Global Bone growth Stimulator Market By Product (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins, Platelet-Rich Plasma), Application (Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral and Maxillofacial Surgeries), End- User (Hospitals & Clinics, Home Care, Academic & Research Institutes and CROS), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Bone growth Stimulator Market
Global Bone growth Stimulator Market is expected to rise from its initial estimated value of USD 1.13 billion to an estimated value of USD 1.74 billion by 2026, registering a CAGR of 5.57% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand of dental bone grafts.
Market Definition: Global Bone growth Stimulator Market
After a fracture or spinal fusion surgery, the therapy which is suggested by the surgeons for the aiding is called bone growth stimulator which helps in the faster healing of the fractures. They are also known as osteogenesis stimulators devices and provide pain free ultrasound. They are very useful in cervical and lumbar spine surgery.
- Increasing bone and joint problems is driving the market.
- Technological advancement and development in the field of healthcare.
- High amount of costing of these equipment is expected to act as a restraint to the market growth
- Adoption & preference of refurbished medical equipment and devices in the developing regions is also expected to restrain the market growth
Key Developments in the Market:
- In January 2017, Orthofix International NV got FDA and CE approval for their new bone growth stimulators. The CervicalStim and SpinalStim are Class III devices. To activate the natural healing process of body, they use low level electromagnetic field. The SpinalStim can be used as both lumbar spinal fusion adjunct and a nonoperative treatment option for spinal pseudarthrosis.
- In September 2016, Bioventus announce the launch of their new EXOGEN Ultrasound Bone Healing System which is safe and effective low- intensity pulsed ultrasound which will stimulate the body’s natural healing process.
Global bone growth stimulator market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bone growth stimulator market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the bone growth stimulator market are Zimmer Biomet, Bioventus, Synergy Orthopedics, Ito Co., Ltd., DePuy Synthes, DJO Global, Ossatec Benelux BV, Orchid Medical Centre, TERUMO BCT, INC., Isto Biologics,, Arthrex, Inc., Smith & Nephew, Stryker, Medtronic, Orthofix Holdings, Inc., Ember Therapeutics., Regen Lab SA, elizur Corporation.
Research Methodology: Global Bone growth Stimulator Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Table of Contents:
- Product Overview and Scope
- Global Application/End Users
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Size (Value and Volume) Forecast (2019-2026)
- Research Findings and Conclusion
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global bone growth stimulator market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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