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  • Published On : Nov 2017
  • Code : CMI1049
  • Industry : Medical Devices
  • Pages : 245
  • Formats :

Bone Replacement Products Market– Effective Solution for Bone Problems

Bone replacement products are required to fill the gap or replace the entire section following an accident or after tumor removal, which includes the implants made from metal, ceramic, plastic, and combination of materials. Bone replacement products are widely used when bone grafting is not possible. Moreover, improved mobility, improved quality of life, and cost-effectiveness of bone replacement procedures are major advantages offered by the bone replacement products as compared to non-operative treatments.

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).

Figure 1. Global Bone Replacement Products Market, by Region, 2016 (US$ Mn)

Bone Replacement Products Market

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2017 

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.

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. Furthermore, an estimated 20% of implants fail within 20 years, requiring corrective surgery costing an additional EUR 2.3 billion a year. Some of the major players operating in the bone replacement products market include Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc, United Orthopedic Corporation, Depuy Synthes, Medtronic Plc., Japan Medical Dynamic Marketing, Inc., JRI Orthopedics, Exactech, Inc., and Mathys.

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.

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.

Key features of the study:

  • This report provides in-depth analysis of bone replacement products market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global bone replacement products market based on the following parameters – company overview, financial performance, product portfolio, ax presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Zimmer Biomet Holdings, Inc, B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc, United Orthopedic Corporation, Depuy Synthes, Japan Medical Dynamic Marketing, Inc., JRI Orthopedics, Exactech, Inc., Mathys, and Medtronic Plc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global bone replacement products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the bone replacement products market

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
  • Global Bone Replacement Products Market, By Material:
    • Metals
    • Ceramics
    • Plastics
    • Combination of Materials
  • Global Bone Replacement Products Market, By End User:
    • Hospitals
    • Orthopedic Clinics
    • Ambulatory Surgical Centers
  • Global Bone Replacement Products Market, By Geography:
    • North America
      • 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
      • By Material:
        • Metals
        • Ceramics
        • Plastics
        • Combination of Materials
      • By End User:
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • 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
      • By Material:
        • Metals
        • Ceramics
        • Plastics
        • Combination of Materials
      • By End User:
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Europe
      • 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
      • By Material:
        • Metals
        • Ceramics
        • Plastics
        • Combination of Materials
      • By End User:
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers
        •  
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • 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
      • By Material:
        • Metals
        • Ceramics
        • Plastics
        • Combination of Materials
      • By End User:
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • 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
      • By Material:
        • Metals
        • Ceramics
        • Plastics
        • Combination of Materials
      • By End User:
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • 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
      • By Material:
        • Metals
        • Ceramics
        • Plastics
        • Combination of Materials
      • By End User:
        • Hospitals
        • Orthopedic Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Zimmer Biomet Holdings, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • B. Braun Melsungen AG
    • Stryker Corporation
    • Smith & Nephew Plc.
    • United Orthopedic Corporation
    • Depuy Synthes
    • Japan Medical Dynamic Marketing, Inc.
    • JRI Orthopedics
    • Exactech, Inc.
  • Mathys
    • Medtronic Plc.

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global bone replacement products market is estimated to surpass US$ 46.6 Billion by 2025.
Major players operating in the global bone replacement products market include Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc, United Orthopedic Corporation, Depuy Synthes, Medtronic Plc., Japan Medical Dynamic Marketing, Inc., JRI Orthopedics, Exactech, Inc., and Mathys.
Increasing adoption of conservative medical therapies and non-operative methods such as anti-inflammatory medications for the treatment of musculoskeletal conditions is one of the major factors that is expected to hamper growth of the market over the forecast period.
Rising incidence of musculoskeletal conditions is one of the major factors that is expected to propel growth of the market over the forecast period.
The global bone replacement products market is estimated to exhibit a CAGR of 4.4% over the forecast period.
Among materials, combination of materials segment holds dominant position in the market, as these material implants have enhanced wear resistant and biocompatible properties as compared to the other materials.

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