The Business Research Company’s latest report Musculoskeletal Disorders Drug Global Market Report 2020 covers Musculoskeletal Disorders Drug market drivers, Musculoskeletal Disorders Drug market trends, Musculoskeletal Disorders Drug market segments, Musculoskeletal Disorders Drug market growth rate, Musculoskeletal Disorders Drug market major players, and Musculoskeletal Disorders Drug market size. The report provides in-depth analysis of the impact of COVID-19 on the Musculoskeletal Disorders Drug industry, along with revised market numbers due to the effects of the coronavirus.
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Musculoskeletal Disorders Drug Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global musculoskeletal disorders drugs market is expected to decline from $85.7 billion in 2019 to $75.5 billion in 2020 at a compound annual growth rate (CAGR) of -12%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The COVID-19 pandemic is affecting industries across the globe including the pharmaceutical sector. The restrictions on non-essential medical services coupled with slowed production of drugs due to extended factory closures in various countries, shortage of APIs and other chemicals, and rise in prices of key ingredients are the key factors for this decline. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $94.8 billion in 2023.
The report covers the Musculoskeletal Disorders Drug market’s segments-
1) By Type: Drugs For Rheumatoid Arthritis, Muscle Relaxants, Others – Musculoskeletal Disorders Drugs.
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others.
3) By Route Of Administration: Oral, Parenteral, Others.
4) By Drug Classification: Branded Drugs, Generic Drugs.
5) By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs.
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