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Bone Replacement Products Market to Witness a Pronounce Growth by 2026

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Bone replacement products are the implants surgically placed into the body to restore the normal bone function by replacing the damaged structure. The increased safety profiles, intraoperative cost, and adaptability to a variety of clinical challeng
Bone Replacement Products Market Trends
Estimates High Demand by 2026
Global Bone Replacement Products Market, by Product Type (Hip Replacement,
Knee Replacement, Trauma and Extremities, and Spine Replacement), by
Material (Metals, Ceramics, Plastics, and Combination of Materials), by End
User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers), and by
Region (North America, Latin America, Europe, Asia Pacific, the Middle East,
and Africa) and by Geography - Global Trends and Forecast to 2025
Bone replacement products are the implants surgically placed into the body to restore the normal bone
function by replacing the damaged structure. The increased safety profiles, intraoperative cost, and
adaptability to a variety of clinical challenges have enhanced the usage of innovative bone replacement
products in the recent past. The advantages offered by bone replacement products include reduction of
treatment time, bone preservation, and significant reduction in long-term treatment cost. The focus on
cost-effective and wear-reducing quality products in order to enhance the product offerings and
decrease the revision rate associated with replacement surgeries are expected to aid the bone
replacement products market over the forecast period. The Global Bone Replacement Products
Market was valued at US$ 31.7 billion in 2016 and is expected to witness a robust CAGR of 4.4%
over the forecast period (2017 - 2025).
Market Dynamics
The major factors driving growth of the bone replacement products market include rapid technological
advancement of the orthopedic implants and improved healthcare facilities in emerging economies.
Furthermore, the wide application of bone replacement products in the field of oncology, spine
surgeries, and trauma cases is expected to fuel the market growth over the forecast period. According to
the study by Orthoknow, 2012, around 2.9 million joint replacement procedures occur annually
worldwide, including over 1.4 million hip procedures, 1.1 million knee procedures, and around 100,000
shoulder replacements.
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Rise in incidence of musculoskeletal conditions to augment market growth
Osteoporosis is characterized by low bone mineral density (BMD) and deterioration of bone tissues,
leading to increased risk of developing traumatic bone fractures. The global incidence of osteoarthritis
is expected to escalate, owing to increasing obesity and ageing population, in turn increasing demand
for bone replacement products. According to the World Health Organization (WHO), 2013, around
28.2% of the global population above 60 years of age, suffered from osteoarthritis with an estimated
80% recorded with mobility handicaps.
Rapid innovative strategies adopted by the manufacturers to accelerate the bone replacement
products market
The innovative replacement systems are designed to provide patients with a joint preservation
ultimatum, preserving the healthy parts of the knee, thus helping to maintain natural knee function. For
instance, in 2014, Cayenne Medical launched the Mirror Partial Knee System, the only knee
replacement system that uses the patient’s natural knee motion during the surgical procedure. This
unique technology balances the knee throughout the entire range of motion.
The number of competitors in the bone replacement products market are focused on product
development to enhance the efficiency of the products. For instance, in 2017, DePuy Synthes
collaborated with JointPoint, Inc. for co-marketing of JointPoint’s software, providing non-invasive
computer navigation while performing hip replacement surgery, thereby reducing the chances of leg
length discrepancy and problems related to misplacement of implant. The bone replacement products
market is expected to propel in Europe with the rising number of replacement procedures and
readmissions. According to the European Commission, 2015, around 800,000 hip procedures were
carried out every year in Europe, costing around US$ 1.5 billion.
Detailed Segmentation:
•Global Bone Replacement Products Market, By Product Type:
•Hip Replacement
•Femoral Components
•Acetabular Components
•Knee Replacement
•Partial Knee Replacement
•Total Knee Replacement
•Trauma and Extremities
•Upper Extremity
•Lower Extremity
•Spine Replacement
The market is expected to gain significant traction in North America, owing to the government
initiatives to improve quality of life and reduce burden of people with musculoskeletal conditions. For
instance, in 2014, the United States Bone and Joint Initiative (USBJI), an international collaborative
movement sanctioned by the United Nations/World Health Organization, which helps increase
awareness about the bone and joint health and disease prevention.
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Author
ravikiran
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