Global Bone Growth Stimulator Market
The global Bone Growth Stimulator Market was valued at USD 0.99 billion in 2016 and is projected to reach USD 1.56 billion by 2025, growing at a CAGR of 5.1% from 2017 to 2025.
Electrical bone growth stimulators are a supplemental form of therapy to help enhance the bodyâ€™s bone healing process. With increase in spinal injuries and cord related health issues, paired by rise in geriatric population, the market value is also increasing all over the globe.
1. Market Drivers
1.1 Increasing demand for noninvasive or minimally invasive techniques
1.2 Growing Target patient population
1.3 Procedural Benefits Offered By Bone Stimulation Devices
2. Market Restraints
2.1 Limited reimbursements
2.2 High treatment cost
1. Global Bone Growth Stimulator Market, by Application:
1.1 Spinal Fusion Surgeries
1.2 Delayed Union & Nonunion Bone Fractures
1.3 Oral and Maxillofacial Surgeries
1.4 Other Applications
2. Global Bone Growth Stimulator Market, by End User:
2.1 Hospitals & Clinics
2.2 Home Care
2.3 Academic & Research Institutes and CROS
3. Global Bone Growth Stimulator Market, by Product:
3.1 Bone Growth Stimulation Devices
3.1.1 External Bone Growth Stimulators
18.104.22.168 Pulsed Electromagnetic Field Devices
22.214.171.124 Capacitive Coupling Devices
126.96.36.199 Combined Magnetic Field Devices
3.1.2 Implanted Bone Growth Stimulators
3.1.3 Ultrasonic Bone Growth Stimulators
3.2 Bone Morphogenetic Proteins
3.3 Platelet-Rich Plasma
4. Global Bone Growth Stimulator Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Orthofix International N.V.
2. DJO Finance LLC
3. Zimmer Biomet Holdings, Inc.
4. Bioventus LLC
5. Medtronic PLC
6. Stryker Corporation
7. Depuy Synthes (A Subsidiary of Johnson & Johnson)
8. Arthrex, Inc.
9. Isto Biologics
10. Harvest Technologies (A Terumo BCT Company)
11. Ossatec Benelux Ltd.
12. Ember Therapeutics Inc.
13. Regen Lab SA
14. Altis Biologics (Pty) Ltd.
15. ITO Co., Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Bone Growth Stimulator Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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