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Steady Expansion Forecast for Bone Growth Stimulator Market, Projected to Reach $2.66 Billion by 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Bone Growth Stimulator Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for bone growth stimulators has expanded swiftly. The market is projected to escalate from $1.65 billion in 2024 to $1.82 billion in 2025, witnessing a compound annual growth rate (CAGR) of 10.0%. This surge during the historic period is linked to factors such as the rise in the aging population and orthopedic conditions, heightened awareness about non-invasive treatments, wider accessibility to TH*Care services, beneficial reimbursement policies, higher demand for less invasive solutions, and a growth in orthopedic surgery cases.
Bone Growth Stimulator Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the bone growth stimulator is predicted to experience a significant increase in the coming years, eventually reaching $2.66 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. Several contributing factors to this expected growth during the forecast period include increased public awareness, the embracing of regenerative medicine, investment in TH*Care infrastructure, broadening applications and indications, and beneficial TH*Care policies. Prominent emerging trends during this period encompass regenerative medicine, the application of 3D printing technology, the integration of wireless and IoT technologies for remote patient surveillance, patient-centric focus, and a rise in the adoption of telemedicine.
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What Are the Drivers Transforming the Bone Growth Stimulator Market?
Increasing bone fracture cases are anticipated to boost the bone growth stimulators market significantly. Ageing, dietary lifestyles, along with other chronic ailments, usually result in the weakening of human bones. Continuous or repetitive actions can fatigue the muscles and impose extra stress on bones, resulting in bone fractures. For illustration, American biotech firm Amgen reported in May 2022 that about 1.5 million fractures per year in the United States are caused by osteoporosis, generating expenses of $19 billion. Moreover, it's forecasted that the number of fractures due to osteoporosis will surge by 68% every year between 2018 to 2040, from 1.9 million to 3.2 million. Hence, due to the escalating instances of bone fractures, the bone growth stimulator market is set to experience substantial growth.
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What Long-Term Trends Will Define the Future of the Bone Growth Stimulator Market?
The bone growth stimulators market is witnessing a surge in its popularity due to technological advancements. Electrical Bone Growth Stimulation (EBGS) is a distinctive method used to speed up the healing process and improve the chances of successful fusion. The innovations and improvements in EBGS devices, as a result of increased experience and widespread use, have significantly transformed stimulation paradigms and clinical outcomes. In May 2022, for example, Orthofix Medical Inc., a US based company specializing in spinal, orthopedic, and bone development solutions, announced that it received pre-market approval from the U.S. Food and Drug Administration (FDA) for its AccelStim bone healing therapy Class III device. The AccelStim device, a non-surgical therapy, was approved for fresh fractures and fractures still under the healing phase (nonunions). This device functions by producing a Low-Intensity Pulsed Ultrasound (LIPUS) signal that aids the natural healing process of the bone and thus boosts fracture recovery.
Which Segments in the Bone Growth Stimulator Market Offer the Most Profit Potential?
The bone growth stimulator market covered in this report is segmented -
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
Subsegments:
1) By Bone Growth Stimulation Devices: Electrical Bone Growth Stimulators, Ultrasound Bone Growth Stimulators, Magnetic Field Bone Growth Stimulators
2) By Bone Morphogenetic Proteins (BMP): BMP-2, BMP-7, Other BMP Variants
3) By Platelet-Rich Plasma (PRP) Therapy: Autologous PRP Therapy, Allogeneic PRP Therapy, PRP Preparation Kits
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Which Firms Dominate the Bone Growth Stimulator Market by Market Share and Revenue in 2025?
Major companies operating in the bone growth stimulator market include Arthrex Inc., DJO Global Inc., Stryker Corporation, Bioventus LLC, Zimmer Biomet Holdings Inc., 3M Company, Becton Dickinson and Company, Cognionics Inc., ConMed Corporation, The Cooper Companies Inc., DyMedix Corporation, Koninklijke Philips N.V., Medtronic plc, Natus Medical Incorporated, Terumo Corporation, Orthofix Medical Inc., Ossatec Benelux BV, BTT Health GmbH, Stimulate Health Inc., ZimVie Inc., Enovis Inc., DePuy Synthes Inc., Smith & Nephew plc, BioTek Instruments Inc., BioMimetic Therapeutics Inc., Cerament, Cook Medical LLC, Curasan AG, Exactech Inc., Globus Medical Inc., Integra LifeSciences Corporation, Medartis AG, NuVasive Inc., OrthoPediatrics Corp., RTI Surgical Holdings Inc., Wright Medical Group N.V.
Which Regions Offer the Highest Growth Potential in the Bone Growth Stimulator Market?
North America was the largest region in the bone growth stimulator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bone growth stimulator market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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