Bone Growth Stimulators Market
Global Bone Growth Stimulators Market Size, Share & Trends Analysis Report by Product (Bone Growth Stimulation Devices, Platelet-Rich Plasma (PRP), Bone Morphogenetic Protein (BMP)), By Application (Delayed Union and Non-Union Bone Fractures, Spinal Fusion Surgeries, Oral and Maxillofacial Surgeries, and Others), By End-User (Hospitals & Clinics, Homecare, and Others), Forecast 2019-2025 Update Available - Forecast 2024-2030
The global bone growth stimulators market is estimated to register a CAGR of over 5% during the forecast period. The bone growth stimulators are the medical devices that are utilized by the patient in the case of cervical or lumbar spine surgery, as it boosts spinal bone after a fracture. The advanced bone growth stimulators facilitate multi-level fusions, the efficiency of which plays a key role in the aftercare of patients with spine fusion surgeries.
The factors that positively affect the growth of the global bone growth stimulators market include numerous favorable government initiatives, along with heavy investments made by various research institutes, universities, and private organizations. There has been a significant rise in R&D activities concerned with new treatment methods and product development. Besides, factors such as high costs of devices and lack of awareness about the services and devices amongst the users are some of the factors that challenge the growth of the bone growth stimulators market over the forecast period.
Segmental Outlook
The global bone growth stimulators market is segmented on the basis of products, applications, and end-user. Based on the product, the market is segmented into bone growth stimulation devices, platelet-rich plasma (PRP), and bone morphogenetic protein. The bone growth stimulation devices segment is estimated to hold a prominent share in the market.
Global Bone Growth Stimulators Market by Product, 2018 (%)
Based on the application, the market is segmented intothe delayed union and non-union bone fractures, spinal fusion surgeries, oral and maxillofacial surgeries, and others. The spinal fusion surgeries segment held a prominent share in the market owing to the increased incidence of spinal cord injuries such as spinal stenosis, which has resulted in increased demand for spinal fusion surgeries globally.Further,based on the end-user, the market is segmented intohospitals and clinics, homecare, and others such as research institutes and universities.
End-User Insights: Hospitals & Clinics to be the significant shareholding segment of the market
Based on the end-user, the hospitals and clinics hold a significant share in the global bone growth stimulators market during the forecast period. This is attributed to the availability of several facilities need that are required to the patients in the hospitals and to offer those, companies offer various products customized for the hospitals.
Initially, most of the products and devices in the healthcare sector are designed for hospitals only. However, after the successful implementation of the devices, the companies started manufacturing products for homecare as well, to offer better treatment facilities, affordable healthcare costs and to reduce the patient load on the hospitals.
Regional Outlook
Based on the geographical viewpoint, the global bone growth stimulators market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America is expected to hold the most significant share in the market globally. This is attributed to the enhanced and improved healthcare infrastructures in the region. The growth of the market in the region is also accredited to the increased awareness amongst the consumers regarding chronic injuries and bone fractures. Furthermore, the presence of the key players such as Orthofix Medical inc., DJO Finance LLC, and Bioventus LLC among others, further gives a boost to the regional growth of the market.
Global Bone Growth Stimulators Market, by Region 2018 (%)
Market Players Outlook
The prominent players operating in the global bone stimulator market include Orthofix Medical Inc., Medtronic Plc, Zimmer Biomet Holdings Inc., Stryker Corp., Bioventus LLC, Arthrex Inc., and many others.The key players are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, in order to thrive in a competitive environment in the market.The players are bringing new products to the market in order to meet the needs of healthcare professionals and patients.
For instance, in January 2017, Orthofix Medical Inc. announced that it has received approval for Cervical Stim and Spinal Stim, bone growth stimulators used for postoperative spinal fusion, by the US FDA and European Commission (CE Mark). These devices deploy a low-level pulsed electromagnetic field that activates and enhances the natural healing process of the body.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bone growth stimulators market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Orthofix Medical Inc.
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Medtronic Plc
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. Zimmer Biomet Holdings Inc.
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Stryker Corp.
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Bone Growth Stimulators Market by Product
5.1.1. Bone Growth Stimulation Devices
5.1.2. Platelet-Rich Plasma (PRP)
5.1.3. Bone Morphogenetic Protein
5.2. Global Bone Growth Stimulators Market by Applications
5.2.1. Delayed Union and Non-Union Bone Fractures
5.2.2. Spinal Fusion Surgeries
5.2.3. Oral and Maxillofacial Surgeries
5.2.4. Others
5.3. Global Bone Growth Stimulators Market by End-users
5.3.1. Hospitals and Clinics
5.3.2. Home care
5.3.3. Others (Research Institutes and Universities)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Arthrex Inc.
7.2. Bioventus LLC
7.3. DePuy Synthes Spine Inc. (A J&J Company)
7.4. DJO Finance LLC
7.5. Elizur Corp.
7.6. Isto Biologics
7.7. ITO Co. Ltd.
7.8. Kinex Medical Co., LLC
7.9. Medtronic plc
7.10. Orthofix Medical Inc.
7.11. Orchid Medical, Inc.
7.12. Ossatec BeneluxBV
7.13. Stryker Corp.
7.14. Synergy Orthopedics
7.15. Terumo BCT, Inc.
7.16. Zimmer Biomet Holdings Inc.
1. GLOBAL BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
2. GLOBAL BONE GROWTH STIMULATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL PLATELET-RICH PLASMA (PRP) MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL BONE MORPHOGENETIC PROTEIN MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
6. GLOBAL BONE GROWTH STIMULATORS FOR DELAYED UNION AND NON-UNION BONE FRACTURES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL BONE GROWTH STIMULATORS FOR SPINAL FUSION SURGERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL BONE GROWTH STIMULATORS FOR ORAL AND MAXILLOFACIAL SURGERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL BONE GROWTH STIMULATORS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
11. GLOBAL BONE GROWTH STIMULATORS IN HOSPITALS & CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL BONE GROWTH STIMULATORS IN HOME CAREMARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL BONE GROWTH STIMULATORS IN OTHEREND-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
15. NORTH AMERICAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
16. NORTH AMERICAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
17. NORTH AMERICAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
18. NORTH AMERICAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
19. EUROPEAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
20. EUROPEAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
21. EUROPEAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
22. EUROPEAN BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
25. ASIA-PACIFIC BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
26. ASIA-PACIFIC BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
27. REST OF THE WORLD BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2018-2025 ($ MILLION)
28. REST OF THE WORLD BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
29. REST OF THE WORLD BONE GROWTH STIMULATORS MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. GLOBAL BONE GROWTH STIMULATORS MARKET SHARE BY PRODUCT, 2018 VS 2025 (%)
2. GLOBAL BONE GROWTH STIMULATORS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL BONE GROWTH STIMULATORS MARKET SHARE BY END-USER, 2018 VS 2025 (%)
4. GLOBAL BONE GROWTH STIMULATORS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
7. UK BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD BONE GROWTH STIMULATORS MARKET SIZE, 2018-2025 ($ MILLION)
