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Latin America Bone Growth Stimulators Market Research Report - Segmented By Product, By Application, By End User, By Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 2625
Pages: 145

Latin America Bone Growth Stimulators Market Size (2022 to 2027)

The size of the Latin America Bone Growth Stimulators Market is predicted to be USD 0.11 billion in 2022 and USD 0.14 Billion by 2027, growing at a CAGR of 4.19% from 2022 to 2027.

Bone growth stimulators are used to make up for the delay in fracture healing. They speed up the bone-healing without causing any electrical shocks when used. An internal bone growth stimulator is kept on the fusion site of the bone for about 6 to 12 months, and it releases small electrical currents. External bone growth stimulator is worn externally and does not need any surgical implantation. Therefore, the market is estimated to grow at a significant potential during the specified period and in the following years.

The Latin America Bone-growth stimulators market is expected to be fuelled by stabilizing the economy, growing population, increasing incidences of arthritis and injuries caused by sports, and rising demand for non-invasive spinal surgery techniques.

However, factors such as the easy availability of other treatments, doubtful efficiency, problems in the medical device, lack of awareness, lack of government support, and competition from bone grafting act as restraints for the growth of the bone growth stimulators market.

This research report on the Latin America Bone Growth Stimulators Market has been segmented and sub-segmented into the following categories:

By Product: 

  • Bone Growth Stimulation Devices
    • External
    • Implanted
    • Ultrasonic
  • Bone Morphogenetic Proteins (BMP)
  • Platelet-rich Plasma (PRP)

By Application: 

  • Spinal Fusion Surgeries
  • Delayed Union & Non-union Bone Fractures
  • Oral and Maxillofacial Surgeries
  • Other Applications

By End User: 

  • Hospitals and Clinics
  • Home Care
  • Academic & Research Institutes
  • CROs

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, the Latin American market is anticipated to account for a moderate share in the global bone growth stimulators market during the forecast period. The market growth in the region is attributed to the rising patient preference for non-invasive and minimally invasive surgical treatments, the increasing number of sports and accident-related orthopedic injuries across Latin America. Also, increasing investment and funding by the government and private organizations to develop healthcare infrastructure is encouraging market growth. However, developing countries such as Brazil and Mexico are majorly contributing to the Latin American bone growth stimulator market.

The Brazilian market dominated the Latin American bone growth stimulator market, and it is likely to continue its growth throughout the forecast period. The rising number of road accidents and trauma cases, rising demand for the minimally invasive procedure, and increasing healthcare expenditure are propelling the market growth. In addition, the major companies in the region are implementing various strategies to be competent in the marketplace, as the strategies include partnerships, mergers, acquisitions, and so on.

On the other hand, Mexico is more likely to witness a considerable share in the Latin American Bone Growth Stimulators Market during the forecast period. The bone growth stimulators market is driven primarily by the number of procedures performed for fracture fixation and spinal fusion.

KEY MARKET PLAYERS:

A few prominent companies operating in the Latin America Bone Growth Stimulators Market profiled in this report are DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                   

