The global Bone Growth Stimulator market size was USD 1,241.8 Million in 2020 and is expected to register a CAGR of 5.5% during the forecast period. Bone growth stimulator has come up as the treatment of choice to stimulate natural healing process of bone through passing low-level pulses of electromagnetic energy to the site of injury or fusion. In order to avoid the need for painful ortho-surgical procedures and assist bone healing, preventive & therapeutic bone growth stimulation technologies have been developed over time.

The market is driven by several factors that includes advantages provided by bone growth stimulation techniques over conventional methods, Increasing incidences of target diseases/condition, rising demand for minimally invasive surgeries and advancement in bone growth stimulation technologies. For instance, in June 2017, announced a clinical trial study for the company’s bone growth stimulator. In January 2017, Orthofix received FDA approval and CE Mark Approval for sales of its Bone Growth Stimulators in the regions.

An analysis of Bone Growth Stimulator's growth rate, market share, market size, current and emerging trends, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players is provided in the report, which has been segmented into key regions globally. This report provides a country-by-country analysis of the Bone Growth Stimulator market to give a clearer picture of its regional distribution and growth.

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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Key Players covered in this report are

Orthofix International N.V., Medtronic plc, Zimmer Biomet Holdings, Inc., Harvest Technologies Corporation, DJO Finance LLC, Isto Biologics, Arthrex, Inc., Bioventus LLC, DePuy Synthes, and Stryker Corporation

Type Outlook (Revenue, USD Million, 2018 - 2028)

• Bone Growth Stimulation Devices
  • External Bone Growth Stimulators
    • Combined Magnetic Field (CMF) Devices
    • Capacitive Coupling (CC) Devices
    • Pulsed Electromagnetic Field (PEMF) Devices
  • Implanted Bone Growth Stimulators
  • Ultrasonic Bone Growth Stimulators
• Bone Morphogenetic Proteins (BMP)
• Platelet-rich Plasma (PRP)            

Application Outlook (Revenue, USD Million, 2018 - 2028)

• Spinal Fusion Surgeries
• Delayed Union & Nonunion Bone Fractures
• Oral and Maxillofacial Surgeries
• Others

End User Outlook (Revenue, USD Million, 2018 - 2028)

• Hospitals and Clinics
• Home Care Settings
• Academic Institutes & Research Centers
• Others

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Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Major Points covered in this report are as below:

• An analysis of Bone Growth Stimulator industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.

• In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.

• In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.

• This report provides information on the market status of Bone Growth Stimulator manufacturers and provides valuable insight into the market for companies and individuals.

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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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