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Avascular Necrosis Market Growth Projections and Opportunities
Avascular necrosis, also known as osteonecrosis or ischemic bone necrosis, is a condition where bone tissue dies due to a lack of blood supply. This can cause tiny breaks in the bone and eventually lead to its collapse. It's more common in people aged 30 to 50, and in recent years, the occurrences of this condition have been increasing.
This rise in avascular necrosis cases has resulted in a higher demand for therapeutic surgeries to address this condition. This increase in demand for surgeries is directly linked to the growing instances of avascular necrosis. The prevalence of avascular necrosis has seen a rise in recent years, often associated with other diseases like cancer, further emphasizing the importance of addressing this medical condition.
According to a study published in the Journal of the Korean Association of Oral and Maxillofacial Surgeons, the prevalence of bisphosphonate-related necrosis was estimated to be around 2.6% in 2013. The increase in cases related to bisphosphonate-related necrosis has also contributed to the growth of the market for treatments targeting avascular necrosis.
Looking at the market projection, the global avascular necrosis market is anticipated to expand significantly, reaching an estimated market value of USD 1087.1 million by 2024. This is a notable increase from USD 699.6 million in 2017, reflecting a substantial growth trajectory. Forecasts suggest that the number of avascular procedures performed will rise from 1,314,107 in 2016 to an estimated 2,913,014 by 2024, indicating a substantial increase in addressing this condition.
The growing demand for therapeutic procedures and treatments for avascular necrosis is driving the market's growth. The rise in cases, especially those linked to conditions like bisphosphonate-related necrosis, is amplifying the need for effective treatments and surgeries to address this condition. This increased demand for procedures and therapies is expected to sustain and further fuel the growth of the avascular necrosis market in the foreseeable future.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.5 Billion |
| Market Size Value In 2023 | USD 0.53 Billion |
| Growth Rate | 6.50% (2023-2032) |
Avascular Necrosis Market Highlights:
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