Bone Growth Stimulator Market Overview
The Bone Growth Stimulator Market research report provides valuable insights by analyzing market trends and market scenarios over a defined period. It also presents manufacturing details like sales, volume, revenue, price, and gross margin. Furthermore, the import-export analysis, pricing analysis is also included in the report to understand the product demand and service. Finally, it also provides end-user application analysis, which delivers revenue, growth percentage of the product across the different applications. Moreover, the report also highlights the COVID-19 impacts on the Bone Growth Stimulator Market and guides in overcoming the challenges during this pandemic.
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)
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.
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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 Regional 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.
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Bone Growth Stimulator Market Competitive Landscape
Key Players
· Medtronic plc
· Johnson and Johnson (Depuy Synthes)
· Bioventus LLC
· Orthofix International N.V.
· Zimmer Biomet
· Stryker Corporation
Recent Developments in The Bone Growth Stimulator Market
· 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 Bone Growth Stimulator Market Report
· 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
Table of Contents
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
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According to the new market research report “ Bone Growth Stimulator Market by Product (Device, Bone Morphogenetic Protein, PRP), Application (Spinal Fusion, Delay Union & Non-union Bone Fracture, Oral-maxillofacial), End User (Hospitals, Home Care, Academia, CROs) - Global Forecasts to 2022” ", published by MarketsandMarkets™,The global bone growth stimulator market is estimated to reach USD 1.41 billion by 2022 from 1.03 billion at a CAGR of 5.4% during the forecast period.
Don’t miss out on business opportunities in Bone Growth Stimulator MarketProcedural benefits offered by bone stimulation devices in bone fracture treatment :Bone growth stimulation devices offer a cost-effective and safer alternative mode to treat orthopedic diseases as compared to traditional surgical therapies for nonunion bone fractures.
These devices have been reported to shorten the patient’s hospital stay as well as lessen the risks of complications and infections.
This is expected to aid the adoption of bone growth stimulation products among key end users.
This is also augmented by clinical evidence that validates the clinical efficacy of bone growth stimulation products in the effective and rapid bone regeneration as compared to traditional methodologies.Browse and in-depth TOC on “ Bone Growth Stimulator Market “66 - Tables67 - Figures 153 - PagesSpeak to Our Subject Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=82341383Target AudienceBone growth stimulation products manufacturing companiesHealthcare institutions (hospitals and outpatient clinics)Distributors and suppliersResearch laboratories and academic institutionsGovernment and regulatory authoritiesNon-government and other associations/organizationsMarket research and consulting firmsContract research organizations (CROS) and contract manufacturing organizations (CMOS)Critical questions the report answers:What are the key growth strategies adopted by major global players to strengthen their market position across emerging and established regions?Greater clinical applications of PRP kits for early orthopedic recovery is an emerging market trend.
What revenue impact will it have in the coming years on the overall bone growth stimulator industry?Emerging countries have immense opportunities for the growth of bone growth stimulators, will this scenario continue?Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=82341383
In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.
The Bone growth Stimulator Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
Few of the leading organizations’ names are listed here- Zimmer Biomet, Bioventus, Synergy Orthopedics, Ito Co., Ltd., DePuy Synthes, DJO Global, Ossatec Benelux BV, Orchid Medical Centre, TERUMO BCT, INC., Isto Biologics,, Arthrex, Inc., Smith & Nephew, Stryker, Medtronic, Orthofix Holdings, Inc., Ember Therapeutics., Regen Lab SA, elizur Corporation.
Global Bone growth Stimulator Market is expected to rise from its initial estimated value of USD 1.13 billion to an estimated value of USD 1.74 billion by 2026, registering a CAGR of 5.57% in the forecast period of 2019-2026.Grab Sample Report + All Related Tables & Charts of Global Bone growth Stimulator Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-bone-growth-stimulator-marketMarket Definition: Global Bone growth Stimulator MarketAfter a fracture or spinal fusion surgery, the therapy which is suggested by the surgeons for the aiding is called bone growth stimulator which helps in the faster healing of the fractures.
The report includes market shares of bone growth stimulator market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.Bone growth Stimulator Market Country Level AnalysisBone growth Stimulator market is analysed and market size insights and trends are provided product & services, sample type, storage type, application, type of biobank and ownership as referenced above.The countries covered in the biobanking market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
Recent Developments in the Market:In January 2017, Orthofix International NV got FDA and CE approval for their new bone growth stimulators.
