Bone Growth Stimulators Market Is Likely To Tread Along A Healthy Growth Track Over The Forecast 2019 - 2027Bone Growth Stimulators Market: Introduction
According to the report, the global bone growth stimulators market was valued at US$ 1.3 Bn in 2018 and is projected to expand at a CAGR of ~5% from 2019 to 2027. Bone growth stimulation is a therapy used to aid bone healing process after a fracture or spinal fusion surgery. Rise in geriatric population globally, increase in prevalence of orthopedic diseases and rising inclination of patients toward minimally invasive and non-invasive surgical treatments are major factors anticipated to drive the global bone growth stimulators market during the forecast period.
North America held major share of the global bone growth stimulators market in 2018, due to technological advancement and improved reimbursement policies. Furthermore, rise in number of regulatory approvals by the Food and Drug Administration (FDA) and increase in adoption of bone growth stimulators are various factors likely to drive the market during the forecast period. The bone growth stimulators market in Asia Pacific is expected to expand at a high CAGR of 5.7% from 2019 to 2027, due to increase in prevalence of orthopedic disorders, rise in demand for non-invasive bone growth therapies, and strengthening distribution channels of international market players. This, in turn, is likely to drive the demand for bone growth stimulators in emerging markets such as India and China.
Rise in Prevalence of Orthopedic Disease Worldwide to Drive Market
Rise in prevalence of orthopedic disease globally is projected to drive the bone growth stimulators market during the forecast period. As per the Arthritis Foundation, degenerative joint disease disorders such as osteoarthritis are likely to affect nearly 130 million individuals across the globe by 2050. Hence, rise in prevalence and increase in burden of orthopedic diseases has led to an increase in patient pool undergoing minimal invasive surgeries globally, resulting in high demand for bone growth stimulators. This, in turn, is likely to accelerate the growth of the global bone growth stimulators market in the next few years.
Increase in Use of Portable, Battery-powered CMF Bone Growth Stimulators and Adoption of External Bone Growth Stimulators to Propel Market
In terms of product, the global bone growth stimulators market can be classified into devices, bone morphogenetic protein (BMP), and platelet-rich plasma (PRP). Devices segment is further sub-segmented into external devices and implantable devices. External devices can be further categorized into pulsed electromagnetic field devices, combined magnetic field devices, capacitive coupling devices, and ultrasonic devices. The devices segment dominated the global bone growth stimulators market in 2018 and the trend is projected to continue during the forecast period. Increase in use of portable, battery-powered CMF bone growth stimulators for the treatment of nonunion fracture and rise in adoption of external bone growth stimulators are various factors anticipated to drive the segment during the forecast period
Rise in Number of Healthcare Professionals Using Bone Growth Stimulators to Fuel Bone Growth Stimulators Market Growth
In terms of application, the global bone growth stimulators market has been segmented into spinal fusion surgeries, delayed union & nonunion bone fractures, oral & maxillofacial surgeries, and others. The spinal fusion surgeries segment accounted for majority of the market share in 2018. Increase in number of healthcare professionals using bone growth stimulators as a supplemental device during lumbar spine surgery is likely to support the growth of the segment. The delayed union & nonunion bone fractures segment is anticipated to expand at a rapid CAGR during the forecast period, owing to increase in prevalence of osteoporosis, fractures, and other disorders
Hospitals & Clinics to be Key End User
In terms of end user, the global bone growth stimulators market has been categorized into hospitals & clinics, home care, and academic & research institutes and CROs. The hospitals & clinics segment held major share of the global bone growth stimulators market in 2018. Large share of the hospitals can be attributed to rise in number of surgical procedures being performed for the treatment and management of orthopedic disorders. These factors are likely to propel the segment during the forecast period.
North America to Lead Global Market
In terms of region, the global bone growth stimulators market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for major share of the global bone growth stimulators market during the forecast period, owing to huge demand for external bone growth stimulators for fracture and spinal fusion, presence of key orthopedic device manufacturers in the U.S., and increase in awareness about external devices based on PEMF technology.
According to the research by HealthResearchFunding.org, by 2030, over 67 million people in the U.S. are likely to suffer from some form of osteoarthritis, which is anticipated to boost bone growth stimulators usage. This, in turn, is expected to drive the demand for bone growth stimulators for patient care in the country.
The bone growth stimulators market in Asia Pacific is projected to grow at a rapid pace in the next few years. India and China are anticipated to be lucrative markets for bone growth stimulators during the forecast period, due to growing health care sector, rise in demand for bone growth stimulators devices, and high incidence of orthopedic disorders.
For More Details, Request A PDF Brochure Report @ https://www.transparencymarketresearch.com/bone-growth-stimulator-market.html
Growth Strategies of Key Players
Key players operating in the global bone growth stimulators market include Zimmer Biomet, DJO Global, Medtronic plc, Terumo Corporation, Bioventus, Inc., Orthofix Medical Inc., IGEA, Ossatec Benelux BV, BTT Health GmbH, and Stimulate Health. These companies engage in mergers & acquisitions in order to expand product offerings and customer base. For instance, in February 2019, Colfax Corporation acquired DJO Global Inc. from investor group led by private equity funds managed by Blackstone for US$ 3.15 Bn. Colfax Corporation focuses on achieving significant growth in the orthopedic solutions market with this acquisition.
