Geographically, bone growth stimulator market segmented into North America, Europe, Asia, & Rest of the World (RoW). Asia projected to be fastest-growing region in forecast period, owing to factors such as rising geriatric population, increasing incidence of various diseases, growing medical tourism industry, & improving healthcare infrastructure.
The global bone growth stimulator market estimated to reach USD 1.41 Billion by 2022, growing at a CAGR of 5.4% during forecast period. Growing patient preference for non-invasive and minimally invasive surgical treatments, increasing target patient population, & procedural benefits offered by bone stimulation devices in bone fracture treatments are some key factors propelling growth of this market.
Complete Report on Bone Growth Stimulator Market spread across 225 Pages, Profiling 11 Companies and Supported with 150 Tables and 61 Figures is now available at http://www.reportsnreports.com/reports/987028-bone-growth-stimulator-market-by-product-device-boner-morphogenetic-protein-prp-application-spinal-fusion-delay-union-non-union-bone-fracture-oral-maxillofacial-end-user-hospitals-home-care-academia-ts-to-2022.html .
In bone growth stimulator market report, growth has been segmented on basis of product, end user, application, and region. On basis of application, global bone growth stimulators market segmented into spinal fusion surgeries, delayed union & nonunion bone fractures, dental & maxillofacial surgeries, & other applications. In 2016, spinal fusion surgeries segment accounted for largest share of market.
- Bone growth stimulation products manufacturing companies
- Healthcare institutions (hospitals and outpatient clinics)
- Distributors and suppliers
- Research laboratories and academic institutions
- Government and regulatory authorities
- Non-government and other associations/organizations
- Market research and consulting firms
- Contract research organizations (CROS) and contract manufacturing organizations (CMOS)
Geographically, North America commanded largest share of bone growth stimulators market in 2016, followed by Europe. The growing elderly population, increasing incidence of arthritis and sports-related injuries, adoption of novel treatment options, and rising demand for minimally invasive spinal surgeries are some of major factors driving demand for bone growth stimulators in North America.
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North America held largest share of Bone Growth Stimulator market. However, developing Asia-Pacific countries including China and India are expected to emerge as new revenue-generating regions for prominent market players during 2017-2022. Growth of this Asia-Pacific market is attributed to presence of large geriatric population and expansion of market players in the region through capability enhancements as well as through strategic agreements and collaborations.
1 Bone Growth Stimulators: Market Snapshot (2017–2022)
2 Geographic Analysis: Bone Growth Stimulator Market, By Type (2017)
3 Global Bone Growth Stimulator Market, By Application, 2017 vs 2022
4 Global Market Size, By End User, 2017 vs 2022 (USD Million)
5 Market: Geographic Growth Opportunities
Orthofix International N.V. (U.S.), Medtronic plc (Ireland), and Zimmer Biomet Holdings, Inc. (U.S.) are some of the key players in the bone growth stimulator market. Over the past three years, these players have adopted product launches & enhancements, strategic acquisitions, and market expansions as their core business strategies to ensure dominance in this market. DJO Finance LLC (U.S.), Bioventus LLC (U.S.), Stryker Corporation (U.S.), DePuy Synthes (U.S.), Arthrex, Inc. (U.S.), Isto Biologics (U.S.), and Harvest Technologies Corporation (U.S.) were few other key players operating in the market.
Connect for More Details for Details and More Information “Bone Growth Stimulator Market by Product (Device, Boner Morphogenetic Protein, PRP), Application (Spinal Fusion, Delay Union & Non-union Bone Fracture, Oral-maxillofacial), End User (Hospitals, Home Care, Academia, CROs) – Global Forecasts to 2022” report @ http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=987028 .
The bone growth stimulators market based on product, application, and end user.The report also studies, factors (such as drivers, restraints, opportunities, and challenges) which affect market growth in a positive & negative manner. It analyzes opportunities and challenges in market for stakeholders & provides details of competitive landscape for market leaders. Furthermore, report analyzes micro markets with respect to their individual growth trends, prospects, and contributions to bone growth stimulators market.
In 2016, the global bone growth stimulator market was dominated by North America, mainly due to the growing elderly population, significant presence of market players, and increasing incidence of arthritis and sports injuries.