Bone Growth Stimulator Market is expected to reach US$ 1.45 Bn by 2026 at a CAGR of 6.5 % during the forecast period. Bone growth stimulation may involve the use of invasive, semi-invasive or non-invasive techniques. Bone growth stimulation is a type of therapy which is often used to aid in the healing process after a fracture or spinal fusion surgery. BGS or bone growth stimulation can help in promoting quicker healing in fractures which make take a longer duration to heal by the natural healing process. Bone growth stimulator also known as osteogenesis stimulators devices provide pain-free ultrasound or electrical stimulation and is generally recommended by orthopedists to help in faster bone healing.
The growing patient preference for non-invasive and minimally invasive surgical treatments, increasing the target patient population, and procedural benefits offered by bone stimulation devices in bone fracture treatments would create commercial market opportunities. Furthermore, complications associated with the use of bone morphogenetic proteins (BMP) and unfavorable reimbursement scenario related to bone growth stimulators may hamper the growth of the market.
Key Players: Bone Growth Stimulator Market
- Orthofix International N.V.
- Medtronic plc
- Zimmer Biomet Holdings, Inc.
- DJO Finance LLC
- Bioventus LLC
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Bone Growth Stimulator market is segmented by product, application, end user and region. Among products, bone morphogenetic proteins (BMP) and platelet-rich plasma (PRP) systems segment are expected to be the fastest-growing segment owing to faster healing resulting in quick recovery.
Among applications, spinal fusion surgeries and oral and maxillofacial surgeries segments are considered an attractive market segment and is expected to hold a significant share of the market in the coming years. Growth can be attributed to factors such as rising adoption of technology advancement.
Bone Growth Stimulator Market, by End User
- Hospitals and Clinics
- Home Care
- Academic & Research Institutes and CROs
Bone Growth Stimulator Market, by Application
- Spinal Fusion Surgeries
- Delayed Union & Nonunion Bone Fractures
- Oral and Maxillofacial Surgeries
- Other Applications
Bone Growth Stimulator Market, By Region
- North America
- Latin America
Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to improved reimbursement policies and an upsurge in the investments in healthcare-service sector. The APAC region is expected to grow at the highest CAGR during the forecast period due to the increasing elderly population in the region. The high percentage of the elderly population in developing countries such as China and Japan are increasing the incidences of bone fractures & spinal fusion surgical procedures in the Asia Pacific region.
In the Bone Growth Stimulator market, Orthofix International N.V. holds the leadership position due to production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. In 2018, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.
Some TOC Points Covered in This Bone Growth Stimulator Market Report are:
Section 1: Preface
Section 2: Assumptions and Research Methodology
Section 3: Executive Summary
Section 4: Market Overview
Section 5: Supply Side and Demand Side Indicators
Section 6: Market Analysis and Forecast
Section 7: Company Profiles
Section 8: Primary Key Insights
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