Meticulous Research®– leading global market research company published a research report titled, global Bone growth stimulator market is mainly segmented by product, (bone growth stimulation devices, bone morphogenetic proteins, and platelet rich plasma), by application, (spinal fusion surgeries, delayed union & non-union fractures, oral and maxillofacial surgeries, and others), by end user (hospitals & clinics, academic and research institutes, contract research organizations, and home care), and geography.
The global Bone growth stimulator market will grow at a CAGR of 5.8% during the forecast period to reach USD 1,397.6 million by 2022, according to the latest publication from Meticulous Research. The bone growth stimulator market driven by growing geriatric population with the prevalence of orthopaedic issues and rising preference for stimulation treatments. Moreover, emerging economies such as Latin America, Asia, and Africa provides significant opportunities in this market. However, complications associated with the use of bone morphogenetic proteins (BMP) and unfavorable reimbursement scenario related to bone growth stimulators hinders the growth of the market to some extent.
Download Free Sample Report Now: https://www.meticulousresearch.com/download-sample-report/cp_id=3530
Based on product type, bone growth stimulation devices held the largest share of the market in 2016 and expected to continue its dominance in the global bone growth stimulator market during the forecast period, owing to rising adoption of external & implanted stimulators for the accurate treatment therapy with increasing incidence & prevalence of orthopedic problems with aging population, growing need for cost effective & easy accessible medical devices, rising number of road accidents & trauma, reducing complications associated with bone surgeries, and increasing secondary diseased conditions such as obesity & diabetes.
On the basis of application, spinal fusion surgeries held the largest share in the global bone growth stimulator market in 2016. This was mainly attributed to rising number of spine procedures with increasing risk of orthopedic problems, increasing bone related injuries by growing number of road accidents, trauma and sport activities, growing pain from degenerative disc disorder with instability, and rising adoption of bone growth stimulation products due to decreasing normal bone healing process with increase in the age.
Based on end user, hospitals & clinics commanded the largest share in 2016 due to continuous increase in the number of spinal fusion and orthopedic surgeries performed in the hospital settings, and related increase in the demand for bone growth stimulators from these healthcare organizations to enhance the bone healing process of their patients.
Speak to our Expert Analysts: https://www.meticulousresearch.com/speak-to-analyst/cp_id=3530
Geographically, this market is segmented into North America (U.S. and Canada), Europe (Germany, France, Italy, Spain, U.K., Turkey, and RoE), Asia Pacific (China, India, Japan, Indonesia, South Korea, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share in the global bone growth stimulator market in 2016, followed by Europe and Asia-Pacific. The large share of this market is mainly attributed to remarkably advanced healthcare industry with higher healthcare spending and adoption of innovative science & technology; increasing prevalence & incidence of orthopedic diseases such as osteoarthritis, chronic back & neck pain, rheumatoid arthritis, and others with expanding proportion of elderly population; availability of research funding; and growing focus on improving treatments. However, Asia Pacific and Latin America regions are expected to witness significant growth during the forecast period due to demographic transition from high fertility & mortality to low fertility & mortality, accelerated growth of economies, lower regulatory hurdles, remarkable advances in science & technology; increasing incidence of fractures, osteoporosis, and spinal diseases with aging population; growing patient awareness regarding stimulation treatments; and increasing demand for less invasive therapies in the region.
The key players in the global bone growth stimulator market are Orthofix International N.V. (U.S.), DJO Global, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Medtronic, plc (Ireland), Johnson & Johnson (U.S.), Stryker Corporation (U.S.), Bioventus Inc. (U.S.), Arthrex, Inc. (U.S.), ISTO Biologics (U.S.), Ossatec Benelux Ltd. (Netherland), Regen Lab SA (Switzerland), ITO CO., Ltd. (Japan), Altis Biologics (Pty) Ltd (South Africa), and Harvest Technologies Corporation (U.S.).
Scope of the report
Market by Product
- Bone Growth Stimulation Devices
- External Bone Growth Stimulator
- Pulsed Electromagnetic Field Devices
- Capacitive Coupling Devices
- Combined Magnetic Field Devices
- Implanted Bone Growth Stimulators
- Ultrasonic Bone Growth Stimulators
- Bone Morphogenetic Proteins
- Platelet Rich Plasma
Market by Application
- Spinal Fusion Surgeries
- Delayed Union & Non-union Bone Fractures
- Oral and Maxillofacial Bone surgeries
Market by End User
- Hospitals & Clinics
- Academic and Research Institutes
- Contract Research Organizations
- Home Care
Market by Geography
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- South Korea
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Direct Purchase this report at: https://www.meticulousresearch.com/buy_now.php?pformat=79&vformat=244
How is the competition between the major global and prominent local players in this market?
Which are the high growth market segments in terms of product types, applications, end users, regions, and countries?
What are the top competitors in this market and what strategies do they employ to gain shares?
What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
What strategies should new companies look to enter this market use to compete effectively?
What are the major drivers, restraints and opportunities in the bone growth stimulator market?
What companies have created partnerships and how will these partnerships promote a competitive advantage?
Who are the major players in the global bone growth stimulator market and what share of the market do they hold?
1. IVD Quality Controls Market by Product Type (Quality Controls, Data Management Software, and External Quality Assurance Services), by Application (Clinical Chemistry, Hematology, Immunoassay, Molecular Diagnostics, Microbiology, Coagulation/Hemostasis, and Others), by End User (Hospitals, Clinical/ Reference Laboratories, Research and Academic Institutes, and others), by Manufacturer Type (IVD Instrument Manufacturers and Third Party Quality Control Manufacturers) – Global Forecast to 2022
2. Inspection Machines (Pharmaceutical And Medical Devices) Market – Global Opportunity Analysis and Industry Forecast (2017 – 2022)
Connect with us
Office No-202, 203,204,205,206;
2nd Floor, Pushpak Business Hub,
For Sales Enquires