Bone Growth Simulator Market, By Product (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins, and Platelet-Rich Plasma), By Application (Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, and Oral & Maxillofacial Surgeries), By End Use, and Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
REPORT HIGHLIGHT
Bone Growth Simulator Market was valued at USD 1.09 billion by 2018, growing with 4.2% CAGR during the forecast period, 2020-2026
Market Dynamics
Bone growth stimulator is a type of electrical impulse stimulation that helps in the healing of bones by the means of quicker bone-fushion. It mimics the real-life bone healing process that involves electrical impulse stimulation. Low levels of electromagnetic energy are given to stimulate a natural human healing process. Based on a study published by the National Center of Biotechnology (NCB), (April 2009) stated that bone stimulators significantly reduce the healing time in individuals.
Furthermore, it is noted that such simulators are exceptionally beneficial especially in the case of spinal fusions, trauma, bone fractures, fixation procedures, etc. In January 2017, the National Institutes of Health (NIH) stated that there has been a significant rise in trauma cases worldwide. Owing to the increase in trauma cases and cases of bone-related ailments, the demand for bone growth stimulator is increasing at constant rate, supporting the industry growth significantly. High equipment cost is one of the major industry restraints which can pull back the industry development during the study period.
Product Takeaway
In terms of different products, the bone simulator industry is categorized into bone growth stimulation devices, bone morphogenetic protein, and platelet-rich plasma. Of these, the external bone growth stimulator held the largest market share in 2019. These devices are often used by physiotherapists and orthopedics who specifically recommend external devices to aid in bone growth.
A study published by the Indian Journal of Medical Research suggested that almost 69% of the people residing in urban India are at a high risk of fractures due to bone loss. The organization also stated that almost 8.99% of patients suffering from osteoarthritis and 59% of patients suffering from osteopenia which is clearly indicating the high risk of fractures. Owing to an increase in fractures statistics, the demand for these external bone growth stimulators is on the rise, augmenting segment growth.
Application Takeaway
Depending upon application, the bone growth stimulator industry is classified into Spinal Fusion Surgeries, Delayed Union & Non-union Bone Fractures, and Oral & Maxillofacial Surgeries. Among which, spinal fusion surgery continues to dominate the overall industry throughout the forecast period. Various research studies (For example; randomized multicentre study by Kevin. T. Foley, MS) suggested that more than 80% of patients achieved fusion in postoperative pulsed electromagnetic field stimulation. This would in turn support the segment growth. Furthermore, significant growth with regards to maxillofacial and oral surgeries has been witnessed. As per the online recruitment website, Recruiter.com stated that the vacancies in oral or maxillofacial surgeons have increased by 7.68%, which directs an increase in the demand for maxillofacial surgeries as well.
End-use Takeaway
Based on end-use, the bone growth stimulator industry can be categorized into hospitals & clinics, homecare and others. Hospitals and clinics segment dominate the market for bone growth stimulators. Another segment is expected to witness huge growth in demand in the home care category owing to the growth demand for home healthcare coupled with aging population.
Regional Takeaway
The North American region continues to dominate with regards to bone growth stimulators. The availability of high-end technology and medical facilities is the reason why this segment continues to dominate the overall industry. However, the European market follows suit with regards to the growth of the bone growth stimulator market. An increase in research and development activities along with growth number of companies investing in this region will continue to fuel the industry development.
Key Vendor Takeaway
The key players that dominate the market in this category are Orthofix Holdings Inc, Arthrex Inc, Bioventus, Medtronic, DJO Global, Inc; Stryker, Isto Biologics, Zimmer Biomet, Deputy Synthes, and Terumo BCT, Inc. New product approval and strategic collaborations are one of the key strategies by the key players to capture significant revenue share. For instance, in March 2018, Orthofix Medical Inc. received U.S. FDA and European CE Mark approval for new PhysioStim bone growth stimulator. The device provides a non-surgical treatment option for patients and offers no visible signs of healing.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Bone Growth Stimulation Devices
- Bone Morphogenetic Proteins
- Platelet-Rich Plasma
- Others
MARKET, BY APPLICATION
- Spinal Fusion Surgeries
- Delayed Union & Nonunion Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
MARKET, BY END-USE
- Hospitals & Clinics
- Home Care
- Others
MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. BONE GROWTH SIMULATOR MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by End Use
2.1.3. Market Snippet by Application
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. BONE GROWTH SIMULATOR KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. BONE GROWTH SIMULATOR INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. BONE GROWTH SIMULATOR MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. BONE GROWTH SIMULATOR MARKET – BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2019 & 2026 (%)
6.2. Bone Growth Stimulation Devices
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Bone Morphogenetic Proteins
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Platelet-Rich Plasma
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.5. Others
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. BONE GROWTH SIMULATOR MARKET – BY END USE
7.1. Overview
7.1.1. Segment Share Analysis, By End Use, 2019 & 2026 (%)
7.2. Hospitals & Clinics
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Home Care
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. BONE GROWTH SIMULATOR MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
8.2. Spinal Fusion Surgeries
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Delayed Union & Non-union Bone Fractures
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Oral And Maxillofacial Surgeries
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Others
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. BONE GROWTH SIMULATOR MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product, 2015 – 2026 (US$ Million)
9.2.5. North America Market Size and Forecast, By End Use, 2015 – 2026 (US$ Million)
9.2.6. North America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product, 2015 – 2026 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End Use, 2015 – 2026 (US$ Million)
9.3.6. Europe Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.3.7. Germany
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.8. Italy
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.9. United Kingdom
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.10. France
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.11. Rest of Europe
9.3.11.1. Overview
9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product, 2015 – 2026 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End Use, 2015 – 2026 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.4.7. India
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.8. China
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.9. Japan
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.10. South Korea
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.11. Rest of APAC
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product, 2015 – 2026 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By End Use, 2015 – 2026 (US$ Million)
9.5.6. Latin America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.5.7. Brazil
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5.8. Mexico
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5.9. Argentina
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2015 – 2026 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By End Use, 2015 – 2026 (US$ Million)
