The Bone Growth Stimulator Market was estimated at USD 1.04 Billion in 2021 and is projected to reach USD 1.39 Billion by 2028, growing at a CAGR of 4.2% over the analysis period.
Bones are connected with muscles and joints to hold the body together and support freedom of movement. This unison is called the musculoskeletal system. The skeleton protects vital internal organs such as the brain, heart, and lungs as well supports and shapes the body. Bones are made of calcium, magnesium, and phosphorous. Bones play an important role in our day-to-day activities, however, after a bone injury occurs it takes time for bones to repair on their own. Bone growth stimulation represents a therapy that assists in bone healing after a fracture and spinal fusion surgical process.
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The report provides comprehensive details about demand forecasts, market trends, and both micro and macro indicators. The Bone Growth Stimulator market report also gives information about the factors that are making this market grow and the objects that are holding it back. Using tools like Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Bone Growth Stimulator market, the report provides details about the market. The research also depicts current market trends and gives forecasts for 2022–2028. We've also highlighted future developments in the market that will affect the demand during the period of the forecast. Also, the competitive analysis for each regional market indicates how much of the market the top players have. We gathered information from Bone Growth Stimulator manufacturers or service providers, distributors, end users, industry associations, government-industry bureaus, industry publications, third-party databases, and our databases, which were evaluated by industry experts.
Top Key Players In The Bone Growth Stimulator Market:
- Arthrex Inc. (US)
- Terumo Corporation (Japan)
- Bioventus Inc. (US)
- Medtronic plc (Ireland)
- Orthofix International N.V (US)
- DePuy Synthes Companies (US)
- Synergy Orthopedics (US)
- Elizur Corporation (US)
- Ossatec Benelux B.V. (Netherlands)
- DJO LLC (US)
- Stryker Corporation (US)
- Zimmer Biomet Holdings Inc. (US) and other major players.
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Market segmentation
By Product
- Device
- Bone Morphogenetic Protein
- Platelet-Rich Plasma
- Others
By Application
- Spinal Fusion Surgeries
- Oral Maxillofacial Surgeries
- Union Non-Union Bone Fractures
- Others
Regional Analysis for COVID-19 Outbreak-Global Bone Growth Stimulator Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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COVID-19 Impact on Bone Growth Stimulator Market:
Surgical specialties face new challenges due to the rapid spread of SARS-COV-2 (COVID-19). These disruptions made clinicians widely consider non-operative treatment options to help manage patient symptoms and offer therapeutic care instead of the traditional surgical management of the given disorder. Most of the healthcare systems around the globe were overfilled with COVID-19 patients. Moreover, to curb the spread of the virus, most non-elective bone surgical procedures were postponed. The manufacturing of devices required for bone growth stimulators was halted due to the unavailability of laborers. In addition, there was a shortage of raw materials required for the production of devices. The consequences of the COVID-19 pandemic and the restricted elective capacity during the initial harsh restrictions may become more apparent shortly in the form of longer treatment waits, which could result in illness worsening and higher mortality owing to delayed diagnosis and treatment. To summarize, the COVID-19 pandemic severely affected the treatment procedures of bones utilizing bone growth stimulators.
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