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Global Bone Growth Stimulators Market Share, Size, Analysis, Growth, Forecast: By Type: Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Rich Plasma; By Application: Spinal Fusion Surgeries, Delayed Union and Non-union Bone Fractures, Others; By End Use; Regional Analysis; Supplier Landscape; 2024-2032
Global Bone Growth Stimulators Market Outlook
The global bone growth stimulator market value was USD 1.70 billion in 2023, driven by the increasing prevalence of orthopedic conditions across the globe. The global market share is anticipated to grow at a CAGR of 5.4% during the forecast period of 2024-2032 to achieve a value of USD 2.7 billion by 2032.
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Growing Cases of Arthritis, Osteoporosis, and Accidental Injuries to Bolster the Growth of Bone Growth Stimulators Industry
A bone growth stimulator is medical equipment that is used predominantly to treat fractures that do not show any progressive signs of healing. As bone-related injuries are common during sports, athletes use bone healing devices, such as bone simulators, for effective and fast treatment. Moreover, poor lifestyles and unhealthy eating choices among the global population are weakening the bones. This is increasing the risk for bone-related issues such as fractures, hence aiding the market growth. Additionally, rising cases of clinical conditions such as arthritis and osteoporosis owing to the surging geriatric population, especially in developed countries, are boosting the market growth. The vulnerability to fractures increases with age; thus, the growing geriatric population is also contributing to the growth of global bone growth stimulators industry.
Bone Growth Stimulators: Market Segmentation
A bone growth stimulator is an electrical device that is used to induce the growth of new bone after spinal fusion surgery. The body’s natural healing process produces electrical currents, and the stimulator augments these currents to treat various bone-related adversaries.
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Based on product, the market is segmented into:
- Bone Growth Stimulation Devices
- External BGS
- Implanted BGS
- Ultrasonic BGS
- Bone Morphogenetic Proteins (BMP)
- Platelet-Rich Plasma
The major applications of bone growth stimulators are:
- Spinal Fusion Surgeries
- Delayed Union and Non-union Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
On the basis of end uses, the market is divided into:
- Hospitals
- Ambulatory Surgical Centres
- Speciality Clinics
- Others
The EMR report looks into the regional markets of bone growth stimulators like North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Technological Advancement Propelling the Growth of Bone Growth Stimulators Industry
In many cases, the process of bone healing requires intervention by medical professionals. The products recommended by medical professionals for these conditions include bone growth stimulators. Bone growth stimulators work by encouraging several receptors in the patient’s body to enhance the healing response, hence propelling the market growth. It is a faster way of healing, due to which it is preferred instead of medications. Technological advancement and development in the healthcare sector and the rise in government expenditure on healthcare are some of the major factors driving the bone growth stimulators industry. The surge of the geriatric population in Europe and North America is catalysing the rising prevalence of the bone disorder, spinal injuries, and fractures, which is propelling the market growth. Moreover, favourable features of bone growth stimulators, such as their ease of handling, portability, and light weight, are increasing its demand, consequently invigorating the market growth. In addition, the increasing research and development (R&D) activities in the market are expected to further fuel the expansion of the bone growth stimulators industry in the forecast period.
Key Industries Players in the Global Bone Growth Stimulators Market
The report presents a detailed analysis of the following key players in the global bone growth stimulators market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Medtronic
- Bioventus LLC
- Orthofix Medical Inc.
- Zimmer Biomet Holdings Inc.
- DJO, LLC
- Stryker Corporation
- Others
The comprehensive report looks into macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
|
| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Bone Growth Stimulator Market Overview
3.1 Global Bone Growth Stimulator Market Historical Value (2017-2023)
3.2 Global Bone Growth Stimulator Market Forecast Value (2024-2032)
4 Global Bone Growth Stimulator Market Landscape
4.1 Global Bone Growth Stimulator Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Bone Growth Stimulator Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Bone Growth Stimulator Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Bone Growth Stimulator Market Segmentation
6.1 Global Bone Growth Stimulator Market by Type
6.1.1 Market Overview
6.1.2 Bone Growth Stimulation Devices
6.1.2.1 External BGS
6.1.2.2 Implanted BGS
6.1.2.3 Ultrasonic BGS
6.1.3 Bone Morphogenetic Proteins (BMP)
6.1.4 Platelet-Rich Plasma
6.2 Global Bone Growth Stimulator Market by Application
6.2.1 Market Overview
6.2.2 Spinal Fusion Surgeries
6.2.3 Delayed Union and Non-union Bone Fractures
6.2.4 Oral and Maxillofacial Surgeries
6.2.5 Others
6.3 Global Bone Growth Stimulator Market by End Use
6.3.1 Market Overview
6.3.2 Hospitals and Clinics
6.3.3 Home Care
6.3.4 Academics and Research Institutes and CROS
6.4 Global Bone Growth Stimulator Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Bone Growth Stimulator Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Bone Growth Stimulator Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Bone Growth Stimulator Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Bone Growth Stimulator Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Bone Growth Stimulator Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronic
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Bioventus LLC
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Orthofix Holdings, Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Zimmer Biomet Holdings Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 DJO, LLC
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 DePuy Synthes
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Stryker Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Arthrex, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Bioventus
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Isto Biologics
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Terumo BCT, Inc.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Bone Growth Stimulator Market- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The bone growth stimulator market was valued at USD 1.70 billion in 2023.
The market is expected to grow at a CAGR of 5.4% from 2024 to 2032 to reach a value of USD 2.7 billion by 2032.
The market is being driven by the increasing number of injuries and bone related disorder.
The industry is expected to be aided by the technological advancement and development in the healthcare sector.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major products of bone growth stimulator in the industry are bone growth stimulation devices, bone morphogenetic proteins (BMP), and platelet-rich plasma.
The leading applications of bone growth stimulators are spinal fusion surgeries, delayed union and non-union bone fractures, and oral and maxillofacial surgeries, among others.
The significant end uses of bone growth stimulators are hospitals, ambulatory surgical centres, and speciality clinics, among others.
The leading players in this market are Medtronic, Bioventus LLC, Orthofix Medical Inc., Zimmer Biomet Holdings Inc., DJO, LLC, and Stryker Corporation, among others.
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