly 30% lighter than traditional exoskeleton knee braces.
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Tendonitis Treatment Market Segment Analysis
For the purpose of this report, Emergen Research has segmented global tendonitis treatment market on the basis of condition, treatment, and region:
Condition Outlook (Revenue, USD Billion; 2019-2032)
Achilles tendonitis
Supraspinatus tendonitis
Tennis elbow
Other conditions
Treatment Outlook (Revenue, USD Billion; 2019-2032)
Surgery
Therapy
Other treatments
Regional Outlook (Revenue, USD Billion; 2019–2032)
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of MEA
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