Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.42 Billion | USD 1.96 Billion | 5.6% | 2022 |
FrequentlyAsked Questions
Bone growth stimulation promotes bone healing in difficult-to-heal fractures or fusions by administering an ultrasonic or electrical current to the fracture site. This is done by an electrical osteogenesis stimulator, it’s a device that stimulates bone regeneration via electrical stimulation. Electrical stimulation can be administered from the outside (noninvasive) or the interior of the body (invasive).
High demand for minimally invasive treatments boosting the market growth. Because of the benefits offered by non-invasive and minimally invasive treatments over standard treatment techniques, there has been a huge growth in demand for them.
According to the Zion Market Research report, the global bone growth stimulators market was worth about USD 1.42 billion in 2022 and is estimated to grow to about USD 1.96 billion by 2030.
The global bone growth stimulators market is expected to grow at a compound annual growth rate (CAGR) of approximately 5.6 percent over the forecast period.
North America has the highest share of the bone growth stimulators market. North America's significant market share is owing to well-developed healthcare structure and medical reimbursement system in the United States and Canada. Along with that, increased physician and patient knowledge of novel treatment techniques and technologies in the United States and Canada is also supporting the regional market growth.
Key players in the global bone growth stimulator market include Orthofix Medical, Inc., Zimmer Biomet, DJO Finance, LLC, Stryker, Bioventus LLC, Medtronic plc, Arthrex, Inc., DePuy Synthes, Isto Biologics, Ember Therapeutics, Inc., Terumo Corporation, Altis Biologics (Pty) Ltd., Ossatec Benelux Ltd., Regen Lab SA, Elizur Corporation, ITO Co., Ltd., and BTT Health GmbH.
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