NEW YORK, Aug. 13, 2021 /PRNewswire/ — The global bone growth stimulation devices market is expected to grow by USD 380.59 million during 2021-2025, according to Technavio. The report provides an in-depth analysis of the competitive scenario with vendors holding dominant market positions including Bioventus LLC (US), BTT Health GmbH (Germany), Colfax Corp.(US), Fintek Bio Electric Inc.(Canada), IGEA Spa (Italy), Medtronic Plc (Ireland), Orthofix Medical Inc.(US), Ossatec Benelux Ltd. (The Netherlands), Stimulate Health Inc.(Canada), and Zimmer Biomet Holdings Inc. (US).
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The bone growth stimulation devices market is driven by bone degeneration in the elderly population, an increase in product launches, and growing orthopedic conditions and surgical cases. These factors are expected to lead the bone growth stimulation devices market to grow at a healthy CAGR of 5.41%. However, stringent regulatory guidelines might create a hindrance to the growth of the market.
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Top 5 Bone Growth Stimulation Devices Companies:
Bioventus LLC operates in two key geographic business segments, namely the US and International The company offers bone growth stimulation device under the brand name Humana.
BTT Health GmbH
The company manufactures ultrasound bone growth stimulators. They offer bone4ce for bone growth stimulation devices.
Colfax Corp. operates in key operating segments including Fabrication technology and Medical technology. They offer OL1000 and Spinalogic for bone growth stimulation devices.
Fintek Bio Electric Inc.
The company offers high-quality capacitive coupling bone growth stimulators. They cater to the healthcare industry by providing Bio Electric Response for bone growth stimulation devices.
The company manufactures medical, surgical, ophthalmic, and veterinary instruments and apparatus. They provide CervicalStim and SpinalStim for bone growth stimulation devices.
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Bone Growth Stimulation Devices Market Product Outlook (Revenue, USD mn, 2020-2025)
- External – size and forecast 2020-2025
- Internal – size and forecast 2020-2025
Bone Growth Stimulation Devices Market Geography Outlook (Revenue, USD mn, 2020-2025)
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- Asia – size and forecast 2020-2025
- ROW – size and forecast 2020-2025
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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