Bone Growth Stimulators Market is expected to reach $1.42 Billion in 2023 | Major Key Players are DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.

Bone Growth Stimulators Market Overview:

Bone growth stimulators are used to compensate for the delay or failure of fracture healing since they fasten the bone-healing process without passing any electrical shocks when worn. An internal bone growth stimulator is kept on the fusion site of the bone for about 6 to 12 months and it releases small electrical currents. External bone growth stimulator is worn externally and does not needs any surgical implantation.

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Financial feasibility for example development in the service sector, the growth of disposable income and spending on healthcare sector are estimated to drive the bone growth stimulators market growth globally. But, many factors like the availability of other options, doubtfulness of efficacy, equipment-related problems and competition from bone grafting act as restraints for the growth of bone growth stimulators market.

Bone Growth Stimulators Market Forecast Report (2018-2023):

Global Bone Growth Stimulators Market was worth USD 1.13 billion in 2018 and estimated to be growing at a CAGR of 5.3%, to reach USD 1.42 billion by 2023.

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Bone Growth Stimulators Market Segmentation:

The Global Bone Growth Stimulators market is broadly categorized based on Product into Bone Growth Stimulation Devices, Bone Morphogenetic Proteins and Platelet-rich Plasma. The bone growth stimulation device is further segmented into External Bone Growth Stimulators, Implanted Bone Growth Stimulators and Ultrasonic Bone Growth Stimulators. Based on Application, the market is segmented into Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral and Maxillofacial Surgeries and Other Applications. Based on End User, the market is classified into Hospitals and Clinics, Home Care, Academic & Research Institutes and CROs.

Based on region, the global market is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. As of 2018, the global bone growth stimulators market was led by North America owing to the growing geriatric population, rising instances of arthritis and sports injuries and increasing demand for less invasive spinal surgeries. However, the Asia-Pacific market is estimated to grow at the highest CAGR during the forecast period because of a huge patient pool for the diseases, growing awareness about treatment options and government support

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Major Players:

The major players dominating the Bone Growth Stimulators market are DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.

The scope of the report:

1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the untapped regions.
2. Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

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