$300.4 Million , Asia Pacific/APAC Bone Growth Stimulator Market Developed New Technic To Medical Devices And Healthcare Industry

A new report from Meticulous Research™, titled as ‘Bone Growth Stimulator Market – Global Opportunity Analysis and Industry Forecast (2017-2022)’, cites the worldwide bone growth stimulator market to reach USD $1,397.6 Million by 2022, growing at a CAGR of 5.8% during the forecast period.

“The bone growth stimulator market is driven by growing geriatric population with the prevalence of orthopaedic issues and rising preference for stimulation treatments. Moreover, emerging economies such as Latin America, Asia, and Africa provides significant opportunities in this market,” mentions Meticulous Research™.

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The report also states that, on the basis of application, spinal fusion surgeries share the largest bone growth stimulator market due to “rising number of spine procedures with increasing risk of orthopedic problems; increasing bone related injuries by growing number of road accidents, trauma and sport activities; and rising adoption of bone growth stimulation products due to decreasing normal bone healing process with increase in the age”.

North America (mainly U.S and Canada) currently have the largest share of the bone growth stimulator market, “due to remarkably advanced healthcare industry with higher healthcare spending and adoption of innovative science & technology; increasing prevalence & incidence of orthopedic diseases such as osteoarthritis, chronic back & neck pain, rheumatoid arthritis, and others with expanding proportion of elderly population; and availability of research funding.”

The key players in this market are Orthofix International N.V., DJO Global, Inc., Zimmer Biomet Holdings, Inc., Medtronic, plc, Johnson & Johnson, Stryker Corporation, Bioventus Inc., Arthrex, Inc., ISTO Biologics, Ossatec Benelux Ltd., Regen Lab SA, ITO CO., Ltd., Altis Biologics (Pty) Ltd, and Harvest Technologies Corporation.

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Scope of the report

Market by Product

• Bone Growth Stimulation Devices

• External Bone Growth Stimulator
Pulsed Electromagnetic Field Devices
Capacitive Coupling Devices
Combined Magnetic Field Devices

• Implanted Bone Growth Stimulators

• Ultrasonic Bone Growth Stimulators

• Bone Morphogenetic Proteins

• Platelet Rich Plasma

Market by Application

• Spinal Fusion Surgeries

• Delayed Union & Non-union Bone Fractures

• Oral and Maxillofacial Bone surgeries

• Others

Market by End User

• Hospitals & Clinics

• Academic and Research Institutes

• Contract Research Organizations

• Home Care

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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This release was published on openPR.