Osteotomy Plates Market by Material [Metal Osteotomy Plates (Titanium Osteotomy Plates and Stainless Steel Osteotomy Plates) and Polymer Osteotomy Plates], Application (Knee Surgery and Hip Surgery), and End User (Hospitals, Clinics, and Ambulatory Surgical Centers) - Global Opportunity Analysis and Industry Forecasts, 2017-2023 Update Available On-Demand
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A02318
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Pages: 150
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Sep
2017 |
3207 Views
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Author(s) :
Pallavi Jaiswal and Mayuri Srivastava
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Tables: 99
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Charts: 9.
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Formats*:
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Osteotomy Plates Market Overview:
Osteotomy Plates Market was valued at $506 million in 2016, and is estimated to reach $678 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. Osteotomy plates are plates used to perform surgical bone operation known as osteotomy. This procedure is employed to lengthen or shorten the bone alignments in order to treat bone disorders such as osteoarthritis, dysplasia, bone diseases, and bone injuries.
Increase in the incidence rate of bone-related diseases caused by improper diet or unhealthy lifestyle is the major factor that drives the growth of the osteotomy plates market. In addition, increasing number of road accidents, rise in geriatric population, and high adoption of surgical procedures for safer diagnosis and treatment of bone-related diseases are further expected to boost the market growth.
However, expensive procedural cost of osteotomy surgeries and adverse effects associated with the use of plates hinder the market growth. Rising healthcare infrastructure and healthcare investment, and untapped market opportunities in the developing regions are expected to provide numerous opportunities for the market growth.
Market Dynamics of Osteotomy Plates Market
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Segment Review
The polymer osteotomy plates segment is fastest growing due to rise in the prevalence of osteoporosis, increase in geriatric population, and technological advancements in polymer osteotomy plates segment with reduced complications. In addition, high adoption of these plates and application of marketing strategies by key vendors fosters the growth of this osteotomy plates market.
Osteotomy Plates Market, By Product, 2016 (%)
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Snapshot Of Lamea Osteotomy Plates Market
According to IDF seventh Edition, the number of hip fractures would reach about 655,648 in 2050 in Latin America for population aged 50-64 years, thus, exhibiting growth of 400% from 1990. The presence of large number of people with bone related disorders in this region and developing healthcare facilities are expected to fuel the market growth.
Aged population is more prone to various physical and psychological, changes leading to age-associated diseases of bone such as arthritis, and osteoporosis. According to the United Nations World Population Ageing Report, around 64.4 million people in Africa and 70.9 million people in Latin America and Caribbean belonged to the age group of 60 years and above in 2015. This number is expected to increase to 220.3 million and 200.0 million for Africa and Latin America and Caribbean respectively by 2050. Thus, increasing geriatric population in this region will upsurge the need of osteotomy procedures, thereby boosting the market growth for osteotomy plates.
The increase in affordability in the region has further fueled the osteotomy plates market growth. Moreover, government organizations in this region have focus to improve the healthcare infrastructure by increased funding, which propels the growth of the osteotomy plates market in LAMEA.
Saudi Arabia Osteotomy Plates Market, 20162023 ($Million)
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The list of key players profiled in this report include Arthrex, Inc., Acumed, LLC, Johnson & Johnson, GROUP FH ORTHO, B. Braun Melsungen AG, Zimmer Biomet, Stryker Corporation, aap Implantate AG, Wright Medical Group N.V., OrthoPediatrics Corp., and Amplitude Surgical.
The other key players in the value chain include TriMed, Inc., Tornier, Inc., Medical & Optical Instruments Australia Pty Ltd, Novastep Inc., Integra LifeSciences Corporation, Securos, BioTek Instruments, Inc., and TriMed, Inc.
Key Benefits
- The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides information about the current and upcoming trends in the market from 2016 to 2023, which helps determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.
