Bone Growth Stimulator Market 2024-2032
The global bone growth stimulator market size reached US$ 2.1 Billion in 2023. By 2032, It will reach US$ 3.3 Billion, at a CAGR of 5.03% during (2024-2032).
SHERIDAN, WYOMING, USA, November 16, 2023 /EINPresswire.com/ — How Big is the Bone Growth Stimulator Market?
The global bone growth stimulator market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.03% during 2024-2032.
What is Bone Growth Stimulator?
A bone growth stimulator is a medical device or treatment that enhances the natural bone healing process of the body. It comprises electrical stimulators, which deliver low-level electrical currents to the affected area to promote bone growth. It also consists of electromagnetic stimulators, which use magnetic fields to stimulate bone healing. It includes implantable bone growth stimulators, which are surgically implanted near the affected bone and release continuous or intermittent stimulation directly to the bone, making them suitable for complex cases. It operates through various mechanisms, including low-intensity pulsed ultrasound (LIPUS. It can significantly reduce the time required for bone healing, allowing patients to return to their normal activities sooner. It assists in reducing the need for additional surgeries or invasive procedures. It can help prevent complications associated with delayed or failed bone healing, such as muscle atrophy or joint stiffness.
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What is the trend and growth prospects in the bone growth stimulator industry?
At present, the increasing emphasis on non-invasive and minimally invasive treatment options is driving the demand for bone growth stimulators as they offer patients a safer and more efficient alternative to traditional surgical procedures. Besides this, the rising prevalence of musculoskeletal disorders, including osteoporosis, arthritis, and spinal injuries, is contributing to the growth of the market.
In addition, the growing advancements in technology and materials, such as the integration of biocompatible materials and the development of smart, wearable devices, are enhancing the efficacy and user-friendliness of bone growth stimulators. Apart from this, the increasing shift towards value-based healthcare models and patient awareness about the benefits of early intervention and rehabilitation is leading to the incorporation of bone growth stimulators into treatment protocols.
Additionally, the rising incidence of sports-related injuries, among professional athletes and amateurs, is driving the adoption of bone growth stimulators in sports medicine, as they facilitate rapid recovery. Moreover, the increasing emergence of regenerative medicine and the application of stem cell therapies in conjunction with bone growth stimulators is bolstering the market growth.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
• Bone Growth Stimulation Devices
• Bone Morphogenetic Proteins
• Platelet-Rich Plasma
Breakup by Application:
• Spinal Fusion Surgeries
• Delayed Union and Nonunion Bone Fractures
• Oral and Maxillofacial Surgeries
• Others
Breakup by End User:
• Hospitals and Clinics
• Home Care
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
Arthrex Inc.
DJO Global Inc.
Elizur Corporation
IGEA S.p.A.
Isto Biologics
Ito Co. Ltd.
Medical Device Business Services Inc. (Johnson & Johnson)
Medtronic Plc
Orthofix Medical Inc.
Ossatec Benelux B.V.
Stryker Corporation
Terumo Bct Inc. (Terumo Corporation)
Zimmer Biomet
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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