The wax additives market is expected to reach USD 10.9

PORTLAND, Ore., Sept. 22, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global market of wax additives was valued at USD 4.4 billion in 2021 and is expected to reach USD 10.9 billion by 2031, registering a CAGR of 9.5% from 2022 to 2031. The report provides detailed analysis of the largest investment pockets, most winning strategies, drivers and opportunities, market size and valuation, competitive landscape, and emerging market trends. Market research is a useful source of information for leaders, new players, investors and shareholders in developing future strategies and strengthening their market positions. This report is intended solely to assist readers in obtaining a comprehensive assessment of industry analysis and trends.

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Report Scope and Details:

Report coverage Details
Forecast period 2022–2031 years
Base year 2021 year
Market size in 2021 4.4 billion dollars
Market size in 2031 10.9 billion dollars
CAGR 9.5%
The number of pages in the report 300
Covered segments Type, application, distribution channel and region.
Drivers Increasing prevalence of osteoarthritis and increasing geriatric population
Limitation The high cost of hyaluronic acid and the availability of alternative solutions for knee osteoarthritis a
Opportunities The surge in adoption of key strategies such as collaboration, acquisition, agreement, and partnership by key players in the Viscous Additives industry

The impact of Covid-19 on the wax additives market-

  • Since viscosupplementation is not an emergency procedure, most procedures were either canceled or postponed during the Covid-19 pandemic, especially in the initial period.
  • The market has been negatively impacted because the majority of viscosupplement users are the elderly, a demographic that has mostly been asked to stay at home to reduce the risk of infection.

The global wax additives market is analyzed by type, application, sales channel, and region. The report contains a comprehensive analysis of the segments and their sub-segments through tabular and graphical presentation. Investors and market participants can benefit from the breakdown and develop strategies based on the highest-grossing and fastest-growing segments identified in the report.

Based on type, the disposable wax additives segment accounted for nearly half of the global wax additives market revenue in 2021 and is expected to dominate by 2031. The same segment will also exhibit the fastest CAGR of 9.9% during the forecast period.

Based on application, the knee osteoarthritis segment accounted for more than two-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The same segment would also register the fastest CAGR of 9.9% during the forecast period.

Based on distribution channel, the hospital pharmacy segment accounted for more than half of the total market revenue in 2021 and is expected to dominate by 2031. The same segment is also projected to witness the fastest CAGR of 9.9% during the forecast period.

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Based on region, the market in North America accounted for nearly two-fifths of the total market revenue in 2021 and is expected to hold the lion’s share until 2031. However, Asia Pacific will exhibit the fastest CAGR of 10.3% during the forecast period. Other regions explored in the report include LAMEA and Europe.

Some of the key market players analyzed in the global Viscosity Supplements market report include Anika Therapeutics, Inc., aptissen, Miravo Healthcare, Avanos Medical, Inc., Bioventus, Chugai Pharmaceutical Corp., Fidia Farmaceutici SPA, Seikagaku Corporation, LG Life Sciences Ltd. and Sanofi. These market players have opted for several strategies including partnerships, expansions, collaborations, joint ventures, and others to accentuate their prowess in the industry. The report is useful for formulating business results, product portfolio, operating segments and development of leading players.

Official press release https://www.alliedmarketresearch.com/press-release/viscosupplementation-market.html

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We’ve also published some syndicated market research in a similar area that you may be interested in. Below is the name of the report for your referenceconsidering the impact of Covid-19 on this market, which will help you assess the impact of the pandemic on the short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP located in Portland, Oregon. Allied Market Research provides global enterprises, as well as medium and small businesses with unrivaled quality Market Research Reports and Business Intelligence Solutions. AMR has a focused approach to providing business information and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry sectors including Life sciencesConsumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense and BFSI.

We maintain professional corporate relationships with various companies and this helps us dig up market data that helps us generate accurate research data tables and confirms the utmost accuracy of our market forecasting. Pawan Kumar, CEO of Allied Market Research, plays an important role in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients succeed in every way possible. All the data given in our published reports are obtained as a result of primary interviews with senior officials of leading companies in the relevant field. Our secondary data procurement methodology includes in-depth online and offline research and discussions with experienced industry professionals and analysts.

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