North America Bone Growth Stimulators Market By Product (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins and Platelet-Rich Plasma) By Application (Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral & Maxillofacial Surgeries and Others) By Distribution Channel (Hospitals & Clinics, Home Care and Others) By Country, Industry Analysis and Forecast, 2020 - 2026
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The North America Bone Growth Stimulators Market would witness market growth of 6.3% CAGR during the forecast period (2020-2026). Bone growth stimulation is used to facilitate bone healing in fractures or fusions that are difficult to heal by applying electrical or ultrasonic current to the fracture/fusion site. An electrical osteogenesis stimulator is a tool that provides electrical stimulation to improve bone repair. Electrical stimulation may be performed either from the outside of the body (non-invasive) or from the inside of the body (invasive).
A non-invasive electrical stimulator is characterized by an external power source that is connected to a coil or electrodes mounted on the skin or on casting or brace over a fracture or fusion site. The ultrasonic osteogenesis stimulator is a non-invasive system that emits low pressure, pulsed ultrasound. The ultrasound signal is applied to the surface of the skin at the fracture site using an ultrasound conductive coupling gel to facilitate fracture healing.
The market for bone growth stimulators is mainly driven by factors such as the occurrence of bone and joint disorders, the demand for non-invasive and minimally invasive surgery across the globe, among others. Globally, osteoarthritis is the most common articular condition in people 65 years of age and older. It is the largest cause for disability in the United States and affects more than 20 million Americans and is projected to double in the next 10 years. The global rise in the prevalence of arthritis is, therefore, a significant factor leading to the growth of the market.
Based on Product, the market is segmented into Bone Growth Stimulation Devices, Bone Morphogenetic Proteins and Platelet-Rich Plasma. Based on Application, the market is segmented into Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral & Maxillofacial Surgeries and Others. Based on Distribution Channel, the market is segmented into Hospitals & Clinics, Home Care and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Johnson and Johnson, Medtronic PLC, Zimmer Biomet Holdings, Inc., Stryker Corporation, Smith & Nephew PLC, Terumo Corporation (Terumo BCT, Inc.), Colfax Corporation (DJO Global, Inc.), Orthofix Medical, Inc., Arthrex, Inc., Bioventus LLC.
Scope of the North America Bone Growth Stimulators Market Analysis
- Bone Growth Stimulation Devices
- Bone Morphogenetic Proteins and
- Platelet-Rich Plasma
- Spinal Fusion Surgeries
- Delayed Union & Nonunion Bone Fractures
- Oral & Maxillofacial Surgeries and
By Distribution Channel
- Hospitals & Clinics
- Home Care and
- Rest of North America
- Johnson and Johnson
- Medtronic PLC
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- Smith & Nephew PLC
- Terumo Corporation (Terumo BCT, Inc.)
- Colfax Corporation (DJO Global, Inc.)
- Orthofix Medical, Inc.
- Arthrex, Inc.
- Bioventus LLC
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