North America Region is Expected to Experience Largest Growth in Bone Growth Stimulators Market Share during 2021 to 2030

The bone growth stimulators market size was valued at $2.0 billion in 2020, and is estimated to reach $3.3 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

CAGR: 5.5%

· Current Market Size: USD 2.0 Billion

· Forecast Growing Region: APAC

· Largest Market: North America

· Projection Time: 2021- 2030

· Base Year: 2020

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 - https://www.alliedmarketresearch.com/request-sample/6430

In 2020, North America held a significant share in the bone growth stimulators market, and it is projected to maintain its dominant position in the global market throughout the forecast period. This can be attributed to several factors, including the increasing number of bone and joint problems, a large presence of medical device companies, a well-developed healthcare infrastructure, and the wide availability of bone growth stimulator drugs in the region.

On the other hand, Asia-Pacific is anticipated to exhibit the highest compound annual growth rate (CAGR) of 6.9% from 2021 to 2030. This growth can be attributed to factors such as a high population base, a surge in demand for bone growth stimulator products, an increase in the incidence of bone fractures, and an upsurge in spinal fusion surgical procedures.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐒𝐓𝐔𝐃𝐘
On the basis of product, the bone growth stimulation devices segment held 51.6% share in the global market in 2020.

By application, the spinal fusion surgeries segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.

On the basis of distribution channel, the hospitals and clinics segment exhibits the largest market share in 2020, and is expected to remain dominant throughout the forecast period.

On the basis of region, North America is expected to experience largest market share during the forecast period. This was attributed to higher adoption of bone growth stimulator products, large presence of medical device companies, well developed healthcare infrastructure, and wide availability of bone growth stimulators drugs.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (234 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/bone-growth-stimulators-market/purchase-options

The growth of the bone growth stimulators market was adversely affected by the outbreak of COVID-19. The pandemic resulted in widespread lockdowns and the temporary closure of hospitals in many countries, leading to a significant decrease in hospital activities. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020, which further exacerbated the situation.

During the initial phase of the pandemic, hospitals globally had to cancel scheduled and elective surgeries due to the increasing number of COVID-19 cases. This had a direct impact on the bone growth stimulators market, as these procedures were often accompanied by the use of such devices. Orthopedic clinics also faced temporary closures, organized sports activities were banned, and non-essential care in hospitals was restricted.

The slowdown in patient flow and referrals, coupled with the postponement of elective surgeries, had a short-term negative effect on the global bone growth stimulators market. Additionally, in March 2020, the Centers for Medicare & Medicaid Services (CMS) announced the postponement of all non-essential medical, surgical, elective surgeries, and dental procedures during the COVID-19 outbreak.

Overall, the COVID-19 pandemic significantly impacted the bone growth stimulators market due to the disruption in healthcare services and the prioritization of resources towards managing the public health crisis caused by the virus.

𝐃𝐨 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/6430

𝐁𝐨𝐧𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐒𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬-
ZIMMER BIOMET HOLDINGS
Essex Woodlands Healthcare Partners (Bioventus LLC)
Arthrex
Terumo Corporation
JOHNSON and JOHNSON
IGEA Pharma
THERAGEN ETEX CO., LTD
Manamed Inc
Isto Biologics
MEDTRONIC PLC.
Orthofix Medical Inc.
Colfax Corporation (DJO Global)
STRYKER CORPORATION

𝐕𝐀𝐋𝐔𝐄 𝐏𝐑𝐎𝐏𝐎𝐒𝐈𝐓𝐈𝐎𝐍𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐓𝐎 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓:
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𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐋𝐢𝐟𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐃𝐨𝐦𝐚𝐢𝐧 -
𝐈𝐧𝐭𝐫𝐚𝐩𝐚𝐫𝐭𝐮𝐦 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/intrapartum-monitoring-devices-market-A10998

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