At 4.50% CAGR, Global Bone Growth Stimulation Devices Market Size to Hit US$ 1269.83 Million by 2028 - Comprehensive Research, Industry Trends, Demand & Forecast Report by Facts & Factors

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Facts & Factors
Facts & Factors

[201+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Bone Growth Stimulation Devices Market size & share is estimated to grow about USD 1269.83 million by 2028, at a CAGR of approximately 4.50% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Zimmer Biomet, Bioventus, Orchid Medical Inc., TERUMO BCT INC., Arteriocyte Medical Systems Inc., Arthrex Inc., Smith & Nephew, Stryker, Medtronic, Orthofix Medical Inc., Regen Lab SA, elizur Corporation, and Others.

DUBLIN, Ireland, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Bone Growth Stimulation Devices Market Size, Share, Growth Analysis Report By Product (External Bone Growth Stimulators, Implanted Bone Growth Stimulators, and Ultrasonic Bone Growth Stimulators), By Application (Spinal Fusion Surgeries, Delayed Union and Nonunion Bone Fractures, Oral and Maxillofacial Surgeries and Other Applications), By End User (Hospitals and Clinics, Home Care and Academic and Research Institutes and CROS), and By Region- Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Bone Growth Stimulation Devices Market size & share in terms of revenue was valued at USD 975.10 million in 2021 and it is expected to surpass around USD 1269.83 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 4.50% during the forecast period 2022 to 2028.”

What are Bone Growth Stimulation Devices? How big is the Bone Growth Stimulation Devices Industry?

Bone growth stimulator devices are medical devices that enhance fracture healing in circumstances of delay or failure. They speed up the healing process by administering electric shocks to patients. Some bone growth stimulators on the market include bone morphogenetic proteins, bone growth stimulation agents, and platelet-rich plasma. There are three types of bone growth stimulation devices: pulsed electromagnetic field devices, capacitive coupling devices, and hybrid magnetic field devices. The increasing number of individuals struggling from degenerative bone diseases and osteoarthritis is expected to fuel market expansion. Owing to the rise in demand for Bone Growth Stimulation Devices, the global Bone Growth Stimulation Devices market is estimated to grow at a CAGR of 4.50% during the forecast period.

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  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.

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  • Provide detailed chapter-by-chapter guidance on Request

  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022

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  • Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Market Growth Dynamics

  • Growing patient preference for non-invasive and minimally invasive surgical treatments will likely pave the way for global market growth

Growing demand for non-invasive and minimally invasive surgical treatments, an increase in target patient population, an increase in the number of benefits provided by devices in bone fracture treatment, the development of biocompatible synthetic bone grafts, and an increase in orthopedic conditions and surgical cases are some of the major and critical factors that will likely augment the growth of the bone growth stimulation devices market. On the other hand, an increasing number of applicants from emerging economies, as well as technical innovation and development in the field of healthcare, will help the expansion of the bone growth stimulation devices market by generating significant potential. However, high treatment costs, combined with a lack of reimbursement policies in emerging economies, are predicted to function as market barriers to the expansion of bone growth stimulation devices over the forecasted timeframe.

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Bone Growth Stimulation Devices Market: COVID-19 Impact Analysis

The worldwide COVID-19 pandemic has had a significant impact on markets across a variety of sectors and businesses, including the healthcare industry, the oil and petroleum industry, the aerospace and defense industry, and the food and beverage industry. It is anticipated that the pandemic will have a negative impact on the market for bone growth stimulation devices in the short term as a result of a decrease in the number of elective surgeries, a ban on organized sports, the temporary shutdown of O&P clinics, limited access to clinics, hospital access restricted to non-essential care, and a slowdown in in-patient flow and referrals. Nevertheless, there are indications of a moderate recovery in the big markets of Europe and China.

Bone Growth Stimulation Devices Market: Segmentation Analysis       

The Global Bone Growth Stimulation Devices Market is segregated based on product, application, end-user, and region. Based on product, the market is divided into External Bone Growth Stimulators, Implanted Bone Growth Stimulators and Ultrasonic Bone Growth Stimulators. Among these the External Bone Growth Stimulators segment dominates the market in 2021.

Based on application, the market is divided into Spinal Fusion Surgeries, Delayed Union and Nonunion Bone Fractures, Oral and Maxillofacial Surgeries and Other Applications. Over the forecast period, the spinal fusion surgeries segment is expected to develop at the fastest rate in 2021.

