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 Nonunion Bone Fractures, Oral and Maxillofacial Surgeries, Other Applications), End User (Hospitals and Clinics, Home Care, Academic and Research Institutes and CROS), Country (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) Industry Trends and Forecast to 2028
Bone growth stimulation devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 1,291.5 million by 2028 growing at a CAGR of 4.74% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of bone growth stimulation devices which will create lucrative opportunities for the growth of the market.
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.
Surging volume of patients suffering from osteoarthritis and degenerative bone diseases, increasing preference for non-invasive and minimally invasive surgical treatments, increasing target patient population, rising number of benefits offered by devices in bone fracture treatment, development of biocompatible synthetic bone grafts, growing orthopaedic conditions and surgical cases are some of the major as well as vital factors which will likely to augment the growth of the bone growth stimulation devices market in the projected timeframe of 2021-2028. On the other hand, increasing number of applications from emerging economies along with growing number of technological advancement and development in the field of healthcare which will further contribute by generating massive opportunities that will lead to the growth of the bone growth stimulation devices market in the above mentioned projected timeframe.
High cost of treatment along with lack of reimbursement policies in developing economies which will likely to act as market restraints factor for the growth of the bone growth stimulation devices in the above mentioned projected timeframe. Side effects associated with bmp-based orthopaedic treatment along with stringent approval process which will become the biggest and foremost challenge for the growth of the market.
This 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 localised 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 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.
Global Bone Growth Stimulation Devices Market Scope and Market Size
Bone growth stimulation devices market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the bone growth stimulation devices market is segmented into external bone growth stimulators, implanted bone growth stimulators, and ultrasonic bone growth stimulators. External bone growth stimulators have been further segmented into pulsed electromagnetic field devices, capacitive coupling devices, and combined magnetic field devices.
- Bone growth stimulation devices market has also been segmented based on the end user into hospitals and clinics, home care, academic and research institutes and CROS.
- Based on application, the bone growth stimulation devices market is segmented into spinal fusion surgeries, delayed union and non-union bone fractures, oral and maxillofacial surgeries, and other applications.
Bone Growth Stimulation Devices Market Country Level Analysis
Bone growth stimulation devices market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.
The countries covered in the 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 bone growth stimulation devices market due to the high prevalence of osteoporosis or vertebral fractures, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 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 bone growth stimulation devices market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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
Bone growth stimulation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for bone growth stimulation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bone growth stimulation devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Bone Growth Stimulation Devices Market Share Analysis
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 bone growth stimulation devices market.
The major players covered in the bone growth stimulation devices market report are Zimmer Biomet; Bioventus.; Synergy Orthopedics; Ito Co., Ltd.; DePuy Synthes; DJO, LLC; Ossatec Benelux BV; Orchid Medical, Inc.; TERUMO BCT, INC.; Arteriocyte Medical Systems, Inc.; Arthrex, Inc.; Smith & Nephew; Stryker; Medtronic; Orthofix Medical Inc.; Regen Lab SA; elizur Corporation.; BTT Health GmbH; Verve Consulting Inc.; IGEA; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Bone Growth Stimulation Devices Market
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 customised 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 analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.