Bone Growth Stimulators Market Outlook 2031
- The global bone growth stimulators market was valued at US$ 1.2 Bn in 2021
- The global market is projected to grow at a CAGR of 5.8% from 2022 to 2031
- The global bone growth stimulators market is anticipated to reach more than US$ 2 Bn by the end of 2031
Overview of Bone Growth Stimulators Market
Bone growth stimulator provides painless electrical or ultrasound stimulation, which promotes bone growth and facilitates faster bone healing. Several orthopedic surgeons recommend this device in patients with history of smoking. They also recommend this device when bones and fracture patterns & open wounds do not heal properly because of impaired blood flow. The device is also recommended in spinal fusion surgery or cervical fusion surgery.
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Minimally invasive and non-invasive surgical treatments are linked to a set of benefits such as small incisions and reduced blood loss. Demand for bone growth stimulators is increasing due to the inclination of patients toward such types of surgeries. Rise in number of accidents, fractures, and spinal injuries is a major factor propelling the global bone growth stimulators market. According to the World Health Organization (WHO), around 250,000 to 500,000 people across the globe suffer from spinal cord injuries annually, primarily due to road accidents, falls, and violence.
Rise in Prevalence of Orthopedic Diseases to Augment Global Market
According to the Arthritis Foundation, degenerative joint disease disorders, such as osteoarthritis, are likely to affect nearly 130 million individuals across the globe by 2050. Rise in prevalence and increase in burden of orthopedic diseases has led to a surge in the patient pool undergoing minimally invasive surgeries globally. This has resulted in high demand for bone growth stimulators. High prevalence of bone marrow transplants and bone cancers is also augmenting the demand for bone stimulators.
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The prevalence of osteoarthritis increases with age. The Arthritis Foundation states that osteoarthritis affects nearly 10% of the world’s population over the age of 60. Therefore, increase in prevalence of orthopedic disorders is anticipated to augment the global bone growth stimulators market during the forecast period. Healthcare practitioners are carrying out advanced research in bone biology in order to increase patient outcomes. They are also increasing the usage of bone densitometers, which are advanced equipment and enhanced form of x-ray technology used to measure bone loss.
Increase in Accidents, Fractures, and Spinal Injuries to Propel Global Bone Growth Stimulators Market
The number of road accidents is increasing at a rapid pace in developing as well as developed countries across the globe. Majority of road accidents have a high impact on the spine and bones of the person, limiting movement along with loss of productive days.
According to the National Spinal Cord Injury Statistical Center, the annual incidence of spinal injuries is nearly 54 cases per one million people in the U.S., i.e. nearly 17,700 new cases each year. According to Centers for Disease Control and Prevention statistics, around 31.0 million patient visits for unintentional or accidental injuries are reported every year. Bone stimulators for fracture are associated with less pain during the recovery period and low rates of persistent nonunions. However, there is a need for more research on their usage and effectiveness.
Fracture healing is a long and complicated process. In some cases, there is a high chance that the fracture will not heal at all, leading to bone loss. In such cases, bone growth stimulators prove helpful. Orthopedic surgeons use electric and electromagnetic fields in the bone healing process. This is propelling the demand for bone growth stimulators.
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Growth in Adoption of Portable, Battery-powered Bone Growth Stimulators to Boost Devices Segment
In terms of product, the global bone growth stimulators market has been classified into devices, bone morphogenetic protein (BMP), and platelet rich plasma (PRP). The devices segment has been split into external devices and implantable devices. External devices have been categorized into pulsed electromagnetic field devices, combined magnetic field devices, capacitive coupling devices, and ultrasonic devices.
The devices segment dominated the global bone growth stimulators market in 2021. This trend is projected to continue during the forecast period. Increase in usage of portable, battery-powered bone growth stimulators for the treatment of nonunion fracture; and rise in the adoption of external bone growth stimulators are anticipated to drive the devices segment during the forecast period. Apart from bone growth devices, manufacturers are increasing the production of bone glues and bone cement to boost the availability of supplemental products to improve bone healing in patients.
Rise in Usage of Bone Growth Stimulator as Supplemental Device to Bolster Spinal Fusion Surgeries Segment
Based on application, the global bone growth stimulators market has been segregated into spinal fusion surgeries, delayed union & nonunion bone fractures, oral & maxillofacial surgeries, and others. The spinal fusion surgeries segment accounted for majority of the market share in 2021. Increase in usage of bone growth stimulator as a supplemental device during lumbar spine surgery is expected to drive the segment.
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The delayed union & nonunion bone fractures segment is likely to grow at a high CAGR during the forecast period, owing to the rise in prevalence of osteoporosis, fractures, and other disorders.
Growth in Surgical Procedures for Orthopedic Disorders Augmenting Hospitals & Clinics Segment
In terms of end-user, the global bone growth stimulators market has been divided into hospitals & clinics, home care, academic & research institutes, and CROs.
The hospitals & clinics segment held a relatively large share of the global bone growth stimulators market in 2021. The segment's large share can be attributed to a rise in the number of surgical procedures performed for the treatment and management of orthopedic disorders.
