growth of the bone growth stimulators market is attributed to increase in demand for bone growth stimulator devices. Furthermore, rise in adoption of minimally invasive & non-invasive surgical treatments and surge in geriatric population across the globe are other factors that contribute to the growth of the market.

1. Opportunity Analysis and Industry Forecast, 2016-2023
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2. Bone Growth Stimulators Market size was valued at $1,242 million in 2018, and is projected to reach $1,869
million by 2026, growing at a CAGR of 5.2% from 2019 to 2026.
Bone growth stimulators are used to aid natural healing process of bones. They are also known as osteogenesis
stimulators, which offer pain-free ultrasound or electrical stimulation. Bone growth stimulators work by releasing
either a low-level pulsed electromagnetic field or pulsed ultrasonic energy. The cost incurred in the application of
minimally invasive bone growth stimulators is less as compared to traditional bone surgical treatment methods.
There are different bone growth stimulator products available in the bone growth stimulators market, which include
bone growth stimulation devices, bone morphogenetic proteins, and platelet-rich plasma.
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3. The bone growth stimulators market is expected to experience a significant growth during the forecast period,
owing to rise in incidence of fractured and accidents, rise in geriatric population, increase in inclination of patients
toward minimally invasive & non-invasive surgical treatments, rise in demand for platelet-rich plasma and bone
morphogenetic proteins, availability of cost effective bone growth stimulation devices, and surge in patient
awareness toward bone growth stimulators. I
n addition, increase in prevalence of arthritis, diabetes, and other medical conditions such as obesity, vascular
disease, and renal disorders; and procedural benefits provided by bone growth stimulation devices in bone
fracture treatment and orthopedic diseases boost the bone growth stimulators market growth.
However, stringent approval process and limited medical reimbursement policies for bone stimulation products are
expected to hinder the growth of the bone growth stimulators market.
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4. By product, the bone growth stimulation devices is the major revenue contributor, and is projected to grow
significantly during the forecast period
The key factors that drive the market growth are rise in demand for bone growth stimulation devices, rise in
geriatric population, increase in incidence of spinal deformities, technological advancements, development in bone
growth stimulation devices, and rise in number of bone and joint problems.
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5. Key Findings of the Study:
On the basis of product, the bone growth stimulation devices segment held more than 51.21% share in the
global market in 2018.
On the basis of application, the spinal fusion surgeries segment held largest market share in 2018, and is
expected to remain dominant throughout the forecast period.
According to distribution channel, the hospitals & clinics segment exhibits fastest growth and is expected to grow
at a CAGR of 5.6% from 2019 to 2026.
Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 7.0%
during the forecast period.
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