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Bone Growth Stimulators Market - Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

Bone Growth Stimulators Market – Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Bone Growth Stimulators Market: By Product (Bone Growth Stimulation Devices (Pulsed Electromagnetic Field Devices, Combined Magnetic Field Devices, Capacitive Coupling Devices, Implanted Bone Growth Stimulators, Ultrasonic Bone Growth Stimulators), Bone Morphogenetic Proteins, Platelet-Rich Plasma), By Application (Spinal Fusion Surgeries, Nonunion Fractures, Oral and Maxillofacial Surgeries, Others), By End User (Hospitals & Clinics, Academic & Research Institutes, Homecare, Others), and Geography

 

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Report

Description

Bone Growth Stimulators Market size was valued at USD 1.85 billion in 2021, growing at a CAGR of 4.7% from 2022 to 2028. Bone growth stimulation (BGS) is a therapy your surgeon may prescribe following a spinal fusion procedure. A bone growth stimulator is a supplemental device worn following cervical (neck) or lumbar (low back) spine surgery. BGS may be utilized to help spinal bone fuse after a fusion procedure or as a treatment for failed fusion. Due to a sharp drop in elective surgeries, a ban on organised sports, the temporary closure of O&P clinics, hospital access restricted to non-essential care, limited access to clinics, and slowed in-patient flow and referrals, the pandemic is expected to have a short-term negative impact on the bone growth stimulators market. The market is expected to gradually rise starting in the late second half of 2021, which could be attributed to addressing pre-COVID elective surgeries, an increase in the number of surgeries as a result of clearing backlogs as well as new cases, fully reopened healthcare services, large-scale recreation and physical work, and the reopening of organised sports. Long-term growth drivers such as the growing senior population and the rising prevalence of diabetes, obesity, and osteoarthritis will also continue to fuel the market’s expansion over the forecast period.

Bone Growth Stimulators Market

MARKET SUMMARY
-
4.7%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 4.7%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Bone Growth Stimulators Market

  • The report on global Bone Growth Stimulators Market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, end user and geography.
  • Bone Growth Stimulators Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Arthrex, Inc. (U.S.)
  • Isto Biologics (U.S.)
  • Harvest Technologies Corporation (U.S.)
  • Orthofix International N.V. (U.S.)
  • Medtronic plc (Ireland)
Dynamics

Bone Growth Stimulators Market

Increase in the incidence of bone related disorders is the key factor attributing the growth of the bone growth stimulators market. Technological advancements are enriching the growth of the market. Increasing prevalence of arthritis is another factor anticipating the growth of the market. The rising number of trauma and accident cases is considered as the major factor enhancing the growth of the market. Soaring osteoporosis cases is adding fuel for the growth of the market. According to the International Osteoporosis Foundation, worldwide, osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporotic fracture every 3 second. Osteoporosis is estimated to affect 200 million women worldwide – approximately one-tenth of women aged 60, one-fifth of women aged 70, two-fifths of women aged 80 and two-thirds of women aged 90. However, the high cost associated with the treatment is likely to hamper the growth of the market.

North-America got significant share

Bone Growth Stimulators Market

Geographically, global bone growth stimulators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America bone growth stimulators market holds the largest share in the global bone growth stimulators market. The increasing prevalence of the arthritis is enhancing the growth of the market in this region. According the Centers for Disease Control and Prevention (CDC), arthritis affects 54.4 million US adults, more than 1 of 4. It is a leading cause of work disability in the United States and one of the most common chronic conditions in the nation. As per the Arthritis Foundation, the most common type of arthritis is osteoarthritis, which affects an estimated 31 million Americans. By conservative estimates, about 54 million adults have doctor-diagnosed arthritis, almost 300,000 babies and children have arthritis or a rheumatic condition. Europe and the Asia Pacific bone growth stimulators market is projected to grow exponentially over the forecasted period owing to its increasing patient population.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, country market share, historic market (2017-2022) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Bone Growth Stimulators Market Segmentation

segmentation-block-image

Product

    • Bone Growth Stimulation Devices
    • Bone Morphogenetic Proteins
    • Platelet-Rich Plasma
segmentation-block-image

