ALBANY, New York, June 22, 2020
- Increase in number of geriatric people, particularly those aged 60 and above, will help the market to witness growing demand over the forecast period
- Growing demand for minimally invasive surgeries and treatments will drive the market forward in a major way
- North America to account for a major market share
ALBANY, New York, June 22, 2020 /PRNewswire/ -- Notable growth is projected for global bone growth stimulators market over the period of 2019 to 2027. The compound annual growth rate would be about 5% and the market worth would reach a value of about USD 2.1 billion by the end of the stated period. This would be a marked increase from USD 1.3 billion in the year 2018.
As per Transparency Market Research, "Increase in geriatric population is set to drive the market forward over the forecast period. It is pertinent to note here that this therapy is extensively used in treating fractures and aiding recovery after spinal fusion surgery and since the stated demographic is susceptible to such injuries and is dependent on such procedures, demand for the therapy would increase."
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Key Findings of Growth in Global Bone Growth Stimulators Market Study:
For a detailed analysis of global bone growth stimulators market by product, application, end user, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/28541
Key Drivers of Growth in Global Bone Growth Stimulators Market:
Transparency Market Research notes that multiple growth factors are helping the market stay buoyant over the forecast period. Of the host of trends and drivers that make this list, driving growth in the global bone growth stimulators market, the prominent ones have been outlined below:
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Regional Analysis of Global Bone Growth Stimulators Market:
Analyze global bone growth stimulators market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28541
Competitive Analysis of Global Bone Growth Stimulators Market:
Top players marking the slightly fragmented vendor landscape of global bone growth stimulators market are Zimmer Biomet, DJO Global, Medtronic plc, Terumo Corporation, Bioventus, Inc., Orthofix Medical Inc., IGEA, Ossatec Benelux BV, BTT Health GmbH, and Stimulate Health, among others. Transparency Market Research has profiled these players on a granular level and elaborated upon key strategies, financials, and product details. It is significant to note here that technological advancement and innovation are significant determinant of growth.
Global Bone Growth Stimulators Market: Segmentation
Bone Growth Stimulators Market, by Product
Bone Growth Stimulators Market, by Application
Bone Growth Stimulators Market, by End User
Bone Growth Stimulators Market, by Region
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