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The bone growth stimulator market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Bone Growth Stimulator Market Report 2022 – https://www.thebusinessresearchcompany.com/report/bone-growth-stimulator-global-market-report

The Bone Growth Stimulator Market Size In 2022 And Forecast

The global bone growth stimulator market is expected to grow from $1.30 billion in 2021 to $1.36 billion in 2022 at a compound annual growth rate (CAGR) of 4.71%. The global bone growth stimulator market is expected to grow to $1.86 billion in 2026 at a compound annual growth rate (CAGR) of 8.14%.

The bone growth stimulator market consists of the sales of bone growth stimulator devices by entities (organizations, partnerships, and sole proprietors) that is used to boost bone healing for difficult to heal fractures or fusions through applying ultrasonic or electrical current to the fracture/fusion site.

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The Rising Number Of Bone Fractures Is Driving The Growth Of The Bone Growth Stimulator Market

For instance, an article published by the lancet healthy longevity in August 2021 stated, in 2019 there were 178 million new fracture cases, 455 million prevalent cases of acute or long-term fracture symptoms, and 258 million years lived with disability (YLD) fractures worldwide. Therefore, the rise in the number of bone fractures is expected to drive the bone growth stimulator market.

Competitive Landscape And The Regional Analysis Of The Bone Growth Stimulator Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the bone growth stimulator market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Bone Growth Stimulator Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the bone growth stimulator market.

Technological Advancement – A Key Trend In The Bone Growth Stimulator Market

Electrical Bone Growth Stimulation (EBGS) is a unique approach to accelerate healing and improve fusion success rates. Increased experience and widespread EBGS devices have led to significant advancements in stimulation paradigms and clinical outcomes.

Bone Growth Stimulator Market Segmentation By The Business Research Company

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, Spondylolisthesis
4) By End User: Hospitals and ASCs, Specialty Clinics, Home Care

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