According to a new report published by UnivDatos Markets Insights, the Spine Bone Stimulators Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 4.5% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Spine Bone Stimulators Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 4.5% from 2022-2028. The analysis has been segmented into Product (Non-Invasive Spine Bone Stimulators, Invasive Spine Bone Stimulators); Application (Open Spine Surgery, Minimally Invasive Spine Surgery); End-Users (Hospitals, Specialty Clinics, Others); Region/Country.
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The spine bone stimulators market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the spine bone stimulators market. The spine bone stimulators market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the spine bone stimulators market at the global and regional levels.
Market Overview
The demand for spinal bone stimulators can be attributed to the Increase in the number of cases associated with bone diseases such as rheumatoid arthritis, osteoporosis, Paget’s diseases of bone, traumatic incidents, and other conditions across the globe. For instance, in 2022, according to very wealth.com, More than 22% of American adults (over 52.5 million people) have arthritis or another rheumatic condition diagnosed by a doctor. 7.3% of people aged 18-44 have doctor-diagnosed arthritis; 30.3% of people aged 45-64; and 49.7% of those over 65, and by 2030, the number of people with arthritis (adults 18 years and older) is expected to rise to 67 million. Owing to the glaring statistics, the rising prevalence of arthritis due to aging and obesity increases the demand for spine bone stimulators and is anticipated to grow in the forthcoming years mainly. Moreover, the rise in the geriatric population and the increase in the number of people with post-traumatic skeletal difficulties are fueling the demand for the spine bone stimulators market. Furthermore, the rise in technological advancements in spine bone stimulators, and the increase in adoption rate for spine bone stimulators by both patients and prescribers are expected to drive the market for spine bone stimulators market in the coming years.
Some of the major players operating in the market are Aetna Inc., Bioventus LLC, IGEA S.p.A., Elizur Corporation, Medtronic plc, Zimmer Biomet Holdings, Orthofix Medical Inc, ManaMed Inc., Ossatec Benelux BV, Orchid Medical, Inc.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The COVID-19 pandemic had a short-term negative impact on the global market due to postponed elective surgeries, temporary closure of orthopedic clinics, a ban on organized sports, non-essential care restrictions across hospitals, and a slowdown in in-patient flow and referrals. For instance, in March 2020, the Centers for Medicare & Medicaid Services (CMS) announced that all non-essential medical, surgical, and elective surgeries and dental procedures had been postponed during the COVID-19 outbreak.
The global spine bone stimulators market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the application, the market is fragmented into open spine surgery and minimally invasive spine surgery. The minimally invasive spine surgery segment grabbed a considerable market share and is expected to grow at a significant CAGR during the forecast period. With the rise in technological advancements in spinal surgery the adoption rate of minimally invasive spinal surgeries is boosting.
· Based on the end-users, the market is fragmented into hospitals, specialty clinics, and others. The hospital segment grabbed a considerable market share and is expected to grow at a significant CAGR during the forecast period owing to increasing admission of patients suffering from traumatic injuries, road accidents, spinal injuries, and fractures.
Spine Bone Stimulators Market Geographical Segmentation Includes:
· North America (United States, Canada, and the Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)
· Rest of the World
North America constitutes a major market for the spine bone stimulators industry due to the high prevalence of osteoporosis or vertebral fractures, the rise in bone and joint problems, the large presence of medical device companies, and the well-developed healthcare infrastructure.
The major players targeting the market include
· Aetna Inc.
· Bioventus LLC
· IGEA S.p.A.
· Elizur Corporation
· Medtronic plc
· Zimmer Biomet Holdings
· Orthofix Medical Inc
· ManaMed Inc.
· Ossatec Benelux BV
· Orchid Medical Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Spine bone stimulators market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Click here to view the Report Description & TOC - https://univdatos.com/report/spine-bone-stimulators-market/
Key questions resolved through this analytical market research report include:
• What are the latest trends, patterns, and technological advancements in the market of spine bone stimulators?
• Which factors are influencing the spine bone stimulators market over the forecast period?
• What are the global challenges, threats, and risks in the spine bone stimulators market?
• Which factors are propelling and restraining the spine bone stimulators market?
• What are the demanding global regions of the spine bone stimulators market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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