Hip Tendinitis Market Competitive Strategies, Advertising Trends, Analysis by 2033

Based on the most recent projections from Fact.MR, a competitive intelligence and market research firm, the global hip tendinitis market is expected to reach US$ 268.7 million in 2023 and grow at a compound annual growth rate (CAGR) of 5% until 2033.

The thick cords that connect muscle to the hip bone are called tendons, and hip tendonitis is an inflammation and degradation of these cords that is frequently brought on by overtraining. Another way that hip tendonitis arises is when an activity that a person is not used to undertaking puts the tendon under excessive strain. The tendons heal slowly because there is insufficient blood flow to them.

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Individuals who participate in physical activities like cycling, high-kicking, or jogging are at a higher risk of developing hip tendonitis. In addition, high-risk exercises like weightlifting and squat-based sports can cause hip tendinitis. Rapid increases in training volume and intensity are linked to an increased risk of hip tendinitis.

The global market for hip tendinitis is growing healthily as a result of rising hip tendonitis instances, an aging population, and an increase in the prevalence of diabetes. Furthermore, it is anticipated that the growing healthcare industry, the prevalence of sedentary lifestyles, and increased public knowledge of tendinitis will all contribute to an increase in the need for hip tendinitis remedies.

Key Takeaways from Market Study

• By 2033, sales of products for hip tendinitis are projected to reach US$ 437.8 million.
• Product sales growth is anticipated to be boosted by an increase in sports injury cases in the US.
• Hip tendinitis is becoming more common in Germany due to the rising frequency of diabetes.
• In Japan, the need for hip tendinitis treatment is being driven by the country's rapidly aging population, which is more likely to sustain orthopedic ailments.

Notable Market Developments

• CoNextions Inc., a tendon restoration firm, said in May 2022 that the first patient had surgery using the CoNextions TR Tendon restoration System to treat a zone 2 flexor tendon in the little finger, just 19 days after the FDA granted 510(k) clearance for the product's sale.
• A phase 3 clinical trial is being conducted on MiMedx's micronized dHACM Injection, which is intended to treat individuals with Achilles tendinitis.

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Competitive Landscape

Throughout the projected period, there will be a rise in the need for tendonitis treatment alternatives due to the increasing occurrence of tendon-related injuries among athletes and sports players in the general population.

In response to the increasing demand, major companies in the hip tendinitis market are undertaking multiple initiatives to expand their firm base and creating efficient plans for product development, according to Fact.MR, a source of competitive intelligence and market research. The industry's rise can be attributed, in part, to the balanced presence of both well-known worldwide corporations and regional producers.

• Due to its ability to alleviate tendinitis symptoms and indicators, Naproxen Oral Suspension was added to Camber Pharmaceuticals' product line in November 2022.

Hip Tendinitis Products Companies

• Almatica Pharma, Inc
• AstraZeneca
• Bayer AG
• Boehringer Ingelheim Pharmaceuticals, Inc
• Merck & Co., Inc
• Pfizer
• Abbott
• GlaxoSmithKline plc
• Teva Pharmaceuticals
• Lupin Pharmaceuticals, Inc.
• Geri-Care Pharmaceuticals.
• Perrigo Company

Key Segments of Hip Tendinitis Industry Research

• By Injury Type :
  • Internal Snapping Hip
  • External Snapping Hip
  • Intra-articular Snapping Hip
• By Treatment :
  • Diagnosis
    • Physical Examination
    • Imaging Studies
  • Therapy
    • Pharmacological
    • Non-pharmacological
    • Shock Wave or Surgery
    • Medical Equipment
  • By End User :
    • Hospitals & Clinics
    • Medical Research Centers
    • Academic Institutes
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global hip tendinitis market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on injury type (internal snapping hip, external snapping hip, intra-articular snapping hip), treatment (diagnosis, therapy), and end user (hospitals & clinics, medical research centers, academic institutes), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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