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Bone Growth Stimulators - Global Market Trajectory & Analytics

  • ID: 5139567
  • Report
  • January 2021
  • Region: Global
  • 401 pages
  • Global Industry Analysts, Inc
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Global Bone Growth Stimulators Market to Reach US$ 1.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Bone Growth Stimulators estimated at US$ 999.4 Million in the year 2020, is projected to reach a revised size of US$ 1.3 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027.Stimulation Devices, one of the segments analyzed in the report, is projected to grow at a 4.3% CAGR to reach US$ 739 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bone Morphogenetic Proteins (bmp) segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 35.1% share of the global Bone Growth Stimulators market.

The U.S. Accounts for Over 51.3% of Global Market Size in 2020, While China is Forecast to Grow at a 6.1% CAGR for the Period of 2020-2027

The Bone Growth Stimulators market in the U.S. is estimated at US$ 513 Million in the year 2020. The country currently accounts for a 51.34% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 89.5 Million in the year 2027 trailing a CAGR of 6.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR while Rest of European market (as defined in the study) will reach US$ 89.5 Million by the year 2027.

Platelet-Rich Plasma (PRP) Segment Corners a 9.8% Share in 2020

In the global Platelet-Rich Plasma (PRP) segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 81.2 Million in the year 2020 will reach a projected size of US$ 111.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 96.2 Million by the year 2027, while Latin America will expand at a 6% CAGR through the analysis period. The publisher brings years of research experience to this 6th edition of the report. The 380-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 62 Featured):
  • Arthrex, Inc.
  • Bioventus LLC
  • DePuy Synthes
  • DJO Global, Inc.
  • ISTO Biologics
  • Medtronic PLC
  • Stryker Corporation
  • Terumo BCT, Inc.
  • Zimmer Biomet Holdings, Inc.
Note: Product cover images may vary from those shown
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I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020, 2021, & 2022
  • COVID-19 Casts Shadow over Normalcy of Orthopedic Surgery Volumes
  • EXHIBIT 2: Number of Elective Orthopaedic Surgical Procedures Conducted in the US: April-June 2020 Vs April-June 2019
  • Pandemic Scare Helps Hospitals Shift Gears from In-patient to Out-patient Surgeries
  • Bone Growth Stimulator: A Prelude
  • Types of Bone Growth Stimulators
  • Market Overview and Outlook
  • Hospitals & Clinics: Primary End-User Segment
  • US Holds Predominance in Global Bone Growth Stimulators Market
  • US FDA Proposes Down-Classification of Non-Invasive Bone Growth Stimulators
  • Competition
  • EXHIBIT 3: Market Share of Leading Players in Global Bone Growth Stimulators Market: 2019
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Increase in Number of Fractures and Rise in incidence of Delayed Union & Nonunion Bone Fractures Elevates Demand for Bone Stimulators
  • Osteoporosis and Other Bone Related Health Concerns: Factsheet
  • Hip Fracture Stats
  • EXHIBIT 4: Select Musculoskeletal Conditions - Percentage Breakdown by Age Group
  • EXHIBIT 5: Percentage Share Breakdown of Number of Fractures by Age Group: 2019
  • Rise in Vertebral Fractures to Steer Growth
  • Vertebral Fracture Stats
  • Increasing Cases of Trauma Underpins Demand
  • Rise in Incidence Osteoporosis to Benefit Market Growth
  • EXHIBIT 6: Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
  • EXHIBIT 7: % of Women Affected by Osteoporosis
  • Spinal Fusion Surgery Holds Strong Opportunities
  • EXHIBIT 8: US Spinal Fusion Surgery Market: Percentage Breakdown of Procedure Volume by Age Group
  • Bone Stimulators Display Potential for Application in Treatment of Osteoarthritis
  • Role of Platelet-Rich Plasma (PRP) as Bone Growth Stimulants
  • Rise in Minimally Invasive Surgeries and Robotic Surgeries to Boost Prospects
  • EXHIBIT 9: World Surgical Robots Market by Surgery Type: 2019
  • Technology Advancements Support Demand for Bone Growth Stimulators
  • Demographic Factors Buoying Growth
  • Epidemic Proportion of Obesity
  • EXHIBIT 10: Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • EXHIBIT 11: Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • EXHIBIT 12: Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Alarming Levels of Diabetes Incidence and Increased Risk of Impaired Fracture Healing to Benefit Demand
  • EXHIBIT 13: World Diabetes and Population Statistics (2019, 2030 & 2045)
  • EXHIBIT 14: World Diabetes Prevalence (2000-2045P)
  • Aging Population and their Vulnerability to Various Bone and Joint Related Diseases and Disorders Drive Healthy Market Growth
  • EXHIBIT 15: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • EXHIBIT 16: Global Life Expectancy at Birth (Years) by Geographic Region: 1950-2050
  • Rise in Healthcare Expenditure to Drive Growth
  • EXHIBIT 17: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 100
Note: Product cover images may vary from those shown
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