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Bone Growth Stimulators Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-14 

Bone Growth Stimulators Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

A commendable increase in the number of clinical cases associated with bone injuries along with growing elderly population worldwide will fuel bone growth stimulators market size over 2019-2025. A bone growth stimulator is used to offer pain-free, electrical or ultrasound stimulation that promotes faster bone healing and growth. Increase in cases of osteoarthritis across the globe has led to surging demand for bone growth stimulators.

According to the report ‘An Aging World 2015’, the number of aged people (over 65 years) are estimated to reach around 1.6 billion by 2050, representing 16.7% of the world’s total population. Femoral neck fractures have also intensified significantly over recent years, primarily due to rising elderly population and rapid urbanization.

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Meanwhile, surge in number of cases associated with hip fractures worldwide are estimated to supplement bone growth stimulators market outlook during the forecast time period. Credible reports suggest that around 1.6 million hip fractures occur each year across the globe, and is likely to reach between 4.5 million and 6.3 million by 2050

Greater budget and improved infrastructure facilities in hospitals can cater to a larger number of patients suffering from fractures or any other bone related diseases. Higher expenditure rate means the ability to purchase advanced bone growth stimulator equipment will also surge. Rising number of hospitals in developing nations like India is further pushing the healthcare sector.

According to reports, by 2020 India is expected to rank amongst top three healthcare markets in terms of incremental growth, globally. The low cost of medical services when compared to other countries in the world has given rise to country’s medical tourism, thereby witnessing patients from across the globe.

For the record, India observes National Bone and Joint Day on the 4th of August, to sensitize the society regarding rising bone diseases and promotes cost- effective prevention and treatment of the same. Improved healthcare services in hospitals coupled with increasing awareness spread by orthopedics in India with respect to bone disease awareness will positively influence the regional bone growth stimulators market outlook.

U.S. bone growth stimulator market share is expected to register a robust CAGR of 5.9% between 2019-2025. Growing frequency of osteoporosis in the country, adoption of highly advanced medical technology, developed healthcare facilities and availability of skilled professionals will benefit the overall bone treatment landscape in the country. Reportedly, Americans spend over USD 19 billion per year in the treatment of osteoporosis. Additionally, about 10 million Americas suffer from osteoporosis and 44 million suffer from low bone density cases each year.

According to centers for Medicare and Medicaid Services, the healthcare expenditure in U.S. accounted for USD 3.5 trillion in 2017. The nation witnesses a strong healthcare spending owing to high prevalence of geriatric population, which by 2060, will reach approximately 98.2 million people aged 65 and above. Evidently, a robust growth for the healthcare sector coupled with heavy medical expenditure has led to increased revenues for North America bone growth stimulators industry.

There has been an increase in the number of spinal surgeries worldwide due to various issues with small bones in the vertebrae among people, offering a lucrative growth avenue for bone growth stimulators industry size. This type of surgery is performed to treat deformities of the spine, herniated disk and spinal instability or weakness.

Growing age bone density lowers and cases of weakened bones increase are increasing the need for spinal fusion surgeries to reduce further complications. As per reports, the spinal fusion surgery segment is expected to experience a steady CAGR of 6% over the forecast period. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/bone-growth-stimulators-market

Partial Chapter of the Table of Content 

Chapter 5.  Bone Growth Stimulators Market, By Application

5.1. Key segment trends

5.2. Spinal fusion surgeries

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3. Delayed union & nonunion bone fractures

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.4. Oral and maxillofacial surgeries

5.4.1.  Market size, by region, 2014 – 2025 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 6.  Bone Growth Stimulators Market, By End-use  

6.1. Key segment trends

6.2. Hospitals

6.2.1.  Market size, by region, 2014 – 2025 (USD Million)

6.3. Ambulatory Surgical Centers

6.3.1.  Market size, by region, 2014 – 2025 (USD Million)

6.4. Others

6.4.1.  Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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