Bone Growth Stimulators Market Demand will reach a value of US$2 Billion by 2031 at a CAGR of 5.8% | Data analysis by Transparency Market Research Inc.

According to the report, the global 𝗯𝗼𝗻𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝘀𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 market was valued at US$ 1.2 Bn in 2021 and is projected to expand at a CAGR of 5.8% from 2022 to 2031. Bone growth stimulation is a therapy used to aid bone healing process after a fracture or spinal fusion surgery. Rise in geriatric population globally, increase in prevalence of orthopedic diseases and rising inclination of patients toward minimally invasive and non-invasive surgical treatments are major factors anticipated to drive the global bone growth stimulators market during the forecast period.

North America held major share of the global bone growth stimulators market in 2021, due to technological advancement and improved reimbursement policies. Furthermore, rise in number of regulatory approvals by the Food and Drug Administration (FDA) and increase in adoption of bone growth stimulators are various factors likely to drive the market during the forecast period. The bone growth stimulators market in Asia Pacific is expected to expand at a high CAGR of 5.8% from 2022 to 2031, due to increase in prevalence of orthopedic disorders, rise in demand for non-invasive bone growth therapies, and strengthening distribution channels of international market players. This, in turn, is likely to drive the demand for bone growth stimulators in emerging markets such as India and China.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 (𝗨𝘀𝗲 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗠𝗮𝗶𝗹 𝗜𝗱 𝗳𝗼𝗿 𝗤𝘂𝗶𝗰𝗸 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28541

𝗥𝗶𝘀𝗲 𝗶𝗻 𝗣𝗿𝗲𝘃𝗮𝗹𝗲𝗻𝗰𝗲 𝗼𝗳 𝗢𝗿𝘁𝗵𝗼𝗽𝗲𝗱𝗶𝗰 𝗗𝗶𝘀𝗲𝗮𝘀𝗲 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

Rise in prevalence of orthopedic disease globally is projected to drive the bone growth stimulators market during the forecast period. As per the Arthritis Foundation, degenerative joint disease disorders such as osteoarthritis are likely to affect nearly 130 million individuals across the globe by 2050. Hence, rise in prevalence and increase in burden of orthopedic diseases has led to an increase in patient pool undergoing minimal invasive surgeries globally, resulting in high demand for bone growth stimulators. This, in turn, is likely to accelerate the growth of the global bone growth stimulators market in the next few years.

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗨𝘀𝗲 𝗼𝗳 𝗣𝗼𝗿𝘁𝗮𝗯𝗹𝗲, 𝗕𝗮𝘁𝘁𝗲𝗿𝘆-𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗖𝗠𝗙 𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗼𝗳 𝗘𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝘁𝗼 𝗣𝗿𝗼𝗽𝗲𝗹 𝗠𝗮𝗿𝗸𝗲𝘁

In terms of product, the global bone growth stimulators market can be classified into devices, bone morphogenetic protein (BMP), and platelet-rich plasma (PRP). Devices segment is further sub-segmented into external devices and implantable devices. External devices can be further categorized into pulsed electromagnetic field devices, combined magnetic field devices, capacitive coupling devices, and ultrasonic devices. The devices segment dominated the global bone growth stimulators market in 2021 and the trend is projected to continue during the forecast period. Increase in use of portable, battery-powered CMF bone growth stimulators for the treatment of nonunion fracture and rise in adoption of external bone growth stimulators are various factors anticipated to drive the segment during the forecast period

𝗥𝗶𝘀𝗲 𝗶𝗻 𝗡𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗨𝘀𝗶𝗻𝗴 𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝘁𝗼 𝗙𝘂𝗲𝗹 𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

In terms of application, the global bone growth stimulators market has been segmented into spinal fusion surgeries, delayed union & nonunion bone fractures, oral & maxillofacial surgeries, and others. The spinal fusion surgeries segment accounted for majority of the market share in 2021. Increase in number of healthcare professionals using bone growth stimulators as a supplemental device during lumbar spine surgery is likely to support the growth of the segment. The delayed union & nonunion bone fractures segment is anticipated to expand at a rapid CAGR during the forecast period, owing to increase in prevalence of osteoporosis, fractures, and other disorders

𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 | 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁 -https://www.transparencymarketresearch.com/checkout.php?rep_id=28541<ype=S

𝗛𝗼𝘀𝗽𝗶𝘁𝗮𝗹𝘀 & 𝗖𝗹𝗶𝗻𝗶𝗰𝘀 𝘁𝗼 𝗯𝗲 𝗞𝗲𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿

In terms of end user, the global bone growth stimulators market has been categorized into hospitals & clinics, home care, and academic & research institutes and CROs. The hospitals & clinics segment held major share of the global bone growth stimulators market in 2021. Large share of the hospitals can be attributed to rise in number of surgical procedures being performed for the treatment and management of orthopedic disorders. These factors are likely to propel the segment during the forecast period.

𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝘁𝗼 𝗟𝗲𝗮𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁

In terms of region, the global bone growth stimulators market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for major share of the global bone growth stimulators market during the forecast period, owing to huge demand for external bone growth stimulators for fracture and spinal fusion, presence of key orthopedic device manufacturers in the U.S., and increase in awareness about external devices based on PEMF technology.

The bone growth stimulators market in Asia Pacific is projected to grow at a rapid pace in the next few years. India and China are anticipated to be lucrative markets for bone growth stimulators during the forecast period, due to growing health care sector, rise in demand for bone growth stimulators devices, and high incidence of orthopedic disorders.

𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗼𝗳 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Key players operating in the global bone growth stimulators market include Zimmer Biomet, DJO Global, Medtronic plc, Terumo Corporation, Bioventus, Inc., Orthofix Medical Inc., IGEA, Ossatec Benelux BV, BTT Health GmbH, and Stimulate Health. These companies engage in mergers & acquisitions in order to expand product offerings and customer base.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁- https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=28541

𝗚𝗹𝗼𝗯𝗮𝗹 𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁
Devices
External Devices
Pulsed Electromagnetic Field Devices
Combined Magnetic Field Devices
Capacitive Coupling Devices
Ultrasound Devices
Implantable Devices
Bone Morphogenetic Protein
Platelet-rich Plasma (PRP)

𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻
Spinal Fusion Surgeries
Delayed Union & Nonunion Bone Fractures
Oral & Maxillofacial Surgeries
Others

𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿
Hospitals & Clinics
Academic & Research Institutes and CROs
Home Care

𝗕𝗼𝗻𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻
𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮
U.S.
Canada
𝗘𝘂𝗿𝗼𝗽𝗲
Germany
U.K.
France
Italy
Spain
Rest of Europe
𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰
Japan
China
India
Australia & New Zealand
Rest of Asia Pacific
𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮
Brazil
Mexico
Rest of Latin America
𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮
GCC Countries
South Africa
Rest of Middle East & Africa

𝗠𝗼𝗿𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗯𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 -

𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗜𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗠𝗜𝗦 𝗠𝗮𝗿𝗸𝗲𝘁- https://www.prnewswire.com/news-releases/visualization-instruments-for-mis-market-estimated-to-surpass-value-of-us-21-0-bn-by-2031-tmr-study-301685026.html

𝗪𝗲𝗮𝗿𝗮𝗯𝗹𝗲 𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗗𝗲𝘃𝗶𝗰𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁- https://www.globenewswire.com/news-release/2022/12/15/2574577/0/en/Booming-Wearable-Healthcare-Devices-Market-is-set-to-Generate-Revenue-of-US-183-8-Bn-by-2031-TMR-Study.html

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀

Nikhil Sawlani
Transparency Market Research Inc.
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