Bone Growth Stimulators Market By Product (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins, Platelet-Rich Plasma), By Application (Spinal Fusion Surgeries, Delayed Union and Nonunion Bone Fractures, Oral and Maxillofacial Surgeries, Others), By Distribution Channel (Hospitals and Clinics, Home Care, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global bone growth stimulators market was valued at $1,958.8 million in 2020, and is projected to reach $3,277.2 million by 2030, registering a CAGR of 5.5% from 2021 to 2030. Bone growth stimulators are used for bone growth, which also aid in broken bone healing process. Bone growth stimulators help in production of new bone cells and work in case of all fractures. In addition, they are used for healing of long leg bones such as tibia. They are also used in surgical procedures such as spinal fusions, which are difficult to heal. Bone growth stimulators include bone growth stimulation devices, bone morphogenetic proteins, and platelet-rich plasma.
Rise in number of trauma and accident cases, increase in prevalence of arthritis, surge in inclination of patients toward minimally invasive & non-invasive surgical treatments, rise in geriatric population, and rapid demand and adoption of platelet-rich plasma and bone morphogenetic proteins are some factors that fuel the growth of the bone growth stimulators market. In addition, rise in cases of diabetes and other medical conditions such as obesity, vascular disease, and renal disorders, are also expected to drive the market during the forecast period. Moreover, bone growth stimulation products offer more benefits compared to traditional surgical therapies such as cost-effective and safe alternative mode to treat orthopedic diseases and bone fracture treatment. However, stringent approval process and limited medical reimbursement policies for bone stimulation products are expected to hinder the growth of the market.
The bone growth stimulators market is segmented on the basis of product, application, distribution channel, and region.By product, it is categorized into bone growth stimulation devices, bone morphogenetic proteins, and platelet-rich plasma.Depending on application, it is classified into spinal fusion surgeries, delayed union & nonunion bone fractures, oral & maxillofacial surgeries, and others.By distribution channel, it is divided into hospitals & clinics, home care, and others.
By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA(Brazil, South Arabia, South Africa, and LAMEA).
The key companies profiled in the report include Arthrex Inc., Colfax Corporation, Essex Woodlands Healthcare Partners, IGEA Pharma, Isto Biologics, Johnson and Johnson, ManaMed Inc., Medtronic Plc., Orthofix Medical, Inc., Stryker Corporation, Terumo Corporation, Theragen Etex Co., Ltd., and Zimmer Biomet Holdings Inc.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the global bone growth stimulators market size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global bone growth stimulators market growth.
Key Market Segments
By Distribution Channel
Hospitals and Clinics
Home Care
Others
By Product
Bone Growth Stimulation Devices
Bone Morphogenetic Proteins
Platelet-Rich Plasma
By Application
Spinal Fusion Surgeries
Delayed Union and Nonunion Bone Fractures
Oral and Maxillofacial Surgeries
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Colfax Corporation (DJO Global
Inc)
Arthrex
Inc.
Essex Woodlands Healthcare Partners (Bioventus LLC)
Isto Biologics
JOHNSON andJOHNSON
MEDTRONIC PLC.
Orthofix Medical Inc.
STRYKER CORPORATION
Terumo Corporation
ZIMMER BIOMET HOLDINGS
IGEA Pharma
Manamed Inc
THERAGEN ETEX CO., LTD
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