Get Business Insights on the Bone Growth Stimulators Market To 2032

 Various alternative therapies and treatments for fractures, which include synthetic bone grafts, amputation, and allografts, as well as non-invasive therapies, such as electrical bone growth stimulation and low-intensity ultrasound stimulations, have been introduced, which are responsible for driving the global bone growth stimulators market. According to the latest research by FMI, the global bone growth stimulators market is expected to account for US$ 1,387.7 Mn by the end of 2029. The bone growth stimulators market is estimated to grow at a CAGR of 5.2% through the forecast period 2019-2029. However, factors such as the high prices of devices and product recalls are expected to hamper the growth of the bone growth stimulators market.

Osteoporosis and osteoarthritis are among the common disabling joint disorders that are affecting millions of elderly people across the world. Some of the most common sites of osteoporotic fractures are the spine, wrists, hips, and shoulders. Thus, the increasing population suffering from orthopedic disease is creating high demand for bone growth stimulators. The cause of delayed bone healing and fractures is not known, however, it is creating a large economic impact on the market of bone growth stimulators.

Key Players

  • Bioventus LLC,
  • Zimmer Biomet Holdings Inc.,
  • Orthofix Holdings, Inc.,
  • DJO Global,
  • IGEA, and Ossatec Benelux Ltd.

Over the past decades, spending on healthcare has grown globally. The growth of the emerging markets and increasing geriatric population in developed economies are among factors expected to boost healthcare spending, which is expected to subsequently expand the bone growth stimulators market. Increasing healthcare spending is expected to boost the demand for bone growth stimulators, which is, in turn, predicted to create high growth opportunities for players in the bone growth stimulators market over the forecast period.

Furthermore, the increasing number of fractures and technological advancements have increased non-invasive, and rapid technologies in the healthcare industry, which is boosting the bone growth stimulators market. Moreover, manufacturers are undertaking various efforts to provide bone growth stimulators that are more versatile and more convenient for patient use. According to the World Bank, around 1.25 million people get injured in road accidents, which leads to fractures and the requirement of fusion surgeries for their treatment every year. These are some of the prime factors that are expected to drive the global Bone growth stimulators market over the forecast period 2019-2029.

BONE GROWTH STIMULATORS MARKET STRUCTURE ANALYSIS

  • The global Bone growth stimulators market represents a consolidated competition landscape, wherein tier 1 companies of the Bone growth stimulators market hold a revenue share of approximately 80%
  • Some Bone growth stimulators companies include Bioventus LLC, Zimmer Biomet Holdings Inc., Orthofix Holdings, Inc., DJO Global, IGEA, and Ossatec Benelux Ltd.

The North America bone growth stimulators market and Europe bone growth stimulators market combined are expected to hold a share of approximately 65% of the global bone growth stimulators market during the forecast period. This can be mainly attributed to the high adoption of advanced technology and reduced hospital visits.

Based on the product type, the global bone growth stimulators market has been segmented broadly into non-invasive bone growth stimulators and invasive bone growth stimulators. Non-invasive bone growth stimulators are also segmented into various other sub-segments such as Capacitive Coupling (CC) devices, Pulsed Electromagnetic Field (PEMF) devices, Combined Magnetic Field (CMF) devices, and ultrasound bone growth stimulators. The non-invasive bone growth stimulators segment is expected to hold a prominent share of the global bone growth stimulators market.

Based on applications, the bone growth stimulators market has been segmented into trauma injury & fractures, spinal fusion surgeries, and osteogenesis. In terms of revenue, the trauma injury and fractures segment dominated the global bone growth stimulators market in 2018. Based on the end user, the bone growth stimulators market is segmented into hospitals, homecare settings, orthopaedic clinics, and ambulatory surgical centres. The hospitals segment held the maximum share of the bone growth stimulators market in 2018, and is predicted to continue to dominate the market throughout the forecast period.

Key Segment

By Product Type 

  • Non-Invasive Bone Growth Stimulators
  • Capacitive Coupling (CC) devices
  • Pulsed Electromagnetic Field (PEMF) devices
  • Combined Magnetic Field (CMF) devices
  • Ultrasound Bone Growth Stimulators
  • Invasive Bone Growth Stimulators

By Applications

  • Trauma Injury and Fractures
  • Spinal Fusion
  • Osteogenesis

By End User

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Homecare settings

By Region

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

For more Information @ https://www.futuremarketinsights.com/reports/bone-growth-stimulators-market 

Comments

Post a Comment

Popular posts from this blog

Urgent Care Market Analysis by Size, Share, Growth, Trends up to 2032

  Between 2022 and 2032, the   urgent care market demand   is anticipated to increase globally at a moderate CAGR of roughly 5.4%, resulting in sizable revenues by the end of the projection period (2032). Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Urgent Care Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.   The team of analysts at Future Market Insights are focussing on research and market study to produce different Urgent Care Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Urgent Care Market. Key Players The writer will create content on the general strategies o
Read more

Automotive Brake System & Components Market Revenue, Future And Business Analysis By Forecast 2032

 The global  automotive brake system & components market  is expected to showcase opulent growth over the forecast period from 2022 to 2032 by generating a stable CAGR of 4.7%. The global market is estimated to be valued at US$ 66,414.8 Mn in 2022 and is expected to reach a valuation of US$ 105,131.2 Mn by 2032. As per the historical analysis, from 2017 to 2021, the automotive brake system & components market registered a stagnant growth at 1.0% CAGR but over the years, the market exhibited phenomenal growth and the CAGR reached 4.7% in the forecast period (2022-2032). This year-on-year growth in 2022 is attributed to the surging number of government initiatives in various countries in order to attract the attention of car owners toward vehicle safety. Government bodies are either promoting awareness regarding safety issues or enforcing stringent legislation. Widespread acceptance of luxury  hybrid vehicles , along with enforcement of several safety regulations and surging util
Read more

Dental Burs Market | Growth Opportunities, Business Insights And Forecast To 2032

With an anticipated market value of over  US$ 139.2 Million as of 2022 , the demand for  dental burs market size   is expected to experience a significant CAGR growth value of about  7.8%  from 2022 to 2032, reaching an estimated market value of  US$ 295.6 Million in 2032.  Specialty clinics will account for a significant 40.1% of the end-user sector of the global market in 2021, according to forecasts from Future Market Insights. Over the last two decades, the frequency of dental disorders such as gum disease, dental crack, periodontal disease, and dental cavities has been on the rise. This is expected to boost the worldwide dental burs market. Dentin removal, cutting hard tissues, implantology, cavity preparation and other procedures need the use of dental burs, which are frequently made of stainless steel, tungsten carbide, and diamond grit. The most common and preventable dental condition is dental caries. This factor is associated with changing lifestyles as well as individual eat
Read more