Bone Growth Stimulator Market Size, Global Share, Trends | Industry Forecast Report 2022 To 2027

The latest research study "Bone Growth Stimulator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global bone growth stimulator market reached a value of US$ 1.91 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.6 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

Industry Definition and Application:

A bone growth stimulator represents the medical device used to boost the healing process of bones after a spinal fusion surgery or fracture. It usually relies on ultrasonic or pulsed electromagnetic waves to aid the body in tissue repairing and cell creation while increasing bone density. In addition to this, a bone growth stimulator offers various benefits, including a painless healing process and low complication rates as compared to other invasive methods. Consequently, it finds extensive applications in hospitals, clinics, home care centers, etc.

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What are the major drivers for the bone growth stimulator market?

The growing prevalence of diabetes, arthritis, and other medical conditions, such as obesity, vascular disease, renal disorders, etc., is primarily driving the bone growth stimulator market. Additionally, the expanding geriatric population and the rising sports-related orthopedic injuries among individuals, on account of poor training practices, improper equipment, insufficient warm-up and stretching, lack of conditioning, etc., are further catalyzing the market growth.

Besides this, the escalating demand for minimally invasive (MI) procedures, owing to their fewer operative complications, shorter hospitalization, less pain, reduced postoperative care, quicker recovery, smaller and more cosmetic incisions, lower risk of infection, etc., is acting as another significant growth-inducing factor. Moreover, the increasing awareness among physicians, surgeons, and patients towards the benefits of bone growth stimulators for spinal fusion and bone healing is also augmenting the global market. Apart from this, the elevating investments in medical equipment and devices are anticipated to fuel the bone growth stimulator market over the forecasted period.

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Report Segmentation:

The report has segmented the market on the basis of region, product, application and end user.

Breakup by Product:
• Bone Growth Stimulation Devices
• Bone Morphogenetic Proteins
• Platelet-Rich Plasma

Breakup by Application:
• Spinal Fusion Surgeries
• Delayed Union and Nonunion Bone Fractures
• Oral and Maxillofacial Surgeries
• Others

Breakup by End User:
• Hospitals and Clinics
• Home Care
• Others

Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:
• Arthrex Inc.
• DJO Global Inc.
• Medical Device Business Services Inc. (Johnson & Johnson)
• Medtronic Plc
• Orthofix Medical Inc.
• Ossatec Benelux B.V.
• Elizur Corporation
• IGEA S.p.A.
• Isto Biologics
• Ito Co. Ltd.
• Stryker Corporation
• Terumo Bct Inc. (Terumo Corporation)
• Zimmer Biomet.

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This release was published on openPR.