Expert Market Research’s new report titled ‘Global Bone Growth Stimulators Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the global bone growth stimulator market. Growth Enhancers Market assessing the market based on its segments such as product, application, end-use, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-26): 5.20%
- Forecast market size (2026): 1.49 billion USD
A bone growth stimulator is medical equipment primarily used to treat fractures that are not healing properly. Athletes use bone healing technologies, such as bone simulators, for effective and fast treatment of bone-related injuries, which are common during sports. The poor lifestyles and poor eating habits of the world’s population weaken their bones. This increases the risk of bone-related issues like fractures, which helps in the growth of the market. Additionally, increasing incidence of clinical disorders such as arthritis and osteoporosis due to growing elderly population is fueling the expansion of the market, especially in developed countries.
Industry definition and major segments
After spinal fusion surgery, a bone growth stimulator is an electrical device used to stimulate the creation of new bone. Electrical currents are produced by the body’s natural healing process, and the stimulator stimulates these currents to treat a variety of bone-related issues.
On the basis of product, the market is segmented into:
- Bone growth stimulation devices
- External BGS
- BGS implanted
- Ultrasonic BGS
- Bone morphogenetic proteins (BMP)
- platelet-rich plasma
Based on the application, the product can be segmented into:
- Spinal fusion surgeries
- Bone fractures with delayed consolidation and pseudarthrosis
- Oral and maxillofacial surgery
Industry finds its end use in:
- Ambulatory surgery centers
- Specialized clinics
The report also covers regional markets such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
In many circumstances, the process of bone repair requires medical assistance. Bone growth stimulators are among the products indicated by doctors for these problems. Bone growth stimulators work by stimulating various receptors in the patient’s body to enhance the healing response, driving the market forward. It is recommended over pharmaceuticals as it is a faster way to healing. Some of the major drivers of the bone growth stimulator industry are advancements in technology and the expansion of the healthcare sector, along with the increase in government spending on healthcare.
Main market players
Major market players include Medtronic, Bioventus LLC, Orthofix Medical Inc., Zimmer Biomet Holdings Inc., DJO, LLC, and Stryker Corporation, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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