Bone Growth Stimulators Market Opportunities, Business Forecast To 2028

The global bone growth stimulators market size was valued at USD 1.85 billion in 2021, growing at a CAGR of 4.7% during the forecast period 2022 to 2028. Bone Growth Stimulators Market refers to the medical devices that are used to promote bone healing and growth after fractures, spinal fusion surgery, and other orthopedic surgeries. These devices use low-intensity pulsed ultrasound, electromagnetic fields, or other technologies to stimulate bone growth and improve healing. The bone growth stimulators market includes both non-invasive and invasive devices. Non-invasive bone growth stimulators are external devices that are placed outside the body, and they use ultrasound or electromagnetic fields to stimulate bone growth. Invasive bone growth stimulators are internal devices that are surgically implanted into the body, and they use electrical stimulation to promote bone growth.

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Bone Growth Stimulators Market Growth Factors:
The bone growth stimulators market is expected to experience significant growth in the coming years, driven by various primary growth factors, including:
Increasing prevalence of bone and joint disorders: The rising prevalence of bone and joint disorders, such as osteoporosis, osteoarthritis, and spinal fractures, is a major growth driver for the bone growth stimulators market. According to the World Health Organization (WHO), approximately 1 in 3 women and 1 in 5 men over the age of 50 will experience osteoporotic fractures.

Growing geriatric population: The global geriatric population is increasing, and this demographic is more susceptible to bone fractures and other bone-related disorders. According to the United Nations, the number of people aged 60 years and above is expected to reach 2.1 billion by 2050, driving demand for bone growth stimulators.
Rising demand for non-invasive treatment options: Patients are increasingly seeking non-invasive treatment options that are less painful and have a shorter recovery time. Bone growth stimulators offer a non-invasive treatment option that promotes bone healing without the need for surgery.

Technological advancements: The development of technologically advanced bone growth stimulators, such as devices that use ultrasound and electrical stimulation, is driving market growth. These devices offer more effective and efficient bone healing solutions, which are increasingly in demand.

Increasing research and development activities: Research and development activities in the field of bone growth stimulation are increasing, leading to the development of more innovative and effective devices. This is driving market growth and opening up new opportunities for players in the market.

The global bone growth stimulators market segmentation:
1) By Product (Bone Growth Stimulation Devices (Pulsed Electromagnetic Field Devices, Combined Magnetic Field Devices, Capacitive Coupling Devices, Implanted Bone Growth Stimulators, Ultrasonic Bone Growth Stimulators), Bone Morphogenetic Proteins, Platelet-Rich Plasma).
2) By Application: Spinal Fusion Surgeries, Nonunion Fractures, Oral and Maxillofacial Surgeries, Others.
3) By End User: Hospitals & Clinics, Academic & Research Institutes, Homecare, Others.

Bone Growth Stimulators Market Regional Analysis:
The bone growth stimulators market is analyzed based on various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is expected to dominate the bone growth stimulators market during the forecast period, owing to factors such as the high prevalence of bone and joint disorders, growing geriatric population, and increasing adoption of technologically advanced bone growth stimulators. The presence of major market players in the region and favorable reimbursement policies for bone growth stimulator devices also contribute to market growth.

Europe is expected to be the second-largest market for bone growth stimulators, driven by the increasing prevalence of bone-related disorders and the growing geriatric population. The presence of advanced healthcare infrastructure, favorable reimbursement policies, and growing adoption of non-invasive treatment options are also contributing to market growth in the region.

The Asia Pacific region is expected to experience significant growth in the bone growth stimulators market, owing to the increasing prevalence of bone and joint disorders, growing geriatric population, and rising healthcare expenditure in emerging economies such as China and India. The increasing adoption of technologically advanced bone growth stimulators and growing awareness about non-invasive treatment options are also expected to drive market growth in the region.

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Key players in the bone growth stimulators market Orthofix International N.V., DJO Finance LLC, Zimmer Biomet Holdings, Inc., Bioventus LLC, Medtronic PLC, Stryker Corporation, Depuy Synthes
Arthrex, Inc., Isto Biologics

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