Bone Growth Stimulator Market Overview Analysis, Trends, Share, Size, Type & Future Forecast to 2030

The Bone Growth Stimulator Market is valued at around USD 1.5 Billion in 2022 and is expected to reach USD 1.9 Billion by 2030, registering a CAGR of 6.1% over the forecast period.

The Bone Growth Stimulator therapy is recommended by the physicians to help after a fracture or spinal fusion surgery to help the fractures repair more quickly. They also go by the name orthogenesis stimulators and offer painless ultrasound. In surgeries on the cervical and lumbar spines, they are highly helpful. Products made of platelet-rich plasma and bone morphogenetic protein (BMP) promote bone development when used to treat various fractures and spinal operations.

As a result of the quicker recovery following these surgeries, it is projected that the usage of these goods would increase. Therefore, more spinal and orthopaedic procedures are being performed as the number of accidents and trauma patients rises. This increase has further increased consumer demand for these goods, along with BMP and PRP ones, which is expected to fuel market expansion.

The major factors driving the growth of the global bone growth stimulator market are an increase in patients' propensity for minimally invasive and non-invasive surgical procedures, an increase in platelet-rich plasma and bone morphogenetic proteins, and the availability of affordable bone growth stimulation devices. The market is comprehensively evaluated in the study on the global bone growth stimulator market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

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Bone Growth Stimulator Market Overview
Increase in the elderly population, rise in fracture and accident rates, rise in the prevalence of arthritis, rise in cases of diabetes and other illnesses like vascular disease, obesity, and renal disorders, rise in the use of platelet-rich plasma and bone morphogenetic proteins, and rise in the cost-effectiveness of bone growth stimulation devices are the major trends.

Other factors that contribute to the growth of the bone growth stimulator market include the rise in patient awareness of bone growth stimulators, the procedural benefits provided by bone growth stimulation devices in the treatment of bone fractures and orthopaedic diseases, the increase in technological advancements in bone growth stimulators, and the rise in adoption rate for bone growth stimulators by both patients and prescribers.

However, the market's expansion is anticipated to be constrained by strict approval procedures and constrained medical reimbursement regulations. The market's overall expansion has been seen to be hampered by frequent product recalls. The business and reputation of a manufacturer suffer when products are recalled. This may also have an impact on a customer's commitment to a company's other items. Recalls often cast doubt on the effectiveness of novel products, delaying surgeons' acceptance of them.

On the basis of application, the market is segmented into:

• Spinal fusion
• Maxillofacial and dental
• Non-union and union bone fractures
• Others

On the basis of end-user, the market segmented into:
• Hospitals
• Homecare
• Others

The Wi-Fi Market - Key Market players
Global key players of Bone Growth Stimulator Market include Orthofix Medical Inc. (US), Enovis (DJO Finance, LLC) (US), ZimVie (US), Bioventus LLC (US), Medtronic plc (Ireland), Stryker (US), DePuy Synthes (US), Arthrex, Inc. (US), Isto Biologics (US Terumo Corporation (Japan), Ember Therapeutics, Inc. (US), Ossatec Benelux Ltd. (Netherlands), Altis Biologics (Pty) Ltd. (South Africa), Regen Lab SA (Switzerland), ITO Co., Ltd. (Japan), Elizur Corporation (US), BTT Health GmbH (Germany), Stimulate Health (Canada), VQ OrthoCare (US), and Kinex Medical Company, LLC (US).

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