MarketStudyReport.com Adds New Bone Growth Stimulators Market 2019 – 2025 research report providing information and data By Product, By End-use, By Application, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.
— Bone Growth Stimulators Market will reach over USD 1.2 billion by 2025. Increasing number of trauma cases coupled with rise in bone-related disorders such as osteoporosis, arthritis etc. will positively impact the growth of bone growth stimulators market over the forthcoming years. According to the International Osteoporosis Foundation, every year more than 8 million fractures occur all over the world due to osteoporosis. The above mentioned factors will escalate the demand for bone growth stimulators in coming future.
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External bone growth stimulators market contributed for over 40% market share in 2018 and is estimated to show significant growth over the forecast period as these devices are effective and easy to use. External bone growth stimulators also offer a non-invasive solution to delayed union and non-union of bones. Zero risk of allergies associated with platelet-rich plasma will augment the segmental growth over the foreseeable future.
The bone growth stimulator market in India is expected to show significant growth of 9.2% over the forecast period. This growth is attributed to high rate of road accidents, rising geriatric population and increasing developments in healthcare technologies. Also, large volume of arthritis patients in India will augment the market growth.
Spinal fusion surgeries segment is projected to grow with a lucrative CAGR of 6.0%. Reasons for the growth include rising incidence of herniated disc and spinal stenosis along with increasing cases of spinal injuries and rising geriatric population. Delayed union and non-union bone fractures segment contributed for the largest share by application in 2018 due to rising cases of osteoporosis.
The bone growth stimulators market in the U.S. contributed for the largest share in the global bone growth stimulator market. It is expected to expand at a CAGR of 5.9% over the forecast period due to availability of skilled medical professionals, high adoption rate of advanced technology and rising prevalence of osteoporosis in the country. Factors such as high healthcare expenditure, growing geriatric population and presence of key market players will also augment the U.S. bone growth stimulators market.
Hospitals and ambulatory surgical centers are the major end-use segments of bone growth stimulators market. The hospitals segment contributed for more than 47% of the market by end-use in 2018 and is anticipated to show promising growth over the coming years owing to higher budget capacity, high number of skilled medical professionals and ability of catering to higher volume of patients at this setting.
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Some of the key industry players operating in global bone growth stimulators market are Medtronic, Stryker, DePuy Synthes Companies, Arthrex, Inc., Bioventus LLC, TERUMO, Orthofix International N.V, Zimmer Biomet Holdings Inc., Synergy Orthopedics. The above mentioned companies account for high market share due to better brand recognition and strong financial position.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Bone Growth Stimulators Industry Insights
Chapter 4. Bone Growth Stimulators Market, By Product
Chapter 5 Bone Growth Stimulators Market, By Application
Chapter 6. Bone Growth Stimulators Market, By End-use
Chapter 7. Bone Growth Stimulators Market, By Region
Chapter 8. Company Profiles
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Global Electronic Bone Growth Stimulators (BGS) Market Insights, Forecast to 2025
Bone Growth Stimulator (BGS) is an electrical device used in the medical industry for the healing process of a fracture. BGS enhances this process by stimulating the production of new cells by applying the proper amount of electrical energy to the bone, allowing the fracture to heal considerably faster. Stimulators are commonly used for hard-to-treat fractures, non-unions, and poorly healing stress fractures of the scaphoid, distal tibia, femur, humerus, and fifth metatarsal shaft. The bone growth stimulating results in an enhanced osteogenic environment with calcification and mineralization of the fibrocartilage, repairs the fracture site and increases vascularity.
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