High Prevalence of Orthopedic Diseases to be Major Growth Propeller in Bone Growth Stimulators Market: TMR

Increase in number of geriatric people, particularly those aged 60 and above, will help the market to witness growing demand over the forecast period

Growing demand for minimally invasive surgeries and treatments will drive the market forward in a major way

North America to account for a major market share

News provided by

Transparency Market Research

Jun 22, 2020, 07:30 ET

ALBANY, New York, June 22, 2020 /PRNewswire/ -- Notable growth is projected for global bone growth stimulators market over the period of 2019 to 2027. The compound annual growth rate would be about 5% and the market worth would reach a value of about USD 2.1 billion by the end of the stated period. This would be a marked increase from USD 1.3 billion in the year 2018.

As per Transparency Market Research, "Increase in geriatric population is set to drive the market forward over the forecast period. It is pertinent to note here that this therapy is extensively used in treating fractures and aiding recovery after spinal fusion surgery and since the stated demographic is susceptible to such injuries and is dependent on such procedures, demand for the therapy would increase."

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Key Findings of Growth in Global Bone Growth Stimulators Market Study:

Hospitals and clinic segment in the end-user category is set to maintain dominance in the market over the forecast period
The spinal fusion surgeries segment will account for a sizeable share of the market under the applications category
Increase in incidence of spinal injuries is fuelling growth in the market

For a detailed analysis of global bone growth stimulators market by product, application, end user, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/28541

Key Drivers of Growth in Global Bone Growth Stimulators Market:

Transparency Market Research notes that multiple growth factors are helping the market stay buoyant over the forecast period. Of the host of trends and drivers that make this list, driving growth in the global bone growth stimulators market, the prominent ones have been outlined below:

Demand for minimally invasive surgeries is growing across the globe, driving demand for bone growth stimulators
Prevalence of orthopedic diseases is growing, leading to demand for better therapies, driving growth in the bone growth stimulators market
2 billion people will be aged 60 and above and one in every six people will be aged 65 and above by the year 2050
Technological advancement is propelling the market on to a high growth trajectory over the forecast period

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Regional Analysis of Global Bone Growth Stimulators Market:

North America to be a dominant region in the global bone growth stimulators market over the forecast period
Rapidly ageing population is one of the most notable factors of growth in the region – by 2050, one in every four people will be aged 65 and above
Robust healthcare infrastructure and notable reimbursement policy to contribute to growth
Regulatory approvals by FDA are set to propel growth in the regional market over the forecast period

Analyze global bone growth stimulators market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28541

Competitive Analysis of Global Bone Growth Stimulators Market:

Top players marking the slightly fragmented vendor landscape of global bone growth stimulators market are Zimmer Biomet, DJO Global, Medtronic plc, Terumo Corporation, Bioventus, Inc., Orthofix Medical Inc., IGEA, Ossatec Benelux BV, BTT Health GmbH, and Stimulate Health, among others. Transparency Market Research has profiled these players on a granular level and elaborated upon key strategies, financials, and product details. It is significant to note here that technological advancement and innovation are significant determinant of growth.

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

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

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

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