Product Code: PM3067
The global bone growth stimulator market size is expected to reach USD 3.33 billion by 2032, according to a new study by Polaris Market Research. The report "Bone Growth Stimulator Market Share, Size, Trends, Industry Analysis Report, By Product Type; By Application; By End-Use (Hospital & Ambulatory Surgical Centers, Home care, Academic and Research Institutes, Others); By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The bone growth stimulators market is experiencing growth primarily due to several key factors, including the increasing aging population, a rise in the incidence of fractures and accidents, a growing prevalence of arthritis, an increase in the number of cases of medical conditions like diabetes, obesity, vascular disease, and renal disorders. The trend toward minimally non-invasive and invasive surgical treatments also contributes to the market's growth. All these factors are expected to continue to drive the growth of the bone growth stimulators market in the coming years.
In addition, the market's overall growth is driven by technological advancements, increasing investment in research and development, and the growing demand for non-invasive treatment options.
In recent years, advancements in bone growth stimulation technology have increased the adoption of bone growth stimulators in several segments. This trend is expected to continue as more patients seek minimally invasive surgical procedures, and the demand for bone growth stimulators grows.
Bone Growth Stimulator Market Report Highlights:
The bone growth stimulation devices segment accounted for the highest revenue share due to the increasing prevalence of orthopedic conditions and sports injuries and the growing use of bone growth stimulation devices.
The spinal Fusion Surgeries segment dominated the market in 2022, mainly driven by a rising incidence of spinal disorders, such as degenerative disc disease and spinal stenosis, which is driving the growth of the spinal fusion surgeries segment.
The hospital & ambulatory surgical centers segment held a significant market share and is likely to continue its dominance over the anticipated period due to the increasing demand for minimally invasive surgeries and the cost-effectiveness of outpatient procedures.
North America accounted for the largest market share in 2022 and is likely to maintain its dominance over the projected period due to the presence of key market players, increasing healthcare expenditure, growing patient awareness, and increasing the number of bone disorders.
The global key market players include THERAGEN ETEX CO., LTD, Manamed Inc, Arthrex, Terumo Corporation, Orthofix Medical Inc., Essex Woodlands Healthcare Partners (Bioventus LLC), Isto Biologics, IGEA Pharma ZIMMER BIOMET HOLDINGS, MEDTRONIC PLC., DJO Global, STRYKER CORPORATION, JOHNSON, and JOHNSON.
Polaris Market Research has segmented the bone growth stimulator market report based on product type, application, end-use, and region:
Bone Growth Stimulator, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
Bone Growth Stimulation Devices
External Bone Growth Stimulators
Ultrasonic Bone Growth Stimulators
Implanted Bone Growth Stimulators
Bone Morphogenetics Proteins
Platelet Rich Plasma
Bone Growth Stimulator, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Spinal Fusion Surgeries
Delayed union & Non-union Bone Fractures
Oral & Maxillofacial Surgeries
Others
Bone Growth Stimulator, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Hospital & Ambulatory Surgical Centers
Home care
Academic and Research institutes
Others
Bone Growth Stimulator, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Bone Growth Stimulator Market Insights
- 4.1. Bone Growth Stimulator Market - End-Use Snapshot
- 4.2. Bone Growth Stimulator Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising number of hospital and surgical centers
- 4.2.1.2. Increasing target patient population
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High treatment cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Bone Growth Stimulator Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Bone Growth Stimulator Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 5.3. Bone Growth Stimulation Devices
- 5.3.1. Global Bone Growth Stimulator Market, by Bone Growth Stimulation Devices, by Region, 2019-2032 (USD Billion)
- 5.3.2. External Bone Growth Stimulators
- 5.3.2.1. Global Bone Growth Stimulator Market, by External Bone Growth Stimulators, by Region, 2019-2032 (USD Billion)
- 5.3.2.2. Ultrasonic Bone Growth Stimulators
- 5.3.2.2.1. Global Bone Growth Stimulator Market, by Ultrasonic Bone Growth Stimulators, by Region, 2019-2032 (USD Billion)
- 5.3.2.3. Implanted Bone Growth Stimulators
- 5.3.2.3.1. Global Bone Growth Stimulator Market, by Implanted Bone Growth Stimulators, by Region, 2019-2032 (USD Billion)
- 5.4. Bone Morphogenetics Proteins
- 5.4.1. Global Bone Growth Stimulator Market, by Bone Morphogenetics Proteins, by Region, 2019-2032 (USD Billion)
- 5.5. Platelet Rich Plasma
- 5.5.1. Global Bone Growth Stimulator Market, by Platelet Rich Plasma, by Region, 2019-2032 (USD Billion)
6. Global Bone Growth Stimulator Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 6.3. Spinal Fusion Surgeries
- 6.3.1. Global Bone Growth Stimulator Market, by Spinal Fusion Surgeries, by Region, 2019-2032 (USD Billion)
- 6.4. Delayed union & Non-union Bone Fractures
- 6.4.1. Global Bone Growth Stimulator Market, by Delayed union & Non-union Bone Fractures, by Region, 2019-2032 (USD Billion)
- 6.5. Oral & Maxillofacial Surgeries
- 6.5.1. Global Bone Growth Stimulator Market, by Oral & Maxillofacial Surgeries, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Bone Growth Stimulator Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Bone Growth Stimulator Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Hospital & Ambulatory Surgical Centres
- 7.3.1. Global Bone Growth Stimulator Market, by Hospital & Ambulatory Surgical Centres, By Region, 2019-2032 (USD Billion)
- 7.4. Home care
- 7.4.1. Global Bone Growth Stimulator Market, by Home care, By Region, 2019-2032 (USD Billion)
- 7.5. Academic and Research institutes
- 7.5.1. Global Bone Growth Stimulator Market, by Academic and Research institutes, By Region, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. Global Bone Growth Stimulator Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Bone Growth Stimulator Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Bone Growth Stimulator Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Bone Growth Stimulator Market - North America
- 8.3.1. North America: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Bone Growth Stimulator Market - U.S.
