About Bone Growth Stimulator
Bone growth stimulator is a technology that helps promote faster bone healing in difficult to heal fractures or fusion. in this, the pain-free electrical or ultrasonic current is applied to the fracture/fusion site that promotes bone growth. These stimulators emit a pulsed ultrasonic or electromagnetic impulse to the affected area where bone healing should occur. Bone growth stimulators are of two types involving internal bone growth stimulators and external bone growth stimulators. External bone growth stimulators are portable devices that can be worn on the outside of the body and internal bone growth stimulators are surgically implanted. Bone growth stimulators come in a variety of shapes, sizes, and technologies. The new technologically advanced bone growth stimulators are attached near the site of the fracture or fusion with a small battery pack and worn for a period of time every day that may last minutes or hours.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Bone Growth Stimulator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ossatec Benelux Ltd. (Netherlands), DJO Finance LLC (United States), Zimmer Biomet Holdings Inc. (United States), Orthofix International N.V. (United States), Arthrex Inc. (United States), Isto Biologics (United States), Bioventus LLC (United States), Medtronic PLC (United States), Stryker Corporation (United States), Ember Therapeutics Inc. (United States), Regen Lab SA (Switzerland) and Altis Biologics (Pty) Ltd. (South Africa) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ideal Health Care LLC (United States), BioDynamic Technologies (United States) and NuLife Med, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Bone Growth Stimulator market by , Application (Spinal Fusion, Delay Union & Non-union Bone Fracture, Oral-maxillofacial and Other Applications) and Region.
On the basis of geography, the market of Bone Growth Stimulator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Stimulators, the sub-segment i.e. Internal Bone Growth Stimulators will boost the Bone Growth Stimulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Bone Growth Stimulation Devices will boost the Bone Growth Stimulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Bone Growth Stimulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Bone Growth Stimulator with Advanced Technology
Market Growth Drivers:
Increased Adoption of Minimally Invasive Surgical Treatments and Development of New Diagnostic Centres and Hospitals in Developing Regions
Challenges:
Limitations Associated with Bone Growth Stimulator Treatment
Restraints:
High Treatment Cost Associated with Bone Growth Stimulators
Opportunities:
Growing Target Population Worldwide and Growth in the Healthcare Industry Worldwide
Market Leaders and their expansionary development strategies
On December 12, 2023, Orthohealing Technologies, Inc. received FDA clearance for its VertiFix Bone Growth Stimulator System, intended for treating osteopenic fractures of the distal radius (wrist). This clearance marks a significant milestone for the company and expands its product portfolio in the bone growth stimulation market.
Key Target Audience
Bone Growth Stimulator Product Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.