Bone Growth Stimulators Market expected to grow at a CAGR of 9.5% during 2015 - 2025
Verfasser: pradnya_86 on Thursday, 22 June 2017Introduction
Bone growth stimulators are used in cases of delay or failure of fracture healing as they enhance the bone-healing process without the sensation of electrical shocks or currents or vibrations when worn by the user. An internal bone growth stimulator or invasive bone growth stimulator is implanted on the fusion site of the bone and it delivers small electrical currents. The internal bone growth stimulator is removed from the body after 6–12 months. External bone growth stimulator or non-invasive bone growth stimulators are portable devices worn externally and do not require surgical implantation. An external bone growth stimulator is prescribed for use for two to nine hours every day for around three to nine months.
Market Value and Forecast
In 2014, the bone growth stimulators market was valued at US$ 922.2 Mn, accounting for approximately 20% of the global orthobiologics market. The bone growth stimulators market is expected to expand at a CAGR of 9.5% in terms of value over 2015–2025 and account for US$ 2,502.0 Mn by 2025 end. Captivating product features, expanding application in the sports medicine industry, high disability cost payments, among others, are fuelling growth of the global bone growth stimulators market.
Market Dynamics