(EMAILWIRE.COM, December 18, 2018 ) The global musculoskeletal disorders drugs market, one of the segments of healthcare services industry. During the historic period it grew at a compound annual growth rate (CAGR) of over 7%. This was mainly due to the increased old age population who are more vulnerable to such diseases.
For the forecasted period, the musculoskeletal disorders drugs market size is expected to be over $177 billion by 2021, growing at a CAGR of nearly 8%. The growth rate for forecasted period is higher when compared to the historic period. This is mainly attributed to increasing awareness in healthcare and forecasted increased prevalence of musculoskeletal disorders.
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Introduction of advanced pain free drug delivery technologies is promoting the use of musculoskeletal drugs. Drug delivery systems refer to methods or processes used to administer a pharmaceutical compound to achieve a therapeutic effect in humans or animals. Drug delivery products such as intrathecal pumps are being used to deliver muscle relaxants such as baclofen directly into spinal cord to provide instant relief. Intra-Articular drug delivery systems are also widely being used to administer medicines to treat arthritis. In addition, these products reduce spasticity symptoms and lower the side effects caused by oral spasticity medications.
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