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Global Bone Growth Stimulator Market

Bone Growth Stimulator Market Size, Share & Trends Analysis Report By Product (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins, Platelet-rich Plasma), By Application, By End-Use, By Region, And by Segment Forecasts, 2023-2031.

Report ID : 1443 | Published : 2023-04-18 | Pages: 180 | Format: PDF/EXCEL

The Bone Growth Stimulator Market Size is valued at 1102.80 Million in 2022 and is predicted to reach 1963.93 Million by the year 2031 at a 6.86 % CAGR during the forecast period for 2023-2031.

Bone Growth Stimulator Market

Bone growth stimulators are medical devices that help patients recover faster from ailments such as spinal fixation and orthopedic fixing. Bone growth stimulators treat fresh fractures, fractures that heal slowly or not at all, and fractures with a high risk. During the projected period, the worldwide bone growth stimulators market is expected to be propelled by an increase in demand for bone growth stimulators in emerging economies. Other factors driving global market expansion include an increase in the number of accidents and spinal injuries, an increase in the incidence of orthopedic diseases, and an increase in the number of people prone to orthopedic disorders. Companies in the bone growth stimulators market focus on technical developments to create better goods that drive the industry.

Furthermore, the increasing prevalence of bone illnesses is anticipated to propel the market during the forecast period. Rising rates of osteoporosis are expected to be the primary cause of fractures worldwide, benefiting the sector during the projection period. Limited medical reimbursement for bone stimulation products and the high cost of treatment associated with BMP and PRP products may stymie market expansion over the projected period, while adverse effects connected with BMP-based orthopedic treatment pose further challenges.

Market Segmentation:

The bone growth stimulator market is segmented on the product, applications and end-use. Based on product, the market is divided into bone growth stimulation devices, bone morphogenetic proteins and platelet-rich plasma. Based on applications, the bone growth stimulator market is divided into spinal fusion surgeries, delayed union & non-union bone fractures, and oral and maxillofacial surgeries. Based on end-use, the bone growth stimulator market is segmented into hospital & ASCs home care settings, academic & research institutions.

Based On The Product, The Bone Growth Stimulation Devices Segment Is A Significant Contributor To The Bone Growth Stimulator Market.

The bone growth stimulation devices segment is estimated to hold a significant market share. The segment's growth can be due to the growing number of patients undergoing spinal fusion operations worldwide. Furthermore, the rising prevalence of age-related spinal disorders and fractures propels the market. Aging causes bone density to decrease and bones to weaken owing to excessive bone mass loss, which can lead to fractures and spinal issues. Furthermore, the high cost of the treatment and the rising volume of procedures are significant drivers supporting segmental expansion during the forecast period.

The Spinal Fusion Surgeries Segment Witnessed Growth At A Rapid Rate.

Spinal fusion surgeries grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. This considerable market share is primarily due to increasing patient knowledge of the procedural aid provided by bone growth stimulation devices and technological developments. The bone growth stimulation devices have various applications, including spinal fusion procedures, non-union bone fractures, and maxillofacial surgeries. Rapid technological improvements in these devices are positively encouraging product uptake. These developments in external and ultrasonic bone growth stimulators for expediting the repair of specified bone and various other breakthroughs have increased the procedure's outcome and success rate.

The North American Bone Growth Stimulator Market Holds A Significant Regional Revenue Share.

The North American bone growth stimulator market is expected to register the highest market share in revenue soon. Because of the increased occurrence of orthopedic and spinal disorders such as bone fractures and spinal injury, better therapeutic techniques and enhanced treatment processes have positively impacted the American market's expansion. Furthermore, the growing patient population for orthopedic fixation treatments, high awareness among the American public, and high spending income are some of the numerous reasons driving the market in this region's growth. In addition, Asia Pacific is projected to grow rapidly in the global Bone growth stimulator market. The regional market's growth can be ascribed to the vast population base and the increasing prevalence of bone and joint diseases. The presence of growing countries such as India, China, and Japan, among others, is a vital driver boosting the bone growth stimulant market.

Competitive Landscape

Some major key players in the Bone Growth Stimulator Market:

  • Orthofix US LLC,
  • Stryker,
  • Medical Device Business Services, Inc.,
  • Bioventus, Medtronic,
  • DJO, LLC,
  • Zimmer Biomet,
  • Arthrex, Inc.,
  • Terumo Corporation,
  • Ossatec Benelux BV.

