Meticulous Research®, a leading market research firm, has released a new report titled “Bone Growth Stimulators Market by Product (Stimulation Device [External, Ultrasonic, Implantable], Bone Morphogenetic Proteins, Platelet-Rich Plasma), Application (Spinal Fusion, Fracture, Oral Surgeries), End User (Hospital, ASC) - Global Forecast to 2030.”

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According to the report, the global bone growth stimulators market is expected to reach $1.94 billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. Key drivers of this growth include a rising preference for minimally invasive treatments, an increase in bone fractures and spinal injuries, a growing elderly population leading to more orthopedic conditions, and a surge in sports injuries. The market also benefits from the expansion of hospitals and surgical centers, wider use of platelet-rich plasma (PRP), and growth in emerging economies.

Market Segmentation:
By Product:
• Bone Growth Stimulation Devices: External Bone Growth Stimulators (Capacitive Coupling Devices, Combined Magnetic Field Devices, Pulsed Electromagnetic Field Devices), Ultrasonic Bone Growth Stimulators, Implantable Bone Growth Stimulators
• Bone Morphogenetic Proteins
• Platelet-Rich Plasma
By Application:
• Spinal Fusion Surgeries
• Union & Non-union Bone Fractures
• Oral and Maxillofacial Surgeries
• Other Applications
By End User:
• Hospitals & Specialized Clinics
• Ambulatory Surgery Centers (ASC)
• Other End Users
Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Key Findings:
Product Insights: The bone growth stimulation devices segment is expected to lead the market in 2023, driven by increasing cases of bone fractures, demand for cost-effective and less painful treatments, and a preference for non-invasive surgical procedures.
Application Insights: The delayed union & non-union bone fractures segment is projected to have the highest CAGR during the forecast period due to the rising incidence of bone fractures among the elderly and osteoporosis-related conditions.
End User Insights: Hospitals and specialized clinics are anticipated to hold the largest market share in 2023, attributed to the widespread availability of hospitals, increasing patient visits, and a growing number of medical professionals.
Geographical Insights: North America is expected to lead the market in 2023, due to high healthcare expenditure, a growing elderly population, technological advancements, and early adoption of innovative healthcare products.

Market Drivers:
• Minimally Invasive Treatments: Increasing patient preference for treatments that reduce recovery time and pain.
• Orthopedic Conditions: Rising incidences of bone fractures, spinal injuries, and sports injuries.
• Geriatric Population: An aging population leading to more cases of orthopedic diseases.
• Healthcare Infrastructure: Growth in the number of hospitals and surgical centers, especially in emerging economies.
• Technological Advancements: Enhanced efficacy of bone growth stimulators through innovative technologies.

Opportunities: Emerging markets, increased application of PRP in various treatments, and the growing healthcare infrastructure present significant growth opportunities for market players.

Key Players: Leading companies in the bone growth stimulators market include Orthofix Medical Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Medtronic, plc (Ireland), Stryker Corporation (U.S.), Johnson & Johnson Private Limited (U.S.), DJO, LLC (U.S.), Bioventus LLC (U.S.), OssaTechnics BV (Germany), Arthrex GmbH (U.S.), Smith & Nephew plc (U.K.), and ITO CO., Ltd. (Japan).

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