According to the report, the global bone growth stimulators market was valued at US$ 1.3 Bn in 2018 and is projected to expand at a CAGR of ~5% from 2019 to 2027. Bone growth stimulation is a therapy used to aid bone healing process after a fracture or spinal fusion surgery. Rise in geriatric population globally, increase in prevalence of orthopedic diseases and rising inclination of patients toward minimally invasive and non-invasive surgical treatments are major factors anticipated to drive the global bone growth stimulators market during the forecast period.
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North America held major share of the global bone growth stimulators market in 2018, due to technological advancement and improved reimbursement policies. Furthermore, rise in number of regulatory approvals by the Food and Drug Administration (FDA) and increase in adoption of bone growth stimulators are various factors likely to drive the market during the forecast period. The bone growth stimulators market in Asia Pacific is expected to expand at a high CAGR of 5.7% from 2019 to 2027, due to increase in prevalence of orthopedic disorders, rise in demand for non-invasive bone growth therapies, and strengthening distribution channels of international market players. This, in turn, is likely to drive the demand for bone growth stimulators in emerging markets such as India and China.
Growth Strategies of Key Players
Key players operating in the global bone growth stimulators market include Zimmer Biomet, DJO Global, Medtronic plc, Terumo Corporation, Bioventus, Inc., Orthofix Medical Inc., IGEA, Ossatec Benelux BV, BTT Health GmbH, and Stimulate Health. These companies engage in mergers & acquisitions in order to expand product offerings and customer base. For instance, in February 2019, Colfax Corporation acquired DJO Global Inc. from investor group led by private equity funds managed by Blackstone for US$ 3.15 Bn. Colfax Corporation focuses on achieving significant growth in the orthopedic solutions market with this acquisition.
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Bone Growth Stimulators Market: Overview
- This report analyzes the current scenario of and future growth prospects for the global bone growth stimulators market
- Increase in prevalence of orthopedic diseases, high demand for platelet-rich plasma, and rise in adoption of bone growth stimulators for the treatment of bone fractures are key factors that are projected to drive the global bone growth stimulators market during the forecast period
- The report provides an elaborate executive summary, which provides a snapshot of various segments of the global bone growth stimulators market. It also provides information and data analysis of the global bone growth stimulators market with respect to segments based on product, application, end user, and region.
- The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global bone growth stimulators market
- The report includes company profiles, which provide information about business strategies, product portfolios, and financials of players operating in the global bone growth stimulators market and competition landscape of the market
- The report on the global bone growth stimulators market offers attractiveness analysis of different segments of the market across regions
- The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global bone growth stimulators market
Global Bone Growth Stimulators Market: Segmentation
Bone Growth Stimulators Market, by Product
- Devices
- External Devices
- Pulsed Electromagnetic Field Devices
- Combined Magnetic Field Devices
- Capacitive Coupling Devices
- Ultrasound Devices
- Implantable Devices
- Bone Morphogenetic Protein
- Platelet-rich Plasma (PRP)
Bone Growth Stimulators Market, by Application
- Spinal Fusion Surgeries
- Delayed Union & Nonunion Bone Fractures
- Oral & Maxillofacial Surgeries
- Others
Bone Growth Stimulators Market, by End User
- Hospitals & Clinics
- Academic & Research Institutes and CROs
- Home Care
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Bone Growth Stimulators Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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