PUBLISHER: Allied Market Research | PRODUCT CODE: 1298406
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298406
The musculoskeletal disorders drugs market valued for $83,474.24 million in 2022 and is estimated to reach $126,030.22 million by 2032, exhibiting a CAGR of 4.2% from 2023 to 2032.
Musculoskeletal disorders (MSDs) affect the muscles, bones, and joints. These disorders cause pain, stiffness, and swelling in various parts of the body and they affect an ability of a person to perform daily activities. The symptoms of musculoskeletal disorders include stiff joints, swelling, and dull aches. These disorders may be caused by a variety of factors including repetitive motions, awkward postures, prolonged sitting or standing. MSDs affect people of all ages, but they are more common among the elderly and those who engage in physical activities that have stress on the musculoskeletal system, such as athletes and manual laborers. Some of the most common musculoskeletal disorders include rheumatoid arthritis, osteoporosis, osteoarthritis, and fibromyalgia.
Musculoskeletal disorders drugs are a class of medications that are used to treat conditions affecting the muscles, bones, joints of body. These drugs help to alleviate pain, inflammation, and stiffness associated with musculoskeletal disorders such as rheumatoid arthritis, osteoporosis, and fibromyalgia. There are several types of musculoskeletal drugs including analgesics, corticosteroids, disease modifying anti rheumatic drugs, and corticosteroids.
Increase in prevalence of musculoskeletal disorders such as rheumatoid arthritis osteoporosis, and ankylosing spondylitis, and surge in awareness toward availability of treatment for musculoskeletal disorders are the factors that contribute towards the growth of the market. Changes in lifestyle, such as longer working hours and increased physical activity, have resulted in a higher incidence of musculoskeletal disorders. This is anticipated to increase the demand for drugs that can effectively manage these conditions. For instance, according to Australian Institute of Health and Welfare, in 2020, it was reported that 3 in 5 individuals diagnosed with osteoarthritis. In addition, rise in geriatric population as they are more susceptible to musculoskeletal disorders, which resulted in a higher demand for drugs to manage these conditions and further drive the market growth. However, lack of access to treatment in underdeveloped countries, is expected to hamper the market growth.
Moreover, the development of new drugs for musculoskeletal disorders, including biologics and biosimilars, has improved the efficacy and safety of treatment options. This led to an increase in the demand for these drugs. In addition, increase in awareness of musculoskeletal disorders among population, which led to more patients seeking medical attention and treatment for these conditions which supports the market growth.
The global musculoskeletal disorders drugs market is segmented into drug type, route of administration, distribution channel, and region. On the basis of drug type, the market is categorized into analgesics, DMARDs, corticosteroids, and others. On the basis of route of administration, the market is bifurcated into oral, and parenteral. On the basis of distribution channel, the market is classified into hospital pharmacies, online providers, and drug stores & retail pharmacies. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
Major key players that operate in the global musculoskeletal disorders drugs market are: AbbVie Inc., Amgen Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Merck & Co., Inc., Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd. and UCB S.A. Key players operating in the market have adopted product launch, and product approval as their key strategies to expand their product portfolio. For instance, in June 2022, Amgen announced that the U.S. Food and Drug Administration (FDA) has approved RIABNI (rituximab-arrx), a biosimilar to Rituxan, in combination with methotrexate for adults with moderate to severely active rheumatoid arthritis.