The Global Bone Growth Stimulator Market research study published by Emergen Research is an extensive collection of insightful information about the Bone Growth Stimulator industry. The report covers the Bone Growth Stimulator Market segmentation along with a detailed outline of the Bone Growth Stimulator market size with regards to volume and valuation. The report provides comprehensive coverage of the Bone Growth Stimulator market scenario for the current period and forecast timeline of 2020-2027. The Bone Growth Stimulator market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The bone growth stimulator market is estimated to grow at a 5.8% revenue CAGR over the forecast period, reaching a value of USD 1.10 billion in 2021. Bone growth stimulators' consistent market revenue increase can be ascribed to the rising acceptance of minimally and non-invasive surgical procedures. The growing need for minimally invasive or non-invasive procedures to treat patients with bone injuries has increased the need for bone growth stimulators. Additionally, due to the prevalence of spinal cord injuries worldwide, there is now a greater need for spinal fusion surgeries. According to the World Health Organization (WHO), between 250,000 and 500,000 people suffer spinal cord injuries annually, most frequently as a result of car accidents, slips and falls, and violent crimes.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Bone Growth Stimulator market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Bone Growth Stimulator market landscape.
The increased use of Bone Growth Stimulator by municipalities and enterprises is responsible for the market's expansion. The Bone Growth Stimulator market is anticipated to grow at a faster rate during the forecast period than traditional treatment procedures like thermal oxidation and chemical oxidation due to the reduced operational and capital costs of Bone Growth Stimulator. The demand for Bone Growth Stimulator is rising as more people are embracing biological treatment methods like aerobic activated sludge. The use of Bone Growth Stimulator solutions is projected to increase in the near future due to rising restrictions on the discharge of treated effluents into freshwater bodies.
The Bone Growth Stimulator research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.
The key companies studied in the report are:
Orthofix US LLC, Stryker, Medical Device Business Services, Inc., Bioventus, Medtronic, DJO, LLC, Zimmer Biomet, Arthrex, Inc., Terumo Corporation, Ossatec Benelux BV
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
Product Outlook (Revenue, USD Billion; 2019-2030)
- Bone Growth Stimulation Devices
- Bone Morphogenetic Proteins
- Platelet-rich Plasma
Application Outlook (Revenue, USD Billion; 2019-2030)
- Spinal Fusion Surgeries
- Delayed Union Non-Union Bone Fractures
- Oral Maxillofacial Surgeries
- Other Applications
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals ASCs
- Home Care Settings
- Academic Research Institutes
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Bone Growth Stimulator market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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