Bone Growth Stimulators Market: By Product (Bone Growth Stimulation Devices (Pulsed Electromagnetic Field Devices, Combined Magnetic Field Devices, Capacitive Coupling Devices, Implanted Bone Growth Stimulators, Ultrasonic Bone Growth Stimulators), Bone Morphogenetic Proteins, Platelet-Rich Plasma), By Application (Spinal Fusion Surgeries, Nonunion Fractures, Oral and Maxillofacial Surgeries, Others), By End User (Hospitals & Clinics, Academic & Research Institutes, Homecare, Others), and Geography

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Bone Growth Stimulators Market size was valued at USD 1.85 billion in 2022 and is poised to grow at a significant CAGR of 4.7% from 2023-2029. Bone growth stimulation (BGS) is a therapy your surgeon may prescribe following a spinal fusion procedure. A bone growth stimulator is a supplemental device worn following cervical (neck) or lumbar (low back) spine surgery. BGS may be utilized to help spinal bone fuse after a fusion procedure or as a treatment for failed fusion. Due to a sharp drop in elective surgeries, a ban on organised sports, the temporary closure of O&P clinics, hospital access restricted to non-essential care, limited access to clinics, and slowed in-patient flow and referrals, the pandemic is expected to have a short-term negative impact on the bone growth stimulators market. The market is expected to gradually rise starting in the late second half of 2021, which could be attributed to addressing pre-COVID elective surgeries, an increase in the number of surgeries as a result of clearing backlogs as well as new cases, fully reopened healthcare services, large-scale recreation and physical work, and the reopening of organised sports. Long-term growth drivers such as the growing senior population and the rising prevalence of diabetes, obesity, and osteoarthritis will also continue to fuel the market's expansion over the forecast period.

Bone Growth Stimulators Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.7%

Largest Market

North America

Fastest Growing Market

Europe
Bone Dynamics Stimulators Market Dynamics

Increase in the incidence of bone related disorders is the key factor attributing the growth of the bone growth stimulators market. Technological advancements are enriching the growth of the market. Increasing prevalence of arthritis is another factor anticipating the growth of the market. The rising number of trauma and accident cases is considered as the major factor enhancing the growth of the market. Soaring osteoporosis cases is adding fuel for the growth of the market. According to the International Osteoporosis Foundation, worldwide, osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporotic fracture every 3 second. Osteoporosis is estimated to affect 200 million women worldwide – approximately one-tenth of women aged 60, one-fifth of women aged 70, two-fifths of women aged 80 and two-thirds of women aged 90. However, the high cost associated with the treatment is likely to hamper the growth of the market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Bone Growth Stimulators Market Segmentation

By Product
  • Bone Growth Stimulation Devices
  • Bone Morphogenetic Proteins
  • Platelet-Rich Plasma
By Application
  • Spinal Fusion Surgeries
  • Nonunion Fractures
  • Oral and Maxillofacial Surgeries
  • Others
By End User
  • Hospitals & Clinics
  • Academic & Research Institutes
  • Home Care
  • Others
By Geography
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • MEA

Frequently Asked Questions

The key segments covered in the Bone Growth Stimulators Market are technology, components, application, and end-users.

The Bone Growth Stimulators Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Bone Growth Stimulators Market key players Orthofix International N.V., DJO Finance LLC, Zimmer Biomet Holdings, Inc., Bioventus LLC, Medtronic PLC, Stryker Corporation, Depuy Synthes, Arthrex, Inc., Isto Biologics

