Bone Growth Stimulators Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Orthofix Medical Inc. (NASDAQ: OFIX), Zimmer Biomet (NYSE: ZBH), Bioventus LLC (NASDAQ: BVS)

Registering a CAGR of 6% over the forecast period, the market value of Bone Growth Stimulators is expected to reach US$ 1600.50 million in the year 2027.

Bone Growth Stimulators Market Overview

Bone growth stimulator devices are medical devices that help the fracture healing process when it is delayed or fails. They speed up the natural healing process by administering electric shocks to patients. Bone growth stimulators on the market include bone growth stimulation devices, bone morphogenetic proteins, and platelet-rich plasma. There are three types of bone growth stimulation devices: pulsed electromagnetic field devices, capacitive coupling devices, and combined magnetic field devices.

Rise in geriatric population; rise in fracture and accident incidences; rise in arthritis prevalence; surge in cases of diabetes and other medical conditions such as obesity, vascular disease, and renal disorders; and rise in patient preference for minimally invasive & non-invasive surgical treatments are the major factors driving the global bone growth stimulators market size. According to the Centers for Disease Control and Prevention (CDC), approximately 58.5 million Americans (24 % of all adults) were diagnosed with arthritis in 2020. Furthermore, the increased availability of platelet-rich plasma and bone morphogenetic proteins, as well as the availability of low-cost bone growth stimulation devices, drive the growth of the bone growth stimulators market.

The recent trend has been an increase in the preference and adoption of non-invasive bone growth stimulators. Non-invasive stimulators stimulate osteogenesis in conjunction with spinal fusion or fracture fixation by using magnetic, ultrasonic, or electrical fields. During the entire treatment procedure, the device is placed over the location of a fracture for a period of time.

The report aspects discussed the profile of the top manufacturers of the global Bone Growth Stimulators market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Bone Growth Stimulators Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Bone Growth Stimulators Market?

The global Bone Growth Stimulators includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Orthofix Medical Inc. (NASDAQ: OFIX), DJO Finance LLC, Zimmer Biomet (NYSE: ZBH), Bioventus LLC (NASDAQ: BVS), Medtronic plc (NYSE: MDT), Stryker, DePuy Synthes, Arthrex Inc., Isto Biologics, Terumo Corporation, Ember Therapeutics, Inc., Ossatec Benelux Ltd., Altis Biologics (Pty) Ltd., Regen Lab SA , ITO Co., Ltd., Elizur Corporation, BTT Health GmbH, Stimulate Health Inc., VQ OrthoCare, Kinex Medical Company LLC, Fintek Bio-Electric Inc., Biomedical Tissue Technologies Pty Ltd. , T-Biotechnology, DrPRP America LLC, Ivy Sports Medicine, LLC, Glofinn Oy, and REMI GROUP  and others.

Industry News and Updates:

Orthofix Receives Exclusive US License for IGEA Bone and Joint Stimulation Devices

28th of April, 2021— Orthofix Medical Inc. (NASDAQ: OFIX), a global medical device company focused on the spine and extremities, announced today that it has entered into an exclusive license agreement to commercialize the innovative portfolio of bone, cartilage, and soft tissue stimulation products from Italy-based IGEA S.p.A in the United States and Canada.

What are the major Applications, Types, and Regions for the Bone Growth Stimulators Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Bone Growth Stimulation Devices


• External Bone Growth Stimulators


• Implanted Bone Growth Stimulators


• Ultrasonic Bone Growth Stimulators


• Bone Morphogenetic Proteins


• Platelet-rich Plasma

By Application, it is segmented into

• Spinal Fusion Surgeries


• Delayed Union & Non-union Bone Fractures


• Oral and Maxillofacial Surgeries


• Other Applications

Market Driver:

Patients’ preference for non-invasive and minimally invasive surgical treatments is growing.

