Global Bone Growth Stimulator Market By Product (Device, Boner Morphogenetic Protein, PRP), Application, End Use, Geography – Industry Trends and Forecast to 2024
According to Data Bridge Market Research upcoming Market report “Global Bone Growth Stimulator Market, By Product (Device, Boner Morphogenetic Protein, PRP);Application (Spinal Fusion, Delay Union & Non-union Bone Fracture, Oral-maxillofacial); End User (Hospitals, Home Care, Academia, CROs);Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Trends and Forecast to 2024”, the global bone growth stimulator market accounted to USD 1.01 billion in 2016 at a CAGR of 5.70% during the forecast period of 2017 to 2024.
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Bone growth stimulator market is basically driven by the factors such as increasing growthof aged population and rise of chronic diseases such as diabetes, obesity, smoking and many more which creates more delays in the bone healing process after surgery. For instance, according to World Health Organization, in 2014, more than 1.9 billion adults in the age bracket of 18 and above were overweight of which 600 million people were obese and it was 688 million in the age group from 60 and above and is projected to grow to almost 2.0 billion by 2050.
Due to the rising prevalence of non-invasive treatment, which is considered as a conservative process and is also preferred by people, is increasing the growth for this market.Another factor such as increasing use of bone growth stimulator product by the sports medicine industry and rise in disposable income are also fueling up the demand for this market.
Global Bone Growth Stimulator Market – Market Segmentation:
The global bone growth stimulator market is segmented on the basis of product, applications, and end user.
- o Devices
- o Boner morphogenetic protein
- o PRP
- o Spinal Fusion
- o Delayed Union and Non Union Bone Fractures
- o Oral Maxillofacial
- o Hospitals
- o Home care
- o Academia
- o CROs
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Global Bone Growth Stimulator Market– Geographical Segmentation:
Based on geography the global bone growth stimulator market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Global Bone Growth Stimulator Market– Competitive Landscape:
The Global Bone Growth Stimulator Market Report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. The report includes market shares of prefilled syringes market for global, Europe, North America, Asia Pacific and South America.
Some of the major players operating in this market are
- Orthofix Holdings, Inc.
- DJO Finance LLC
- Zimmer Biomet
- Ossatec Benelux BV
- IGEA S.p.A.
- Arthrex, Inc.
- DePuySynthes Companies
- Elizur Corporation
- Isto Biologics
- Ember Therapeutics
- Altis Biologics
- Regen Lab, SA.
- Verve Consulting
- Smith & Nephew Plc.
- Harvest Technologies Corporation
- Aetna, Inc.
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