Bone growth stimulator market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.52% in the above-mentioned forecast period. Growing patient preference for non-invasive and minimally invasive surgical treatments drives the bone growth stimulator market.
Bone growth factor is defined as a growth factor which stimulates the growth of bone tissue. After a fracture or spinal fusion surgery, the therapy which is suggested by the surgeons for the aiding is called bone growth stimulator which helps in the faster healing of the fractures. They are also known as osteogenesis stimulators devices and provide pain free ultrasound. They are very useful in cervical and lumbar spine surgery
Increasing target patient population is the vital factor escalating the market growth, also rising geriatric population, rising number of accidents and trauma, rising cases of bone-related disorders, rising bone and joint problems, rising technological advancement and development in the field of healthcare, rise in the demand for non-invasive and safer surgical treatments, rise in the government expenditure on healthcare and rise in the number of patients demanding bone growth stimulators are the major factors among others driving the bone growth stimulator market. Moreover, rising technological advancements and modernization in the healthcare sector, rising research and development activities in the market and rising emerging markets will further create new opportunities for bone growth stimulator market in the forecasted period of 2021-2028.