Increase in Adoption of Bone Growth Stimulators in Emerging Economies to Propel Market
Adoption of bone growth stimulators is increasing in developing countries of Asia Pacific, owing to the rise in minimally invasive surgical procedures, increase in disposable income of the people, and strengthening of healthcare infrastructure in the region. International players are adopting various strategies for geographic expansion, thereby increasing the availability of technologically advanced devices for bone healing and growth.
The usage of pulsed electromagnetic field (PEMF) bone growth stimulators is increasing in Asia Pacific due to the rise in number of fractures and accident cases in countries such as India. Additionally, higher demand and usage of healthcare services is expected to offer significant opportunities to the market in these countries.
Regional Outlook of Global Bone Growth Stimulators Market
North America accounted for the largest share of around 40% of the global bone growth stimulators market in 2021. The market in the region is projected to grow at a CAGR of 5.8% from 2022 to 2031. Companies are increasing the availability of electrical bone growth stimulators that play an instrumental role post spinal fusion surgeries.
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Asia Pacific is anticipated to be the fastest-growing market for bone growth stimulators during the forecast period. The market in the region is expected to register a CAGR of 6.8% during the forecast period. Med-tech companies in this region are innovating bone stimulators that can be used for the treatment of people with pseudarthrosis (false joint) and for people with skeletal immaturity.
Analysis of Key Players in Bone Growth Stimulators Market
The global bone growth stimulators market is fragmented due to the presence of a large number of key players. Most of the companies are investing significantly in research & development activities. Diversification of product portfolio and mergers & acquisitions are key strategies adopted by the market players. Leading players operating in the global market include Zimmer Biomet, Terumo Corporation, Bioventus, Inc., Orthofix Medical, Inc., Ossatec Benelux BV, BTT Health GmbH, Stimulate Health, and Medtronic, plc.
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Osteoporosis and osteoarthritis are among the common disabling joint disorders that are affecting millions of elderly people across the world.
The cause of delayed bone healing and fractures is not known, however, it is creating a large economic impact on the market of bone growth stimulators.Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-828Various alternative therapies and treatments for fractures, which include synthetic bone grafts, amputation, and allografts, as well as non-invasive therapies, such as electrical bone growth stimulation and low-intensity ultrasound stimulations, have been introduced, which are responsible for driving the global bone growth stimulators market.
According to the World Bank, around 1.25 million people get injured in road accidents, which leads to fractures and the requirement of fusion surgeries for their treatment every year.
These are some of the prime factors that are expected to drive the global Bone growth stimulators market over the forecast period 2019-2029.Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-828The North America bone growth stimulators market and Europe bone growth stimulators market combined are expected to hold a share of approximately 65% of the global bone growth stimulators market during the forecast period.
Non-invasive bone growth stimulators are also segmented into various other sub-segments such as Capacitive Coupling (CC) devices, Pulsed Electromagnetic Field (PEMF) devices, Combined Magnetic Field (CMF) devices, and ultrasound bone growth stimulators.
Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-828Based on applications, the bone growth stimulators market has been segmented into trauma injury & fractures, spinal fusion surgeries, and osteogenesis.
The External Bone Growth Stimulators Market report published by Market.us is an extensive anthology of the essential strand of the External Bone Growth Stimulators market, assessed thoroughly by our team of the inquisitor.
The market infiltration report offers perspicacious data and information relevant to the market to familiarize the readers with the lucrative growth anticipation existing in this industry, eventually helping them contrive effective business strategies.
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It further focuses on their pricing analysis, gross revenue, product portfolio, sales network & distribution channels, profit margins, and financial estimation.
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The global External Bone Growth Stimulators market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025.This report focuses on External Bone Growth Stimulators volume and value at global level, regional level and company level.
From a global perspective, this report represents overall External Bone Growth Stimulators market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Key Benefits for External Bone Growth StimulatorsMarket:This study includes the global External Bone Growth Stimulatorsmarket analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global External Bone Growth Stimulatorsmarket opportunity.The global External Bone Growth Stimulatorsmarket size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the External Bone Growth Stimulatorsindustry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-external-bone-growth-stimulators-2019-241The following manufacturers are covered:Orthofix International N.V. (U.S.)Medtronic plc (Ireland)Zimmer Biomet Holdings, Inc. (U.S.)DJO Finance LLC (U.S.)Bioventus LLC (U.S.)Stryker Corporation (U.S.)DePuy Synthes (U.S.)Arthrex, Inc. (U.S.)Isto Biologics (U.S.)Harvest Technologies Corporation (U.S.)Segment by RegionsNorth AmericaEuropeChinaJapanSegment by TypeCombined Magnetic Field (CMF) DevicesCapacitive Coupling (CC) DevicesPulsed Electromagnetic Field (PEMF) DevicesSegment by ApplicationSpinal Fusion SurgeriesDelayed Union & Nonunion Bone FracturesOral and Maxillofacial SurgeriesOthersResearch objectivesTo study and analyze the global External Bone Growth Stimulatorsconsumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of External Bone Growth Stimulatorsmarket by identifying its various subsegments.Focuses on the key global External Bone Growth Stimulatorsmanufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the External Bone Growth Stimulatorswith respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of External Bone Growth Stimulatorssubmarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC at https://www.24marketreports.com/life-sciences/global-external-bone-growth-stimulators-2019-241CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
