Bone Growth Stimulator Market - Trends Forecast Till 2028

The Bone Growth Stimulator Market is segmented by Product (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), and Platelet-rich Plasma (PRP)), Application (Spinal Fusion Surgeries, Delayed Union and Non-Union Bone Fractures, Oral and Maxillofacial Surgeries, and Other Applications), End User (Hospitals and Clinics, Home Care, and Other Applications) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-HC-BGSM-915

Format:  

Number of Pages: 341

Domain: Healthcare

Bone Growth Stimulator Market – Trends Forecast Till 2028

The bone growth stimulator market was valued at approximately USD 985 million in 2020 and is expected to a CAGR of 6.9% over the forecast period.

A bone growth stimulator is a device that stimulates the natural healing of bones by sending low‑level pulses of electromagnetic energy to the injury or fusion site. A bone growth stimulator is beneficial after a multi-level fusion procedure or for patients who have certain comorbidities, such as smoking addiction or diabetes.

The rising incidence of bone and joint disorders, growing demand for non-invasive and minimally invasive surgeries across the world, and the growing geriatrics population are some of the factors that have supported long-term expansion for Bone Growth Stimulator Market.

The impact of COVID-19 on the studied market is expected to be significant. On one hand, due to the lockdown and travel restriction imposed to combat the transmission of the COVID-19 virus, incidences of road accidents and consequent fractures and injuries have reduced, which has highly impacted the studied market.

Bone Growth Stimulator Market Size Analysis

North America holds the largest share of the bone growth stimulator market. This is majorly attributed to the increasing geriatric population and the growing burden of orthopaedic diseases in the region.

Bone Growth Stimulator Market is segmented into product, application, end user and region.

On the basis of Product

  • Bone Growth Stimulation Devices
  • Bone Morphogenetic Proteins (BMP)
  • Platelet-Rich Plasma (PRP)

On the basis of Application

  • Spinal Fusion Surgeries
  • Delayed Union & Non-union Bone Fractures
  • Oral and Maxillofacial Surgeries

On the basis of End-User

  • Hospitals and clinics
  • Home care

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Bone Growth Stimulator Market Primary Respondent

 

Key Players

  • Medtronic plc
  • Johnson and Johnson (Depuy Synthes)
  • Bioventus LLC
  • Orthofix International N.V.
  • Zimmer Biomet
  • Stryker Corporation

Recent Developments

  • In February 2020, Orthofix Medical Inc. received US FDA approval for its STIM on Track, mobile app version 2.1 to advance the treatment with its bone growth stimulators such as CervicalStim, SpinalStim, and PhysioStim.
  • In January 2020, Medtronic acquired Stimgenics to expand its portfolio in the Differential Target Multiplexed Spinal Cord Stimulation Therapy.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Bone Growth Stimulator Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 6.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

product, application, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Medtronic plc, Johnson and Johnson (Depuy Synthes), Bioventus LLC, Orthofix International N.V., Zimmer Biomet, and Stryker Corporation.

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