The noteworthy Bone Growth Stimulator Market research report presents a telescopic view of the current market trends, developing goods, conditions, and prospects. It is a confirmed and consistent source of information. This information is really important for propelling corporate development. The report includes specific and current data regarding the needs, preferences, and varying tastes of consumers with regard to a given product. General market circumstances, the market's growth scenario, potential barriers, significant industry trends, market size, market share, sales volume, and future trends are all conservatively estimated in the Bone Growth Stimulator Market Report.
Highly skilled individuals have dedicated a great deal of effort to doing market research analysis and organizing a comprehensive Bone Growth Stimulator Market study. The report also provides information on sustainability initiatives and income growth. All of the leading competitors' and brands' company profiles are included in this global market analysis. This study provides clients with information on their business scenario, helping them to keep one step ahead of the competition in the rapidly evolving business world of today. Growing end-user demand is expected to fuel the Bone Growth Stimulator Market industry's growth throughout the forecast period.
Explore Further Details about This Research Bone Growth Stimulator Market Report https://www.databridgemarketresearch.com/reports/global-bone-growth-stimulator-market
Bone growth stimulators are increasingly being used to treat delayed union and non-union after fracture, ankle fusion, and spinal fusion. There is substantial basic science, animal research, and clinical evidence to support the use of bone growth stimulation. Aging people are more prone to osteoarthritis and gouty arthritis. According to the Arthritis Foundation, over 50 million Americans suffered from arthritis in 2016, with that figure expected to rise to 78.4 million by 2040. As a result, the prevalence of arthritis is driving demand for these products.
Data Bridge Market Research analyses that the bone growth stimulator market which was USD 1,270.80 million in 2022, expected to reach USD 2,010.23 million by 2030, and is expected to undergo a CAGR of 5.9% during the forecast period 2023 to 2030. This indicates the market value. “Bone Growth Stimulation Devices” dominates the product segment of the bone growth stimulator market owing to the growing demand for better methods of bone related treatment. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
A bone growth factor is a growth factor that promotes the growth of bone tissue. Following a fracture or spinal fusion surgery, the therapy recommended by the surgeons is known as a bone growth stimulator, which aids in the faster healing of fractures. They are also known as osteogenesis stimulators and deliver painless ultrasound. They are extremely beneficial in cervical and lumbar spine surgery.
Global Bone Growth Stimulator Market Dynamics
Drivers
- Rising Incidence of Trauma and Accident Cases
Osteoarthritis is regarded as one of the most common articular diseases among people over the age of 65. According to the centers for disease control and prevention (CDC), an estimated 63 million Americans have arthritis, with that number expected to rise to 78 million by 2040. Furthermore, according to World Population Prospects: The 2019 revision data, 1 in 11 people in 2019 were over the age of 65. This figure is expected to rise to one in every six people by 2050.
- Rising Number of Bone Fracture Cases
The growing number of bone fracture cases and the effectiveness of external bone growth stimulators in healing fractures are driving up demand of the products. According to a study published in the Archives of Osteoporosis, 2020, fragility fractures in the five largest European Union countries plus Sweden (EU6) accounted for 2.7 million in 2017 and are expected to reach 3.3 million by 2030, a 23% increase from 2017.
Global Bone Growth Stimulator Market Scope
The global bone growth stimulator market is segmented on the basis of product, application, and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Bone Growth Stimulation Devices
- External Bone Growth Stimulators
- Ultrasonic Bone Growth Stimulators
- Implanted Bone Growth Stimulators
- Bone Morphogenetic Proteins
- Platelet-Rich Plasma
Application
- Spinal Fusion Surgeries
- Delayed Union and Non-union Bone Fractures
- Oral and Maxillofacial Surgeries
End-Users
- Clinics and Hospitals
- Home Care
- Academic and Research Institutes
- CROs
Some of the major players operating in the global bone growth stimulator market are:
- Zimmer Biomet (U.S.)
- Bioventus (U.S.)
- Synergy Orthopedics (U.S.)
- Ito Co., Ltd. (Japan)
- Boston Scientific Corporation (U.S.)
- BTL (Canada)
- Cyberonics, Inc. (U.S.)
- DJO LLC (U.S.)
- Medtronic (Ireland)
- Nevro Corp (U.S.)
- NeuroMetrix, Inc (U.S.)
- Abbott (U.S.)
- Uroplasty Inc (U.S.)
- Cogentix Medical (U.S.)
- Aleva Neurotherapeutics (Switzerland)
- NeuroPace Inc. (U.S.)
- AxioBionics (U.S.)
- Beurer GmbH (Germany)
- Omron Healthcare, Inc. (Japan)
- RS Medical (Japan)
- Stryker (U.S.)
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Bone Growth Stimulator Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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