Bone Degeneration Therapeutics MarketSize and Trends

Increasing diabetes incidence and rising obesity driving growth of the bone degeneration therapeutics market

Factors such as increased physical inactivity, rising obesity, and increasing rate of diabetes are fueling growth of the bone degeneration therapeutics market. According to World Health Organization (WHO) around 422 million people worldwide suffered from diabetes in 2014. Increasing number of diabetic patients is fueling growth of the bone degeneration therapeutics market.

Various products in research pipeline to augment the bone degeneration therapeutics market growth

Bone degeneration therapeutics market can be segmented by treatment and application. By treatment, the bone degeneration therapeutics market can be segmented into device, drug, and surgery. Braces or sleeves are used to relieve pain caused due to bone degeneration. These provide pain relief to orthopedic patients. By drug, the bone degeneration therapeutics market is segmented into cortisone or steroids, hyaluronic acid and platelet-rich plasma. Platelet-rich plasma is effective in alleviating pain resulting from arthritis of the knee. Some products such as PREOB and ALLOB (both from Bone Therapeutics SA) are in research pipeline. PREOB received orphan drug designation for osteonecrosis in March 2008 from the U.S. FDA. On the basis of surgery, the bone degeneration therapeutics market is classified as arthroscopy, high tibial osteotomy, and knee replacement. By application, the bone degeneration therapeutics market can be segmented as osteoporosis, osteopenia, and spinal fusion.

Increasing sports injuries and growing aging population drives growth of the bone degeneration therapeutics market in North America

The market for bone degeneration has significant potential in North America due to high incidence of sport injuries, availability of advanced technology, large aging population, robust medical infrastructure, and favorable government reimbursement policy. According to 2016 estimates of Osteoporosis Canada, over 80% of all fractures reported in people over 50 years of age are caused by osteoporosis and at least one in three women and one in five men suffer from an osteoporotic fracture during their lifetime. Asia Pacific is projected to be a high growth market for bone degeneration in the near future due to increasing consumer health awareness and development of good diagnostic and treatment facilities in the region.