The global bone growth stimulators market is projected to Bone Growth Stimulator Market market is projected to reach USD 1.8 billion by 2027 from an estimated USD 1.4 billion in 2022, at a CAGR of 5.9%. The bone growth stimulators market driven by increasing targeted patient population, increasing number of sports & orthopedic related injuries, and rising aging population.
The market is competitive. The major players operating in this market are Orthofix Medical Inc. (US), Enovis (DJO Finance, LLC) (US), ZimVie (US), Bioventus LLC (US), Medtronic plc (Ireland), Stryker (US), DePuy Synthes (US), Arthrex, Inc. (US), Isto Biologics (US Terumo Corporation (Japan), Ember Therapeutics, Inc. (US), Ossatec Benelux Ltd. (Netherlands), Altis Biologics (Pty) Ltd. (South Africa), Regen Lab SA (Switzerland), ITO Co., Ltd. (Japan), Elizur Corporation (US), BTT Health GmbH (Germany), Stimulate Health (Canada), VQ OrthoCare (US), and Kinex Medical Company, LLC (US).
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Orthofix Medical Inc. (US), held the leading position in the bone growth stimulators market in 2021. The company offers an exhaustive product portfolio consisting of bone growth stimulators. The has strong geographic presence in North America, Europe and Asia. The company’s strong heritage of leadership and innovation has provided a solid foundation for the continued development of safe and cost-effective products.
ZimVie (US) held second position in the bone growth stimulators market in 2021. The company provides its robust portfolio of bone growth stimulator applications. The company focuses on inorganic strategies such as acquisitions, partnerships and collaboration to strengthen their position. Moreover, the company has strong geographic presence in across the 70 countries and a strong direct and indirect distribution network.
Envois Corporation (US) is held the third largest share of bone growth stimulators market in 2021. The company has strong product portfolio of bone growth stimulators market. The company is focusing on growth strategies like product launches and acquisitions to enhance its customer base and market penetration will further increase its market share in the near future.
Bone Growth Stimulator Market by Product (Device (External Bone Growth Stimulators), Platelet-Rich Plasma), Application (Spinal Fusion Surgeries, Oral & Maxillofacial Surgeries), End Users (Hospital, Ambulatory surgical centers) - Global Forecast to 2027
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