Bone Growth Stimulator Market Analysis with Research Report 2021 | Arthrex, Inc., Bioventus LLC (U.S.), Johnson and Johsnon (Depuy Synthes), Medtronic Plc

The Global Bone Growth Stimulator Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2025). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Bone Growth Stimulator market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The bone growth stimulator market is expected to reach USD 1425 million in 2026, with a CAGR 5.9%.

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Top Companies in the Global Bone Growth Stimulator Market: Arthrex, Inc., Bioventus LLC (U.S.), Johnson and Johsnon (Depuy Synthes), Medtronic Plc, Orthofix International N.V, Smith & Nephew Plc, Stryker Corporation, Zimmer Biomet

Key Market Trends

External Bone Growth Stimulators are Believed to Register Highest CAGR Over the Forecast Period

The external bone growth stimulators are expected to register the highest growth in the coming future. This is majorly due to the features of these devices such as their lightweight, ease of handling, and portability.

The demand for these products is increasing due to the rising fracture cases and the effectiveness of the external bone growth stimulators in healing fractures. As per the Australian Institute of Health and Welfare, around 23,948 minimal trauma fractures were reported in men aged 50 and above in Australia. Also, the United Kingdom has an incidence of 3.6 fractures per 100 people per year. This indicates the rising burden of fracture on major countries. Therefore, there is a rising demand for the external bone growth stimulators which will contribute to the growth of the same.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America to Dominate the Market

North America holds the largest share of the bone growth stimulator market. This is majorly attributed to the increasing geriatric population and high prevalence of Arthritis. American Physical Therapy Association has stated that the adult prevalence of Arthritis in the United States is around 27% experiences severe joint pain. Furthermore, around 1 in 4 adults in the United States are likely to suffer from the arthritis. As per the National Institute of Health, around 7.9 million fractures occur every year in the United States and 5-10% of them develop nonunions and/or delayed unions, which is one of the major complications in the treatment of bone fractures.With the burden of Arthritis in the United States, it is expected that the demand for bone growth stimulators will increase which will ultimately boost the market growth.

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