2025 Global Bone Growth Stimulator Market Report: Key Drivers, Size, and Leading Segments
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What Growth Rate is the Bone Growth Stimulator Market Anticipated to Experience from 2025-2034?
The market size for bone growth stimulators has seen considerable expansion in the past few years. The projection is that it will escalate from $1.65 billion in 2024 to $1.82 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth experienced during the historic period is the result of several factors including an aging population and prevalent orthopedic conditions, the increasing popularity of non-invasive treatments, improved healthcare access and favorable reimbursement policies, increased inclination towards minimally invasive solutions and a rise in the incidence of orthopedic surgeries.
Over the next few years, the bone growth stimulator market is anticipated to experience a rapid expansion. It is projected to reach $2.66 billion in 2029, with a compound annual growth rate of 10.0%. The growth during this forecast period can be credited to numerous factors such as increased public knowledge, the adoption of regenerative medicine, investments in healthcare infrastructure, growing applications and indications, and favourable healthcare policies. Furthermore, the forecast period will witness key trends like the incorporation of regenerative medicine, the adaptation of 3D printing technology, the inclusion of wireless and internet of things (iot) for distant patient monitoring, the emphasis on patient-centric care, and the surge in the use of telemedicine.
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What Are the Major Factors Contributing to the bone growth stimulator Market Expansion?
The bone growth stimulators market is projected to expand significantly due to the escalating count of bone fractures. Various factors such as aging, dietary practices, and chronic illnesses can cause weakening of the bones. Excessive use or repetitive actions may exhaust muscles and exert additional pressure on the bones, resulting in a fracture. For example, in May 2022, American biotech giant Amgen disclosed that osteoporosis contributes to approximately 1.5 million fractures every year in the United States, leading to a financial burden of $19 billion. Furthermore, forecasts suggest that osteoporotic fractures per annum will surge by 68% from 1.9 million to 3.2 million between 2018 to 2040. Hence, the escalating incidence of bone fractures is anticipated to fuel the expansion of the bone growth stimulator market.
Which Key Segments Shape the Bone Growth Stimulator Market?
The bone growth stimulator market covered in this report is segmented – _x000D_
_x000D_
1) By Type: Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Rich Plasma (PRP) Therapy_x000D_
2) By Type Of Use: Implantable Device, External Device_x000D_
3) By Application: Fractures, Spinal Fusion, Osteogenesis, Arthrodesis Treatment, Spondylolisthesis_x000D_
4) By End User: Hospitals & ASCs, Specialty Clinics, Home Care_x000D_
_x000D_
Subsegments:_x000D_
1) By Bone Growth Stimulation Devices: Electrical Bone Growth Stimulators, Ultrasound Bone Growth Stimulators, Magnetic Field Bone Growth Stimulators _x000D_
2) By Bone Morphogenetic Proteins (BMP): BMP-2, BMP-7, Other BMP Variants _x000D_
3) By Platelet-Rich Plasma (PRP) Therapy: Autologous PRP Therapy, Allogeneic PRP Therapy, PRP Preparation Kits
What Are the Transformative Trends Influencing the Bone Growth Stimulator Market?
The bone growth stimulators market is experiencing a surge in popularity due to technological progression. Electrical Bone Growth Stimulation (EBGS) stands out as a distinctive method to enhance healing and improve the success of fusion. The increasing sophistication and broader application of EBGS devices have led to significant improvements in stimulation paradigms and clinical results. For instance, Orthofix Medical Inc., a US-based manufacturer specializing in spinal and orthopedic bone development solutions, announced in May 2022 that the U.S. Food and Drug Administration (FDA) gave pre-market approval to the AccelStim bone healing therapy Class III device. This device provides an alternation to surgery for approved new fractures and those that are still healing (nonunions). The AccelStim device aids the bone’s natural healing procedure by delivering a Low-Intensity Pulsed Ultrasound (LIPUS) signal to enhance fracture healing.
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What Regions Are Leading the Growth Trajectory of the Bone Growth Stimulator Market?
North America was the largest region in the bone growth stimulator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bone growth stimulator market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Bone Growth Stimulator Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the bone growth stimulator market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Bone Growth Stimulator Market Include
1. Bone Growth Stimulator Market Executive Summary
2. Bone Growth Stimulator Market Segments
3. Bone Growth Stimulator Market Size And Template Market Growth Rate
4. Key Bone Growth Stimulator Market Trends
5. Major Bone Growth Stimulator Market Drivers
……
25. Key Mergers And Acquisitions In The Bone Growth Stimulator Market
26. Top Bone Growth Stimulator Companies
27. Bone Growth Stimulator Market Opportunities And Strategies
28. Bone Growth Stimulator Market, Conclusions And Recommendations
29. Appendix
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