Global Bone Growth Stimulator Market To Worth USD 2.28 Billion by 2032 | CAGR of 5.8%

Global Bone Growth Stimulator Market To Worth USD 2.28 Billion by 2032

According to a research report published by Spherical Insights & Consulting, the Global Bone Growth Stimulator Market size is To Grow from USD 1.30 Billion in 2022 to USD 2.28 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Bone Growth Stimulator Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins, and Platelet-Rich Plasma), By Application (Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral & Maxillofacial Surgeries, and Others), By End-User (Hospitals & Ambulatory Surgical Centers, Home Care Settings, and Academic & Research Institutes), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/bone-growth-stimulator-market

A Bone Growth Stimulator is a medical device that promotes and accelerates the natural healing process of bone fractures and non-unions. Using low-intensity pulsed ultrasound (LIPUS) or pulsed electromagnetic fields (PEMF), it stimulates cellular activity and enhances blood flow to the affected area. This encourages the formation of new bone tissue, reducing healing time and increasing the chances of successful bone union. Bone Growth Stimulators are used when fractures are slow to heal or resist conventional treatments. The non-invasive and targeted therapy offers a promising solution for improved recovery and better patient outcomes.

In 2022, the bone growth stimulation devices segment accounted for around 35.4% market share

On the basis of the material type, the global bone growth stimulator market is segmented into bone growth stimulation devices, bone morphogenetic proteins, and platelet-rich plasma. The bone growth stimulation devices segment held the largest market share due to increasing aging population across the globe is more susceptible to bone fractures and related ailments, driving the demand for these devices. Advancements in medical technology have led to the development of more efficient and sophisticated bone growth stimulator devices, enhancing their effectiveness and acceptance. Moreover, the rising incidence of sports injuries and road accidents has further boosted the adoption of bone growth stimulators as an adjunct therapy for faster healing.

The spinal fusion surgeries segment held the largest market over the forecast period

Based on the application, the global bone growth stimulator market is segmented into spinal fusion surgeries, delayed union & nonunion bone fractures, oral & maxillofacial surgeries, and others. The spinal fusion surgeries segment held the largest market over the forecast period due to a growing prevalence of degenerative spine disorders, such as herniated discs and spinal stenosis, leading to an increased demand for spinal fusion procedures to alleviate pain and stabilize the spine. The advancements in surgical techniques and technologies have improved the success rates of spinal fusion surgeries, making them a preferred choice for treating various spinal conditions.

The hospitals & ambulatory surgical centers segment held the largest market

Based on the end-user, the global bone growth stimulator market is segmented into hospitals & ambulatory surgical centers, home care settings, and academic & research institutes. The hospitals & ambulatory surgical centers segment held the largest market share for several reasons, such as the hospitals are major healthcare facilities that handle a wide range of medical conditions, including orthopedic and spine-related issues, leading to a higher demand for bone growth stimulators. Additionally, ambulatory surgical centers offer outpatient surgical procedures, providing a convenient and cost-effective setting for patients who require bone growth stimulation treatments without an extended hospital stay.

Asia Pacific is predicted to grow at a higher CAGR of around 6.2% over the projected period

Asia Pacific's projected rapid growth in the bone growth stimulator market during the forecast period can be attributed to several factors. The region's large and aging population is prone to orthopedic conditions, increasing the demand for bone growth stimulators. Moreover, improving healthcare infrastructure and rising disposable incomes allow greater accessibility to advanced medical technologies. Additionally, a surge in sports-related injuries and road accidents necessitates effective treatments like bone growth stimulators. Furthermore, increasing awareness about these devices and supportive government initiatives for healthcare development further fuel the market growth in the Asia-Pacific region, making it the fastest-growing market during the forecast period

North America's dominance in the bone growth stimulator market can be attributed to several factors. The region has a substantial geriatric population, leading to a higher incidence of bone-related ailments, driving demand for these devices. Additionally, North America is at the forefront of medical research and technological advancements, leading to the development of cutting-edge bone growth stimulator devices.

Some of the major players in the global bone growth stimulator market include Orthofix Medical Inc., Enovis Corporation, ZimVie, Bioventus LLC, Medtronic PLC, Terumo Corporation, Ossatec Benelux BV, BTT Health GmbH, Stimulate Health, Isto Biologics, and Colfax Corporation.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global bone growth stimulator market based on the below-mentioned segments:

Bone Growth Stimulator Market, By Material Type

• Bone Growth Stimulation Devices
• Bone Morphogenetic Proteins
• Platelet-Rich Plasma

Bone Growth Stimulator Market, By Application

• Spinal Fusion Surgeries
• Delayed Union & Nonunion Bone Fractures
• Oral & Maxillofacial Surgeries
• Others

Bone Growth Stimulator Market, By End-User

• Hospitals & Ambulatory Surgical Centers
• Home Care Settings
• Academic & Research Institutes

Bone Growth Stimulator Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter

Global Bone Growth Stimulator Market Size Overview 2022 - 2032: Watch Video By YouTube