               1.3 Base Currency, Base Year and Forecast Periods                           

               1.4 General Study Assumptions                  

2. Research Methodology                                          

               2.1 Introduction               

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation   

               2.3 Analysis Design                         

               2.4 Study Timeline                          

3. Overview                                     

               3.1 Executive Summary                 

               3.2 Key Inferences                          

               3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                        

               4.1 Market Drivers                         

               4.2 Market Restraints                    

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market                 

5. Market Segmentation                              

               5.1 Product                       

                              5.1.1 Introduction           

                              5.1.2 Bone Growth Stimulation Devices   

                                             5.1.2.1 External Bone Growth Stimulators

                                             5.1.2.2 Implanted Bone Growth Stimulators

                                             5.1.2.3 Ultrasonic Bone Growth Stimulators

                              5.1.3 Bone Morphogenetic Proteins         

                              5.1.4 Platelet-rich Plasma             

                              5.1.5  Y-o-Y Growth Analysis, By Product 

                              5.1.6  Market Attractiveness Analysis, By Product

                              5.1.7  Market Share Analysis, By Product 

               5.2 Application                 

                              5.2.1 Introduction           

                              5.2.2 Spinal Fusion Surgeries        

                              5.2.3 Delayed Union & Nonunion Bone Fractures 

                              5.2.4 Other Applications

                              5.2.5 Y-o-Y Growth Analysis, By Application          

                              5.2.6 Market Attractiveness Analysis, By Application          

                              5.2.7 Market Share Analysis, By Application           

               5.3 End user                      

                              5.3.1 Introduction           

                              5.3.2 Hospitals and Clinics            

                              5.3.3 Home Care             

                              5.3.4 Academic & Research Institutes      

                              5.3.5 CROs         

                              5.3.6 Y-o-Y Growth Analysis, By End user

                              5.3.7  Market Attractiveness Analysis, By End user              

                              5.3.8  Market Share Analysis, By End user

6. Geographical Analysis                              

               6.1 Introduction               

                              6.1.1 Regional Trends     

                              6.1.2 Impact Analysis      

                              6.1.3 Y-o-Y Growth Analysis         

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Product

                                             6.1.3.3 By Application

                                             6.1.3.4 By End user

                              6.1.4  Market Attractiveness Analysis       

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Product

                                             6.1.4.3 By Application

                                             6.1.4.4 By End user

                              6.1.5  Market Share Analysis        

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Product

                                             6.1.5.3 By Application

                                             6.1.5.4 By End user

               6.2 Brazil                           

               6.3 Mexico                        

               6.4 Rest of Latin America                            

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis              

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services  

                              7.2.5 Competitive Rivalry within the Industry        

8. Market Leaders' Analysis                                        

               8.1 DJO LLC                       

                              8.1.1 Overview  

                              8.1.2 Product Analysis    

                              8.1.3 Financial analysis   

                              8.1.4 Recent Developments         

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View           

               8.2 Orthofix International N.V                    

               8.3 Zimmer Biomet Holdings Inc                

               8.4 Elizur, Bioventus LLC               

               8.5 Ossatec Benelux BV                

               8.6 Verve Consulting Inc               

9. Competitive Landscape                                          

               9.1 Market share analysis                            

               9.2 Merger and Acquisition Analysis                         

               9.3 Agreements, collaborations and Joint Ventures                           

               9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                           

Appendix                                          

               a) List of Tables                

               b) List of Figures              

  1. Latin America Bone Growth Stimulator Market, By Product, From 2022 - 2027 (USD Million)
  2. Latin America Bone Growth Stimulation Devices Market, By Region, From 2021to 2027 (USD Million)
  3. Latin America Bone Morphogenetic Proteins Market, By Region, From 2021to 2027 (USD Million)
  4. Latin America Platelet-rich Plasma Market, By Region, From 2021to 2027 (USD Million)
  5. Latin America Bone Growth Stimulator Market, By Application, From 2021to 2027 (USD Million)
  6. Latin America Spinal Fusion Surgeries Market, By Region, From 2021to 2027 (USD Million)
  7. Latin America Delayed Union & Nonunion Bone Fractures Market, By Region, From 2021to 2027 (USD Million)
  8. Latin America Oral and Maxillofacial Surgeries Market, By Region, From 2021to 2027 (USD Million)
  9. Latin America Bone Growth Stimulator Market, By End User, From 2021to 2027 (USD Million)
  10. Latin America Hospitals and Clinics Market, By Region, From 2021to 2027 (USD Million)
  11. Latin America Home Care Market, By Region, From 2021to 2027 (USD Million)
  12. Latin America Academic & Research Institute Market, By Region, From 2021to 2027 (USD Million)
  13. Latin America CROs Market, By Region, From 2021to 2027 (USD Million)
  14. Brazil Bone Growth Stimulator Market, By Product, From 2021to 2027 (USD Million)
  15. Brazil Bone Growth Stimulator Market, By Application, From 2021to 2027 (USD Million)
  16. Brazil Bone Growth Stimulator Market, By End User, From 2021to 2027 (USD Million)
  17. Argentina Bone Growth Stimulator Market, By Product, From 2021to 2027 (USD Million)
  18. Argentina Bone Growth Stimulator Market, By Application, From 2021to 2027 (USD Million)
  19. Argentina Bone Growth Stimulator Market, By End User, From 2021to 2027 (USD Million)
  20. Mexico Bone Growth Stimulator Market, By Product, From 2021to 2027 (USD Million)
  21. Mexico Bone Growth Stimulator Market, By Application, From 2021to 2027 (USD Million)
  22. Mexico Bone Growth Stimulator Market, By End User, From 2021to 2027 (USD Million)
  23. Rest of Latin America Bone Growth Stimulator Market, By Product, From 2021to 2027 (USD Million)
  24. Rest of Latin America Bone Growth Stimulator Market, By Application, From 2021to 2027 (USD Million)
  25. Rest of Latin America Bone Growth Stimulator Market, By End User, From 2021to 2027 (USD Million)
  26. Latin America Bone Growth Stimulators Market, By Bone Growth Stimulation Devices, From 2021to 2027 (USD Million)
  27. Latin America External Bone Growth Stimulators Market, By Region, From 2021to 2027 (USD Million)
  28. Latin America Implanted Bone Growth Stimulators Market, By Region, From 2021to 2027 (USD Million)
  29. Latin America Ultrasonic Bone Growth Stimulators Market, By Region, From 2021to 2027 (USD Million)
  30. Brazil Bone Growth Stimulators Market, By Bone Growth Stimulation Devices, From 2021to 2027 (USD Million)
  31. Argentina Bone Growth Stimulators Market, By Bone Growth Stimulation Devices, From 2021to 2027 (USD Million)
  32. Mexico Bone Growth Stimulators Market, By Bone Growth Stimulation Devices, From 2021to 2027 (USD Million)

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