(PharmaNewsWire.Com, January 17, 2018 ) According to the report Bone Growth Stimulators, published by Market Data Forecast, the Global market was worth USD 1.07 billion in 2017 and estimated to be growing at a CAGR of 5.3%, to reach USD 1.38 billion by 2022.
Bone growth stimulators are used to fasten the healing if fracture as the boost the enhance the rate of bone formation without the use of any electrical. An internal bone growth stimulator is attached to the fusion site of the bone for about 6 to 12 months and it releases small electrical impulses to speed up the recovery process. External bone growth stimulator is externally worn and does not require any surgical implantation.
Bone Growth Stimulators Market: Drivers & Restraints Factors such as financial feasibility development in the service sector, growth of disposable income and spending on healthcare sector are estimated to drive the market growth globally. Be that as it may, the easy availability of alternates coupled with the doubtfulness of efficacy, equipment-related problems and competition from bone grafting act as restraints for the growth of bone growth stimulators market.
Bone Growth Stimulators Market: Segmentation By Product Bone Growth Stimulation Devices Bone Morphogenetic Proteins Platelet-rich Plasma By Application Spinal Fusion Surgeries Delayed Union & Nonunion Bone Fractures Oral and Maxillofacial Surgeries Other Applications By End Users Hospitals and Clinics Home Care Academic & Research Institutes CROs By Geography North America Europe Asia-Pacific Latin America Middle East & Africa
Bone Growth Stimulators Market: Overview As of 2017, North America led the market for Cell Culture in terms of revenue followed by Europe and Asia Pacific. Moreover, Asia pacific is anticipated to register the highest CAGR in the coming years.
Bone Growth Stimulators Market: Key Players The major players dominating the 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.
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