Application

    • Spinal Fusion Surgeries
    • Nonunion Fractures
    • Oral and Maxillofacial Surgeries
    • Others
segmentation-block-image

End User

    • Hospitals & Clinics
    • Academic & Research Institutes
    • Home Care
    • Others
Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Report

Table Of Content

1. Executive Summary
2. Global Bone Growth Stimulators Market Introduction
2.1. Global Bone Growth Stimulators Market – Taxonomy
2.2. Global Bone Growth Stimulators Market –Definitions
2.2.1. By Product
2.2.2. By Application
2.2.3. By End User
2.2.4. By Region
3. Global Bone Growth Stimulators Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Bone Growth Stimulators Market Dynamic Factors – Impact Analysis
3.6. Global Bone Growth Stimulators Market – Competition Landscape
4. Global Bone Growth Stimulators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Bone Growth Stimulators Market, By Product, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Bone Growth Stimulation Devices
5.1.1. Pulsed Electromagnetic Field Devices
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Combined Magnetic Field Devices
5.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Capacitive Coupling Devices
5.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Implanted Bone Growth Stimulators
5.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Ultrasonic Bone Growth Stimulators
5.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.2. Bone Morphogenetic Proteins
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Platelet-Rich Plasma
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Bone Growth Stimulators Market, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. Spinal Fusion Surgeries
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Nonunion Fractures
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Oral and Maxillofacial Surgeries
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Bone Growth Stimulators Market, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Hospitals & Clinics
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Academic & Research Institutes
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Homecare
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Bone Growth Stimulators Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Bone Growth Stimulators Market – Opportunity Analysis Index, By Product, Application, End User, and Region, 2020 – 2026
9. North America Bone Growth Stimulators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Bone Growth Stimulation Devices
9.1.1.1. Pulsed Electromagnetic Field Devices
9.1.1.2. Combined Magnetic Field Devices
9.1.1.3. Capacitive Coupling Devices
9.1.1.4. Implanted Bone Growth Stimulators
9.1.1.5. Ultrasonic Bone Growth Stimulators
9.1.2. Bone Morphogenetic Proteins
9.1.3. Platelet-Rich Plasma
9.2. Application Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Spinal Fusion Surgeries
9.2.2. Nonunion Fractures
9.2.3. Oral and Maxillofacial Surgeries
9.2.4. Others
9.3. End User Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Hospitals & Clinics
9.3.2. Academic & Research Institutes
9.3.3. Homecare
9.3.4. Others
9.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Bone Growth Stimulators Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 – 2026
9.6. North America Bone Growth Stimulators Market Dynamics – Trends
10. Europe Bone Growth Stimulators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Bone Growth Stimulation Devices
10.1.1.1. Pulsed Electromagnetic Field Devices
10.1.1.2. Combined Magnetic Field Devices
10.1.1.3. Capacitive Coupling Devices
10.1.1.4. Implanted Bone Growth Stimulators
10.1.1.5. Ultrasonic Bone Growth Stimulators
10.1.2. Bone Morphogenetic Proteins
10.1.3. Platelet-Rich Plasma
10.2. Application Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Spinal Fusion Surgeries
10.2.2. Nonunion Fractures
10.2.3. Oral and Maxillofacial Surgeries
10.2.4. Others
10.3. End User Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hospitals & Clinics
10.3.2. Academic & Research Institutes
10.3.3. Homecare
10.3.4. Others
10.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Bone Growth Stimulators Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 – 2026
10.6. Europe Bone Growth Stimulators Market Dynamics – Trends
11. Asia-Pacific Bone Growth Stimulators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Bone Growth Stimulation Devices
11.1.1.1. Pulsed Electromagnetic Field Devices
11.1.1.2. Combined Magnetic Field Devices
11.1.1.3. Capacitive Coupling Devices
11.1.1.4. Implanted Bone Growth Stimulators
