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Unveiling Opportunities: Bone Growth Stimulator Market 2024 - By Size, Growth, Trends, and a Comprehensive Global Forecast Extending to 2033
Bone Growth Stimulator Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Bone Growth Stimulator industry. This report on Bone Growth Stimulator market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The bone growth stimulator market size has grown rapidly in recent years. It will grow from $1.53 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to aging population and orthopedic conditions, increasing awareness of non-invasive treatments, expansion of healthcare access, favorable reimbursement policies, increased demand for minimally invasive solutions, and increased orthopedic surgery prevalence. The bone growth stimulator market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
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Key Market Players:
Arthrex Inc., DJO Global Inc., Stryker Corporation, Bioventus LLC, Zimmer Biomet Holdings Inc., 3M Company, Ambu A/S, Becton Dickinson and Company.
Market Drivers:
According to the Bone Growth Stimulator Market Report 2024 by The Business Research Company, the increasing number of sports injuries is expected to propel the growth of the bone growth stimulator market in the coming years. Sports injuries are injuries to the body that occur during exercise, sports, or athletic activities. These injuries can affect the muscles, ligaments, tendons, bones, and other components of the body. Bone growth stimulators are used to improve bone repair and rehabilitation in sports injuries. They help with bone restoration, promote tissue growth, reestablish bone strength and stiffness, and aid in bone formation and healing during dental implant surgery. For instance, in 2022, according to the National Safety Council, a US-based non-profit public service organization dedicated to improving health and safety, sports and leisure injuries climbed by 20% in 2021 and by another 12% in 2022. Therefore, the increasing number of sports injuries is driving the bone growth stimulator market.
More information about the Global Bone Growth Stimulator Market Report -
https://www.thebusinessresearchcompany.com/report/bone-growth-stimulator-global-market-report
Market segments for Bone Growth Stimulator include:
1) By Type: Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Rich Plasma (PRP) Therapy
2) By Type Of Use: Implantable Device, External Device
3) By Application: Fractures, Spinal Fusion, Osteogenesis, Arthrodesis Treatment, Spondylolisthesis
4) By End User: Hospitals & ASCs, Specialty Clinics, Home Care
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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