Bone Growth Stimulators Market OverviewA bone growth stimulator is a technology recommended by many orthopedists as a way to help promote faster bone healing. Stimulators provide pain-free electrical or ultrasound stimulation that promotes bone growth.
The rise in prevalence of orthopedic disease worldwide is anticipated to boost the growth of the bone growth stimulators market during the forecast period. According to the World Health Organization, degenerative joint disease disorders such as osteoarthritis are expected to affect nearly 130 million individuals across the globe by 2050. Therefore, the increasing prevalence and rising burden of orthopedic diseases have led to an increase in the patient pool undergoing minimal invasive surgeries globally, resulting in high demand for bone growth stimulators. This key fact propelling the growth of the global bone growth stimulators market in the forthcoming years.
Furthermore, other factors such as rise in old age population, increase in incidences of fracture and accidents, the surge in cases of obesity, rise in platelet-rich plasma and bone morphogenetic proteins, and availability of cost-effective bone growth stimulation devices are majorly contributing to the expansion of global bone growth stimulators market. Moreover, growing awareness regarding bone growth stimulators, rise in technological advancements in bone growth stimulators, and increase in adoption rate for bone growth stimulators by both patients and prescribers are further support to the market’s development to a great extent.
On the other hand, stringent approval processes and limited medical reimbursement policies for bone stimulation products are projected to hamper the growth of the market in the forecast period.
Covid-19 Impact on Bone Growth Stimulators Market: In addition, the current Bone Growth Stimulators Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Bone Growth Stimulators Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Bone Growth Stimulators Market Segment OverviewBased on product, the Devices segment accounted for the largest market share in 2018. The increasing prevalence of spinal injuries, rising demand for external devices for treatment, and technological advancements in the pulsed electromagnetic field and combined magnetic field devices are expected to propel the growth of the devices segment during the forecast period. In terms of application, the spinal fusion surgeries segment accounted for a major market share in 2018. The growth of the segment can be attributed to the shift from invasive to minimally invasive spinal surgeries, expansion of product portfolio by prominent bone stimulator manufacturers, and increase in demand for bone growth therapies for spinal fusion.
Bone Growth Stimulators Market, By Product
- Devices
- Pulsed Electromagnetic Field Devices
- Combined Magnetic Field Devices
- Capacitive Coupling Devices
- Ultrasound 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 Regional OverviewRegion-wise, North America commanded a major share of the global bone growth stimulators market. This can be mainly attributed to the huge demand for external bone growth stimulators for fracture and spinal fusion, the presence of key orthopedic device manufacturers in the U.S., and increasing awareness about external devices based on PEMF technology. Similarly, the Asia Pacific is expected to register the fastest growth during the forecast period. India and China are estimated to be lucrative markets for bone growth stimulators in the coming years, owing to the growing health care sector, increasing demand for bone growth stimulators devices, and high incidence of orthopedic disorders.
Bone Growth Stimulators Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Bone Growth Stimulators Market Competitor overviewSome key developments and strategies adopted by manufacturers in Bone Growth Stimulators are highlighted below.
· In July 2021, Orthofix Medical Inc., a global medical device company with a spine and orthopedics focus, announced the publication of retrospective data evaluating fusion rates in patients receiving three- and four-level lumbar arthrodesis surgery who were treated adjunctively with the SpinalStim™ bone growth therapy device.
Bone Growth Stimulators Market, Key Players· Zimmer Biomet
· DJO Global
· Medtronic plc
· Terumo Corporation
· Bioventus, Inc.
· Orthofix Medical Inc.
· IGEA
· Ossatec Benelux BV
· BTT Health GmbH
· Stimulate Health
List of Figures
Figure 1: Global Bone Growth Stimulators Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Bone Growth Stimulators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Bone Growth Stimulators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Bone Growth Stimulators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Bone Growth Stimulators Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Bone Growth Stimulators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Bone Growth Stimulators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Bone Growth Stimulators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Bone Growth Stimulators Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Bone Growth Stimulators Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Bone Growth Stimulators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Bone Growth Stimulators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Bone Growth Stimulators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Bone Growth Stimulators Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Bone Growth Stimulators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Bone Growth Stimulators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Bone Growth Stimulators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Bone Growth Stimulators Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Bone Growth Stimulators Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Bone Growth Stimulators Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Bone Growth Stimulators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Bone Growth Stimulators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Bone Growth Stimulators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Bone Growth Stimulators Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Bone Growth Stimulators Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Bone Growth Stimulators Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Bone Growth Stimulators Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Bone Growth Stimulators Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Bone Growth Stimulators Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model