This report provides exclusive insights into the COVID-19 impact on the Electronic Bone Growth Stimulator Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Electronic Bone Growth Stimulator Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Electronic Bone Growth Stimulator Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on electronic bone growth stimulator market provides an in-depth analysis of segments and sub-segments in global as well as regional electronic bone growth stimulator market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional electronic bone growth stimulator market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global electronic bone growth stimulator market. According to the report the global electronic bone growth stimulator market is projected to grow at a CAGR of 4.18% over the forecast period of 2018-2024.
Bone growth stimulator (BGS) is an electrical device used in the medical industry for the healing process of a fracture. BGS enhances this process by stimulating the production of new cells by applying the proper amount of electrical energy to the bone, allowing the fracture to heal considerably faster. Stimulators are commonly used for hard-to-treat fractures, non-unions, and poorly healing stress fractures of the scaphoid, distal tibia, femur, humerus, and fifth metatarsal shaft. The bone growth stimulating results in an enhanced osteogenic environment with calcification and mineralization of the fibrocartilage repairs the fracture site and increases vascularity.
The rise in obesity and the increase in the number of orthopedic injuries are the major driving factors for the growth of bone growth stimulator market. The rise in non-invasive medical practices to enhance the success of the bone grafting procedures and low risk of adverse effects are also expected to boost the demand for BGS. The complication rates in BGS are low as compared to other invasive medical treatment methods. The rapid rise in motor vehicle users also results in a considerable rise in road accidents leading to spinal injuries thus eventually promoting the growth of the BGS market. However, insufficient knowledge about the success rates of BGS and the higher treatment cost are the major restraints in the growth of the bone growth stimulator. Moreover, the increasing demand for safe, innovative and modern effective treatment techniques can create an opportunity for the bone growth stimulator market.
The report on global electronic bone growth stimulator market covers segments such as type and application. On the basis of type the global electronic bone growth stimulator market is categorized into bone growth stimulation devices, bone morphogenetic proteins (BMP) and platelet-rich plasma (PRP). On the basis of application, the global electronic bone growth stimulator market is categorized into neurological surgeries, oral surgeries, and non-unison fractures.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global electronic bone growth stimulator market such as Zimmer Biomet, Ossatec, Exogen, Bioventus LLC, Orthofix International, DJO Global, Medtronic, Stryker, Terumo BCT and Arthex, Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global electronic bone growth stimulator market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of electronic bone growth stimulator market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the electronic bone growth stimulator market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the electronic bone growth stimulator market to understand the present and future trends in this market and formulate their strategies accordingly.