IMARC Group, a leading market research company, has recently releases report titled “Bone Growth Stimulator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global bone growth stimulator market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Bone Growth Stimulator
Bone growth stimulator, also known as osteogenesis stimulator, is a medical device or treatment that relies on various mechanisms to enhance the natural bone healing process. It works by promoting osteogenesis, which is the formation of new bone tissues in the body. It uses low-level electrical currents to stimulate bone healing and can be either implanted surgically or applied externally through electrodes. It significantly improves the chances of successful bone healing in cases of non-union or delayed union fractures. It also plays a crucial part in ensuring successful outcomes after orthopedic surgeries, such as spinal fusion.
How Big Is the Bone Growth Stimulator Market?
The global bone growth stimulator market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.03% during 2024-2032.
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What are the growth prospects and trends in the bone growth stimulator industry?
At present, the increasing demand for bone growth stimulators for managing bone density in individuals with weakened bones represents one of the crucial factors impelling the growth of the market. Besides this, the rising occurrence of arthritis, osteoporosis, and joint pain among geriatric population is contributing to the growth of the market.
In addition, the growing demand for electromagnetic bone growth stimulators due to their proven efficacy in accelerating bone healing processes is offering a favorable market outlook.
Apart from this, the increasing utilization of portable and wearable bone growth stimulators, as they provide patients with the flexibility to carry on with their daily activities while undergoing treatment, is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Bone Growth Stimulation Devices
- Bone Morphogenetic Proteins
- Platelet-Rich Plasma
Breakup by Application:
- Spinal Fusion Surgeries
- Delayed Union and Nonunion Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
Breakup by End User:
- Hospitals and Clinics
- Home Care
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Arthrex Inc.
- DJO Global Inc.
- Elizur Corporation
- IGEA S.p.A.
- Isto Biologics
- Ito Co. Ltd.
- Medical Device Business Services Inc. (Johnson & Johnson)
- Medtronic Plc
- Orthofix Medical Inc.
- Ossatec Benelux B.V.
- Stryker Corporation
- Terumo Bct Inc. (Terumo Corporation)
- Zimmer Biomet
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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