Because of the advantages that these procedures have over traditional treatment procedures, the demand for minimally invasive procedures has increased significantly. Fewer operative complications, shorter hospitalization, less pain, smaller and more cosmetic incisions, lower risk of infection, reduced postoperative care, and faster recovery are the primary benefits of minimally invasive procedures. Advanced technologies are used in minimally invasive procedures to diagnose and treat a variety of diseases, including cancer. These procedures are used to remove cancer tumors and lymph nodes without leaving any scars.

Bone Growth Stimulators Market Regional Analysis

The market for bone growth stimulators was dominated by North America. North America's large share can be attributed to the region's highly developed healthcare infrastructure and reimbursement system, as well as growing physician and patient awareness of newly introduced treatment procedures and technologies in the market. The rising prevalence of spinal disorders, an aging population, increased exposure to key risk factors (such as obesity, smoking, and diabetes), and rising patient preference for minimally invasive orthopedic therapies are all driving the growth of the North American bone growth stimulators market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Bone Growth Stimulators Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Bone Growth Stimulators Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Bone Growth Stimulators Market report scope?

Scope of the Report covers Bone Growth Stimulators Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Bone Growth Stimulators Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	Bone Growth Stimulators Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Orthofix Medical Inc. (NASDAQ: OFIX), Zimmer Biomet (NYSE: ZBH), Bioventus LLC (NASDAQ: BVS)
Forecast Period 2022 to 2027 CAGR	CAGR of 6% over the forecast period (2022-2027)
By Type	Bone Growth Stimulation Devices External Bone Growth Stimulators Implanted Bone Growth Stimulators Ultrasonic Bone Growth Stimulators Bone Morphogenetic Proteins Platelet-rich Plasma
By Application	Spinal Fusion Surgeries Delayed Union & Non-union Bone Fractures Oral and Maxillofacial Surgeries Other Applications
By Companies	Orthofix Medical Inc., DJO Finance LLC, Zimmer Biomet, Bioventus LLC, Medtronic plc, Stryker, DePuy Synthes, Arthrex Inc., Isto Biologics, Terumo Corporation, Ember Therapeutics, Inc., Ossatec Benelux Ltd., Altis Biologics (Pty) Ltd., Regen Lab SA , ITO Co., Ltd., Elizur Corporation, BTT Health GmbH, Stimulate Health Inc., VQ OrthoCare, Kinex Medical Company LLC, Fintek Bio-Electric Inc., Biomedical Tissue Technologies Pty Ltd. , T-Biotechnology, DrPRP America LLC, Ivy Sports Medicine, LLC, Glofinn Oy, and REMI GROUP
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	90
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Bone Growth Stimulators Report

• Evaluate Bone Growth Stimulators market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Bone Growth Stimulators market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Bone Growth Stimulators Market is studied from 2017 - 2027.

What is the growth rate of the Bone Growth Stimulators Market?

The Bone Growth Stimulators Market is growing at a CAGR of 6% over the next 5 years.

Who are the key players in Bone Growth Stimulators Market?

Orthofix Medical Inc., DJO Finance LLC, Zimmer Biomet, Bioventus LLC, Medtronic plc, Stryker, DePuy Synthes, Arthrex Inc., Isto Biologics, Terumo Corporation, Ember Therapeutics, Inc., Ossatec Benelux Ltd., Altis Biologics (Pty) Ltd., Regen Lab SA , ITO Co., Ltd., Elizur Corporation, BTT Health GmbH, Stimulate Health Inc., VQ OrthoCare, Kinex Medical Company LLC, Fintek Bio-Electric Inc., Biomedical Tissue Technologies Pty Ltd. , T-Biotechnology, DrPRP America LLC, Ivy Sports Medicine, LLC, Glofinn Oy, and REMI GROUP

What regions does this Bone Growth Stimulators Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Bone Growth Stimulators Market?

Bone Growth Stimulation Devices, External Bone Growth Stimulators, Implanted Bone Growth Stimulators, Ultrasonic Bone Growth Stimulators, Bone Morphogenetic Proteins, Platelet-rich Plasma

What are the major end-use applications of Bone Growth Stimulators Market?

Spinal Fusion Surgeries, Delayed Union & Non-union Bone Fractures, Oral and Maxillofacial Surgeries, Other Applications

 

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.