Press release
Bone Growth Stimulator Market with Current Trends Analysis, 2018-2028
Bone Growth Stimulator
Rise in R&D Funding by Private Organisations to Propel Growth of the Global Bone Growth Stimulator Market
Bone growth stimulators facilitate multi-level fusions in bones with high efficiency, playing a pivotal role in spine fusion aftercare of patients. Medical studies are revealing positive outcomes of utilizing electrical bone growth stimulators for spinal fusion process. With a number of favorable government initiatives, coupled with heavy investments made by several private organisations, there has been a robust increase in research & development activities associated with new treatment methods and product development. For example – the North American Spine Foundation, and American Academy of Orthopedic Surgeons are contributing to the development of spinal implants & devices by raising funds for R&D activities, and conducting training programs for physicians worldwide.
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North America to Remain Dominant in the Global Bone Growth Stimulator Market
North America will continue to be dominant in the global bone growth stimulator market. Sales of bone growth stimulators are expected to account for the largest revenues in North America, expanding at the highest CAGR through 2022. Europe will remain the second most lucrative market for bone growth stimulators. The market in Middle East & Africa (MEA) will continue to register a sluggish expansion through 2022.
Bone growth stimulation devices will remain sought-after among products in the global market. Revenues from sales of bone growth stimulation devices will account for over half share of the market during the forecast period. In addition, sales of platelet-rich plasma bone growth stimulator, and bone morphogenetic proteins are expected to exhibit the fastest expansion registering similar CAGRs through 2022.
Hospitals & Clinics will Remain the largest End-Users of Bone Growth Stimulators
Based on end-users, sales of bone growth stimulators in academic and research institutes are expected to register the highest CAGR through 2022. Hospitals & Clinics will continue to be the largest end-users of bone growth stimulators, accounting for the highest share of the market over the forecast period. Home care is expected to remain the second most lucrative end-use segment in the global bone growth stimulators market.
Bone growth stimulators are expected to find the largest application in the cases of delayed union & non-union bone fractures, with sales poised to reach US$ 763.4 Mn by 2022-end. Sales of bone growth stimulators in oral & maxillofacial surgeries will account for the lowest revenues during the forecast period, based on application.
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Competition Tracking
The report has also profiled key players in the global market for bone growth stimulators, which include Ossatec Benelux B.V., Elizur Corporation, Johnson & Johnson, Arthrex, Inc., DJO Global Inc., Stryker Corporation, Bioventus Inc., Zimmer Biomet Holdings, Inc., Medtronic plc., and Orthofix International N.V.
Table of Content Covered in this report are:
Chapter 1. Global Bone Growth Stimulator Market - Executive Summary. 12
Chapter 2. Global Bone Growth Stimulator Market Overview. 14
2.1. Introduction. 14
2.1.1. Global Bone Growth Stimulator Market Taxonomy. 14
2.1.2. Global Bone Growth Stimulator Market Definition. 14
2.2. Global Bone Growth Stimulator Market Size (US$ Mn) and Forecast, 2012-2022. 15
2.2.1. Global Bone Growth Stimulator Market Y-o-Y Growth. 15
2.3. Global Bone Growth Stimulator Market Dynamics. 15
2.3.1. Drivers. 15
2.3.2. Restraints. 15
2.3.3. Trends. 16
2.4. Supply Chain. 16
2.5. Cost Structure. 16
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Chapter 3. Global Bone Growth Stimulator Market Analysis and Forecast By Product. 17
3.1. Global Bone Growth Stimulator Market Size and Forecast By Product, 2012-2022. 17
3.1.1. Bone Growth Stimulation Devices Bone Growth Stimulator Market Size and Forecast, 2012-2022. 17
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 17
3.1.1.2. Market Share Comparison, By Region. 19
3.1.1.3. Y-o-Y growth Comparison, By Region. 19
3.1.2. Platelet-Rich Plasma Bone Growth Stimulator Market Size and Forecast, 2012-2022. 20
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 20
3.1.2.2. Market Share Comparison, By Region. 22
3.1.2.3. Y-o-Y growth Comparison, By Region. 22
3.1.3. Bone Morphogenetic Proteins Bone Growth Stimulator Market Size and Forecast, 2012-2022. 23
3.1.3.1. Revenue (US$ Mn) Comparison, By Region. 23
3.1.3.2. Market Share Comparison, By Region. 25
3.1.3.3. Y-o-Y growth Comparison, By Region. 25
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Chapter 4. Global Bone Growth Stimulator Market Analysis and Forecast By End-User. 27
4.1. Global Bone Growth Stimulator Market Size and Forecast By End-User, 2012-2022. 27
4.1.1. Hospitals & Clinics Bone Growth Stimulator Market Size and Forecast, 2012-2022. 27
4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 27
4.1.1.2. Market Share Comparison, By Region. 29
4.1.1.3. Y-o-Y growth Comparison, By Region. 29
4.1.2. Home Care Bone Growth Stimulator Market Size and Forecast, 2012-2022. 30
4.1.2.1. Revenue (US$ Mn) Comparison, By Region. 30
4.1.2.2. Market Share Comparison, By Region. 32
4.1.2.3. Y-o-Y growth Comparison, By Region. 32
4.1.3. Academic & Research Institutes and CROS Bone Growth Stimulator Market Size and Forecast, 2012-2022. 33
4.1.3.1. Revenue (US$ Mn) Comparison, By Region. 33
4.1.3.2. Market Share Comparison, By Region. 35
4.1.3.3. Y-o-Y growth Comparison, By Region. 36
4.1.4. Other Bone Growth Stimulator Market Size and Forecast, 2012-2022. 36
4.1.4.1. Revenue (US$ Mn) Comparison, By Region. 36
4.1.4.2. Market Share Comparison, By Region. 38
4.1.4.3. Y-o-Y growth Comparison, By Region. 39
Chapter 5. Global Bone Growth Stimulator Market Analysis and Forecast By Application. 40
5.1. Global Bone Growth Stimulator Market Size and Forecast By Application, 2012-2022. 40
5.1.1. Delayed Union & Nonunion Bone Fractures Bone Growth Stimulator Market Size and Forecast, 2012-2022. 40
5.1.1.1. Revenue (US$ Mn) Comparison, By Region. 40
5.1.1.2. Market Share Comparison, By Region. 42
5.1.1.3. Y-o-Y growth Comparison, By Region. 42
5.1.2. Spinal Fusion Surgeries Bone Growth Stimulator Market Size and Forecast, 2012-2022. 43
5.1.2.1. Revenue (US$ Mn) Comparison, By Region. 43
5.1.2.2. Market Share Comparison, By Region. 45
5.1.2.3. Y-o-Y growth Comparison, By Region. 45
5.1.3. Oral and Maxillofacial Surgeries Bone Growth Stimulator Market Size and Forecast, 2012-2022. 46
5.1.3.1. Revenue (US$ Mn) Comparison, By Region. 46
5.1.3.2. Market Share Comparison, By Region. 48
5.1.3.3. Y-o-Y growth Comparison, By Region. 49
5.1.4. Other Applications Bone Growth Stimulator Market Size and Forecast, 2012-2022. 49
5.1.4.1. Revenue (US$ Mn) Comparison, By Region. 49
5.1.4.2. Market Share Comparison, By Region. 51
5.1.4.3. Y-o-Y growth Comparison, By Region. 52
And Continue...
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