Bone Growth Stimulators Market is Projected to Grow Expeditiously: to Reach USD 3.3 Billion by 2030, Report

The bone growth stimulators market size was valued at $2.0 billion in 2020, and is estimated to reach $3.3 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

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Market Growth Factors:

1. Increasing Aging Population: The global aging population is prone to bone fractures and related conditions. As the elderly population continues to grow, the demand for bone growth stimulators is expected to rise.
2. Sports and Accidental Injuries: The rise in sports-related injuries and accidents is boosting the need for efficient bone fracture healing solutions, propelling market growth.
3. Growing Awareness: Greater awareness among patients and healthcare professionals about the benefits of bone growth stimulators is driving adoption.
4. Advancements in Healthcare Infrastructure: Developing healthcare infrastructure in emerging economies is expanding access to advanced medical devices, including bone growth stimulators.

Bone Growth Stimulators Market Players- 

• ZIMMER BIOMET HOLDINGS
• Essex Woodlands Healthcare Partners (Bioventus LLC)
• Arthrex
• Terumo Corporation
• JOHNSON and JOHNSON
• IGEA Pharma
• THERAGEN ETEX CO., LTD
• Manamed Inc
• Isto Biologics
• MEDTRONIC PLC.
• Orthofix Medical Inc.
• Colfax Corporation (DJO Global)
• STRYKER CORPORATION

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KEY FINDINGS OF STUDY

• On the basis of product, the bone growth stimulation devices segment held 51.6% share in the global market in 2020.
• By application, the spinal fusion surgeries segment held largest market share in 2020, and is expected to remain dominant throughout the forecast period.
• On the basis of distribution channel, the hospitals and clinics segment exhibits the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
• On the basis of region, North America is expected to experience largest market share during the forecast period. This was attributed to higher adoption of bone growth stimulator products, large presence of medical device companies, well developed healthcare infrastructure, and wide availability of bone growth stimulators drugs.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2021?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

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