Bone Growth Stimulator Market, by Product Type (Non-invasive Electrical Bone Growth Stimulators(Capacitive coupling (CC) devices, Pulsed electromagnetic field (PEMF) devices, Combined magnetic field (CMF) devices)), Invasive Electrical Bone Growth Stimulators, Ultrasound Bone Growth Stimulators, by Application (Trauma injury and Fractures, Spinal Fusion, Ontogenesis), by End User (Hospitals, Ambulatory Surgical Centers, Orthopaedic Clinics, Home Care), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Aug 2022

Code : CMI225

Pages :220

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Bone Growth Stimulator Market: Restraint

The major factors that hinder growth of the global bone growth stimulator market include availability of alternatives to bone growth stimulators. Traditional physiotherapy, yoga or Ayurveda treatment options are often recommended for non-union or delayed union bone fractures. Moreover, chiropractic is also used in diagnosis and treatment of mechanical disorders of the musculoskeletal system.

Restraints & Challenges:

Availability of alternatives to bone growth stimulators

Increasing prevalence of osteoporosis and osteoarthritis is expected to boost growth of the global bone growth stimulator market over the forecast period.

Increasing prevalence of osteoporosis and osteoarthritis is expected to boost growth of the global bone growth stimulators market over the forecast period. For instance, according to the study ‘Epidemiology and awareness of osteoporosis: a viewpoint from the Middle East and North Africa’ published in the International Journal of Clinical Rheumatology, in 2018, the prevalence of osteoporosis was 15.1% among women and 10.7% among men in Turkey. Moreover, high incidence of osteoporosis and osteopenia was detected among patients admitted to the geriatric department.

Moreover, in January 2021, according to data published by the National Center for Biotechnology Information, in the U.K. over 3 million people are estimated to have osteoporosis and there are estimated to be over 500,000 fragility fractures that occur in the U.K. each year. The highest prevalence of osteoporosis in the studied in Iran with 77.3% in 2019.

Increasing geriatric population is also expected to contribute to growth of market during the forecast period.

Increasing geriatric population is also expected to contribute to growth of market during the forecast period. For instance, according to the National Center for Biotechnology Information by 2050, the population of Egypt is expected to reach 130 million, of which over 30% would be aged 50 years and over. According to the Center for Disease Control and Prevention, in May 2022, the share of the global population aged 65 years or above is projected to rise from 10 per cent in 2022 to 16 per cent in 2050. Since 1900, the percentage of Americans aged 65 and older nearly quadrupled (from 4.1% in 1900 to 16% in 2019), and the number increased more than 17 times in 2022 (from 3.1 million to 54.1 million). The older population itself became increasingly older.

Furthermore, in October 2021, according to data published by the World Health Organization, by 2020, the number of people aged 60 years and older would outnumber children younger than 5 years. In 2050, 80% of older people would be living in low- and middle-income countries. By 2030, 1 in 6 people in the world would be aged 60 years or over. At this time the share of the population aged 60 years and over would increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older would double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.