The global bone growth stimulators market size was estimated to be US$ 0.95 billion in 2020 and is estimated to reach US$ 1.55 billion by 2031 at a CAGR of 9.4%.
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.
Based on statistics given by, Clinical Pharmacy and Therapeutics, 2020, the populace aged 55 and above turned out to be more tending to bone cracks during the pandemic because of absence of out-of-home exercises, inactive way of life, and diminished exposure to sunlight/daylight along with ensuing Nutrient D inadequacy. Maturing people are the most vulnerable category of populace to osteoarthritis and gouty joint pain. As articulated by Arthritis Foundation, more than 67.2 million Americans were experiencing joint inflammation in 2019, and this number is relied upon to reach 82.7 million by 2041.
Additionally, thriving frequency of cases registered of spinal issues that are age related and fractures are driving the market. Moreover, poor lifestyles and unhealthy eating choices among the global population are weakening the bones. Subsequently, given the previously mentioned factors, the bone growth stimulator market is expected to observe huge growth during the forecast period internationally. What's more, the accessibility of cutting-edge items, like CMF OL1000 Bone Growth Stimulators and CMF SpinaLogic Bone Growth Stimulators, is postulated to support market improvement during the coming years.
In addition, external stimulator gadgets are more low-priced when contrasted with intrusive internal gadgets, which is projected to build their usage in developing nations like South Africa, India, and China. Coronavirus outbreak worldwide is postulated to affect the examined market growth significantly during the speculation period.
Northwell Health performed around 3,170 crisis orthopedic medical procedures during a 4-week time span at its 16 orthopedic emergency clinic destinations in the US during the Coronavirus pandemic. These factors cited above are relied upon to help the growth of the segment during 2022-2032.
Global Bone Growth Stimulators Market Value Share Analysis, by Geography (2022)
The report titled “Global Bone Growth Stimulators Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 2032 is the forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Bone Growth Stimulators Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Bone Growth Stimulators market is segmented based on Product type, application type, end use type and region. Based on Product type, the Bone Growth Stimulators market is segmented into External BGS, Implanted BGS, Ultrasonic BGS, Bone Morphogenetic Proteins (BMP), Platelet-Rich Plasma, others. Based on Application type, the Bone Growth Stimulators market is segmented into Spinal Fusion Surgeries, Delayed Union, and Non-union Bone Fractures, Oral and Maxillofacial Surgeries, Others. Based on End use type, the Bone Growth Stimulators market is segmented into Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others. Based on geography, the Global Bone Growth Stimulators Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Bone Growth Stimulators Market. Further, market share of prominent companies in the Global Bone Growth Stimulators Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Bone Growth Stimulators companies. The Global Bone Growth Stimulators Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Bone Growth Stimulators business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Bone Growth Stimulators Market.
The key players of the Global Bone Growth Stimulators Market are Medtronic plc, Johnson and Johnson, Depuy Synthes, Bioventus LLC, Orthofix International N.V., Zimmer Biomet, and Stryker Corporation, and others.
Global Bone Growth Stimulators Market Key Segments:
Based on product Type
Based on Application Type
Based on End use Type
By Region
The global Bone Growth Stimulators market was worth US$ 0.95 billion in 2020.
The global Bone Growth Stimulators market is expected to register a CAGR of 9.4% between 2022 and 2032.
Key Bone Growth Stimulators market players are Medtronic plc, Johnson and Johnson, Depuy Synthes, Bioventus LLC, Orthofix International N.V., Zimmer Biomet, and Stryker Corporationand others.
Thriving frequency of cases registered of spinal issues that are age related and fractures are driving the market. Moreover, poor lifestyles and unhealthy eating choices among the global population are weakening the bones. Subsequently, given the previously mentioned factors, the bone growth stimulator market is expected to observe huge growth during the forecast period internationally.
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