Bone Replacement Products Market Competitive Insights and Precise Outlook 2021-2027

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Bone Replacement Products Market
Bone Replacement Products Market

Following an accident or the removal of a tumour, bone replacement goods, including implants made of metal, ceramic, plastic, and combinations of materials, are needed to fill the gap or replace the entire area. When bone grafting is not an option, products for replacing missing bone are frequently employed. Additionally, compared to non-operative treatments, the bone replacement products offer considerable advantages in terms of enhanced mobility, improved quality of life, and cost-effectiveness of bone replacement procedures.

The Bone Replacement Products Market was valued at $31.7 billion in 2016 and is anticipated to grow at a strong CAGR of 4.4% over the following five years (2017 - 2025).

Increased prevalence of musculoskeletal diseases will boost market expansion. Low bone mineral density (BMD) and degeneration of bone tissues are the hallmarks of osteoporosis, which raises the risk of suffering catastrophic bone fractures. Because of rising obesity rates and an ageing population, the incidence of osteoarthritis is predicted to increase globally, which will raise the Bone Replacement Products Market. The World Health Organization (WHO) reports that in 2013, osteoarthritis affected over 28.2% of the world's population over 60, with a mobility impairment rate of almost 80%.

The government initiatives to enhance quality of life and lessen the burden of persons with musculoskeletal diseases are likely to propel the market forward in North America. For instance, the United States Bone and Joint Initiative (USBJI), a global collaborative effort endorsed by the World Health Organization and the United Nations, was launched in 2014. It aims to raise awareness of the importance of bone and joint health and the prevention of disease. The Bone Replacement Products Market, however, is being constrained by the rising use of non-surgical treatments for musculoskeletal problems and conservative medical therapies, such as anti-inflammatory drugs.

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