Osteotomy Plates Market Key Segments:
By Material
- Metal Osteotomy Plates
- Titanium Osteotomy Plates
- Stainless Steel Osteotomy Plates
- Polymer Osteotomy Plates
By Application
- Knee Surgery
- Hip Surgery
- Other Applications
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers (ASCs)
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.3. MARKET SHARE ANALYSIS, 2016
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in the incidence rate of bone-related diseases
3.4.1.2. Rising geriatric population
3.4.1.3. Growing preferences for surgical procedures
3.4.1.4. Increasing number of road accidents
3.4.2. Restraints
3.4.2.1. High cost of osteotomy procedure
3.4.2.2. Complications associated with osteotomy process
3.4.3. Opportunities
3.4.3.1. Growing healthcare infrastructure and increase in healthcare investment in emerging nations
3.4.4. Impact analysis
CHAPTER 4 GLOBAL OSTEOTOMY PLATES MARKET, BY MATERIAL
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. METAL OSTEOTOMY PLATES
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.2.4. Titanium Osteotomy Plates
4.2.4.1. Market size and forecast
4.2.5. Stainless Steel Osteotomy Plates
4.2.5.1. Market size and forecast
4.3. POLYMER OSTEOTOMY PLATES
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 GLOBAL OSTEOTOMY PLATES MARKET, BY APPLICATION
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. HIP SURGERY
5.2.1. Market size and forecast
5.3. KNEE SURGERY
5.3.1. Market size and forecast
5.4. OTHER APPLICATIONS
5.4.1. Market size and forecast
CHAPTER 6 GLOBAL OSTEOTOMY PLATES MARKET, BY END USER
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. HOSPITALS
6.2.1. Market size and forecast
6.3. CLINICS
6.3.1. Market size and forecast
6.4. AMBULATORY SURGICAL CENTERS (ASCS)
6.4.1. Market size and forecast
CHAPTER 7 GLOBAL OSTEOTOMY PLATES MARKET, BY REGION
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.
7.2.5. Canada
7.2.6. Mexico
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. UK
7.3.5. GERMANY
7.3.6. FRANCE
7.3.7. SPAIN
7.3.8. ITALY
7.3.9. REST OF EUROPE
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. CHINA
7.4.5. JAPAN
7.4.6. INDIA
7.4.7. REST OF ASIA-PACIFIC
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Brazil
7.5.5. Saudi Arabia
7.5.6. South Africa
7.5.7. Rest Of LAMEA
CHAPTER 8 COMPANY PROFILES
8.1. ARTHREX, INC.
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. ACUMED, LLC
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. JOHNSON & JOHNSON
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. GROUP FH ORTHO
8.4.1. Company overview
8.4.2. Operating business segments
8.4.3. Business performance
8.4.4. Key strategic moves and developments
8.5. B. BRAUN MELSUNGEN AG
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. ZIMMER BIOMET
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. STRYKER CORPORATION
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.7.4. Key strategic moves and developments
8.8. AAP IMPLANTATE AG
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. WRIGHT MEDICAL GROUP N.V.
8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Business performance
8.9.4. Key strategic moves and developments
8.10. ORTHOPEDIATRICS CORP.
8.10.1. Company overview
8.10.2. Operating business segments
8.10.3. Business performance
8.10.4. Key strategic moves and developments
8.11. AMPLITUDE SURGICAL
8.11.1. Company overview
8.11.2. Operating business segments
8.11.3. Business performance
8.11.4. Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 2. METAL OSTEOTOMY PLATES MARKET, BY REGION, 2016-2023, ($MILLION)
TABLE 3. METAL OSTEOTOMY PLATES MARKET, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 4. METAL OSTEOTOMY PLATES MARKET, BY TYPE, 2016-2023, ($MILLION)
TABLE 5. POLYMER OSTEOTOMY PLATES MARKET, BY REGION, 2016-2023, ($MILLION)
TABLE 6. POLYMER OSTEOTOMY PLATES MARKET, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 7. GLOBAL OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 8. OSTEOTOMY PLATES MARKET FOR HIP SURGERY, BY REGION, 2016-2023, ($MILLION)
TABLE 9. OSTEOTOMY PLATES MARKET FOR HIP SURGERY, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 10. OSTEOTOMY PLATES MARKET FOR KNEE SURGERY, BY REGION, 2016-2023, ($MILLION)
TABLE 11. OSTEOTOMY PLATES MARKET FOR KNEE SURGERY, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 12. OSTEOTOMY PLATES MARKET FOR OTHER APPLICATIONS, BY REGION, 2016-2023, ($MILLION)
TABLE 13. OSTEOTOMY PLATES MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 14. GLOBAL OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 15. OSTEOTOMY PLATES MARKET FOR HOSPITALS, BY REGION, 2016-2023, ($MILLION)
TABLE 16. OSTEOTOMY PLATES MARKET FOR HOSPITALS, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 17. OSTEOTOMY PLATES MARKET FOR CLINICS, BY REGION, 2016-2023, ($MILLION)
TABLE 18. OSTEOTOMY PLATES MARKET FOR CLINICS, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 19. OSTEOTOMY PLATES MARKET FOR AMBULATORY SURGICAL CENTERS (ASCS), BY REGION, 2016-2023, ($MILLION)
TABLE 20. OSTEOTOMY PLATES MARKET FOR AMBULATORY SURGICAL CENTERS (ASCS), BY COUNTRY, 2016-2023, ($MILLION)
TABLE 21. GLOBAL OSTEOTOMY PLATES MARKET, BY REGION, 2016-2023, ($MILLION)