Bone Growth Stimulator Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 1102.80 Million

Revenue Forecast In 2031

USD 1963.93 Million

Growth Rate CAGR

CAGR of 6.86 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

Product, Application, End-Use

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Orthofix US LLC, Stryker, Medical Device Business Services, Inc., Bioventus, Medtronic, DJO, LLC, Zimmer Biomet, Arthrex, Inc., Terumo Corporation, and Ossatec Benelux BV.

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Bone Growth Stimulator Market Snapshot

Chapter 4. Global Bone Growth Stimulator Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2031

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Product Type:

5.2.1. Bone Growth Stimulation Devices

5.2.2. Bone Morphogenetic Proteins

5.2.3. Platelet-rich Plasma

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis

6.1. by Application & Market Share, 2019 & 2031

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Application:

6.2.1. Spinal Fusion Surgeries

6.2.2. Delayed Union & Non-Union Bone Fractures

6.2.3. Oral & Maxillofacial Surgeries

6.2.4. Other Application

Chapter 7. Market Segmentation 3: by End use Estimates & Trend Analysis

7.1. by End use & Market Share, 2019 & 2031

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by End use:

7.2.1. Hospital & ASCs

7.2.2. Home Care Settings

7.2.3. Academic & Research Institutes

Chapter 8. Bone Growth Stimulator Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Bone Growth Stimulator Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031

8.1.2. North America Bone Growth Stimulator Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031

8.1.3. North America Bone Growth Stimulator Market revenue (US$ Million) by End use, 2023-2031

8.1.4. North America Bone Growth Stimulator Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Bone Growth Stimulator Market revenue (US$ Million) by Product Type, 2023-2031

8.2.2. Europe Bone Growth Stimulator Market revenue (US$ Million) by Application, 2023-2031

8.2.3. Europe Bone Growth Stimulator Market revenue (US$ Million) by End use, 2023-2031

8.2.4. Europe Bone Growth Stimulator Market revenue (US$ Million) by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Bone Growth Stimulator Market revenue (US$ Million) by Product Type, 2023-2031

8.3.2. Asia Pacific Bone Growth Stimulator Market revenue (US$ Million) by Application, 2023-2031

8.3.3. Asia-Pacific Bone Growth Stimulator Market revenue (US$ Million) by End use, 2023-2031

8.3.4. Asia Pacific Bone Growth Stimulator Market revenue (US$ Million) by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Bone Growth Stimulator Market revenue (US$ Million) by Product Type, 2023-2031

8.4.2. Latin America Bone Growth Stimulator Market revenue (US$ Million) by Application, 2023-2031

8.4.3. Latin America Bone Growth Stimulator Market revenue (US$ Million) by End use, 2023-2031

8.4.4. Latin America Bone Growth Stimulator Market revenue (US$ Million) by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Bone Growth Stimulator Market revenue (US$ Million) by Product Type, 2023-2031

8.5.2. Middle East & Africa Bone Growth Stimulator Market revenue (US$ Million) by Application, 2023-2031

8.5.3. Middle East & Africa Bone Growth Stimulator Market revenue (US$ Million) by End use, 2023-2031

8.5.4. Middle East & Africa Bone Growth Stimulator Market revenue (US$ Million) by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles 

9.2.1. Orthofix US LLC

9.2.2. Stryker

9.2.3. Medical Device Business Services, Inc.

9.2.4. Bioventus

9.2.5. Medtronic

9.2.6. DJO, LLC

9.2.7. Zimmer Biomet

9.2.8. Arthrex, Inc.

9.2.9. Terumo Corporation

9.2.10. Ossatec Benelux BV

9.2.11. Other Prominent Players

 

 

Segmentation Of Bone Growth Stimulator Market

By Product-

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

Bone Growth Stimulator Market

By Application

  • Spinal Fusion Surgeries
  • Delayed Union & Non-Union Bone Fractures
  • Oral & Maxillofacial Surgeries
  • Other Application

By End-Use

  • Hospital & ASCs
  • Home Care Settings
  • Academic & Research Institutes

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Bone Growth Stimulator Market Size?

The Bone Growth Stimulator Market is expected to grow at a 6.86 % CAGR during the forecast period for 2023-2031.

Orthofix US LLC, Stryker, Medical Device Business Services, Inc., Bioventus, Medtronic, DJO, LLC, Zimmer Biomet, Arthrex, Inc., Terumo Corporation, an

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