Bone Growth Stimulator Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theBone Growth Stimulator Market?
The bone growth stimulators market is anticipated to grow substantially due to the increasing cases of bone fractures. Bone weakness, which usually comes with age, dietary practices, and other chronic ailments, can lead to these fractures. Excessive usage or recurrent movements can result in muscular fatigue and increased bone pressure, thus causing a bone fracture. For example, Amgen, an American biotechnology firm, released statistics in May 2022 indicating about 1.5 million fractures yearly in the United States due to osteoporosis, with related costs amounting to $19 billion. Furthermore, predictions point to a 68% surge in the number of fractures due to osteoporosis every year from 2018 to 2040, increasing from 1.9 million to 3.2 million. Thus, the bone growth stimulator market is set to expand due to the escalating instances of bone fractures.
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How Will the Growth Rate of theBone Growth Stimulator Market Impact Industry Trends by 2034?
In recent times, there has been a swift escalation in the bone growth stimulator market size. The market is expected to rise from $1.65 billion in 2024 and reach $1.82 billion in 2025 with a compound annual growth rate (CAGR) of 10.0%. The growth of this sector during the historic period can be linked to an aging population dealing with orthopedic conditions, enhanced awareness regarding non-invasive treatments, expansion in healthcare access, supportive reimbursement policies, a surge in demand for minimally invasive solutions, and a rise in orthopedic surgery incidence.
The market for bone growth stimulators is predicted to experience a rapid expansion in the coming years, reaching a market size of $2.66 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. This expected surge in the timeframe is linked to factors such as improved public consciousness, adoption of regenerative medicine, investments in healthcare infrastructure, broadening usage applications and indications, and favorable health policies. Emerging trends during the forecast period include the adoption of regenerative medicine, application of 3D printing technology, integration of wireless and IoT technologies for offsite patient supervision, an emphasis on patient-centric care, and an amplified use of telemedicine.
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What Are the Latest Innovations Influencing theBone Growth Stimulator Market?
The bone growth stimulators market is increasingly receiving influence from technological advancements. A prime example of this is the Electrical Bone Growth Stimulation (EBGS), a novel technique for improving healing rates and fostering successful fusions. The widespread utilization and extensive experience with EBGS devices have been the key factors for significant enhancement of stimulation protocols and clinical results. Notably, in May 2022, Orthofix Medical Inc., a US enterprise specializing in spinal, orthopedic, and bone development solutions, announced that the U.S. Food and Drug Administration (FDA) provided pre-market approval for their AccelStim bone healing therapy Class III device. The device, AccelStim, serves as a non-surgical treatment method for approved new fractures and fractures that are in the healing stage, also known as nonunions. The device boosts fracture healing by transmitting a Low-Intensity Pulsed Ultrasound (LIPUS) signal to aid the natural bone healing process.
Who Are the Major Industry Players Accelerating Growth in theBone Growth Stimulator Market?
Major companies operating in the bone growth stimulator market include Arthrex Inc., DJO Global Inc., Stryker Corporation, Bioventus LLC, Zimmer Biomet Holdings Inc., 3M Company, Becton Dickinson and Company, Cognionics Inc., ConMed Corporation, The Cooper Companies Inc., DyMedix Corporation, Koninklijke Philips N.V., Medtronic plc, Natus Medical Incorporated, Terumo Corporation, Orthofix Medical Inc., Ossatec Benelux BV, BTT Health GmbH, Stimulate Health Inc., ZimVie Inc., Enovis Inc., DePuy Synthes Inc., Smith & Nephew plc, BioTek Instruments Inc., BioMimetic Therapeutics Inc., Cerament, Cook Medical LLC, Curasan AG, Exactech Inc., Globus Medical Inc., Integra LifeSciences Corporation, Medartis AG, NuVasive Inc., OrthoPediatrics Corp., RTI Surgical Holdings Inc., Wright Medical Group N.V.
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Which Primary Segments of the Bone Growth Stimulator Market Are Driving Growth and Industry Transformations?
The bone growth stimulator market covered in this report is segmented –
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 & ASCs, Specialty Clinics, Home Care
Subsegments:
1) By Bone Growth Stimulation Devices: Electrical Bone Growth Stimulators, Ultrasound Bone Growth Stimulators, Magnetic Field Bone Growth Stimulators
2) By Bone Morphogenetic Proteins (BMP): BMP-2, BMP-7, Other BMP Variants
3) By Platelet-Rich Plasma (PRP) Therapy: Autologous PRP Therapy, Allogeneic PRP Therapy, PRP Preparation Kits
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theBone Growth Stimulator Market?# 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.
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