The global joint repairing additive market is expected to grow at a significant CAGR during the forecast period (2021-2027). Joint repairing additive is a source of calcium, prebiotic fiber, soy isoflavones, and vitamins including vitamin D and vitamin K, all of this support relieving pain and strengthen joint health. The rising incidence of orthopedic disorders, increasing aging population, rising demand for minimally invasive procedures, and the rising number of joint reconstruction surgeries are all driving the market growth.
The world's geriatric population is increasing at an unprecedented rate. According to the National Institute of Health (NIH), 8.5 % of the global population (617 million people) were 65 or older in 2016. According to research released by Aging World 2015, by 2050, this number will rise to over 17% of the global population (nearly 1.6 billion). The number of people aged 65 and above in the US is anticipated to nearly double over the next three decades, from 48 million to 88 million by 2050, resulting in a significant increase in the incidence of orthopedic ailments, as the elderly are more prone to joint issues. Reconstruction surgeries are becoming increasingly popular as the elderly population grows, which in turn, is driving the market growth.
According to National Center for Biotechnology Information (NCBI), the prevalence of orthopedic conditions has been reported to range from 7.2% to 36.2%. Females had 13.4% and 12.7% spine and knee problems, whereas men had 13.6% and 4.8%, respectively. Therefore the rising incidences of orthopedic disorders are expected to increase the demand for joint repairing additives which, in turn, drive the market growth during the forecast period. Some new launches of joint repairing additives have been witnessed. In May 2021, Rousselot, a provider of collagen-based solutions increased its line of pure, pharmaceutical-grade, modified gelatins, with the introduction of X-Pure GelDAT – Gelatin Desaminotyrosine. X-Pure GelDAT provides purity and consistency at a large scale, which is critical for the development of biomedical products that are utilized in the human body.
Market Coverage
o By Product
o By Application
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Joint Repairing Additive Market Report Segmentation
By Product
By Application
Global Joint Repairing Additive Market By Region
North America
Europe
Asia-Pacific
Rest of the World
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