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The global musculoskeletal diseases treatment market is expected to reach US$ 5,730.8 Mn in 2025 from US$ 3,837.9 Mn in 2017. The musculoskeletal diseases treatment market is estimated to grow with a CAGR of 5.3% from 2018-2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant rate in Asia Pacific (APAC) region during the forecast period. It is expected that major chunk of the demand is expected to generate from the above mentioned countries. Additionally, factors such as increasing focus of global industry players in India and Japan, funds in China are likely to propel growth of the market.
Lucrative Regional Markets
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Market Insights
Rising Prevalence of Musculoskeletal Disorders
Musculoskeletal disorders are associated with sports, occupational injuries and age-related dysfunction. Some of the most common musculoskeletal diseases are back pain, rheumatoid arthritis, osteoarthritis, osteoporosis, septic arthritis, gout, myasthenia gravis, systemic lupus erythematous (SLE), and others. Musculoskeletal system is the diagnosis and management of all acute and chronic conditions affecting musculoskeletal system, i.e., muscles, bones, tendons, joints and ligaments and treatment of non-surgical lesions of the musculoskeletal system. The rising prevalence of musculoskeletal diseases are the major factors of the market growth. For instance, according to Arthritis Foundation, in 2017, approximately 54 million adults have been diagnosed with arthritis. Almost 300,000 babies and children have arthritis or a rheumatic condition. The common type of arthritis is osteoarthritis, which affects approximately 31 million Americans. By the end of 2040, number of people expected to have doctor-diagnosed arthritis will be above 78 million. As per the report published in 2018 of Healthline Media, rheumatoid arthritis (RA) affects 41 in every 100,000 people per year. Approximately, 1.3 million Americans have RA. Women are about two to three times more likely to get RA than men. The lifetime risk of developing RA is 3.6% for women and 1.7% for men. However, RA can strike at any age even small children can get it. Smoking is the mostly associated risk factor when it comes to the onset of RA in patients. A history of smoking is said to increase the risk of developing RA by as much 2.4%.
Technological Advancements in Musculoskeletal Disease Diagnosis
Musculoskeletal diseases treatment is performed with the help of most flexible diagnostic imaging modalities that has capabilities to characterize a wide range of parameters in the living subject as well as provide an exquisite spatial resolution. This technique has been explored by the numerous market players to achieve remarkable precision through extensive innovation in the product design and features. Various recent technological developments are marked in the evolution of musculoskeletal diseases treatment techniques over the past few years.
For instance, in June 2018, Konica Minolta Healthcare Americas, Inc., launched the SONIMAGE MX1 portable ultrasound system, developed for musculoskeletal (MSK) and orthopedic practices, interventional guidance and outpatient centers. SONIMAGE MX1 is made with power, portability that physicians need to make a confident and efficient diagnosis at the point-of-care. In March 2018, Philips introduced a new 3-tesla MRI scanner named Ingenia Elition 3.0T at the ECR 2018 in Vienna. Thus, the innovative steps and technological advancements undertaken by new entrants as well as established market players to improve the quality and efficacy of musculoskeletal diseases treatment scans is expected to favor the growth of the market in the years to come.
Disease Insights
The musculoskeletal disease treatment market by disease is segmented into arthritis, osteoarthritis, osteoporosis, spondylitis and others. In 2017, the arthritis segment held a largest market share of 43.2% of the musculoskeletal diseases treatment market, by disease. This segment is also expected to dominate the market in 2025 owing to The arthritis is the largest segment among the disease segment in the musculoskeletal diseases treatment market in 2017 and is also anticipated to hold the largest market in the year 2025 owing to the increasing prevalence of the disease across the globe. Furthermore, the spondylitis segment is anticipated to witness the fastest growth rate during the forecast period, 2018 to 2025.
Imaging Modality Insights
On the basis of distribution channel, the musculoskeletal disease treatment market is segmented into computed tomography, magnetic resonance imaging, ultrasound and others. The computed tomography segment is anticipated to grow at a CAGR of 5.4% during the forecast period. The growth of computed tomography segment is primarily driven by increasing product innovation in the field of CT by the market players as well as advances in CT scanning providing increased patient comfort. On the other side, the ultrasound is expected to witness fastest growth registering the CAGR of 5.7% in the global musculoskeletal diseases treatment market over the forecast period.
Musculoskeletal dise ase treatment Market, by Imaging Modality
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Musculoskeletal Diseases Treatment Market: Strategic Insights
Market Size Value in US$ 3,837.9 Million in 2017 Market Size Value by US$ 5,730.8 Million by 2025 Growth rate CAGR of 5.3% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Musculoskeletal Diseases Treatment Market: Strategic Insights
| Market Size Value in | US$ 3,837.9 Million in 2017 |
| Market Size Value by | US$ 5,730.8 Million by 2025 |
| Growth rate | CAGR of 5.3% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Product launch/update and agreements & partnerships were observed as the most adopted strategy in global musculoskeletal disease treatment industry. Few of the product approvals and partnerships made by the players in the market are listed below;
2018: In Spetember, Royal Philips launched the Ingenia Ambition X 1.5T MR. The product is the latest advance in the Ingenia MRI portfolio, that comprises fully-digital MRI systems, healthcare informatics and a range of maintenance and life cycle services for integrated solutions that empower a faster, smarter, and simpler path to enabling a confident diagnosis.
2017: In November, Canon Medical Systems announced the launch of the new package for its iSeries scanners. The series will include Aplio i700, i800, and i900 which will be assessing the patients suffering from diseases.
2018: In January, AllTech Medical Systems America and RSTI signed an agreement to provide training. The agreement focusses RSTI offering an MRI service training program at Alltech Medical Systems America’s headquarters in Solon, Ohio. The program is to provide complete spectrum of service solutions and MRI training courses.
MUSCULOSKELETAL DISEASE TREATMENT – MARKET SEGMENTATION
By Disease
- Arthritis
- Osteoarthritis
- Osteoporosis
- Spondylitis
- Others
By Imaging Modality
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Ultrasound
- Others
By Geography
• North America
- U.S.
- Canada
- Mexico
• Europe
- France
- Germany
- UK
• Asia Pacific (APAC)
- China
- India
- Japan
• Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
• South America (SAM)
- Brazil
Company Profiles
- General Electric
- Siemens AG
- CANON MEDICAL SYSTEMS CORPORATION
- Koninklijke Philips N.V.
- Hitachi, Ltd.
- Accuray Incorporated
- MR Solutions
- Alltech Medical Systems
- Terason Division Teratech Corporation
- Echo-Son SA
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Disease ; Imaging Modality and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
1. General Electric
2. Koninklijke Philips N.V.
3. Siemens AG
4. Canon Medical Systems Corporation
5. Hitachi, Ltd.
6. Accuray Incorporated
7. MR Solutions
8. Alltech Medical Systems
9. Terason Division Teratech Corporation
10. Echo-Son SA
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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