Global Bone Growth Stimulation Devices Market, By Product (External Bone Growth Stimulators, Implanted Bone Growth Stimulators, Ultrasonic Bone Growth Stimulators), Application (Spinal Fusion Surgeries, Delayed Union and Non-union Bone Fractures, Oral and Maxillofacial Surgeries, Other Applications), End User (Hospitals and Clinics, Home Care, Academic and Research Institutes and CROS) - Industry Trends and Forecast to 2030.
Bone Growth Stimulation Devices Market Analysis and Size
The medical devices that improve the fracture healing process in cases of delay or failure are bone growth stimulator devices. By providing electric shocks to patients, they increase the normal pace of healing. Bone growth stimulation products, bone morphogenetic proteins, and platelet-rich plasma are some of the bone growth stimulators available on the market. Including pulsed electromagnetic field devices, capacitive coupling devices, and hybrid magnetic field devices, there are three types of bone growth stimulation devices.
Data Bridge Market Research analyses that the global bone growth stimulation devices market which was USD 965.06 million in 2022, would reach up to USD 1,397.83 million by 2030, and is expected to undergo a CAGR of 4.74% during the forecast period 2023-2030. “Hospitals and Clinics” dominates the end user segment of the global bone growth stimulation devices market owing to the availability of qualified professionals. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Bone Growth Stimulation Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (External Bone Growth Stimulators, Implanted Bone Growth Stimulators, Ultrasonic Bone Growth Stimulators), Application (Spinal Fusion Surgeries, Delayed Union and Non-union Bone Fractures, Oral and Maxillofacial Surgeries, Other Applications), End User (Hospitals and Clinics, Home Care, Academic and Research Institutes and CROS)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Zimmer Biomet (U.S.), Bioventus (U.S.), Synergy Orthopedics (U.S.), Ito Co., Ltd. (Japan), DePuy Synthes (U.S.), DJO, LLC (U.S.), Ossatec Benelux BV (Netherlands), Orchid Medical, Inc. (U.S.), TERUMO BCT, INC. (U.S.), Arteriocyte Medical Systems, Inc. (U.S.), Arthrex, Inc. (U.S.), Smith & Nephew (U.K.), Stryker (U.S.), Medtronic (U.S.), Orthofix Medical Inc. (U.S.), Regen Lab SA (Switzerland), elizur Corporation (U.S.), BTT Health GmbH (Germany), Verve Consulting Inc. (U.S.) and IGEA (Italy)
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Market Opportunities
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Market Definition
Bone growth stimulation devices are medical devices designed to enhance and accelerate the natural healing process of bones. They work by delivering low-level electrical or ultrasound signals to the site of a bone injury or fracture. These signals stimulate the cells responsible for bone regeneration, promoting the formation of new bone tissue. Bone growth stimulation devices are commonly used in orthopedic medicine to treat fractures that are slow to heal or conditions like non-unions and spinal fusion surgery. They can be applied externally or implanted internally, and they provide a non-invasive way to improve bone healing and reduce the need for additional surgical interventions.
Global Bone Growth Stimulation Devices Market Dynamics
Drivers
- Rising Aging Population
As the global population continues to age, there is an increased prevalence of age-related bone conditions, fractures, and degenerative diseases like osteoporosis. This demographic trend boosts the demand for bone growth stimulation devices.
- Increasing Incidence of Bone Fractures
Trauma-related injuries, accidents, and sports-related injuries contribute to a high incidence of bone fractures. Bone growth stimulation devices are often used to aid the healing process in these cases. This rising incidence of bone fractures and injuries act as a major driver for the growth of the global bone growth stimulation devices market.
Opportunities
- Technological Advancements
As the global bone growth stimulation devices market grows, there will be increased investment in research and development. This can lead to the development of more advanced and effective devices, including those that are more patient-friendly, portable, and integrated with digital health technologies.
- Customization and Personalization
There may be opportunities for customization and personalization of bone growth stimulation devices based on patient's specific needs. Tailored treatments and devices could lead to better patient outcomes.
Restraint/Challenge
- Cost of Devices
Bone growth stimulation devices can be expensive, which can be a barrier to adoption for some patients and healthcare facilities. High costs can create a financial barrier for some patients, particularly those without comprehensive health insurance or those with high out-of-pocket expenses. This may lead to patients opting for alternative, potentially less effective treatments due to cost considerations.
This global bone growth stimulation devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global bone growth stimulation devices market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global bone growth stimulation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global bone growth stimulation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global bone growth stimulation devices market. The data is available for historic period 2015-2020.
Global Bone Growth Stimulation Devices Market Scope
The global bone growth stimulation devices market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- External Bone Growth Stimulators
- Implanted Bone Growth Stimulators
- Ultrasonic Bone Growth Stimulators
Application
- Spinal Fusion Surgeries
- Delayed Union and Non-union Bone Fractures
- Oral and Maxillofacial Surgeries
- Other Applications
End User
- Hospitals and Clinics
- Home Care
- Academic and Research Institutes
- CROS
Global Bone Growth Stimulation Devices Market Regional Analysis/Insights
The global bone growth stimulation devices market is analyzed and market size insights and trends are provided by product, application and end user as referenced above.
The countries covered in the global bone growth stimulation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global bone growth stimulation devices market due to the high prevalence of osteoporosis or vertebral fractures
Asia-Pacific is expected to grow at the highest growth rate in the forecast period 2023-2030 due to the growing number of road accidents and trauma case along with large number of road accidents in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global bone growth stimulation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global bone growth stimulation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global bone growth stimulation devices market. The data is available for historic period 2015-2020.
Competitive Landscape and Bone Growth Stimulation Devices Market Share Analysis
The global bone growth stimulation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global bone growth stimulation devices market.
Some of the major players operating in the global bone growth stimulation devices market are:
- Zimmer Biomet (U.S.)
- Bioventus (U.S.)
- Synergy Orthopedics (U.S.)
- Ito Co., Ltd. (Japan)
- DePuy Synthes (U.S.)
- DJO, LLC (U.S.)
- Ossatec Benelux BV (Netherlands)
- Orchid Medical, Inc. (U.S.)
- TERUMO BCT, INC. (U.S.)
- Arteriocyte Medical Systems, Inc. (U.S.)
- Arthrex, Inc. (U.S.)
- Smith & Nephew (U.K.)
- Stryker (U.S.)
- Medtronic (U.S.)
- Orthofix Medical Inc. (U.S.)
- Regen Lab SA (Switzerland)
- elizur Corporation (U.S.)
- BTT Health GmbH (Germany)
- Verve Consulting Inc. (U.S.)
- IGEA (Italy)
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