Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Viscosupplementation is a procedure in which hyaluronic acid (HA) is injected into the knee joint for the treatment of osteoarthritis (OA) of the knee. HA is a naturally occurring glycosaminoglycan and an integral component of synovial fluid and cartilage matrix present in the joints.

Europe viscosupplementation market is estimated to account for US$ 241.8 Mn in terms of value and is expected to reach US$ 343.6 Mn by the end of 2027.

Europe Viscosupplementation Market: Drivers

Increasing prevalence of OA is expected to propel growth of the Europe viscosupplementation market over the forecast period. For instance, according to the study, ‘Prevalence and development of hip and knee osteoarthritis according to American College of Rheumatology criteria in the CHECK cohort’, published in January 2019, in BMC Arthritis Research & Therapy, 63% of the participants in the Netherlands suffered from hip OA and 92% of participants with knee complaints were classified as having knee OA.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to Office of National Statistics, U.K. 2018, there are nearly 12 million people aged 65 and above in the U.K. of which 5.4 million people are aged over 75, 1.6 million are aged over 85, over 500,000 people are over 90, and 14,430 are centenarians.

Three injection cycle held dominant position in Europe viscosupplementation market in 2019, accounting for 59.5% share in terms of value, followed by five injection cycle, and single injection cycle, respectively

Figure 1. Europe Viscosupplementation Market Share (%), by Value, by Type, 2019

               Europe Viscosupplementation  | Coherent Market Insights

Europe Viscosupplementation Market: Restraints

Side effects of viscosupplementation are expected to hinder growth of the market. These side effects include, temporary injection-site pain, swelling, and bruising around the joint.

Moreover, European market is highly segmented with a lot of regional players entering the market. The competition in the region is especially huge in case of the five cycle injections. Europe is a mature market in terms of generic medical devices and as a result of the relative ease of obtaining a CE mark in Europe as compared to the U.S. FDA approval, the intensity of competition in the region has been observed to be immense. Such regional competition is expected to limit the market growth.

Europe Viscosupplementation Market: Opportunities 

R&D related to viscosupplements is expected to offer lucrative growth opportunities for players in Europe viscosupplementation market. For instance, in May 2018, researchers from Humboldt-Universität zu Berlin and Berlin Institute of Health, Germany, reported that HA can influence the cartilage metabolism via upregulation of Metalloproteinase inhibitor 3 in OA-like condition.

In Europe, there has been a rise in the number of osteoarthritis patients seeking alternate options to knee replacement in view of avoiding the side effects associated with NSAID and corticosteroids injections. This factor has changed the overall scenario in the pharmaceuticals industry, propelling the inclination of the players in the market towards the viscosupplementation-based therapy.

Europe viscosupplementation market was valued at US$ 230.4 Mn in 2019 and is forecast to reach a value of US$ 343.6 Mn by 2027 at a CAGR of 5.0% between 2020 and 2027.

Figure 2. Europe Viscosupplementation Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Europe Viscosupplementation  | Coherent Market Insights

Market Trends/Key Takeaways

Viscosupplementation is done on an outpatient basis. It has low recovery time, which makes it best fit for the patients who want to resume work as soon as possible.Viscosupplementation is a convenient procedure for both elderly and young people as the procedure uses single-injection treatments, which helps improve patience compliance.

The European market for viscosupplementation products is fairly mature. In fact, at the global level, the market is now saturated with various categories of HA-based products with changes in their molecular weight. The new trend in this industry is the introduction of new combination products in the market. The product pipeline of major players involves the combination of HA and corticosteroid-based injections, which combine the pain relieving effect of corticosteroids with the long lasting effect of HA that lasts for nearly 6 months.

Regulations                                                                                                      

Medical Device Type:

  • As per European guidelines, viscosupplementation products are classified as Class III type
  • Definition of Class III: A medical device incorporating medical substance as an integral part, where the action of the medical substance is ancillary
  • This class is categorized as high risk and premarket approval is required

Parameters considered in Europe:

  • Standard for approval: Safety and technical performance
  • Evidences required: Limited data is sufficient, which includes literature review, laboratory testing, and small clinical trials
  • Approval granted by: Notified bodies including private organizations recognized by EFTA countries. Approval by any notified body authorizes and marketing of the product throughout EU.
  • Transparency of approval: Neither approval data nor evidence-based data is disclosed to public
  • Post approval requirements: Side effects are reported to notified bodies and not to any government body

Europe Viscosupplementation Market: Competitive Landscape

Major players operating in Europe Viscosupplementation market include, Sanofi S.A., Anika Therapeutics, Inc., Seikagaku, Zimmer Biomet Holdings Inc., Meda AB (Mylan), Fidia Farmaceutici S.p.A., Bioventus LLC, Ferring B.V, Lifecore Biomedical, and LG Life Sciences.

