(PharmaNewsWire.Com, June 09, 2017 ) The global bone growth stimulator market was estimated at $654.1M in 2016 across the 39 markets covered in this report. By the end of the forecast period in 2023, Publisher estimates the market will grow to approximately $801.4M at a Compound Annual Growth Rate (CAGR) of 2.9%.
When a bone is fractured, the body naturally generate a low-level electric field to stimulate healing. For some patients, however, the body's natural healing processes are ineffective, and fractures experience delayed or non-union. Additionally, patients treated with spinal fusion procedures may have difficultly healing. Bone growth stimulators have been developed in order to promote healing in patients at risk for failed unions of long bone fractures or spinal fusion. The growing aging populations, as well as patient preference for non-surgical treatment regimens, are primarily driving the expansion of the bone growth stimulator market in the forecast period. However, competition from innovations in bone grafts and substitutes and reimbursement limitations are demanding obstacles to be overcome.
- Outlook of sales volume, pricing trends, revenue trends with 2016 as base year and forecasts until 2023, for bone growth stimulators. - Company share analysis in 2016, for bone growth stimulators. - Market insights and competitive assessment of the key players within bone growth stimulators market.
Reasons to buy
- Identify the unmet needs and understand physicians' perceptions of the current bone growth stimulators - Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global bone growth stimulators market in the future - Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors
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