Global Bone Growth Stimulators Market: Segmentation
Bone Growth Stimulators Market, by Product
Pulsed Electromagnetic Field Devices
Combined Magnetic Field Devices
Capacitive Coupling Devices
Bone Morphogenetic Protein
Platelet-rich Plasma (PRP)
Bone Growth Stimulators Market, by Application
Spinal Fusion Surgeries
Delayed Union & Nonunion Bone Fractures
Oral & Maxillofacial Surgeries
Bone Growth Stimulators Market, by End User
Hospitals & Clinics
Academic & Research Institutes and CROs
Bone Growth Stimulators Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bone Growth Stimulators Market Is Likely To Tread Along A Healthy Growth Track Over The Forecast 2019 - 2027 here
News-ID: 1926535 • Views: 278
More Releases from TMR
Chlorothalonil Market - Global Industry Analysis, Size, Share, Growth, Trends, a …
Chlorothalonil “Demand of Sustainable Agriculture” Agricultural sector is satisfying the need of the world by supplying food. It is one of the prominent sectors in the world. Chlorothalonil is a non-systematic fungicide and pesticide used to spray on crops to prevent them from disease and maintain their healthy life furthermore chlorothalonil is used as wood protectant to prevent the wood from decay due to which chlorothalonil is largely used in furniture
Ytterbium Fluoride Market - Global Industry Analysis, Size, Share, Growth, Trend …
Shifting Industries Preference Towards Specialty Chemicals Chemical industry has been major source of inventions from past half a decade where different types of chemicals are tested, tried and verified for future applications. Industrial application of chemicals such as ytterbium fluoride will likely to increase demand in near future. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6551 The major driving factor which proved to encourage use of ytterbium fluoride chemical as its usage in
Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and …
Itaconic Acid Market: Introduction & Definition Itaconic acid is a bio based product, also identified as methyl succinic acid, it is first obtained by distillation of citric acid that is an organic compound which is used for the production of acrylate latexes and acrylonitrile butadiene. The market of Itaconic acid is niche in nature owing to its limited consumption in various end use industries on account of availability of large number
Oleochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and …
Oleochemicals are obtained from various plant and animal fats. Various sources of oleochemicals includes natural raw materials such as, castor oil, soybean oil, vegetable, petrochemical feedstock and also from animal oils & fats. Oleochemicals are witnessed to gain popularity as they can act a substitute for the petroleum-derived products. The growing environment concerns can be a prominent factor for the adoption of biodegradable chemicals, which intends to fuel the growth
More Releases for Bone
Bone Cement And Glue Market
Bone Cement And Glue Market are expected to reach USD 1.86 Billion by 2026 from USD 1.02 Billion in 2016 at a CAGR of 6.2% (Detailed analysis of the market CAGR is provided in the report). Complete clinical tests of the compatibility of bone cement with the body were conducted before their use in surgery. Bone cement mainly used to fill the gap between the prosthesis and the bone and
Bone Implant Market Gaining Momentum Worldwide - CT-Bone, 3D printed Bone Implan …
Market Highlights Bone implant products are used in numerous orthopedic surgeries to support the bone and to restore the functionality of the bone. The increasing geriatric population, growing number of orthopedic surgical procedures, rising prevalence of sports-related injuries, and bone weakness due to the changing lifestyle are the major factors driving the growth of the global bone implant market. Additionally, aggressive strategies adopted by top players and increasing spending on healthcare
Bone Fixation Screw Market
Global Bone Fixation Screw Market Research Report 2018 https://www.qandqmarketresearch.com/reports/bone-fixation-screw-market-26 This report studies the global Bone Fixation Screw market status and forecast, categorizes the global Bone Fixation Screw market size value & volume by key players, type, application, and region. This report focuses on the top players in North America, Europe, AsiaPacific, South America, and Middle East & Africa. Bone fixation is a surgical procedure that stabilizes and fix bone grafts and bone filling
Bone Replacement Products Market– Effective Solution for Bone Problems
The innovative replacement systems are designed to provide patients with a joint preservation ultimatum, preserving the healthy parts of the knee, thus helping to maintain natural knee function. For instance, in 2014, Cayenne Medical launched the Mirror Partial Knee System, the only knee replacement system that uses the patient’s natural knee motion during the surgical procedure. This unique technology balances the knee throughout the entire range of motion. The
Bone Degeneration Therapeutics Market
Bone degeneration is characterized by deterioration of articular cartilage covering the joints. Cartilage aids free movement of the joint without any resistance. Reduction in flexibility of the joint due to deterioration of cartilage leads to inflammation, compressed nerves, and pain. Aging is one of the natural causes of bone degeneration, which is also fueled by several conditions such as injuries, congenital disorders, diabetes, and obesity. Symptoms of degenerative bone disorders
Bone Cancer Treatment Market
Cancer is one of the most prevalent fatal chronic disorders with a high mortality rate due to its extremely invasive nature and prolonged duration of disease. Bone cancer is a type of cancer in which the bone tissues grows in an uncontrollable manner. This growth may be benign or malignant. In most cases bone cancer results from other cancers such as lung cancer, kidney cancer, prostate cancer, and breast cancer,