The North American Bone Growth Stimulators Market was valued at USD 0.37 Billion in 2022 and estimated to be growing at a CAGR of 5.5% to reach USD 0.48 Billion by 2027 during the forecast period.
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 bone's fusion site for about 6 to 12 months, releasing small electrical currents. The external bone growth stimulator is worn externally and does not need any surgical implantation.
The market is estimated to grow significantly during the specified period and in the years to follow.
North America Bone-growth stimulators market is propelled by factors like the growing geriatric population, rising incidences of arthritis and injuries caused by sports, and increasing demand for non-invasive spinal surgery techniques. But, factors like the easy availability of other treatments, doubtful efficiency, problems in the medical device, and competition from bone grafting act as restraints for the growth of the bone growth stimulators market.
This research report on the North America Bone Growth Stimulators Market has been segmented and sub-segmented into the following categories.
By Product:
By Application:
By End User:
By Country:
Geographically, the North American bone growth stimulators market accounted most significant share in the global market in 2020, and it is likely to continue its dominance during the forecast period. The market growth is attributed to the availability of advanced healthcare infrastructure, favorable reimbursement policies, and the adoption of advanced technology in the healthcare sector.
The U.S. bone growth stimulators market is expected to dominate the North American market during the forecast period. The market had a significant share over the forecast period. However, it is anticipated to witness a rapid share during the forecast period. The increasing prevalence of spinal disorders, growing preference for minimally invasive orthopedic procedures, and rise in disposable income of the individuals are fuelling the market growth—the other factors such as senior population. Therefore, the senior population is considered one of the major growth contributors in the market. In addition, the rising population is more exposed to chronic disorders such as diabetes, obesity, and smoking, positively influencing the market growth.
On the other hand, the Canadian bone growth stimulators market is projected to account for a promising share in the bone growth stimulators market. An increase in the prevalence of osteoporosis and VCFs has resulted in a rise in demand for bone growth stimulators, driving the market growth.
KEY MARKET PLAYERS:
A few promising companies operating in the North America Bone Growth Stimulators Market 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 United States
6.3 Canada
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
Related Reports
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.
