Bone growth stimulation is a medical practice that is prescribed post spinal fusion procedure. It is a supplemental device worn after lumbar or cervical spine surgery. Bone growth stimulation is utilized to accelerate the process of spinal bone fusion. These BGS are a supplemental form of therapy that helps to improve the body's bone healing process. The process of bone healing may also require electrical field in certain cases. Bone growth stimulation is advantageous after a multi-level fusion procedure or for individuals suffering from multiple health issue such as diabetes or smoking habits.
MARKET SCOPE
The "Global Bone Growth Stimulators Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bone growth stimulators market with detailed market segmentation by type, application, end user, and geography. The report provides key statistics on the market status of the leading bone growth stimulators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global bone growth stimulators market is segmented into Bone Growth Stimulation Device, Platelet Rich Plasma and Bone Morphogenetic Proteins.
? Based on application, the global bone growth stimulators market is segmented into Oral & Maxillofacial Surgeries, Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, and Other Applications.
? On the basis of end user, the market is segmented into Home Care, Hospitals & Clinics, Research Institutions, and Other End Users.
MARKET DYNAMICS
Drivers
? Increase in the number of osteoarthritis cases at a global level
? Increasing vulnerability to fractures
Restraints
? Presence of alternatives for BGS
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The bone growth stimulators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bone growth stimulators market in these regions.
IMPACT OF COVID-19 ON BONE GROWTH STIMULATORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The disrupted supply chains and secondary preference to these devices are likely to create a negative impact in bone growth stimulators market.
MARKET PLAYERS
The report covers key developments in the bone growth stimulators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bone growth stimulators market are anticipated to lucrative growth opportunities in the future with the rising demand for bone growth stimulators in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bone growth stimulators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Zimmer Biomet
? DJO, LLC
? Arthrex, Inc.
? Smith & Nephew
? Orthofix Holdings, Inc.
? Ossatec Benelux BV
? elizur Corporation
? Medsource, LLC
? Regen Lab SA
? Ito Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.