Bone replacement products market

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

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Nov 2017
CMI1049
245 Pages
Excel & Pdf
Medical Devices

Summary

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)

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.

Table of Content

Table of Contents

Research Objective and Assumption

Research Objectives
Assumptions
Abbreviations

Market Purview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet, By Product Type
Market Snippet, By Material
Market Snippet, By End User
Market Snippet, By Region

Coherent Opportunity Map (COM)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers
Restraints
Market Opportunities
Market Trends

Global Bone Replacement Products Market, By Product Type, 2017–2025, (US$ Million)

Introduction

Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, 2017–2025
Segment Trends

Hip Replacement

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)
Segment Trends
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Femoral Components
Acetabular Components

Knee Replacement

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)
Segment Trends
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Partial Knee Replacement
Total Knee Replacement

Trauma and Extremities

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)
Segment Trends
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Upper Extremity
Lower Extremity

Spine Replacement

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Global Bone Replacement Products Market, By Material, 2017–2025, (US$ Million)

Introduction

Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, 2017–2025
Segment Trends

Metals

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Ceramics

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Plastics

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Combination of Materials

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Global Bone Replacement Products Market, By End User, 2017 – 2025, (US$ Million)

Introduction

Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, 2017–2025
Segment Trends

Hospitals

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Orthopedic Clinics

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Ambulatory Surgical Centers

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Million)

Global Bone Replacement Products Market, By Region, 2017 – 2025, (US$ Million)

Introduction

Market Share Analysis, By Region, 2016 and 2025 (%)
Y-o-Y Growth Analysis, For Regions, 2017–2025

North America

Market Size and Forecast, By Product Type, 2017–2025, (US$ Million)
Market Size and Forecast, By Material, 2017–2025, (US$ Million)
Market Size and Forecast, By End User, 2017–2025, (US$ Million)
Market Size and Forecast, By Country, 2017–2025, (US$ Million)

U.S.
Canada

Latin America

Market Size and Forecast, By Product Type, 2017–2025, (US$ Million)
Market Size and Forecast, By Material, 2017–2025, (US$ Million)
Market Size and Forecast, By End User, 2017–2025, (US$ Million)
Market Size and Forecast, By Country, 2017–2025, (US$ Million)

Brazil
Mexico
Rest of Latin America

Europe

Market Size and Forecast, By Product Type, 2017–2025, (US$ Million)
Market Size and Forecast, By Material, 2017–2025, (US$ Million)
Market Size and Forecast, By End User, 2017–2025, (US$ Million)
Market Size and Forecast, By Country, 2017–2025, (US$ Million)

Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

Market Size and Forecast, By Product Type, 2017–2025, (US$ Million)
Market Size and Forecast, By Material, 2017–2025, (US$ Million)
Market Size and Forecast, By End User, 2017–2025, (US$ Million)
Market Size and Forecast, By Country, 2017–2025, (US$ Million)

China
India
Japan
Australia
South Korea
ASEAN
Rest of APAC

Middle East

Market Size and Forecast, By Product Type, 2017–2025, (US$ Million)
Market Size and Forecast, By Material, 2017–2025, (US$ Million)
Market Size and Forecast, By End User, 2017–2025, (US$ Million)
Market Size and Forecast, By Country, 2017–2025, (US$ Million)

GCC
Israel
Rest of Middle East

Africa

Market Size and Forecast, By Product Type, 2017–2025, (US$ Million)
Market Size and Forecast, By Material, 2017–2025, (US$ Million)
Market Size and Forecast, By End User, 2017–2025, (US$ Million)
Market Size and Forecast, By Country, 2017–2025, (US$ Million)

South Africa
Central Africa
North Africa

Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles

Zimmer Biomet Holdings, Inc.*

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

B. Braun Melsungen AG

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Stryker Corporation

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Smith & Nephew Plc.

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

United Orthopedic Corporation

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Depuy Synthes

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Japan Medical Dynamic Marketing, Inc.

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

JRI Orthopedics

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Exactech, Inc.

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Mathys

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Medtronic Plc.

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Analyst Views

Section

References
Research Methodology
About us and Sales Contact

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- Frequently Asked Questions -

What are the growth estimates for the bone replacement products market till 2025?

The global bone replacement products market is estimated to surpass US$ 46.6 Billion by 2025.

Which are the prominent bone replacement products market players across the globe?

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.

What are the key factors hampering growth of the bone replacement products market?

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.

What are the key factors driving growth of the bone replacement products market?

Rising incidence of musculoskeletal conditions is one of the major factors that is expected to propel growth of the market over the forecast period.

What is the Compound Annual Growth Rate (CAGR) of the bone replacement products market for next 8 years?

The global bone replacement products market is estimated to exhibit a CAGR of 4.4% over the forecast period.

Which segment based on materials, accounted for the highest demand in the bone replacement products market?

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.