Press release
Bone Growth Stimulators Market Updates :North America Region is Predicted to Experience Largest Market Share During 2020-2030
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/A06065
The global bone growth stimulators market is propelled by factors such as the increasing elderly population, a rise in fracture incidents and accidents, growing prevalence of arthritis, surging cases of diabetes, and other medical conditions like obesity, vascular disease, and renal disorders.
Additionally, the preference for minimally invasive and non-invasive surgical treatments contributes to market growth. However, stringent approval processes and limited medical reimbursement policies for bone stimulation products pose some constraints. Conversely, opportunities arise from the increasing availability of cost-effective bone growth stimulation devices and the rise in platelet-rich plasma and bone morphogenetic proteins in the market.
The report offers detailed segmentation of the global bone growth stimulators market based on product, application, distribution channel, and region.
In terms of application, the spinal fusion surgeries segment dominated the market in 2020, accounting for nearly half of the total market share and is anticipated to maintain its leading position throughout the forecast period. Furthermore, this segment is forecasted to exhibit the highest Compound Annual Growth Rate (CAGR) of 6.0% from 2021 to 2030.
Regarding distribution channels, the hospitals & clinics segment held the largest market share in 2020, representing more than half of the total market share and is expected to retain its leadership position during the forecast period. Additionally, this segment is projected to experience the highest CAGR of 5.8% from 2021 to 2030.
In terms of regional analysis, North America contributed the highest revenue share in 2020, capturing more than half of the total market share and is predicted to maintain its dominant position by 2030. Moreover, Asia-Pacific is anticipated to witness the fastest CAGR of 6.9% during the forecast period.
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ @ https://www.alliedmarketresearch.com/connect-to-analyst/A06065
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐
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.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Colfax Corporation (DJO Global)
Manamed Inc.
Orthofix Medical Inc.
Terumo Corporation
Essex Woodlands Healthcare Partners (Bioventus LLC)
Arthrex
JOHNSON & JOHNSON
Isto Biologics
MEDTRONIC PLC.
ZIMMER BIOMET HOLDINGS
STRYKER CORPORATION
THERAGEN ETEX CO., LTD
IGEA Pharma
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐- https://www.alliedmarketresearch.com/bone-growth-stimulators-market-A06065
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