Press release
Electrical Bone Growth Stimulators Global Demand, Key Players, Overview, Supply and Consumption Analysis
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Electrical Bone Growth Stimulators market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Electrical Bone Growth StimulatorsThe report offers actionable and valuable market insights of Electrical Bone Growth Stimulators. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Electrical Bone Growth Stimulators Market across various industries and regions.
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The scope of Fact.MR’s report is to analyze the global bone growth stimulator market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis.
Medical device manufacturers, research institutes, and raw material suppliers in the global bone growth stimulator market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to bone growth stimulator.
Summary
The report commences with a brief information of the global bone growth stimulator market.
This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global bone growth stimulator market.
This newly published and insightful report sheds light on Market Insights of Electrical Bone Growth Stimulators, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Electrical Bone Growth Stimulators Market.
As patients of spinal cord fractures continue to struggle with long duration consumed for complete recovery, surgeons and doctors continue to promote the use of bone growth stimulators. The Fact.MR forecast report on global bone growth stimulator market anticipates that global sales of these devices will bring in more than US$ 1.4 Bn by the end of 2017. Spinal fracture patients opting for bone growth stimulators is expected to rise due to increasing advancements in lowering patient discomfort. By the end of 2022, sales of bone growth stimulators in the global market is pegged to bring in US$ 1.91 Bn, exhibiting a steady growth at 5.3% CAGR.
Key Forecast Highlights
According to the report, bone growth stimulation devices will account for nearly 56% share on global bone growth stimulator revenues in 2017. Platelet-rich plasmas, on the other hand, will be observed as promising product segment, revenues from which are expected to showcase robust growth at 6.2% CAGR. By the end of 2022, a little over US$ 450 Mn worth of platelet-rich plasmas will be sold in the global market for bone growth stimulators.
In the view of poor road infrastructure and inferior healthcare facilities existing in the Asia-Pacific excluding Japan (APEJ) region, the demand for bone growth stimulators is expected to gain grounds.
These factors are boosting the incidence of spinal fractures in this region, compelling doctors towards adoption of bone growth simulation therapy. Moreover, manufacturers of bone growth stimulators are expected to benefit from low wage costs and high resource availability by setting up their manufacturing units across APEJ region. By the end of 2022, over US$ 225 Mn worth of bone growth stimulators will be sold across the APEJ market.
North America is expected to remain the largest market for bone growth stimulator. The report predicts that high healthcare spending implemented in Canada and the US will urge manufacturers towards developing advanced bone growth stimulators. Meanwhile, revenues amassed from sales of bone growth stimulators in Europe will contribute US$ 600 Mn in revenues by the end of 2022. Towards the end of forecast period, North America’s bone growth stimulator market is likely to soar at a CAGR of 6.2%.
Application of bone growth stimulators in delayed union & non-union bone fracture treatments is expected to gain traction, reflecting a revenue growth at 5.7% CAGR. Spinal fusion surgeries will account for nearly 25% of the global bone growth stimulator sales in 2017, while their application in oral and maxillofacial surgeries will procure around US$ 250 Mn in global revenues.
Hospitals and clinics are expected to remain largest end-users of bone growth stimulator throughout the forecast period. With more than 43% share, over US$ 800 Mn worth of bone growth stimulators will be sold in hospitals & clinics across the globe by 2022-end. Home care end-use of bone growth stimulator, on the other hand, is expected to create an incremental opportunity of more than US$ 100 Mn by 2022 over 2017.
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The report has also profiled leading players in the global bone growth stimulator market, which include companies such as Orthofix International N.V., Medtronic plc, Zimmer Biomet Holdings, Inc., Bioventus Inc., Stryker Corporation, Johnson & Johnson, Arthrex, Inc., DJO Global Inc., Elizur Corporation, and Ossatec Benelux B.V.
Market Taxonomy
Product
Bone Growth Stimulation Devices
Platelet-Rich Plasma
Bone Morphogenetic Proteins
End-User
Hospitals & Clinics
Home Care
Academic & Research Institutes and CROS
Other
Application
Delayed Union & Nonunion Bone Fractures
Spinal Fusion Surgeries
Oral and Maxillofacial Surgeries
Other Applications
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Key Question answered in the survey of Electrical Bone Growth Stimulators market report:
Sales and Demand of Electrical Bone Growth Stimulators
Growth of Electrical Bone Growth Stimulators Market
Market Analysis of Electrical Bone Growth Stimulators
Market Insights of Electrical Bone Growth Stimulators
Key Drivers Impacting the Electrical Bone Growth Stimulators market
Which are the Key drivers impacted by Electrical Bone Growth Stimulators market
Restraints Shaping Market Growth
Market Survey of Electrical Bone Growth Stimulators
More Valuable Insights on Electrical Bone Growth Stimulators Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Electrical Bone Growth Stimulators, Sales and Demand of Electrical Bone Growth Stimulators, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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