Market Overview:
The global bone growth therapy devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into invasive devices, ultrasound devices and non-invasive devices. The invasive device segment dominated the global bone growth therapy devices market in 2017 and is expected to continue its dominance during the forecast period from 2018 to 2030. On the basis of application, hospitals accounted for majority share in 2017 and are expected to maintain their dominance during the forecast period from 2018 to 2030.
Product Definition:
Bone Growth Therapy Devices are devices that help in the growth and development of bones. They may be used to treat conditions such as osteoporosis, bone cancer, or fractures.
Invasive:
Invasive devices are used to treat conditions such as bone degeneration, fractures, tumors and infections. These devices have high success rates but can cause severe side effects in the body. The growth factor for invasive devices is mainly based on their ability to deliver a high amount of medication at a specific target area which helps in treating the condition effectively. Some of the common types of invasive procedures include surgeries and biopsies which are used for diagnosing or curing diseases respectively.
Ultrasound:
Ultrasound is the use of high-frequency sound waves for diagnostic and therapeutic purposes. Ultrasound Bone Growth Therapy Devices Market includes products such as bone density measurement devices, ultrasound imaging systems, ultrasound transducers and other accessories which are used in combination with other therapies to treat Osteoarthritis (OA), fractures, spinal injuries or any kind of injury to bones. Ultrasound therapy also helps in pain management along with increasing blood circulation in joints.
Application Insights:
The others segment held the largest share of the market in 2017. This segment includes dental clinics, surgical centers and imaging centers. The growth in this segment can be attributed to factors such as increasing number of hospitals and orthopedic clinics due to an increase in bone fractures across the globe. According to WHO, approximately 1 million hip fracture cases are reported every year globally which is expected to rise by 2030 if proper preventive measures are not taken up.
Medical agencies accounted for a significant share owing to growing awareness about bone health among military personnel along with other patients suffering from trauma injuries or deformities caused by accidents or diseases related to bones & joints.
Regional Analysis:
North America dominated the global bone growth therapy devices market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for advanced treatment options, and favorable reimbursement scenario in this region. The U.S.-based companies are involved in extensive research activities to develop novel products with improved efficacy and reduced complications as compared to other products currently available in the market.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure & availability of treatments at affordable costs coupled with growing patient awareness levels regarding these therapies across various countries including China, India, Japan and others. Moreover, increasing medical tourism due to affordability offered by various countries will also boost demand for BCT devices over the forecast period (Kumar & Parikh 2016). In addition, rising incidence of osteoporosis coupled with growing geriatric population is anticipated drive regional market expansion (Garcia-Sanz et al., 2015).
Growth Factors:
- Increasing incidence of bone fractures and osteoporosis
- Growing geriatric population
- Rising demand for minimally invasive procedures
- Technological advancements in bone growth therapy devices
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Bone Growth Therapy Devices Market Research Report
By Type
Invasive, Ultrasound, Non-Invasive
By Application
Hospitals, Medical agencies, Orthopaedic clinics, Others
By Companies
Stryker, Medtronic, Zimmer Biomet Holdings, Altis Biologics, Arthrex, Bioventus, DJO Finance, Depuy Synthes (Johnson & Johnson), Ember Therapeutics, ITO, Stryker, Isto Biologics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Bone Growth Therapy Devices Market Report Segments:
The global Bone Growth Therapy Devices market is segmented on the basis of:
Types
Invasive, Ultrasound, Non-Invasive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Medical agencies, Orthopaedic clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stryker
- Medtronic
- Zimmer Biomet Holdings
- Altis Biologics
- Arthrex
- Bioventus
- DJO Finance
- Depuy Synthes (Johnson & Johnson)
- Ember Therapeutics
- ITO
- Stryker
- Isto Biologics
Highlights of The Bone Growth Therapy Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Invasive
- Ultrasound
- Non-Invasive
- By Application:
- Hospitals
- Medical agencies
- Orthopaedic clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bone Growth Therapy Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bone growth therapy devices are medical devices that use radiofrequency energy to stimulate the growth of new bone tissue.
Some of the key players operating in the bone growth therapy devices market are Stryker, Medtronic, Zimmer Biomet Holdings, Altis Biologics, Arthrex, Bioventus, DJO Finance, Depuy Synthes (Johnson & Johnson), Ember Therapeutics, ITO, Stryker, Isto Biologics.
The bone growth therapy devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bone Growth Therapy Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bone Growth Therapy Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bone Growth Therapy Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bone Growth Therapy Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bone Growth Therapy Devices Market Size & Forecast, 2020-2028
4.5.1 Bone Growth Therapy Devices Market Size and Y-o-Y Growth
4.5.2 Bone Growth Therapy Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Invasive
5.2.2 Ultrasound
5.2.3 Non-Invasive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Medical agencies
6.2.3 Orthopaedic clinics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bone Growth Therapy Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bone Growth Therapy Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Invasive
9.6.2 Ultrasound
9.6.3 Non-Invasive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Medical agencies
9.10.3 Orthopaedic clinics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Invasive
10.6.2 Ultrasound
10.6.3 Non-Invasive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Medical agencies
10.10.3 Orthopaedic clinics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Invasive
11.6.2 Ultrasound
11.6.3 Non-Invasive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Medical agencies
11.10.3 Orthopaedic clinics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Invasive
12.6.2 Ultrasound
12.6.3 Non-Invasive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Medical agencies
12.10.3 Orthopaedic clinics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Invasive
13.6.2 Ultrasound
13.6.3 Non-Invasive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Medical agencies
13.10.3 Orthopaedic clinics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bone Growth Therapy Devices Market: Competitive Dashboard
14.2 Global Bone Growth Therapy Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker
14.3.2 Medtronic
14.3.3 Zimmer Biomet Holdings
14.3.4 Altis Biologics
14.3.5 Arthrex
14.3.6 Bioventus
14.3.7 DJO Finance
14.3.8 Depuy Synthes (Johnson & Johnson)
14.3.9 Ember Therapeutics
14.3.10 ITO
14.3.11 Stryker
14.3.12 Isto Biologics
