Lateral epicondylitis generally arises due to improper use of sports devices by athletes or wrist extension against the resistance.
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Lateral Epicondylitis (Tennis Elbow) Treatment Market Analysis, Growth, Trends To 2022: Grand View Research, Inc.
1. Lateral Epicondylitis (Tennis Elbow) Treatment Market
Analysis By Treatment (Surgical , Non Surgical) Analysis,
Regional Outlook, Competitive Strategies And Segment
Forecasts 2015 to 2022
Rising prevalence of elbow tendons bumps along with increasing incidences of
elbow joint pains are the key factors driving the global lateral epicondylitis
treatment market. Lateral epicondylitis generally arises due to improper use of
sports devices by athletes or wrist extension against the resistance. Increasing cases
of elbow tendons swelling in swimmers, plumbers, basketball players, tennis
players and carpenters are also propelling the global lateral epicondylitis treatment
market. Lateral epicondylitis is also a common medical condition affectinggeriatric
population. Therefore, rapidly increasing geriatric population base worldwide is
leading to the growth of this market. However, slow commercialization of effective
therapies is anticipated as growth hurdle in the market over next seven years.
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tennis-elbow-treatment-market
The non surgical treatment segment dominated the entire market as of 2014.
Greater efficiency of non surgical treatment with minimal invasive nature is the
factor driving the market for non surgical treatment. The surgical treatment
segment includes arthroscopic surgery and open surgery. Open surgery segment is
anticipated to witness significant growth over next seven years due to high success
rate of roughly 90-95% and outpatient surgeries. Technological advancements in
equipments for surgical treatment such as ultrasound imaging technology are also
leading to the growth of the market. Ultrasound imaging is used to locate the
diseased tissue. Once the tissue is detected, a micro incision is inserted in the body
to remove the diseased tissue.
3. Incraesing usage of therapeutic drugs such as botulinum toxin, topical nitrates and
hyaluronate are for the treatment of lateral epicondylitis is also expected to provide
growth platform to this market.
Geographically, North America dominated the overall market by attributing largest
revenue share as of 2014. Increasing number of sports competition and events in
the U.S. along with rising patient awareness are the imperative factors fueling the
growth of lateral epicondylitis market in North America. Asia Pacific and Latin
America are expected to achieve lucrative CAGR owing to larger untapped
opportunities coupled with increasing incidences of injuries due to sports in this
region.
The market is consolidated in nature with key players adopting sustainability
strategies such as research partnerships and joint ventures. Some major players in
the market include Kasiak Research Pvt. Ltd., Chugai Pharmaceutical Co., Ltd.,
Teikoku Pharma, Inc., Seikagaku Corporation and Molecular Pharmacology.
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