The Global “Bone Growth Stimulators” Market is likely to gain traction from recent advancements in tissue regeneration and healing. According to a report by Fortune Business Insights, titled “Bone Growth Stimulators Market Size, Share and Global Trend By Product Type (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Derived Growth Factor (PDGF)), By Application (Spinal Fusion, Maxillofacial and Dental, Non-union and Union Bone Fractures), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Home Care), and Geography Forecast till 2026,” the market was valued at US$ 1,837.2 Mn in 2018. Fortune Business Insights further states that this market will be valued at US$ 2,624.8 Mn by the end of 2026, thereby exhibiting a CAGR of 4.6%.
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Leading Players operating in the Bone Growth Stimulators Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
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Increasing Investment in Research and Development to Boost the Market
The growing investments in research and development of bone growth stimulators is boosting the global market. With increasing awareness about the need for early diagnosis of disorders such as spondylitis and other spinal diseases, there has been a growing emphasis on the research and development of drugs related to bone growth stimulation.
Furthermore, to aid geriatric population, governments across the world have been putting in more efforts to improve health reimbursement policies. The aforementioned factors are likely to favour the growth of the global bone growth stimulators market in the forecast period.
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Electrical and Magnetic Field Concept to Boost Operation of Bone Growth Stimulators
The combined magnetic field (mf) concept was hugely beneficial for spinal fusion. Magnetic Field (MF) is used for pre-processing of osteogenesis, where-in tissue regeneration and growth is initiated. Electrical bone growth stimulation is used in patients with bone healing problems. They supplement tissue regeneration which stimulate the spinal fusion and bone growth. Electrical bone growth stimulators play a major part in spinal fusion among patients who possess a higher grade of disorders or in serious cases. Thus, the drawbacks of normal spinal fusion are overcome by electrical and magnetic bone growth stimulators. The benefits of these concepts have a positive impact on the global bone growth stimulators market and is likely to drive the market in the forthcoming years.
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