Bone Growth Stimulator Market


Posted January 7, 2020 by sanuse

Bone Growth Stimulator Market is expected to reach US$ XX Bn by 2026 at a CAGR of 6.5 % during the forecast period.
 
Bone Growth Stimulator Market is expected to reach US$ XX Bn by 2026 at a CAGR of 6.5 % during the forecast period.

Bone growth stimulation may involve the use of invasive, semi-invasive or non-invasive techniques. Bone growth stimulation is a type of therapy which is often used to aid in the healing process after a fracture or spinal fusion surgery. BGS or bone growth stimulation can help in promoting quicker healing in fractures which make take a longer duration to heal by the natural healing process. Bone growth stimulator also known as osteogenesis stimulators devices provide pain-free ultrasound or electrical stimulation and is generally recommended by orthopedists to help in faster bone healing.

The growing patient preference for non-invasive and minimally invasive surgical treatments, increasing the target patient population, and procedural benefits offered by bone stimulation devices in bone fracture treatments would create commercial market opportunities. Furthermore, complications associated with the use of bone morphogenetic proteins (BMP) and unfavorable reimbursement scenario related to bone growth stimulators may hamper the growth of the market.

Bone Growth Stimulator market is segmented by product, application, end user and region. Among products, bone morphogenetic proteins (BMP) and platelet-rich plasma (PRP) systems segment are expected to be the fastest-growing segment owing to faster healing resulting in quick recovery.

Among applications, spinal fusion surgeries and oral and maxillofacial surgeries segments are considered an attractive market segment and is expected to hold a significant share of the market in the coming years. Growth can be attributed to factors such as rising adoption of technology advancement.

Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to improved reimbursement policies and an upsurge in the investments in healthcare-service sector. The APAC region is expected to grow at the highest CAGR during the forecast period due to the increasing elderly population in the region. The high percentage of the elderly population in developing countries such as China and Japan are increasing the incidences of bone fractures & spinal fusion surgical procedures in the Asia Pacific region.

The key players of the Bone Growth Stimulator market include Orthofix International N.V. (U.S.), Medtronic plc (Ireland), and Zimmer Biomet Holdings, Inc. (U.S.), DJO Finance LLC (U.S.), Bioventus LLC (U.S.), Stryker Corporation (U.S.), DePuy Synthes (U.S.), Arthrex, Inc. (U.S.), Isto Biologics (U.S.), and Harvest Technologies Corporation (U.S.)

In the Bone Growth Stimulator market, Orthofix International N.V. holds the leadership position due to production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. In 2018, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.

The objective of the report is to present comprehensive analysis of Bone Growth Stimulator market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Bone Growth Stimulator market dynamics, structure by analyzing the market segments, and project the Bone Growth Stimulator market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Bone Growth Stimulator market make the report investor’s guide.

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The scope of the Bone Growth Stimulator Market report:

• Bone Growth Stimulator Market, by Product

• Bone Growth Stimulation Devices
 External Bone Growth Stimulators
 Combined Magnetic Field (CMF) Devices
 Capacitive Coupling (CC) Devices
 Pulsed Electromagnetic Field (PEMF) Devices
 Implanted Bone Growth Stimulators
 Ultrasonic Bone Growth Stimulators
• Bone Morphogenetic Proteins (BMP)
• Platelet-rich Plasma (PRP)
• Bone Growth Stimulator Market, by End User

• Hospitals and Clinics
• Home Care
• Academic & Research Institutes and CROs
• Bone Growth Stimulator Market, by Application

• Spinal Fusion Surgeries
• Delayed Union & Nonunion Bone Fractures
• Oral and Maxillofacial Surgeries
• Other Applications
• Bone Growth Stimulator Market, By Region

• North America
• Europe
• APAC
• Latin America
• MEA
• Key Players: Bone Growth Stimulator Market

• Orthofix International N.V.
• Medtronic plc
• Zimmer Biomet Holdings, Inc.
• DJO Finance LLC
• Bioventus LLC
• Stryker Corporation
• DePuy Synthes
• Arthrex, Inc.
• Isto Biologics
• Harvest Technologies Corporation
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Tags bone growth stimulator market
Last Updated January 7, 2020