Europe Viscosupplementation Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in December 2019, Fidia Farmaceutici S.p.A. launched TRILURON (sodium hyaluronate), a HA-based intra-articular viscosupplement indicated for the treatment knee OA.

Major players in the market are focused on adopting various strategies to enhance their market share. For instance, in November 2019, Anika Therapeutics Inc. participated in the MEDICA 2019 International Trade Fair (Germany) and the International Cartilage Regeneration and Joint Preservation Society Focus Meeting (Austria).

Viscosupplementation is a minimally invasive procedure that involves injection of the hyaluronic acid injected into a knee joint to promote better joint development and lubrication. It also helps in reducing pain, irritation and helps in improving osteoarthritis condition. Hyaluronic acid (HA) or hyaluronate is a non-sulfated glycosaminoglycan that is distributed throughout the body in epithelial, connective tissues, and neural tissues. Increasing prevalence of osteoarthritis in people is expected to boost demand for the viscosupplementation products. 

Restraints of the Europe Viscosupplementation Market

Major factors hampering the growth of the viscosupplementation market during the forecast period constitutes of high costs and side effect.

Key features of the study:

  • This report provides in-depth analysis of the Europe viscosupplementation market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the Europe viscosupplementation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Sanofi S.A., Anika Therapeutics, Inc., Seikagaku, Zimmer Biomet Holdings Inc., Meda AB (Mylan), Fidia Farmaceutici S.p.A., Bioventus LLC, Ferring B.V, Lifecore Biomedical, and LG Life Sciences.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Europe viscosupplementation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Europe Viscosupplementation Market, By Type:
    • Single Injection Cycle
    • Three Injection Cycle
    • Five Injection Cycle
  • Europe Viscosupplementation Market, By End User:
    • Hospitals
    • ASCs
    • Clinics
  • Europe Viscosupplementation Market, By Country:
    • Western Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Nordic Countries
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Rest of Eastern Europe
  • Company Profiles
    • Sanofi S.A.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Anika Therapeutics, Inc.
    • Seikagaku Corporation
    • Zimmer Biomet Holdings Inc.
    • Meda AB (Mylan)
    • Fidia Farmaceutici S.p.A.
    • Bioventus LLC
    • Ferring B.V
    • Lifecore Biomedical
    • LG Life Sciences

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By End User
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Europe Viscosupplementation Market, By Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Single Injection Cycle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Three Injection Cycle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Five Injection Cycle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Europe Viscosupplementation Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • ASCs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  6. Europe Viscosupplementation Market, By Country, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
        • U.K.
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • France
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • Germany
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • Italy
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • Spain
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • Russia
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • Nordic Countries
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
        • Rest of Europe
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Type
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Application
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By End User
  7. Competitive Landscape
    • Company Profiles
      • Sanofi S.A.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Anika Therapeutics, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Seikagaku Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Zimmer Biomet Holdings Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Meda AB (Mylan)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Fidia Farmaceutici S.p.A.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bioventus LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ferring B.V
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Lifecore Biomedical
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • LG Life Sciences
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 28 market data tables and 22 figures on “Viscosupplementation Market – Europe forecast to 2027.

Frequently Asked Questions

Europe viscosupplementation market was valued at US$ 230.4 Mn in 2019 and is forecast to reach a value of US$ 343.6 Mn by 2027 at a CAGR of 5.0% between 2020 and 2027.
Major factor driving the growth of global viscosupplementation market during the forecast period include increasing osteoarthritis, and product approvals and launches.
Major factors hampering the growth of the viscosupplementation market during the forecast period constitutes of high costs and side effect.
Mass viscosupplementation segment held dominant position in the global viscosupplementation market in 2019.
Western Europe viscosupplementation market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Sanofi S.A., Anika Therapeutics, Inc., Seikagaku, Zimmer Biomet Holdings Inc., Meda AB (Mylan), Fidia Farmaceutici S.p.A., Bioventus LLC, Ferring B.V, Lifecore Biomedical, and LG Life Sciences.
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