Bone Growth Stimulator Market Research reports cover detailed competitive outlook including the market share and company profiles of the key participants operating in the Global market. The market report provides an in-depth overview of Product Specification, technology, product type and production Analysis considering major factors such as Revenue, Cost, Gross Margin.
During this research study, major players operating in the bone growth stimulator market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size.
Bone growth stimulation devices offer a cost-effective and safer alternative mode to treat orthopedic diseases as compared to traditional surgical therapies for nonunion bone fractures. These devices have been reported to shorten the patient’s hospital stay as well as lessen the risks of complications and infections.
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The global Bone Growth Stimulator market is expected to reach USD 1.41 billion, at a CAGR of 5.4%
Major Driving Factors For Bone Growth Stimulator Market:
- Growing patient preference for noninvasive and minimally invasive surgical treatments
- Increasing Target Patient Population
- Procedural Benefits Offered By Bone Stimulation Devices in Bone Fracture Treatment
Bone growth stimulators include the medical devices (external and internal bone growth stimulators) and biologics (PRP and BMP); that are used during or post or after orthopedic treatments related to bone regeneration (including spine fusion surgery, bone fractures, and bone grafts, among others) in order to enhance the bone healing process.
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Bone Growth Stimulator Market, by Product
- Bone Growth Stimulation Devices
- External Bone Growth Stimulators
- Combined Magnetic Field (CMF) Devices
- Capacitive Coupling (CC) Devices
- Platelet-rich Plasma (PRP)... More
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Bone Growth Stimulators Market, by Application
- Spinal Fusion Surgeries
- Delayed Union & Nonunion Bone Fractures
- Oral and Maxillofacial Surgeries
- Other Applications
Orthofix International N.V. (U.S.), Medtronic plc (Ireland), and Zimmer Biomet Holdings, Inc. (U.S.) are some of the key players in the bone growth stimulators market.
On the basis of region, this bone growth stimulators market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. the global bone growth stimulators market was dominated by North America mainly due to the growing elderly population, increasing the incidence of arthritis and sports injuries, adoption of novel treatment options, and rising demand for minimally invasive spinal surgeries.