Bone Growth Stimulator Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The bone growth stimulator market was valued at approximately USD 985 million in 2020 and is expected to a CAGR of 6.9% over the forecast period.
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A bone growth stimulator is a device that stimulates the natural healing of bones by sending low‑level pulses of electromagnetic energy to the injury or fusion site. A bone growth stimulator is beneficial after a multi-level fusion procedure or for patients who have certain comorbidities, such as smoking addiction or diabetes.
Regional Analysis
North America holds the largest share of the bone growth stimulator market. This is majorly attributed to the increasing geriatric population and the growing burden of orthopaedic diseases in the region.
Recent Developments
In February 2020, Orthofix Medical Inc. received US FDA approval for its STIM on Track, mobile app version 2.1 to advance the treatment with its bone growth stimulators such as CervicalStim, SpinalStim, and PhysioStim.
In January 2020, Medtronic acquired Stimgenics to expand its portfolio in the Differential Target Multiplexed Spinal Cord Stimulation Therapy.
Key Players
· Medtronic plc
· Johnson and Johnson (Depuy Synthes)
· Bioventus LLC
· Orthofix International N.V.
· Zimmer Biomet
· Stryker Corporation and More
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Bone Growth Stimulator Market is segmented into product, application, end user and region.
On the basis of Product
· Bone Growth Stimulation Devices
· Bone Morphogenetic Proteins (BMP)
· Platelet-Rich Plasma (PRP)
On the basis of Application
· Spinal Fusion Surgeries
· Delayed Union & Non-union Bone Fractures
· Oral and Maxillofacial Surgeries
On the basis of End-User
· Hospitals and clinics
· Home care
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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