Bone Growth Stimulator Market Research Report – Forecast till 2027

Bone Growth Stimulator Market Trends, Size and Insights by Product (bone growth stimulation devices, Platelet-Rich Plasma, and others), by Application (Spinal Fusion Surgeries, and others) by End User (Hospitals & clinics and others) - Forecast Till 2027

ID: MRFR/MED/5497-HCR | February 2021 | Region: Global | 130 pages         

Bone Growth Stimulator Market

The market held a market value of USD 1,213 million and is projected to grow at a CAGR of 5.86% over the forecast period.

Segmentation

By Product Bone growth stimulation devices Platelet-Rich Plasma others
By Application Spinal Fusion Surgeries others
By End User Hospitals & clinics others

Key Players

  • Arthrex Inc.
  • Bioventus LLC
  • Depuy Synthes
  • DJO Finance LLC
  • Harvest Technologies
  • Isto Biologics
  • Medtronic PLC
  • Orthofix International N.V.
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc

Drivers

  • Increase in government funding for healthcare
  • Rising R&D expenditure
  • Growing number of medical device companies
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Bone Growth Stimulator Market Scenario:


Bone Growth Stimulator Market size is expected to grow significantly over the forecast period. The market held a market value of USD 1,213 million in 2017 and is projected to grow at a CAGR of 5.86% over the forecast period.


Bone Growth stimulators are devices that are used to boost the healing process during the treatment of the ailments such as spinal fixation, orthopedic fixation. Bone growth stimulators works on all kinds of fractures such as fresh fractures, fractures healing slowly or not at all, fractures with an elevated risk. It can also be used as supportive therapy after surgery on a fracture and in corrective osteotomy.


Bone Growth Stimulator enhances the healing process by stimulating the production of new cells, which will allow your fracture to heal considerably faster. Bone growth stimulators are the perfect treatment approach when patient is not comfortable with the surgical procedure and wants to avoid it. Also, as it fastens the healing process, it helps patients get back to their feet quickly. Bone growth stimulators have revolutionized the treatment of bone fractures and spinal fusions and are becoming an important tool in the healing process. Advantages over surgical procedures, faster recovery time, and increasing patient preference are some of the factors contribute to the growth of the bone growth stimulator market.


Segmentation:


The Global Bone Growth Stimulator Market has been segmented into Product, Application and End user.Based on products, the market has been segmented into, bone growth stimulation devices, bone morphogenetic proteins, platelet-rich plasma, and others. The bone growth stimulation devices segment is further segmented into, external bone growth stimulators, implanted bone growth stimulators, and ultrasonic bone growth stimulators among which external bone growth stimulators include pulsed electromagnetic field devices, capacitive coupling devices, and combined magnetic field devices. The Bone Growth Stimulation Devices segment is expected to account for the largest share in the global bone growth stimulator market in 2017. This large share is majorly attributed to the wider acceptance of the devices, and better patient compliance as compared to other techniques.


On the basis of application, the market has been segmented into spinal fusion surgeries, delayed union & non-union bone fractures, oral and maxillofacial surgeries, and other. The spinal fusion surgeries segment is expected to account for the largest share in the global bone growth stimulator market in 2017.On the basis of end users, the market has been segmented into hospitals & clinics, home care, academic and research institutes, and others. The hospitals & clinics segment is expected to account for the largest share in the global bone growth stimulator market in 2017. At the same time, the increasing establishments of the home care services in the developed and developing countries has led this segment to grow at the fastest rate during the forecast period.


Based on the regions, the market for bone growth stimulator is segmented in to, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Bone Growth Stimulator Market in the Americas region has further been segmented into North America and South America, where-in the North American market is further divided into the US and Canada. European Bone Growth Stimulator Market has been segmented into Western Europe and Eastern Europe where-in Western Europe region is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The Bone Growth Stimulator Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The bone growth stimulator market in the Middle East & Africa has been segmented into regions such as the Middle East and Africa.


Key players:


Arthrex, Inc., Bioventus LLC, Depuy Synthes (A Subsidiary of Johnson & Johnson), DJO Finance LLC, Harvest Technologies (A Terumo BCT Company), Isto Biologics, Medtronic PLC, Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc. are some of the key players in the global bone growth stimulator market.