TABLE 22. NORTH AMERICA OSTEOTOMY PLATES MARKET, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 23. NORTH AMERICA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 24. NORTH AMERICA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 25. NORTH AMERICA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 26. U.S. OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 27. U.S. OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 28. U.S. OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 29. CANADA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 30. CANADA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 31. CANADA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 32. MEXICO OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 33. MEXICO OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 34. MEXICO OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 35. EUROPE OSTEOTOMY PLATES MARKET, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 36. EUROPE OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 37. EUROPE OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 38. EUROPE OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 39. UK OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 40. UK OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 41. UK OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 42. GERMANY OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 43. GERMANY OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 44. GERMANY OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 45. FRANCE OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 46. FRANCE OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 47. FRANCE OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 48. SPAIN OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 49. SPAIN OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 50. SPAIN OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 51. ITALY OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 52. ITALY OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 53. ITALY OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 54. REST OF EUROPE OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 55. REST OF EUROPE OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 56. REST OF EUROPE OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 57. ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 58. ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 59. ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 60. ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 61. CHINA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 62. CHINA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 63. CHINA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 64. JAPAN OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 65. JAPAN OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 66. JAPAN OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 67. INDIA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 68. INDIA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 69. INDIA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 70. REST OF ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 71. REST OF ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 72. REST OF ASIA-PACIFIC OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 73. LAMEA OSTEOTOMY PLATES MARKET, BY COUNTRY, 2016-2023, ($MILLION)
TABLE 74. LAMEA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 75. LAMEA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 76. LAMEA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 77. BRAZIL OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 78. BRAZIL OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 79. BRAZIL OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 80. SAUDI ARABIA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 81. SAUDI ARABIA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 82. SAUDI ARABIA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 83. SOUTH AFRICA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 84. SOUTH AFRICA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 85. SOUTH AFRICA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 86. REST OF LAMEA OSTEOTOMY PLATES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 87. REST OF LAMEA OSTEOTOMY PLATES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 88. REST OF LAMEA OSTEOTOMY PLATES MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 89. ARTHREX, INC.: COMPANY SNAPSHOT
TABLE 90. ACUMED, LLC: COMPANY SNAPSHOT
TABLE 91. JOHNSON & JOHNSON: COMPANY SNAPSHOT
TABLE 92. GROUP FH ORTHO: COMPANY SNAPSHOT
TABLE 93. B. BRAUN MELSUNGEN AG: COMPANY SNAPSHOT
TABLE 94. ZIMMER BIOMET: COMPANY SNAPSHOT
TABLE 95. STRYKER CORPORATION: COMPANY SNAPSHOT
TABLE 96. AAP IMPLANTATE AG: COMPANY SNAPSHOT
TABLE 97. WRIGHT MEDICAL GROUP N.V.: COMPANY SNAPSHOT
TABLE 98. ORTHOPEDIATRICS CORP.: COMPANY SNAPSHOT
TABLE 99. AMPLITUDE SURGICAL: COMPANY SNAPSHOT
LIST OF FIGURES
FIGURE 1. OSTEOTOMY PLATES MARKET SEGMENTATION
FIGURE 2. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION, (2014-2016)
FIGURE 3. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 4. TOP WINNING STRATEGIES: NATURE AND COMPANY
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. MARKET SHARE ANALYSIS, 2016
FIGURE 7. IMPACT ANALYSIS, 2016
FIGURE 8. TITANIUM OSTEOTOMY PLATES MARKET ($MILLION), 2016-2023
FIGURE 9. STAINLESS STEEL OSTEOTOMY PLATES MARKET ($MILLION), 2016-2023
Osteotomy procedure is on a continuous rise globally; thus, the development of effective osteotomy plates is required for a successful osteotomy surgery. This surgery utilizes osteotomy plates to fix the fractures or impaired bones by cutting the bones and then requires careful planning of placing the plates.
Furthermore, increase in incidence of bone-related disorders, the advent of better osteotomy plates such as biocompatible plates, rise in geriatric population, and growth in prevalence of surgical procedures drive the growth of the osteotomy plates market. Geographically, Asia-Pacific possesses high market potential, especially emerging economies (such as China & India) owing to the increase in healthcare expenditure and growth in geriatric population coupled with high incidence of bone impairments.
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