Based on end-user, the market is classified into Hospitals and Clinics, Home Care and Academic and Research Institutes and CROS. The hospitals and clinics segment dominates the market in 2021.

The global Bone Growth Stimulation Devices market is segmented as follows:

By Product

  • External Bone Growth Stimulators,

  • Implanted Bone Growth Stimulators

  • Ultrasonic Bone Growth Stimulators

By Application

  • Spinal Fusion Surgeries

  • Delayed Union and Nonunion Bone Fractures

  • Oral and Maxillofacial Surgeries

  • Other Applications

By End User

  • Hospitals and Clinics

  • Home Care

  • Academic and Research Institutes and CROS

Browse the full “Bone Growth Stimulation Devices Market - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/bone-growth-stimulation-devices-market

Competitive Landscape

Some of the main competitors dominating the global Bone Growth Stimulation Devices market include -

  • Zimmer Biomet

  • Bioventus

  • Orchid Medical Inc.

  • TERUMO BCT INC.

  • Arteriocyte Medical Systems Inc.

  • Arthrex Inc.

  • Smith & Nephew

  • Stryker

  • Medtronic

  • Orthofix Medical Inc.

  • Regen Lab SA

  • elizur Corporation

  • BTT Health GmbH

  • Synergy Orthopedics

  • Ito Co. Ltd.

  • DePuySynthes

  • DJO LLC

  • Ossatec Benelux BV

  • Verve Consulting Inc.

  • IGEA

Key Insights from Primary Research:

  • According to the analysis shared by our research forecaster, the Bone Growth Stimulation Devicesmarket is likely to expand at a CAGR of around 4.50% during the forecast period (2022-2028).

  • In terms of revenue, the Bone Growth Stimulation Devices market size was valued at around US$ 975.10 million in 2021 and is projected to reach US$ 1269.83 million by 2028.

  • The spinal fusion surgeries segmenting the bone growth stimulation devices market is expected to develop fastest in 2021.

  • Based on end user segment, the hospitals and clinics segment held the most significant market share for bone growth stimulation devices in 2021.

  • On the basis of geography, North America is expected to dominate the Bone Growth Stimulation Devices Market in 2021.

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Key questions answered in this report:

  • What is the market size and growth rate forecast for Bone Growth Stimulation Devices industry?

  • What are the main driving factors propelling the Bone Growth Stimulation Devices Market forward?

  • What are the leading companies in the Bone Growth Stimulation Devices Industry?

  • What segments does the Bone Growth Stimulation Devices Market cover?

  • How can I receive a free copy of the Bone Growth Stimulation Devices Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2022−2028

  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

  • Market Segmentation – A detailed analysis by Product, Application, End User, and Region

  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America is expected to dominate the Global Bone Growth Stimulation Devices Market in 2021. The highly developed healthcare system and reimbursement system in North America, as well as greater physician and patient awareness of recently introduced treatment procedures and practices in the market, may be attributed to the region's high dominance. The market for North American bone growth stimulation devices is growing as a result of an aging population, an increase in the prevalence of spinal problems, increased exposure to significant risk factors (such as obesity, smoking, and diabetes), and growing patient demand for minimally invasive orthopedic therapy.

Over the forecast period, the Asia Pacific regional market is expected to grow at a significant rate in 2021. Profitable development has resulted from the area's rising prevalence of bone diseases. It is projected that the sizable pool of potential customers and the market's under saturation would offer bone stimulator companies profitable expansion opportunities, helping to foster regional growth.

By Region

  • North America

    • U.S.

    • Canada

    • Rest of North America

  • Europe

    • France

    • UK

    • Spain

    • Germany

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Rest of Asia Pacific

  • The Middle East & Africa

    • Saudi Arabia

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Recent Developments

  • In March 2021, Bioness, Inc. has been acquired by Bioventus LLC. Bioventus LLC will be able to increase its bone growth therapy product portfolio as a result of this acquisition.

  • In 2020, DePuySynthes renewed its partnership with the AO Foundation to promote patient care and outcomes through innovation and the AO Foundation's independent worldwide education offerings.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 975.10 Million

Projected Market Size in 2028

USD 1269.83 Million

CAGR Growth Rate

4.50% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Zimmer Biomet, Bioventus, Orchid Medical Inc., TERUMO BCT INC., Arteriocyte Medical Systems Inc., Arthrex Inc., Smith & Nephew, Stryker, Medtronic, Orthofix Medical Inc., Regen Lab SA, elizur Corporation, and Others

Key Segment

By Product, Application, End User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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