11.1.1.5. Ultrasonic Bone Growth Stimulators
11.1.2. Bone Morphogenetic Proteins
11.1.3. Platelet-Rich Plasma
11.2. Application Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Spinal Fusion Surgeries
11.2.2. Nonunion Fractures
11.2.3. Oral and Maxillofacial Surgeries
11.2.4. Others
11.3. End User Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hospitals & Clinics
11.3.2. Academic & Research Institutes
11.3.3. Homecare
11.3.4. Others
11.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Bone Growth Stimulators Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 – 2026
11.6. Asia-Pacific Bone Growth Stimulators Market Dynamics – Trends
12. Latin America Bone Growth Stimulators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Bone Growth Stimulation Devices
12.1.1.1. Pulsed Electromagnetic Field Devices
12.1.1.2. Combined Magnetic Field Devices
12.1.1.3. Capacitive Coupling Devices
12.1.1.4. Implanted Bone Growth Stimulators
12.1.1.5. Ultrasonic Bone Growth Stimulators
12.1.2. Bone Morphogenetic Proteins
12.1.3. Platelet-Rich Plasma
12.2. Application Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Spinal Fusion Surgeries
12.2.2. Nonunion Fractures
12.2.3. Oral and Maxillofacial Surgeries
12.2.4. Others
12.3. End User Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hospitals & Clinics
12.3.2. Academic & Research Institutes
12.3.3. Homecare
12.3.4. Others
12.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Bone Growth Stimulators Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 – 2026
12.6. Latin America Bone Growth Stimulators Market Dynamics – Trends
13. Middle East and Africa Bone Growth Stimulators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Product Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Bone Growth Stimulation Devices
13.1.1.1. Pulsed Electromagnetic Field Devices
13.1.1.2. Combined Magnetic Field Devices
13.1.1.3. Capacitive Coupling Devices
13.1.1.4. Implanted Bone Growth Stimulators
13.1.1.5. Ultrasonic Bone Growth Stimulators
13.1.2. Bone Morphogenetic Proteins
13.1.3. Platelet-Rich Plasma
13.2. Application Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Spinal Fusion Surgeries
13.2.2. Nonunion Fractures
13.2.3. Oral and Maxillofacial Surgeries
13.2.4. Others
13.3. End User Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hospitals & Clinics
13.3.2. Academic & Research Institutes
13.3.3. Homecare
13.3.4. Others
13.4. Country Analysis 2017 – 2021 and Forecast, 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA Bone Growth Stimulators Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2020 – 2026
13.6. MEA Bone Growth Stimulators Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Orthofix International N.V.
14.2.2. DJO Finance LLC
14.2.3. Zimmer Biomet Holdings, Inc.
14.2.4. Bioventus LLC
14.2.5. Medtronic PLC
14.2.6. Stryker Corporation
14.2.7. Depuy Synthes
14.2.8. Arthrex, Inc.
14.2.9. Isto Biologics
14.2.10. Harvest Technologies
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • Orthofix International N.V.
  • DJO Finance LLC
  • Zimmer Biomet Holdings, Inc.
  • Bioventus LLC
  • Medtronic PLC
  • Stryker Corporation
  • Depuy Synthes
  • Arthrex, Inc.
  • Isto Biologics

Description

Bone Growth Stimulators Market size was valued at USD 1.85 billion in 2021, growing at a CAGR of 4.7% from 2022 to 2028. Bone growth stimulation (BGS) is a therapy your surgeon may prescribe following a spinal fusion procedure. A bone growth stimulator is a supplemental device worn following cervical (neck) or lumbar (low back) spine surgery. BGS may be utilized to help spinal bone fuse after a fusion procedure or as a treatment for failed fusion. Due to a sharp drop in elective surgeries, a ban on organised sports, the temporary closure of O&P clinics, hospital access restricted to non-essential care, limited access to clinics, and slowed in-patient flow and referrals, the pandemic is expected to have a short-term negative impact on the bone growth stimulators market. The market is expected to gradually rise starting in the late second half of 2021, which could be attributed to addressing pre-COVID elective surgeries, an increase in the number of surgeries as a result of clearing backlogs as well as new cases, fully reopened healthcare services, large-scale recreation and physical work, and the reopening of organised sports. Long-term growth drivers such as the growing senior population and the rising prevalence of diabetes, obesity, and osteoarthritis will also continue to fuel the market’s expansion over the forecast period.

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