1. Executive Summary
2. Global Bone Growth Stimulators Market Introduction
2.1. Global Bone Growth Stimulators Market Taxonomy
2.2. Global Bone Growth Stimulators Market Definitions
2.2.1. By Product
2.2.2. By Application
2.2.3. By End User
2.2.4. By Region
3. Global Bone Growth Stimulators Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Bone Growth Stimulators Market Dynamic Factors - Impact Analysis
3.6. Global Bone Growth Stimulators Market Competition Landscape
4. Global Bone Growth Stimulators Market Analysis, 2018-2022 and Forecast, 2023-2029
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Bone Growth Stimulators Market, By Product, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1. Bone Growth Stimulation Devices
5.1.1. Pulsed Electromagnetic Field Devices
5.1.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Combined Magnetic Field Devices
5.1.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Capacitive Coupling Devices
5.1.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Implanted Bone Growth Stimulators
5.1.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Ultrasonic Bone Growth Stimulators
5.1.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.2. Bone Morphogenetic Proteins
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Platelet-Rich Plasma
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Bone Growth Stimulators Market, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.1. Spinal Fusion Surgeries
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Nonunion Fractures
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Oral and Maxillofacial Surgeries
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Bone Growth Stimulators Market, By End User, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.1. Hospitals & Clinics
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Academic & Research Institutes
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Homecare
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Bone Growth Stimulators Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Bone Growth Stimulators Market - Opportunity Analysis Index, By Product, Application, End User, and Region, 2020 - 2026
9. North America Bone Growth Stimulators Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
9.1. Product Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Bone Growth Stimulation Devices
9.1.1.1. Pulsed Electromagnetic Field Devices
9.1.1.2. Combined Magnetic Field Devices
9.1.1.3. Capacitive Coupling Devices
9.1.1.4. Implanted Bone Growth Stimulators
9.1.1.5. Ultrasonic Bone Growth Stimulators
9.1.2. Bone Morphogenetic Proteins
9.1.3. Platelet-Rich Plasma
9.2. Application Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Spinal Fusion Surgeries
9.2.2. Nonunion Fractures
9.2.3. Oral and Maxillofacial Surgeries
9.2.4. Others
9.3. End User Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Hospitals & Clinics
9.3.2. Academic & Research Institutes
9.3.3. Homecare
9.3.4. Others
9.4. Country Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Bone Growth Stimulators Market - Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 - 2026
9.6. North America Bone Growth Stimulators Market Dynamics Trends
10. Europe Bone Growth Stimulators Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
10.1. Product Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Bone Growth Stimulation Devices
10.1.1.1. Pulsed Electromagnetic Field Devices
10.1.1.2. Combined Magnetic Field Devices
10.1.1.3. Capacitive Coupling Devices
10.1.1.4. Implanted Bone Growth Stimulators
10.1.1.5. Ultrasonic Bone Growth Stimulators
10.1.2. Bone Morphogenetic Proteins
10.1.3. Platelet-Rich Plasma
10.2. Application Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Spinal Fusion Surgeries
10.2.2. Nonunion Fractures
10.2.3. Oral and Maxillofacial Surgeries
10.2.4. Others
10.3. End User Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hospitals & Clinics
10.3.2. Academic & Research Institutes
10.3.3. Homecare
10.3.4. Others
10.4. Country Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Bone Growth Stimulators Market - Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 - 2026
10.6. Europe Bone Growth Stimulators Market Dynamics Trends
11. Asia-Pacific Bone Growth Stimulators Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
11.1. Product Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Bone Growth Stimulation Devices
11.1.1.1. Pulsed Electromagnetic Field Devices
11.1.1.2. Combined Magnetic Field Devices
11.1.1.3. Capacitive Coupling Devices
11.1.1.4. Implanted Bone Growth Stimulators
11.1.1.5. Ultrasonic Bone Growth Stimulators
11.1.2. Bone Morphogenetic Proteins
11.1.3. Platelet-Rich Plasma
11.2. Application Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Spinal Fusion Surgeries
11.2.2. Nonunion Fractures
11.2.3. Oral and Maxillofacial Surgeries
11.2.4. Others
11.3. End User Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hospitals & Clinics
11.3.2. Academic & Research Institutes
11.3.3. Homecare
11.3.4. Others
11.4. Country Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Bone Growth Stimulators Market - Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 - 2026
11.6. Asia-Pacific Bone Growth Stimulators Market Dynamics Trends
12. Latin America Bone Growth Stimulators Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
12.1. Product Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Bone Growth Stimulation Devices
12.1.1.1. Pulsed Electromagnetic Field Devices
12.1.1.2. Combined Magnetic Field Devices
12.1.1.3. Capacitive Coupling Devices
12.1.1.4. Implanted Bone Growth Stimulators
12.1.1.5. Ultrasonic Bone Growth Stimulators
12.1.2. Bone Morphogenetic Proteins
12.1.3. Platelet-Rich Plasma
12.2. Application Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Spinal Fusion Surgeries
12.2.2. Nonunion Fractures
12.2.3. Oral and Maxillofacial Surgeries
12.2.4. Others
12.3. End User Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hospitals & Clinics
12.3.2. Academic & Research Institutes
12.3.3. Homecare
12.3.4. Others
12.4. Country Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Bone Growth Stimulators Market - Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 - 2026
12.6. Latin America Bone Growth Stimulators Market Dynamics Trends
13. Middle East and Africa Bone Growth Stimulators Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
13.1. Product Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Bone Growth Stimulation Devices
13.1.1.1. Pulsed Electromagnetic Field Devices
13.1.1.2. Combined Magnetic Field Devices
13.1.1.3. Capacitive Coupling Devices
13.1.1.4. Implanted Bone Growth Stimulators
13.1.1.5. Ultrasonic Bone Growth Stimulators
13.1.2. Bone Morphogenetic Proteins
13.1.3. Platelet-Rich Plasma
13.2. Application Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Spinal Fusion Surgeries
13.2.2. Nonunion Fractures
13.2.3. Oral and Maxillofacial Surgeries
13.2.4. Others
13.3. End User Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hospitals & Clinics
13.3.2. Academic & Research Institutes
13.3.3. Homecare
13.3.4. Others
13.4. Country Analysis 2018-2022 and Forecast, 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA Bone Growth Stimulators Market - Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 - 2026
13.6. MEA Bone Growth Stimulators Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Orthofix International N.V.
14.2.2. DJO Finance LLC
14.2.3. Zimmer Biomet Holdings, Inc.
14.2.4. Bioventus LLC
14.2.5. Medtronic PLC
14.2.6. Stryker Corporation
14.2.7. Depuy Synthes
14.2.8. Arthrex, Inc.
14.2.9. Isto Biologics
14.2.10. Harvest Technologies
15. Research Methodology
16. Key Assumptions and Acronyms
  • Orthofix International N.V.
  • DJO Finance LLC
  • Zimmer Biomet Holdings, Inc.
  • Bioventus LLC
  • Medtronic PLC
  • Stryker Corporation
  • Depuy Synthes
  • Arthrex, Inc.
  • Isto Biologics

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