The global osteoarthritis therapeutics market is estimated to grow at a CAGR of 8.2% during the forecast period. Pipeline products are expected to offer an opportunity for the growth of the market. For instance, in April 2019, Pfizer Inc. and Eli Lilly and Co. declared a Phase III study outcomes assessing tanezumab 2.5 mg and 5 mg. This study was intended to compare the 16-week efficacy of tanezumab and long-term joint safety relative to nonsteroidal anti-inflammatory drugs (NSAIDs) among patients with moderate-to-severe osteoarthritis of the knee or hip. 5 mg treatment arm of the tanezumab met two from the three co-primary endpoints related to efficacy, showing a statistically potential improvement in physical function and pain than NSAIDs at the 16-week analysis.
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However, patients who received 2.5 mg tanezumab did not experience a statistically potential improvement in physical function, pain, or overall assessment of patients for their osteoarthritis at 16 weeks than NSAIDs. Under the analysis for safety, there was a potential rate of events regarding joint safety in the tanezumab arms than NSAIDs at 80 weeks. As a monoclonal antibody, Tanezumab is part of an investigational drug class of non-opioid chronic pain medications referred to as nerve growth factor (NGF) inhibitors. These kinds of pipeline products with increased safety and efficacy are expected to offer an opportunity for the launch of new therapies in the future, which in turn, will likely drive the market growth.
A Full Report of Global Osteoarthritis Therapeutics Market is Available at: https://www.omrglobal.com/industry-reports/osteoarthritis-therapeutics-market
Scope of the Global Osteoarthritis Therapeutics Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Anatomy and Drug Type
- Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
- Competitive Landscape- Pfizer Inc., Bayer AG, Zimmer Biomet Holdings, Inc., Sanofi S.A., and GlaxoSmithKline plc
Global Osteoarthritis Therapeutics Market-Segmentation
By Anatomy
- Knee
- Ankle
- Hip
- Hand
- Spine
By Drug Type
- Nonsteroidal Anti-Inflammatory Drugs (NSAIDs)
- Viscosupplementation Agents
- Corticosteroids
- Analgesics
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
