Global Bone and Joint Supplement Market 2017-2021
About Bone and Joint Supplement
Bone and joint supplements are nutritional supplements used along with regular food and/or drugs to get better bone and joint health. These supplements are used in various forms, such as injectable and non-injectable, and comprise various biochemical compositions such as vitamins, chondroitin, collagen, calcium, methyl sulfonyl methane (MSM) and hyaluronic acid, which are required to maintain bone and joint health.
Technavio’s analysts forecast the global bone and joint supplement market to grow at a CAGR of 6.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bone and joint supplement market for 2017-2021. To calculate the market size, the report considers retail sales of bone and joint supplements.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bone and Joint Supplement Market 2017-2021
Technavio recognizes the following companies as the key players in the global bone and joint supplement market: Archer Daniels Midland Company, Cargill, DSM, and ESM Technologies.
Other Prominent Vendors in the market are: BASF, Bergstrom Nutrition, BioScience Nutrition, ETHICAL NATURALS, Kappa Bioscience, Nature's Bounty, and Reckitt Benckiser.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing adoption of ready-to-use nutritional supplements. In many developing countries where people may not be getting adequate nutrition from their food, or due to medical conditions where the nutrients from food are not completely absorbed by the body, people may be advised by a medical practitioner to take ready-to-use nutrients.”
According to the report, one driver in the market is rising incidences of bone diseases and joint replacement surgeries. Bone diseases or bone-related diseases such as arthritis, gout, and tendinitis are considered lifestyle-related diseases. The lack of physical exercise and unhealthy food can lead to health problems like weak bones and joint pain and other bone-related diseases. Besides these, factors such as genetic disorders, deficiency of calcium and vitamin D, bone cancer, and malignant tumor in bone also cause bone diseases.
Further, the report states that one challenge in the market is risk from counterfeit and private-label products. Counterfeit products have always had a negative impact on the growth of a market, and the effect is more in the case of food items and edible products owing to the risk of health hazards they pose. Regulatory bodies such as the Food and Drug Administration (FDA) has set manufacturing standards for both the global and the regional vendors to help mitigate the risks from low-quality health supplements.
Archer Daniels Midland Company, Cargill, DSM, ESM Technologies, BASF, Bergstrom Nutrition, BioScience Nutrition, ETHICAL NATURALS, Kappa Bioscience, Nature's Bounty, and Reckitt Benckiser.
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