Fitness Trends Bone Replacement Products Market | Page 2

Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Global Bone Replacement Products Market Forecast including Production, Consumption, Import
and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
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. 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. However, increasing
adoption of conservative medical therapies and non-operative methods such as anti-
inflammatory medications for the treatment of musculoskeletal conditions are the factors
restraining the growth of bone replacement products market.
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. However,
postoperative risks associated with bone replacement products and stringent approval of the
highly specialized products by the regulatory agencies are the factors hampering growth of the
bone replacement products market.