The new report by Expert Market Research titled, ‘Global Bone Growth Stimulator Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Global Bone Growth Stimulator Market, assessing the market based on its segments like product, application, end use, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 20%
- Forecast Market Size (2026): USD 1.49 billion
Accidental injuries such as sport injuries are prevalent during this competitive period. Athletes do not like to be injured for a long period of time. Such urge to quickly recover boosting the market growth of bone growth stimulator. Lack of nutrition weakens bones so higher number of fractures and lack of nutrition will augment the bone growth stimulators market during the forecast period. Rising cases of clinical conditions such as arthritis and osteoporosis will drive the market growth. The vulnerability to fractures increases with age, thus the growing geriatric population will also contribute for the growth of global bone growth stimulators market.
Industry Definition and Major Segments
A bone growth stimulator is an electrical device that is used to induce the growth of new bone after a surgery. It is used predominantly to treat fractures that do not show any progressive signs of healing. The body’s natural healing process produces electrical currents, and a stimulator augments these currents.
Based on product, the market is segmented into the following:
- Bone Growth Stimulation Devices
- External BGS
- Implanted BGS
- Ultrasonic BGS
- Bone Morphogenetic Proteins (BMP)
- Platelet-Rich Plasma
Based on application, the market is segmented into:
- Spinal Fusion Surgeries
- Delayed Union and Non Union Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
Based on end uses, the market is segmented into:
- Hospitals
- Ambulatory Surgical Centres
- Speciality Clinic
- Others
The Expert Market Research report looks into the regional markets of digital health like North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/bone-growth-stimulators-market
Market Trends
Bone growth stimulators work by encouraging several receptors in the patient’s body to enhance the healing response. It is a faster way of healing so everyone would prefer bone growth stimulator to medications. Technological advancement and development in the field of healthcare, rise in the government expenditure on healthcare are the major factors among others driving the bone growth stimulator market. Old people are likely to undergo this treatment and also those who have bone disorder. Moreover, rising technological advancements and modernization in the healthcare sector, rising research and development activities in the market and rising emerging markets will further create new opportunities for bone growth stimulator market in the forecasted period.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Key Market Players
The major players in the market are Medtronic, Bioventus LLC, Orthofix Medical Inc., Zimmer Biomet Holdings Inc., DJO, LLC, Stryker Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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