Bone Growth Stimulators Market to Grow at a CAGR of 5.8% from 2022-2031, Reaching US$ 2 Billion: As per TMR Study

The global 𝐛𝐨𝐧𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐨𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 was valued at US$1.2 billion in 2021, projected to surpass US$2 billion by 2031, with a CAGR of 5.8% from 2022 to 2031.

Emerging economies' rising demand for bone growth stimulators is a key driver. Additionally, factors such as increased accidents, spinal injuries, orthopedic diseases, and disorders contribute to market growth. Companies are prioritizing technological advancements and R&D efforts to develop more affordable electronic bone growth stimulators, aiming to enhance patient acceptance.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Bone growth stimulator provides painless electrical or ultrasound stimulation, which promotes bone growth and facilitates faster bone healing. Several orthopedic surgeons recommend this device for patients with a history of smoking. They also recommend this device when bones and fracture patterns & open wounds do not heal properly because of impaired blood flow. The device is also recommended for spinal fusion surgery or cervical fusion surgery.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐃𝐢𝐬𝐞𝐚𝐬𝐞𝐬 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

The Arthritis Foundation predicts that degenerative joint diseases, like osteoarthritis, will impact around 130 million people worldwide by 2050. This rising prevalence, along with the growing burden of orthopedic diseases, is driving a surge in minimally invasive surgeries, leading to increased demand for bone growth stimulators.

Additionally, the prevalence of bone marrow transplants and bone cancers is further fueling this demand. Osteoarthritis, which primarily affects individuals over 60, is expected to contribute significantly to the growth of the bone growth stimulators market.

Healthcare practitioners are conducting advanced research in bone biology to improve patient outcomes, utilizing tools like bone densitometers for accurate bone loss measurement.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Zimmer Biomet, Terumo Corporation, Bioventus, Inc., Orthofix Medical, Inc., Ossatec Benelux BV, BTT Health GmbH, Stimulate Health, and Medtronic, plc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

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)

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Spinal Fusion Surgeries
Delayed Union & Nonunion Bone Fractures
Oral & Maxillofacial Surgeries
Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Hospitals & Clinics
Academic & Research Institutes and CROs
Home Care

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In February 2019, Orthofix Medical, Inc. acquired Options Medical, LLC, a medical device distributor based in Florida, the U.S.

In July 2018, Bioventus, Inc. entered into a definitive agreement to divest the morphogenetic protein (BMP) development program to Viscogliosi Brothers, LLC (VB), a private equity investment firm

In March 2018, Orthofix Medical, Inc. received FDA and European CE mark approvals for PhysioStim bone growth stimulators

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Increasing incidences of bone fractures and orthopedic conditions, growing geriatric population, advancements in bone growth stimulation technologies.

Challenges:

High costs associated with bone growth stimulators, limited reimbursement policies in certain regions, and concerns regarding efficacy and safety.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of wireless and portable bone growth stimulators for enhanced patient comfort and convenience.
Integration of smart technology for real-time monitoring and feedback.
Collaborations and partnerships between medical device manufacturers and healthcare providers to expand market presence.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The Bone Growth Stimulators Market is poised for significant growth in the coming years, driven by ongoing technological advancements and increasing investments in research and development. The market will witness further expansion with the rising prevalence of orthopedic conditions and the growing demand for non-invasive treatment options.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market dynamics analysis, including drivers, challenges, opportunities, and trends.

Comprehensive segmentation analysis based on service type, sourcing type, application, industry vertical, and region.

Regional analysis highlighting key growth markets and factors influencing market growth.

Competitive landscape assessment, profiling key players, and strategic initiatives.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐑𝐀𝐒-𝐚𝐜𝐭𝐢𝐧𝐠 𝐀𝐠𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/11/2644873/0/en/RAS-acting-Agents-Market-Size-to-Reach-USD-13-4-Bn-by-2031-with-CAGR-of-4-2-TMR-Study.html

𝐏𝐨𝐄 𝐈𝐧𝐣𝐞𝐜𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/en/news-release/2023/04/12/2645753/0/en/Global-PoE-Injector-Market-to-Reach-US-1-3-Billion-by-2031-Growing-at-a-CAGR-of-9-1-from-2022-2031-Transparency-Market-Research.html

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