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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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. 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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