How Global Musculoskeletal Disorders Drugs Market Players Should Strategize For 2022-2031

The global musculoskeletal disorders drugs market size is expected to grow from $97.45 billion in 2021 to $104.03 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $126.34 billion in 2026 at a CAGR of 5%.

What is the Global Musculoskeletal Disorders Drugs Market?

The musculoskeletal disorders drugs market consists of sales of musculoskeletal disorders drugs and related services by entities (organizations, sole traders and partnerships) that produce musculoskeletal disorders drugs to treat musculoskeletal disorders such as arthritis, osteoporosis, osteomalacia, and other disorders. This industry includes establishments that produce drugs to treat rheumatoid arthritis, muscle relaxants to reduce muscle pain, and other drugs used in treating osteoarthritis, analgesics drugs, immunosuppressive. Some of the major drugs in the market include Piroxicam Glaxo, Dolonex, Felden, and Piroxicam Pfizer.

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What drives the Global Musculoskeletal Disorders Drugs Market?

The aging population profile of most countries contributed to the growth of the musculoskeletal disorders drugs market. The increase in patient pool due to rising geriatric population globally, contributed significantly to the growth of the market during the historic period. According to the WHO, by 2030, one in every six people on the planet will be 60 or older. The proportion of the population aged 60 and up will rise from 1 billion in 2020 to 2.1 billion by 2050. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. This has led to increased demand for pharmaceuticals products, significantly impacting market growth during this period.

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Global Musculoskeletal Disorders Drugs Market Segments
The global musculoskeletal disorders drugs market is segmented:
By Type: Drugs for Rheumatoid Arthritis, Muscle Relaxants, Other Musculoskeletal Disorders Drugs
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others
By Route of Administration: Oral, Parenteral, Others
By Drug Classification: Branded Drugs, Generic Drugs
By Mode of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs
By Geography: The regions covered in the musculoskeletal disorders drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Musculoskeletal Disorders Drugs Global Market Report 2022provides market size and growth forecasts for the global musculoskeletal disorders drugs market, global musculoskeletal disorders drugs market share, musculoskeletal disorders drugs market segments and geographies, musculoskeletal disorders drugs market competitive landscape including leading competitors’ revenues, profiles and market shares. The musculoskeletal disorders drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Musculoskeletal Disorders Drugs Industry Playersinclude Sanofi S.A, Pfizer Inc., Bristol-Myers Squibb, Eli Lilly And Company, Mitsubishi Tanabe Pharma Corporation, Horizon Therapeutics plc, Procter & Gamble, Eisai Co. Ltd, Biogen Inc and Sino Biopharmaceutical. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.