The
musculoskeletal system drugs market comprises companies that discover, develop,
manufacture and distribute medications used in the treatment of musculoskeletal
diseases. Musculoskeletal diseases include arthritis, osteoporosis,
osteomalacia, carpal tunnel syndrome, tendonitis, rotator cuff tear, muscular
dystrophy, myasthenia gravis, lupus erythematosus and others. Some of the major
drugs in the market include Piroxicam Glaxo, Dolonex, Felden, and Piroxicam
Pfizer.
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The
substantial reason for the growth of the musculoskeletal system drugs market
from $130 billion in 2017 to $177 billion in 2021. This can be attributed to
the expected increase in healthcare awareness, number of surgical operations
and prevalence of musculoskeletal disorders such as fibromyalgia, rheumatoid
arthritis, osteoarthritis around the world. Also, increasing number of
road accidents and workplace injuries are expected to contribute to market
growth.
North America was the largest region in the
musculoskeletal disorders drugs market in 2017, accounting for almost one-third
of the market share.
The
market is segmented into: drugs for rheumatoid arthritis, muscle relaxants and
others.
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The
USA was the largest country in the musculoskeletal disorders drugs market in
2017, accounting for almost one-sixth of the market share. This can be
attributed to the increasing old age population and high per capita healthcare
expenditure compared to other countries. The USA was followed by Japan and
China.
The top five competitors in the market made up nearly 10% of the total
market in 2017. F. Hoffmann-La Roche Ltd. was the largest competitor followed
by GlaxosmithKline Plc., Pfizer Inc., Abbott Laboratories Inc. and Daiichi
Sankyo Company Limited. F. Hoffmann-La Roche AG is a Swiss multinational
healthcare company that operates worldwide under two divisions: Pharmaceuticals
and Diagnostics. The company headquarters are located in Basel.
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