06 January 2023

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Bone growth stimulator market to increase by 6% by 2027

Rising number of hospitals, surgical centers present opportunities

Katherine E. Pfaff

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The global bone growth stimulators market is projected to reach $1.8 billion by 2027, an increase from an $1.36 billion in 2022, at a Compound Annual Growth Rate (CAG) of 5.9% during the forecast period. 

The growing demand for bone growth stimulators lies in spinal fusion surgeries applications, the rising preference for non-surgical and non-invasive treatment, according to a news release.

Bone growth stimulators are commonly used in spinal treatments and oral and maxillofacial surgeries. 

The increase is projected to be based on the ease of use of external devices, lower cost and the growing geriatric population. According to the report, the Asia-Pacific market is expected to grow at the highest CAGR during the forecast period.

In comparison to other devices in the segment, including ultrasonic and implanted bone growth stimulators, external devices hold the advantages of being noninvasive and not requiring surgery for implanting or removing devices. 

Learn more about the report on Research and Markets website.