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Global Bone Growth Stimulation Devices Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Bone Growth Stimulation Devices Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 4.74% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 965.06 Million
Diagram Market Size (Forecast Year) USD 1397.83 Million
Diagram CAGR 4.74%

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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

Market Players Covered

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)

Market Opportunities

  • Technological advancements
  • Customization and personalization

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The rising aging population & increasing incidence of bone fractures are the growth drivers of the bone growth stimulation devices market.
The growth rate of the bone growth stimulation devices market is 4.74% in the forecast period by 2030.
The bone growth stimulation devices market size will be worth USD 1,397.83 million by 2030.
Product, application, and end-user are the factors on which the bone growth stimulation devices market research is based.
Major companies in the 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.) and IGEA (Italy)
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