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Research report explores the bone growth stimulator market forecast to 2024

Medical Market Research

Bone development stimulator is a sort of treatment which is used as a piece of cases of postponement or disappointment of break recuperating as they update the bone-mending process without the vibe of electrical streams or vibrations when worn by the customer in quicker way. Bone advancement stimulators devices work by releasing either a low-level beat ultrasonic imperativeness or beat electromagnetic field as it helps in repairing the harmed tissues and cell development.

The Global Bone Growth Stimulator Market accounted to USD 1.01 billion in 2016 growing at a CAGR of 5.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Also the 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, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.

Bone growth stimulator is a type of therapy which is utilized as a part of instances of delay or failure of fracture healing as they upgrade the bone-healing process without the vibe of electrical currents or vibrations when worn by the client in faster way.

Bone development stimulators gadgets work by discharging either a low-level pulsed ultrasonic vitality or beat electromagnetic field as it helps in repairing the damaged tissues and cell formation.

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MAJOR MARKET DRIVERS AND RESTRAINTS:

  • Rising preference towards non-invasive methods
  • Growing investment opportunities
  • Increasing number of patients related to bone related problems

Market Segmentation: Global Bone Growth Stimulator Market

  • On the basis of product, global bone growth stimulator market is segmented into device, boner morphogenetic protein and Platelet Rich Plasma (PRP). In 2016, the devices segment accounted the largest market share due to increase in rising population and non-surgical treatment methods.
  • On the basis of application, global bone growth stimulator market is segmented into spinal fusion, delay union & non-union bone fracture, and oral-maxillofacial. In 2016, spinal fusion segment has accounted the largest market share due to the continuous use of bone growth stimulator products and rise in aging population.
  • On the basis of end user, global bone growth stimulator market is segmented into hospitals, homecare, academia and CROs. Hospital segment is expected to witness the highest CAGR in the forecast period 2017-2024.

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Competitive Analysis: Global Bone Growth Stimulator Market

The global bone growth stimulator market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes bone growth stimulator market shares for global, Europe, North America, Asia Pacific, and South America.

Major Market Competitors: Global Bone Growth Stimulator Market

Some of the major players of the bone growth stimulator market are Orthofix Holdings, Inc, Bioventus, DJO Finance LLC, Medtronic, Zimmer Biomet, Ossatec Benelux BV, IGEA S.p.A., Stryker, Arthrex, Inc., DePuySynthes Companies, elizur corporation, Isto Biologics, Ember Therapeutics, Altis Biologics, Regen Lab, SA., Verve Consulting, Smith & Nephew Plc., Harvest Technologies Corporation and Aetna, Inc. among others.

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