- 8.3.4.1. U.S.: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Bone Growth Stimulator Market - Canada
- 8.3.5.1. Canada: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4. Bone Growth Stimulator Market - Europe
- 8.4.1. Europe: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Bone Growth Stimulator Market - UK
- 8.4.4.1. UK: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Bone Growth Stimulator Market - France
- 8.4.5.1. France: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Bone Growth Stimulator Market - Germany
- 8.4.6.1. Germany: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Bone Growth Stimulator Market - Italy
- 8.4.7.1. Italy: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Bone Growth Stimulator Market - Spain
- 8.4.8.1. Spain: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Bone Growth Stimulator Market - Netherlands
- 8.4.9.1. Netherlands: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Bone Growth Stimulator Market - Russia
- 8.4.10.1. Russia: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5. Bone Growth Stimulator Market - Asia Pacific
- 8.5.1. Asia Pacific: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Bone Growth Stimulator Market - China
- 8.5.4.1. China: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Bone Growth Stimulator Market - India
- 8.5.5.1. India: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Bone Growth Stimulator Market - Malaysia
- 8.5.6.1. Malaysia: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Bone Growth Stimulator Market - Japan
- 8.5.7.1. Japan: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Bone Growth Stimulator Market - Indonesia
- 8.5.8.1. Indonesia: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Bone Growth Stimulator Market - South Korea
- 8.5.9.1. South Korea: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.6. Bone Growth Stimulator Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Bone Growth Stimulator Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Bone Growth Stimulator Market - UAE
- 8.6.5.1. UAE: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Bone Growth Stimulator Market - Israel
- 8.6.6.1. Israel: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Bone Growth Stimulator Market - South Africa
- 8.6.7.1. South Africa: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.7. Bone Growth Stimulator Market - Latin America
- 8.7.1. Latin America: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Bone Growth Stimulator Market - Mexico
- 8.7.4.1. Mexico: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Bone Growth Stimulator Market - Brazil
- 8.7.5.1. Brazil: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Bone Growth Stimulator Market - Argentina
- 8.7.6.1. Argentina: Bone Growth Stimulator Market, by Product Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Bone Growth Stimulator Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Bone Growth Stimulator Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. MEDTRONIC PLC
- 10.1.1. Company Overview
- 10.1.2. Financial PerApplicationance
- 10.1.3. Application Benchmarking
- 10.1.4. Recent Development
- 10.2. DJO Global
- 10.2.1. Company Overview
- 10.2.2. Financial PerApplicationance
- 10.2.3. Application Benchmarking
- 10.2.4. Recent Development
- 10.3. STRYKER CORPORATION
- 10.3.1. Company Overview
- 10.3.2. Financial PerApplicationance
- 10.3.3. Application Benchmarking
- 10.3.4. Recent Development
- 10.4. JOHNSON and JOHNSON
- 10.4.1. Company Overview
- 10.4.2. Financial PerApplicationance
- 10.4.3. Application Benchmarking
- 10.4.4. Recent Development
- 10.5. Essex Woodlands Healthcare Partners (Bioventus LLC)
- 10.5.1. Company Overview
- 10.5.2. Financial PerApplicationance
- 10.5.3. Application Benchmarking
- 10.5.4. Recent Development
- 10.6. Isto Biologics
- 10.6.1. Company Overview
- 10.6.2. Financial PerApplicationance
- 10.6.3. Application Benchmarking
- 10.6.4. Recent Development
- 10.7. IGEA Pharma
- 10.7.1. Company Overview
- 10.7.2. Financial PerApplicationance
- 10.7.3. Application Benchmarking
- 10.7.4. Recent Development
- 10.8. THERAGEN ETEX CO., LTD
- 10.8.1. Company Overview
- 10.8.2. Financial PerApplicationance
- 10.8.3. Application Benchmarking
- 10.8.4. Recent Development
- 10.9. Manamed Inc
- 10.9.1. Company Overview
- 10.9.2. Financial PerApplicationance
- 10.9.3. Application Benchmarking
- 10.9.4. Recent Development
- 10.10. Arthrex
- 10.10.1. Company Overview
- 10.10.2. Financial PerApplicationance
- 10.10.3. Application Benchmarking
- 10.10.4. Recent Development
- 10.11. Terumo Corporation
- 10.11.1. Company Overview
- 10.11.2. Financial PerApplicationance
- 10.11.3. Application Benchmarking
- 10.11.4. Recent Development
- 10.12. Orthofix Medical Inc
- 10.12.1. Company Overview
- 10.12.2. Financial PerApplicationance
- 10.12.3. Application Benchmarking
- 10.12.4. Recent Development
- 10.13. ZIMMER BIOMET HOLDINGS
- 10.13.1. Company Overview
- 10.13.2. Financial PerApplicationance
- 10.13.3. Application Benchmarking
- 10.13.4. Recent Development