DUBLIN–(BUSINESS WIRE)–The “Bone Growth Stimulators – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Bone Growth Stimulators estimated at US$999.4 Million in the year 2020, is projected to reach a revised size of US$1.27 Billion by 2026, growing at a CAGR of 4.2% over the analysis period.
Stimulation Devices, one of the segments analyzed in the report, is projected to grow at a 4.3% CAGR to reach US$739 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bone Morphogenetic Proteins (BMP) segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 35.1% share of the global Bone Growth Stimulators market.
Bone growth stimulation devices comprise external bone growth stimulators, implanted bone growth stimulators, and Ultrasonic bone growth stimulators. External bone growth stimulators represent portable devices intended to be worn by a patient on the skin using straps for securing them. Ultrasound bone growth stimulators is a noninvasive intervention, designed to transmit low-density, pulsed, high-frequency acoustic pressure waves to improve healing of fresh fractures and promote healing of delayed unions and non-unions.
The U.S. Market is Estimated at $527.7 Million in 2021, While China is Forecast to Reach $83.9 Million by 2026
The Bone Growth Stimulators market in the U.S. is estimated at US$527.7 Million in the year 2021. The country currently accounts for a 51.34% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$83.9 Million in the year 2026 trailing a CAGR of 6.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.5% respectively over the analysis period.
Select Competitors (Total 62 Featured) –
- Arthrex, Inc.
- Bioventus LLC
- DePuy Synthes Companies
- Elizur Corporation
- Medtronic plc
- Orthofix International N.V
- Ossatec Benelux B.V.
- Stryker Corporation
- Synergy Orthopedics
- Terumo Corporation
- Zimmer Biomet Holdings Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Bone Growth Stimulators – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020, 2021, & 2022
- COVID-19 Casts Shadow over Normalcy of Orthopedic Surgery Volumes
- Number of Elective Orthopaedic Surgical Procedures Conducted in the US: April-June 2020 Vs April-June 2019
- Pandemic Scare Helps Hospitals Shift Gears from In-patient to Out-patient Surgeries
- Bone Growth Stimulator: A Prelude
- Types of Bone Growth Stimulators
- Market Overview and Outlook
- Hospitals & Clinics: Primary End-User Segment
- US Holds Predominance in Global Bone Growth Stimulators Market
- US FDA Proposes Down-Classification of Non-Invasive Bone Growth Stimulators
- Competition
- Market Share of Leading Players in Global Bone Growth Stimulators Market: 2019
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increase in Number of Fractures and Rise in incidence of Delayed Union & Nonunion Bone Fractures Elevates Demand for Bone Stimulators
- Osteoporosis and Other Bone Related Health Concerns: Factsheet
- Hip Fracture Stats
- Select Musculoskeletal Conditions – Percentage Breakdown by Age Group
- Percentage Share Breakdown of Number of Fractures by Age Group: 2019
- Rise in Vertebral Fractures to Steer Growth
- Vertebral Fracture Stats
- Increasing Cases of Trauma Underpins Demand
- Rise in Incidence Osteoporosis to Benefit Market Growth
- Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
- % of Women Affected by Osteoporosis
- Spinal Fusion Surgery Holds Strong Opportunities
- US Spinal Fusion Surgery Market: Percentage Breakdown of Procedure Volume by Age Group
- Bone Stimulators Display Potential for Application in Treatment of Osteoarthritis
- Role of Platelet-Rich Plasma (PRP) as Bone Growth Stimulants
- Rise in Minimally Invasive Surgeries and Robotic Surgeries to Boost Prospects
- World Surgical Robots Market by Surgery Type: 2019
- Technology Advancements in Implants Drive Surgery Volumes, Supporting the demand for Bone Stimulators
- Demographic Factors Buoying Growth
- Epidemic Proportion of Obesity
- Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
- Average Per Capita Annual Health Expenditure (In US$) due to Obesity
- Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
- Alarming Levels of Diabetes Incidence and Increased Risk of Impaired Fracture Healing to Benefit Demand
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- World Diabetes Prevalence (2000-2045P)
- Aging Population and their Vulnerability to Various Bone and Joint Related Diseases and Disorders Drive Healthy Market Growth
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Rise in Healthcare Expenditure to Drive Growth
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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