Bone Growth Stimulator Market Size
Medical Equipment

Bone Growth Stimulator Market Forecast 2023-2032: Size, Key Players And Segments

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest bone growth stimulator market share, and Asia-Pacific was the fastest-growing region in 2022.

The global bone growth stimulator market is expected to grow from $1.37 billion in 2022 to $1.47 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The bone growth stimulator market size is expected to grow to $2.04 billion in 2027 at a CAGR of 8.5%.

Major Driver In The Bone Growth Stimulator Market ­– Rise In Number Of Bone Fractures
For example, Amgen, a biopharmaceutical company based in the United States, stated in May 2022 that osteoporosis causes around 1.5 million fractures in the United States each year, resulting in $19 billion in associated costs. Furthermore, from 2018 to 2040, the number of osteoporotic fractures is expected to grow by 68% every year, from 1.9 million to 3.2 million. As a result, the increase in bone fractures is likely to fuel the bone growth stimulator market.

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Key Bone Growth Stimulator Market Segments
1) By Type: Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Rich Plasma (PRP) Therapy
2) By Type Of Use: Implantable Device, External Device
3) By Application: Fractures, Spinal Fusion, Osteogenesis, Arthrodesis Treatment, Spondylolithesis
4) By End User: Hospitals & ASCs, Speciality Clinics, Home Care

Recent Bone Growth Stimulator Market Trend – Technological Advancement
Electrical Bone Growth Stimulation (EBGS) is a novel method for accelerating healing and increasing fusion success rates. Increased experience and the broad availability of EBGS devices have resulted in considerable advances in stimulation paradigms and therapeutic outcomes. For example, in February 2020, Orthofix, a US-based medical device company, announced FDA approval for the use of technologically advanced bone growth stimulators known as STIM onTrackTM mobile app version 2.1 that works with the Orthofix Bone Growth Therapy devices, allowing patients to remotely communicate with their doctor about their quality of life and functional well-being.

Bone Growth Stimulator Market Prominent Players
Major players in the bone growth stimulator market are Arthrex Inc., DJO Global Inc., Stryker Corporation, Bioventus Inc., Zimmer Biomet Holdings Inc., Medtronic plc, Orthofix Holdings Inc., Depuy Synthes, Terumo BCT Inc., Isto Biologics, Johnson & Johnson, Ossatec Benelux BV, Elizur Corporation, ITO Co. Ltd., BTT Health GmbH, Stimulate Health, Kinex Medical Company LLC, Fintek Bio-Electric Inc., Regen Lab SA and Altis Biologics (Pty) Ltd.

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The Bone Growth Stimulator Global Market Report 2023  provides a comprehensive overview on the bone growth stimulator market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bone growth stimulator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The bone growth stimulator is an electrical osteogenesis stimulator that is used to promote natural bone fusion following a fracture. The goal of BGS is to deliver additional energy to the mending bone surface using pulsed electromagnetic or ultrasound. The electromagnetic field attracts the two oppositely charged ends of the bones to each other, resulting in healing by stimulating new bone formation and fusion. The bone growth stimulator promotes bone healing in difficult-to-heal fractures or fusions by administering ultrasonic or electrical current to the fracture/fusion site.

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