Bone Growth Stimulation Devices Market - Global Industry Analysis
During the projected period, the market for bone growth stimulation devices is expected to expand by USD 10.80 billion, with a CAGR of 5.41 percent. Our market research examines the important markets and the variables that are expected to increase growth, as well as the barriers that must be overcome in order to achieve market success. The study also contains competitive benchmarking of the top market players and their product portfolios, as well as an analysis of important segments.
Market Research and Analysis:
Because of the COVID-19 pandemic, the worldwide Bone Growth Stimulation Devices market is expected to be worth USD 1718.9 million in 2022, and USD 2268.2 million by 2028, with a CAGR of 4.7 percent over the study period. Taking into account the economic impact of the health crisis, Inductive Coupling Therapy, which accounted for percent of the global market for Bone Growth Stimulation Devices in 2021, is expected to reach USD million by 2028, rising at a revised percent CAGR in the post-COVID-19 period. During the projected period, the Spinal Fusion Surgeries segment is changed to a percent CAGR.
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North America will lead market growth throughout the projection period for bone growth stimulation devices.
• North America is expected to contribute 40% of market growth throughout the projection period, according to our Geographical Segmentation. The contribution of all regional divisions to the growth of the bone growth stimulation devices market size is accurately predicted in this analysis.
• The increasing number of orthopaedic disorders and surgical cases is expected to fuel market expansion. This study examines all of the trends that are anticipated to have an impact on the growth of particular market segments as well as the overall market. Clients will have all the information they need to plan COVID-19 recovery and growth strategies with these insights.
• The market is divided into two categories: external and internal products, as well as geography (North America, Europe, Asia, and ROW).
Competitive Landscape for Bone Growth Stimulation Devices
Some of the leading vendors in this market are ams Bioventus LLC, BTT Health GmbH, Colfax Corp., Fintek Bio Electric Inc., IGEA Spa, Medtronic Plc, Orthofix Medical Inc., Ossatec Benelux Ltd., Stimulate Health Inc., and Zimmer Biomet Holdings Inc.. The market is concentrated and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bioventus LLC, BTT Health GmbH, Colfax Corp., Fintek Bio Electric Inc., IGEA Spa, Medtronic Plc, Orthofix Medical Inc., Ossatec Benelux Ltd., Stimulate Health Inc., and Zimmer Biomet Holdings Inc.are some of the most important market players. The market is crowded, and the success of the companies is determined by a variety of factors, including market conditions, government backing, and industrial development. Players must differentiate their product and service offerings through clear and unique value propositions to survive and prosper in such a fiercely competitive industry.
Market Segmentation by Product:
● Inductive Coupling Therapy
● Capacitive Coupling Therapy
● Combined Therapy
Market Segmentation by Application:
● Spinal Fusion Surgeries
● Delayed Union and Nonunion Bone Fractures
● Others
Trends, Drivers, and Challenges in the Bone Growth Stimulation Devices Market
• The research also includes a full impact analysis of major trends, drivers, and challenges that are expected to have an impact on market growth over the projection period. Clients will be able to build a growth strategy for their business and operations using these insights.
• The expansion of the Bone Growth Stimulation Devices Market will be fueled by an increase in orthopaedic disorders and surgical cases.
• During the projection period, bone deterioration in the senior population will be a major driver of market growth.
• The high cost of bone growth stimulation devices and associated procedures is a roadblock that must be overcome.
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