DUBLIN, Feb. 28, 2023 /PRNewswire/ — The “Bone Growth Stimulator Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global bone growth stimulator market.
The global bone growth stimulator market is expected to grow from $1.30 billion in 2021 to $1.36 billion in 2022 at a compound annual growth rate (CAGR) of 4.71%. The bone growth stimulator market is expected to grow to $1.86 billion in 2026 at a compound annual growth rate (CAGR) of 8.14%.
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Major players in the bone growth stimulator market are Arthrex Inc, DJO Global Inc, Stryker Corporation, Bioventus Inc, Zimmer Biomet Holdings Inc, Medtronic plc, Orthofix Holdings Inc, Depuy Synthes, Terumo BCT Inc, Isto Biologics, Johnson & Johnson, Ossatec Benelux BV, Elizur Corporation, ITO Co Ltd, BTT Health GmbH, Stimulate Health, Kinex Medical Company LLC, Fintek Bio-Electric Inc, Regen Lab SA and Altis Biologics (Pty) Ltd.
The bone growth stimulator market consists of the sales of bone growth stimulator devices by entities (organizations, partnerships, and sole proprietors) that is used to boost bone healing for difficult to heal fractures or fusions through applying ultrasonic or electrical current to the fracture/fusion site.
It is an electrical osteogenesis stimulator used to boost the natural fusion of bone after a fracture. The purpose of BGS is to send more energy to the healing bone surface through either pulsed electromagnetic or ultrasound. The electromagnetic field allows attracting the two oppositely charged ends of the bones to each other by stimulating new bone growth and fusion, which leads to healing.
The main type of bone growth stimulators (BGS) are bone growth stimulation devices, bone morphogenetic proteins (BMP) and platelet-rich plasma (PRP) therapy. The bone growth stimulation devices are implanted internally or can be worn on the outside of the body using straps to secure them in place to improve fracture healing rate and shorten fracture healing time. These BGS can be implantable device and external device and have application in the treatment of fractures, spinal fusion, osteogenesis, arthrodesis treatment and spondylolithesis. The major end use sectors of BGS are hospitals & ASCs, speciality clinics, and home care.
North America was the largest region in the bone growth stimulator market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bone growth stimulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rising number of bone fractures is expected to significantly drive the growth of the bone growth stimulators market. A person’s bones typically weaken with age, dietary habitat, and other chronic disorders. The overuse or repetitive motions can tire muscles and put more pressure on the bone leading to bone fracture.
Technological advancement is a key trend gaining popularity in the bone growth stimulators market. Electrical Bone Growth Stimulation (EBGS) is a unique approach to accelerate healing and promote fusion success rates. Increased experience and widespread EBGS devices have led to significant advancements in stimulation paradigms and clinical outcomes.
The countries covered in the bone growth stimulator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Key Topics Covered:
1. Executive Summary
2. Bone Growth Stimulator Market Characteristics
3. Bone Growth Stimulator Market Trends And Strategies
4. Impact Of COVID-19 On Bone Growth Stimulator
5. Bone Growth Stimulator Market Size And Growth
5.1. Global Bone Growth Stimulator Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Bone Growth Stimulator Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Bone Growth Stimulator Market Segmentation
6.1. Global Bone Growth Stimulator Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Bone Growth Stimulation Devices
- Bone Morphogenetic Proteins (BMP)
- Platelet-Rich Plasma (PRP) Therapy
6.2. Global Bone Growth Stimulator Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Spinal Fusion
- Arthrodesis Treatment
6.3. Global Bone Growth Stimulator Market, Segmentation By Type of Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Implantable Device
- External Device
6.4. Global Bone Growth Stimulator Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Hospitals & ASCs
- Speciality Clinics
- Home Care
7. Bone Growth Stimulator Market Regional And Country Analysis
7.1. Global Bone Growth Stimulator Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Bone Growth Stimulator Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/6vbwlx-growth?w=5
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