The global bone growth stimulator market value was USD 1.70 billion in 2022, driven by the increasing prevalence of orthopaedic conditions across the globe. The global market share is anticipated to grow at a CAGR of 5.4% during the forecast period of 2023-2031 to achieve a value of USD 2.73 billion by 2031.
North America: The largest market for bone growth stimulators, driven by factors such as advanced healthcare infrastructure, high prevalence of orthopaedic conditions, and significant investments in research and development.
Europe: The second-largest market, with increasing demand for bone growth stimulators due to a growing aging population, a supportive regulatory framework, and an expanding healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of orthopaedic conditions, and growing investments in healthcare infrastructure and research.
Bone Growth Stimulator: Introduction
Bone growth stimulators are medical devices that help promote the healing of fractures and spinal fusion by stimulating the body's natural bone growth processes. These devices use techniques such as electrical stimulation, ultrasound, or magnetic fields to promote bone healing.Bone Growth Stimulator Market Scenario
The global bone growth stimulator market has witnessed significant growth in recent years, driven by factors such as the increasing prevalence of orthopaedic conditions, the aging population, and advancements in bone growth stimulation technologies.North America: The largest market for bone growth stimulators, driven by factors such as advanced healthcare infrastructure, high prevalence of orthopaedic conditions, and significant investments in research and development.
Europe: The second-largest market, with increasing demand for bone growth stimulators due to a growing aging population, a supportive regulatory framework, and an expanding healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of orthopaedic conditions, and growing investments in healthcare infrastructure and research.
Bone Growth Stimulator Market Segmentations
Market Breakup by Type
Bone Growth Stimulation Devices
- External BGS
- Implanted BGS
- Ultrasonic BGS
- Bone Morphogenetic Proteins (BMP)
- Platelet-Rich Plasma
Market Breakup by Application
- Spinal Fusion Surgeries
- Delayed Union and Non-union Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
Market Breakup by End Use
- Hospitals and Clinics
- Home Care
- Academics and Research Institutes and CROS
Market by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Bone Growth Stimulator Market
Some key trends of the market are as follows:- Increasing prevalence of orthopaedic conditions: The rising incidence of conditions such as osteoporosis, spinal disorders, and fractures has led to a growing demand for bone growth stimulators, driving market growth
- Aging population: The growing aging population worldwide has increased the risk of bone-related issues and fractures, further contributing to the demand for bone growth stimulators
- Advancements in bone growth stimulation technologies: The development of new and more effective bone growth stimulation techniques and devices has improved the efficiency and safety of these treatments, further driving market growth
Competitor Landscape
The report gives an in-depth analysis of the key players involved in the bone growth stimulator market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:- Medtronic
- Bioventus LLC
- Orthofix Holdings, Inc
- Zimmer Biomet Holdings Inc
- DJO, LLC
- DePuy Synthes
- Stryker Corporation
- Arthrex, Inc
- Bioventus
- Isto Biologics
- Terumo BCT, Inc.
Table of Contents
1 Preface
3 Global Bone Growth Stimulator Market Overview
4 Global Bone Growth Stimulator Market Landscape
5 Global Bone Growth Stimulator Market Dynamics
6 Global Bone Growth Stimulator Market Segmentation
7 North America Bone Growth Stimulator Market
8 Europe Bone Growth Stimulator Market
9 Asia Pacific Bone Growth Stimulator Market
10 Latin America Bone Growth Stimulator Market
11 Middle East and Africa Bone Growth Stimulator Market
12 Patent Analysis
13 Grants Analysis
14 Funding Analysis
15 Partnership and Collaborations Analysis
16 Regulatory Framework
17 Supplier Landscape
18 Global Bone Growth Stimulator Market- Distribution Model (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
21 Payment Methods (Additional Insight)
Companies Mentioned
- Medtronic
- Bioventus LLC
- Orthofix Holdings, Inc.
- Zimmer Biomet Holdings Inc.
- Djo, LLC
- Depuy Synthes
- Stryker Corporation
- Arthrex, Inc.
- Bioventus
- Isto Biologics
- Terumo Bct, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | April 2023 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 1.79 Billion |
| Forecasted Market Value ( USD | $ 2.73 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