9.6.6. Middle East and Africa Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.6.7. Saudi Arabia
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.6.8. United Arab Emirates
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Orthofix Holdings Inc
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Arthrex Inc
10.3. Bioventus
10.4. Medtronic
10.5. DJO Global, Inc
10.6. Stryker Corporation
10.7. Isto Biologics
10.8. Zimmer Biomet
10.9. Deputy Synthes
10.10. Terumo BCT, Inc.
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Bone Growth Simulator market: Product Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product
TABLE Global Bone Growth Simulator market, by Product 2015-2026 (USD Million)
TABLE Bone Growth Simulator market: End Use Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by End Use
TABLE Global Bone Growth Simulator market, by End Use 2015-2026 (USD Million)
TABLE Bone Growth Simulator market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Bone Growth Simulator market, by Application 2015-2026 (USD Million)
fTABLE Bone Growth Simulator market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Bone Growth Simulator market, by Region 2015-2026 (USD Million)
TABLE North America Bone Growth Simulator market, by Country, 2015-2026 (USD Million)
TABLE North America Bone Growth Simulator market, by Product, 2015-2026 (USD Million)
TABLE North America Bone Growth Simulator market, by End Use, 2015-2026 (USD Million)
TABLE North America Bone Growth Simulator market, by Application, 2015-2026 (USD Million)
TABLE Europe Bone Growth Simulator market, by country, 2015-2026 (USD Million)
TABLE Europe Bone Growth Simulator market, by Product, 2015-2026 (USD Million)
TABLE Europe Bone Growth Simulator market, by End Use, 2015-2026 (USD Million)
TABLE Europe Bone Growth Simulator market, by Application, 2015-2026 (USD Million)
TABLE Asia Pacific Bone Growth Simulator market, by country, 2015-2026 (USD Million)
TABLE Asia Pacific Bone Growth Simulator market, by Product, 2015-2026 (USD Million)
TABLE Asia Pacific Bone Growth Simulator market, by End Use, 2015-2026 (USD Million)
TABLE Asia Pacific Bone Growth Simulator market, by Application, 2015-2026 (USD Million)
TABLE Latin America Bone Growth Simulator market, by country, 2015-2026 (USD Million)
TABLE Latin America Bone Growth Simulator market, by Product, 2015-2026 (USD Million)
TABLE Latin America Bone Growth Simulator market, by End Use, 2015-2026 (USD Million)
TABLE Latin America Bone Growth Simulator market, by Application, 2015-2026 (USD Million)
TABLE Middle East and Africa Bone Growth Simulator market, by country, 2015-2026 (USD Million)
TABLE Middle East and Africa Bone Growth Simulator market, by Product, 2015-2026 (USD Million)
TABLE Middle East and Africa Bone Growth Simulator market, by End Use, 2015-2026 (USD Million)
TABLE Middle East and Africa Bone Growth Simulator market, by Application, 2015-2026 (USD Million)
List of Figures
FIGURE Bone Growth Simulator market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2019 & 2026
FIGURE Product segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Bone Growth Stimulation Devices market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Bone Morphogenetic Proteins market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Platelet-Rich Plasma market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE End Use segment market share analysis, 2019 & 2026
FIGURE End Use segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Hospitals market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Homecare market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Application segment market share analysis, 2019 & 2026
FIGURE Application segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spinal Fusion Surgeries market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Delayed Union & Nonunion Bone Fractures market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Oral And Maxillofacial Surgeries market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Bone Growth Simulator market share and leading players, 2018
FIGURE Europe Bone Growth Simulator market share and leading players, 2018
FIGURE Asia Pacific Bone Growth Simulator market share and leading players, 2018
FIGURE Latin America Bone Growth Simulator market share and leading players, 2018
FIGURE Middle East and Africa Bone Growth Simulator market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Bone Growth Simulator market share analysis by country, 2018
FIGURE Germany Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Bone Growth Simulator market share analysis by country, 2018
FIGURE India Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Bone Growth Simulator market share analysis by country, 2018
FIGURE Brazil Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Bone Growth Simulator market share analysis by country, 2018
FIGURE Saudi Arabia Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Bone Growth Simulator market size, forecast and trend analysis, 2015 to 2026 (USD Million)
