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Global Bone Growth Stimulators Market: By Product; By Application: Spinal Fusion Surgeries, Delayed Union and Non-union Bone Fractures, Oral and Maxillofacial Surgeries, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Bone Growth Stimulators Market Outlook
The global bone growth stimulators market is expected to grow at a CAGR of 5.20% in the forecast period of 2023-2028. The market is further expected to attain nearly USD 1.49 billion by 2026.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, End Use, Regions |
| Breakup by Product | Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Rich Plasma |
| Breakup by Application | Spinal Fusion Surgeries, Delayed Union and Non-union Bone Fractures, Oral and Maxillofacial Surgeries, Others |
| Breakup by End Use | Hospitals, Ambulatory Surgical Centres, Speciality Clinics, Others |
| Breakup by Regions | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Medtronic, Bioventus LLC, Orthofix Medical Inc., Zimmer Biomet Holdings Inc., DJO, LLC, Stryker Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bone Growth Stimulators Market Analysis
8.1 Key Industry Highlights
8.2 Global Bone Growth Stimulators Historical Market (2018-2022)
8.3 Global Bone Growth Stimulators Market Forecast (2023-2028)
8.4 Global Bone Growth Stimulators Market by Product
8.4.1 Bone Growth Stimulation Devices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 External BGS
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Implanted BGS
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Ultrasonic BGS
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.2 Bone Morphogenetic Proteins (BMP)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Platelet-Rich Plasma
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Bone Growth Stimulators Market by Application
8.5.1 Spinal Fusion Surgeries
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Delayed Union and Non-union Bone Fractures
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Oral and Maxillofacial Surgeries
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Bone Growth Stimulators Market by End Use
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Ambulatory Surgical Centres
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Speciality Clinics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Bone Growth Stimulators Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Bone Growth Stimulators Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Bone Growth Stimulators Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Bone Growth Stimulators Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Bone Growth Stimulators Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Bone Growth Stimulators Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Medtronic
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bioventus LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Orthofix Medical Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Zimmer Biomet Holdings Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 DJO, LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Stryker Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bone Growth Stimulators Market: Key Industry Highlights, 2018 and 2028
2. Global Bone Growth Stimulators Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Bone Growth Stimulators Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Bone Growth Stimulators Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Bone Growth Stimulators Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Bone Growth Stimulators Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Bone Growth Stimulators Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Bone Growth Stimulators Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Bone Growth Stimulators Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Bone Growth Stimulators Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Bone Growth Stimulators Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Bone Growth Stimulators Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Bone Growth Stimulators Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Bone Growth Stimulators Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Bone Growth Stimulators Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Bone Growth Stimulators Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Bone Growth Stimulators Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Bone Growth Stimulators Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Bone Growth Stimulators Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Bone Growth Stimulators Market Structure
Key Questions Answered in the Report
The global bone growth stimulators market is projected to grow at a CAGR of 5.20% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach approximately USD 1.49 billion by 2026.
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.
Analyst Review
The global bone growth stimulators market is driven by the rising cases of injuries and bone related disorder. Aided by surging developments in the healthcare sector, the market is expected to witness healthy growth in the forecast period of 2023-2028 growing at a CAGR of 5.20%. The market is projected to reach nearly USD 1.49 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on product, the bone growth stimulators industry can be segmented into bone growth stimulation devices, bone morphogenetic proteins (BMP), and platelet-rich plasma. On the basis of application, the industry is divided into spinal fusion surgeries, delayed union and non-union bone fractures, and oral and maxillofacial surgeries, among others. By end uses, the market is catgorised into hospitals, ambulatory surgical centres, and speciality clinics, among others. The major regional markets for bone growth stimulators are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Medtronic, Bioventus LLC, Orthofix Medical Inc., Zimmer Biomet Holdings Inc., DJO, LLC, and Stryker Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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