Regional Market Summary:


Global bone growth stimulator market Share (%), by Region, 2017


Source: White Papers, Company Presentations, Annual Reports
Geographically, the Americas is anticipated to dominate the global bone growth stimulator market owing to the rising prevalence of the orthopaedic and spinal ailments such as bone fractures, and spinal damage among others. The development of the better therapeutic approaches and advanced treatment procedures have affected the growth of the American market in a positive way. Moreover, increasing rate of the spinal fusion procedures, growing patient population for the orthopaedic fixation procedures, high awareness among American population, high disposable income, are some of the many factors that drive the growth of the bone growth stimulator market in this region.


Europe is expected to hold the second largest market share in the global bone growth stimulator market. The market growth in this region is majorly attributed to the increasing government support for the device manufacturers. Geographical expansion of companies has led to the wider reach of the medical products and services which has brought a huge change in terms of the acceptance and implementation of the new products as well as procedures. Similarly, Asia-Pacific region has observed a rapid growth in the bone growth stimulator market owing to the development in the medical sector in developing countries like India and China. Moreover, increase in government funding for healthcare, rising R&D expenditure, and growing number of medical device companies in the region has led to its fastest growth during the forecast period. The Middle East and Africa region is anticipated to show minor growth opportunities in the bone growth stimulator market during the forecast period.


 Global Bone Growth Stimulator Market, by Product:



  • Bone Growth Stimulation Devices

    • External Bone Growth Stimulators

      • Pulsed Electromagnetic Field Devices

      • Capacitive Coupling Devices

      • Combined Magnetic Field Devices



    • Implanted Bone Growth Stimulators

    • Ultrasonic Bone Growth Stimulators



  • Bone Morphogenetic Proteins 

  • Platelet-Rich Plasma

  • Others


Global Bone Growth Stimulator Market, by Application:



  • Spinal Fusion Surgeries 

  • Delayed Union & Nonunion Bone Fractures 

  • Oral and Maxillofacial Surgeries 

  • Other


Global Bone Growth Stimulator Market, by End User:



  • Hospitals & Clinics 

  • Home Care 

  • Academic and Research Institutes

  • Others


Global Bone Growth Stimulator Market, by Region:



  • Americas

    • North America

      • US

      • Canada



    • South America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  •  Middle East & Africa

    • Middle East

    • Africa




Global bone growth stimulator market, by Key Players:



  • Arthrex, Inc.

  • Bioventus LLC

  • Depuy Synthes (A Subsidiary of Johnson & Johnson)

  • DJO Finance LLC

  • Harvest Technologies (A Terumo BCT Company)

  • Isto Biologics

  • Medtronic PLC

  • Orthofix International N.V.

  • Stryker Corporation

  • Zimmer Biomet Holdings, Inc.

  • Others


Intended Audience:



  • Bone Growth Stimulation Device Manufacturers and Distributors

  • Orthopedic Medical Devices Manufacturers and Distributors

  • Pharmaceutical and Medical Device Companies

  • Contract Research Organizations

  • Academic and Research Institutes

  • Government Associations



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2017-2023: 5.86%
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Application and End user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Arthrex, Inc., Bioventus LLC, Depuy Synthes (A Subsidiary of Johnson & Johnson), DJO Finance LLC, Harvest Technologies (A Terumo BCT Company), Isto Biologics, Medtronic PLC, Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc.
  Key Market Opportunities

  • Increase in government funding for healthcare
  • Rising R&D expenditure
  • Growing number of medical device companies
  •   Key Market Drivers   The hospital & clinic segment would drive the Bone Growth Stimulator Market ahead


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    Frequently Asked Questions (FAQ) :

    Bone Growth Stimulator Market had a valuation of USD 1213 million in 2017.

    Bone Growth Stimulator Market is projected to grow with 5.86% CAGR during the forecast period of 2018 to 2023.

    The hospital & clinic segment would drive the Bone Growth Stimulator Market ahead

    The spinal fusion surgeries segment would have the maximum Bone Growth Stimulator Market share.

    Infrastructural and investment advantages would give the Americas and edge in the global Bone Growth Stimulator Market.