Press release
Bone Growth Stimulators Market By Top Key Players, Growth Revenue, Share, Future Forecast -2029
Market Overview:The Bone Growth Stimulator Market was estimated at USD 1.04 Billion in 2021 and is projected to reach USD 1.39 Billion by 2028, growing at a CAGR of 4.2% over the analysis period.
Bones are connected with muscles and joints to hold the body together and support freedom of movement. This unison is called the musculoskeletal system. The skeleton protects vital internal organs such as the brain, heart, and lungs as well as support and shapes the body. Bone growth stimulators use electrical currents, magnetic fields, or ultrasound to promote bone healing and are used in the treatment of a variety of bone-related conditions, including delayed union and non-union fractures, fresh fractures, and failed spinal fusions. They are also used in dental and maxillofacial surgeries. Overall, the bone growth stimulator market is expected to continue to grow in the coming years due to the increasing prevalence of orthopedic disorders, the demand for minimally invasive treatments, and advancements in technology.
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Market Dynamics:
Driver:
Minimally invasive treatments are becoming more popular due to their advantages such as fewer operating complications, shorter hospitalization, less pain, smaller and more cosmetic incisions, lower risk of infection, reduced postoperative care, and faster recovery. These treatments use advanced technology to detect and treat a variety of disorders, including cancer. The growing popularity of minimally invasive surgical procedures is promoting the expansion of the bone growth stimulator market. Overall, the bone growth stimulator market is expected to continue to grow in the forecasted period due to the increasing prevalence of orthopedic disorders and the demand for minimally invasive treatments.
Opportunities:
Growing awareness of the latest treatment options for spinal fusion and bone healing among physicians, surgeons, and patients is likely to drive demand for bone growth stimulation products in these regions. Furthermore, many patients from developed countries are reported to travel to these emerging markets for medical care because of the huge cost savings. This market has a large scope as governments are heavily investing in the development of healthcare infrastructure. Hence, various such opportunities help the market to grow.
Key Chapter Will Be Provided In The Report
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis
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Segmentation Analysis of Bone Growth Stimulator Market:
By Product, the device segment is expected to lead the bone growth stimulator market over the analysis period. This segment is projected to grow at a CAGR of 4.3% and generate revenue of USD 739 million by the end of the analysis period. These devices can be implanted as well placed on the outer side of the damaged region.
By Application, the spinal fusion segment is predicted to dominate the bone growth stimulator market. The rise in the number of spine disorders and the effectiveness of bone growth stimulators on the cervical and lumbar spine has shown significant beneficial fusion results. Spinal fusion surgeries are performed to connect two or more vertebrae permanently thus eliminating the motion between them.
By End-Users, the hospitals & ASCs segment is predicted to have the lion's share of the bone growth stimulator market. Hospitals employ bone growth stimulation products for a variety of procedures, including spine surgery, oral and maxillofacial surgery, dental practices, and bone fractures. In 2021, hospitals and ASCs held the largest proportion of the bone growth stimulators market.
By Product
•Device
•Bone Morphogenetic Protein
•Platelet-Rich Plasma
•Others
By Application
•Spinal Fusion Surgeries
•Oral & Maxillofacial Surgeries
•Union & Non-Union Bone Fractures
•Others
By End Users
•Hospitals & ASC's
•Home Care
•Research Institutes
•Others
Regional Analysis of Bone Growth Stimulator Market:
The North American region is anticipated to have the highest share of the bone growth stimulator market during the forecast period. The market in the USA was estimated at USD 527.7 million in 2021. The development in this region is highly attributed to the presence of prominent players in this region. The high competitiveness in this region has resulted in the development of new devices utilized in bone growth stimulators. For instance, Orthofix International's portfolio for bone growth stimulators comprises of CervicalStim and SpinalStim. The CervicalStim device is the only FDA-approved bone stimulator in the market utilized for cervical fusion. Similar product launches and the growing prevalence of orthopedic disorders in this region have boosted the growth of the bone growth stimulator market in this region.
•North America
o US
o Canada
o Mexico
•Eastern Europe
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe
•Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe
•Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New Zealand
o Rest of APAC
•Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa
• South America
o Brazil
o Argentina
o Rest of SA
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Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product
3.2 By Application
3.3 By End Users
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Bone Growth Stimulator Market by Product
5.1 Bone Growth Stimulator Market Overview Snapshot and Growth Engine
5.2 Bone Growth Stimulator Market Overview
5.3 Device
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Device: Grographic Segmentation
5.4 Bone Morphogenetic Protein
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Bone Morphogenetic Protein: Grographic Segmentation
5.5 Platelet-Rich Plasma
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Platelet-Rich Plasma: Grographic Segmentation
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Grographic Segmentation
Chapter 6: Bone Growth Stimulator Market by Application
6.1 Bone Growth Stimulator Market Overview Snapshot and Growth Engine
6.2 Bone Growth Stimulator Market Overview
6.3 Spinal Fusion Surgeries
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Spinal Fusion Surgeries: Grographic Segmentation
6.4 Oral & Maxillofacial Surgeries
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Oral & Maxillofacial Surgeries: Grographic Segmentation
6.5 Union & Non-Union Bone Fractures
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Union & Non-Union Bone Fractures: Grographic Segmentation
6.6 Other
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Other: Grographic Segmentation
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Chapter 7: Bone Growth Stimulator Market by End Users
7.1 Bone Growth Stimulator Market Overview Snapshot and Growth Engine
7.2 Bone Growth Stimulator Market Overview
7.3 Hospitals & ASC's
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Hospitals & ASC's: Grographic Segmentation
7.4 Home Care
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Home Care: Grographic Segmentation
7.5 Research Institutes
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Research Institutes: Grographic Segmentation
7.6 Others
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Others: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Bone Growth Stimulator Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Bone Growth Stimulator Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Bone Growth Stimulator Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 ARTHREX INC.
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 TERUMO CORPORATION
8.4 BIOVENTUS INC.
8.5 MEDTRONIC PLC.
8.6 ORTHOFIX INTERNATIONAL N.V
8.7 DEPUY SYNTHES COMPANIES
8.8 SYNERGY ORTHOPEDICS
8.9 ELIZUR CORPORATION
8.10 OSSATEC BENELUX B.V.
8.11 DJO LLC
8.12 STRYKER CORPORATION
8.13 ZIMMER BIOMET HOLDINGS INC.
8.14 OTHER MAJOR PLAYERS
Chapter 9: Global Bone Growth Stimulator Market Analysis, Insights and Forecast, 2016-2028
To Be Continued…
Players Covered in Bone Growth Stimulator Market are:
•Arthrex Inc. (US)
•Terumo Corporation (Japan)
•Bioventus Inc. (US)
•Medtronic plc (Ireland)
•Orthofix International N.V (US)
•DePuy Synthes Companies (US)
•Synergy Orthopedics (US)
•Elizur Corporation (US)
•Ossatec Benelux B.V. (Netherlands)
•DJO LLC (US)
•Stryker Corporation (US)
•Zimmer Biomet Holdings Inc. (US) and other major players.
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Recent Industry Developments In Bone Growth Stimulator Market
In January 2022, Medtronic plc announced the results from an on-label, prospective, multi-center study showing positive effects of DTM™ SCS endurance therapy on chronic overall, back or leg pain. The study showed that 69% of the patients shifted to a less disabled category as measured by the Oswestry Disability Index, and 75% of patients were very satisfied with the therapy.
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