Bone And Joint Health Supplements Market Size
Pharmaceuticals

Overview Of The Bone And Joint Health Supplements Market 2023-2032: Growth And Major Players Analysis

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global bone and joint health supplements market is expected to grow from $11.84 billion in 2022 to $12.85 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The bone and joint health supplements market is expected to grow to $17.54 billion in 2027 at a CAGR of 8.0%.

North America was the largest region in the bone and joint health supplements market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period.

Bone And Joint Health Supplements Market Driver
The rising prevalence of osteoporosis is likely to drive future growth in the bone and joint health supplements industry. People who consume less calcium are more prone to develop osteoporosis. A lack of calcium throughout one’s life contributes to the development of osteoporosis. It refers to a bone condition in which the quality or structure of the bones changes or when bone mass and mineral density are lost. The bone and joint health supplements are designed to prevent fractures by slowing bone loss and perhaps increasing bone density. For example, according to estimates provided by Amgen, a US-based biotechnology company, in May 2022, osteoporosis causes around 1.5 million fractures in the United States each year, costing $19 billion in associated expenditures.Furthermore, from 2018 to 2040, the annual number of fractures caused by osteoporosis is anticipated to increase by 68%, from 1.9 million to 3.2 million. As a result, an increase in the prevalence of osteoporosis will boost the market for bone and joint health supplements.

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Prominent Bone And Joint Health Supplements Market Trend
Product innovation has emerged as a significant trend that is gaining traction in the bone and joint health supplements industry. Many companies in the bone and joint health supplements market are focused on developing new products to maintain their market position. Liquid fill technology and nanotechnology have recently been used in the creation of bone and joint health supplements on the market. This technical advancement ensures that the correct amount of liquid is filled into bottles and containers. For example, Laboratorios Ordesa, a Spanish newborn nutrition and nutritional supplement firm, will develop Colnatur® Forte in July 2020, a revolutionary dietary supplement that is especially suggested for the intensive treatment of bones and joints. The product’s one-of-a-kind formula includes b-2Cool®, a native type II collagen from Bioiberica, as well as vitamin C, willow extract, and devil’s claw (harpagophytum procumbens) extract. B-2Cool®, a proprietary component of Bioiberica, provides native type II collagen.

Bone And Joint Health Supplements Market Prominent Players
Major players in the bone and joint health supplements market are Nature`s Bounty Inc., Procter & Gamble, Amway, BASF SE, Archer Daniels Midland, Reckitt Benckiser, Pfizer Inc., Vita Life Sciences Ltd., Glanbia Plc, Nutramax Laboratories Consumer Care Inc., Koninklijke DSM N.V., Xtend-Life, Bergstrom Nutrition Inc., BioScience Nutrition, Herbs Nutriproducts Pvt Ltd., Arazo Nutrition, Vitawin, Pure Encapsulations LLC, and Abbott Laboratories.

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Key Bone And Joint Health Supplements Market Segments
The global bone and joint health supplements market is segmented –
1) By Type: Vitamin D, Vitamin K, Calcium, Collagen, Omega-3 Fatty acids, Glucosamine-Chondroitin, Other Type
2) By Form Type: Tablets, Capsules, Liquid, Powder, Other forms
3) By Application Type: Dietary Supplements, Functional Foods and Beverages, Other application types
4) By Distribution Channel Type: Supermarkets/Hypermarkets, Pharmacies, Health Stores, Convenience Stores, Internet Retailing, Other Distribution Channels

The Bone And Joint Health Supplements Global Market Report 2023  provides a comprehensive overview on the bone and joint health supplements market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bone and joint health supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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