Industry Background:
According to the World Health Organization, by 2020, Osteoarthritis will become one of the most common causes for disability worldwide due to the progressive aging of the population. Supporting bone and joint health is therefore essential and demands the need for an effective Bone and Joint Supplements. Bone and joint supplements are nutritional supplements that are incorporated with daily diet or drugs to strengthen the bone and joint health. There has been a development of new Health Supplements by the Manufacturers in order to strengthen the bones of consumers. This factor is anticipated to drive the Global Bone and Joint Supplements. Moreover, the rising disease such as osteoarthritis, rheumatoid arthritis demands the need for a benefiting Joint Supplements.
According to AMA Research, the market for Bone and Joint Supplements is expected to register a CAGR of 7.7% during the forecast period to 2027. This growth is primarily driven by Health Benefits of Supplements
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Key Companies in Study | Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Koninklijke DSM N.V. (Netherlands), ESM Technologies (United States), BASF SE (Germany), Bergstrom Nutrition (United States), BioScience Nutrition (Ireland) and Ethical Naturals (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Supplies sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Koninklijke DSM N.V. (Netherlands), ESM Technologies (United States), BASF SE (Germany), Bergstrom Nutrition (United States), BioScience Nutrition (Ireland) and Ethical Naturals (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
February 2018, Iontec developed Osteosil, an innovative patented product active with organic silicon and phosphorus. It is scientifically proven for bones and joints health benefits such as anti-inflammatory activity, reduction of cartilage lesions, high bones mineral density, and stimulation of bone formation. and The company has also combined the benefits of highly-bioavailable silicon with marin collagen in Collasil OSA Orthosilicic acid (OSA) to support bones and joints.The market is fragmented with numerous players who are involved in distinguishing their product and service offerings to attain a competitive advantage in the market. They are also involved in many collaborations to enhance their product. For instance, in 2017, NattoPharma announced a new partnership with Nutriangels, a pioneering nutraceutical brand with highly innovative products that include chelated minerals, further expanding the presence of MenaQ7® Vitamin K2 as MK-7 in Brazil.
Market Drivers
- Health Benefits of Supplements
- High Demand of Dietary Supplements among Geriatric Population
- Preventive Measures Taken by the Consumers to Reduce Lifestyle Diseases
Market Trend
- Increasing Disposable Income
- Companies are Launching New Dietary Supplements to Prevent Nutritional Deficiencies and Other Diseases
Restraints
- Alternatives Available in the Market for the Supplements
Opportunities
Online Purchase of Bone and Health Supplements and Rising Surgeries to Treat Bone and Joint Diseases Resulting in Increased Use of Supplements
Challenges
The risk from Counterfeit and Private-label Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bone and Joint Supplements Study Sheds Light on
The Bone and Joint Supplements Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bone and Joint Supplements industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bone and Joint Supplements industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.