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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