Top 10 Companies in Bone Growth Stimulator Market - Company Overview, Recent Developments and SWOT Analysis 2030
A Bone Growth Stimulator is a type of complementary therapy that works by enhancing the body's natural healing process by harnessing the potential provided by bone. Can be used as an alternative to bone surgery due to easy access and minimal complications during the procedure, as well as reduction in patient non-compliance. They are also known as osteogenesis stimulators and emit ultrasound without causing discomfort. They are especially used during cervical and lumbar spine surgery. Three types of bone growth stimulation devices are available: pulsed electromagnetic field devices, capacitive coupling devices, and combined magnetic field devices. Bone growth stimulation uses electrical currents or ultrasonic waves to promote bone healing during the treatment of union and non-union fractures, new fractures, and failed spinal fusions. The demand for bone growth stimulants is projected to increase due to the increase in the number of vertebral fractures and related sequelae. These devices are expected to be widely used in the treatment of delayed union and non-union bone fractures, which form a major segment of the market. One of the primary variables expected to drive demand for the studied market is the increase in the incidence of trauma and accidents across the globe. Aging population, rising incidence of orthopedic problems like osteoporosis and degenerative joint disorders and preference for minimally or non-invasive surgeries are all factors helping to drive the industry. During the healing of various fractures and spinal procedures, bone morphogenetic protein (BMP) and platelet-rich plasma (PRP) products support bone growth. As a result of faster healing and recovery, the use of these items during these surgeries is expected to increase.
Here are the top 10 companies operating in Propylene Market
Founded Year-1927
Headquarters-Warsaw, Indiana, U.S
Revenue- USD 7,836.20 million
No of Employees- 18,200
Zimmer Biomet is a publicly traded medical device company. The company designs, develops, manufactures and markets medical devices, providing orthopedic, dental and spinal reconstructive services to patients worldwide. Zimmer Biomet has been based in Warsaw since its establishment in 1927. Zimmer Biomet has operations in more than 25 countries worldwide and products are sold in more than 100 countries, the company maintains world-class scientific facilities and resources and collaborates with leading clinicians and researchers worldwide.
Founded Year-2001
Headquarters-Plymouth Meeting, Pennsylvania
No of Employee-200
Synergy Orthopedics is a trusted partner for patients recovering from musculoskeletal injuries and surgeries. Synergy Orthopedics provides orthopedic treatment services in the areas of ACL tears, drop foot syndrome, spine injuries and more. Synergy is the largest private practice orthopedic group in San Diego, providing patients with unparalleled personalized orthopedic care, delivered by the best medical professionals in Southern California. San Diego's select orthopedic surgeons have combined to create Synergy Orthopedic Specialist Medical Group that provides the highest standards of excellence in surgical and non-surgical orthopedic care.
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Founded Year-1941
Headquarters- Kalamazoo, Michigan, U.S.
Revenue-USD 17.11 Billion (2021)
No of Employees-46,000
Stryker Corporation is an American multinational medical technology corporation based in Kalamazoo, Michigan, the company's products include joint replacement and trauma surgery, surgical instruments and surgical navigation systems, endoscopic and communication systems, patient handling and emergency medical devices, and implants. Other medical device products are used in various medical specialties. They provide innovative products and services in medical and surgical, neurotechnology, orthopedics and spine that help improve patient and hospital outcomes.
Founded Year-2012
Headquartered – Durham, NC
Revenue- USD 430.90 Million
Employees-1,200
Bioventus Inc. is a global leader in innovation for active therapies through a combination of internal product development, manufacturing/business acquisitions and distribution agreements that will bring to market products that address the growing need for clinically effective, cost-effective minimally invasive medical therapies, which engage and enhance the body's natural healing process. The company focuses its medical product development on three segments: pain treatment, restorative treatment and surgical solutions. Bioventus also has offices in Memphis, TN, Farmindale, NY Valencia, CA, Hod Hasharon Israel and Mississauga, Ontario, Canada. Bioventus works with patient payers and healthcare providers worldwide.
Founded Year-1997
Headquarters – Hopkinton, MA
Employees- 111
Isto Biologics is focused on delivering patient outcomes, with the company's best-in-class product offerings including Arteriocyte's market-leading Magellan autologous platelet separator and Isto's bone growth and cell-therapy products, including InQu bone graft extenders and substitutes and natural bone. - Section material. Isto Biologies is an Orthobiologics company dedicated to improving patient quality of life by using the science of human biology to advance solutions for spine, orthopedics and sports, medicine. Isto is focused on cutting-edge science to produced novel orthobiologic products that are safe, efficacious and cost-effective. The company's platform specializes in developing orthobiologic and cell-based products that rapidly improve tissue repair and assist in spine, orthopedics, sports medicine, cardiac surgery and wellness, allowing patients to rapidly regain motion and function.
Bone Growth Stimulator Market is estimated to be US$ 2.14 billion by 2030 with a CAGR of 5.3% during the forecast period
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Founded Year-1949
Headquarters-Dublin, Ireland, Minneapolis, Minnesota, U.S.
Revenue- USD 30.12 Billion (2022)
No of Employees-95,000
Medtronic plc is an American medical device company, the company operates in more than 150 countries and employs more than 90.000 people. It develops and manufactures healthcare technologies and therapies, a company that designs, develops, manufactures and markets a wide range of medical devices and solutions. It offers products for the treatment of heart valve disorders, heart failure, and coronary artery disease, aortic, peripheral vascular, venous renal and neurological diseases, spine and musculoskeletal disorders and ear, nose and throat diseases, it also provides biologics. For the orthopedic and dental market.
Founded Year-1856
Headquarters-Watford, England, UK
Revenue- USD 5,212.00 Million (2021)
No of Employee-17,500
Smith & Nephew Inc., a subsidiary of Smith & Nephew Plc, is a medical technology company engaged in the development, manufacture, marketing and sale of medical devices and services. Its products and services include arthroscopic enabling technologies, hip implants, advanced wound care, knee implants, trauma and clinical therapy products.
Founded Year-1981
Headquarters-Naples, Florida
No-of Employees-5,000
Arthrex is a global medical device company and leader in new product development and medical education in orthopedics, with a corporate mission of Holding Surgeons Treat Their Patients Better, Arthrex has pioneered the field of arthroscopy and develops more than 1,000 innovative products and procedures annually. Arthex is experiencing unprecedented growth and demand for our products worldwide; however, they are a privately held company with a family business culture committed to providing uncompromising quality to the healthcare professionals who use the products and ultimately the millions of patients whose lives they impact.
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Founded: 1886
Revenue USD: 93.78 billion (2021)
Headquarter: New Brunswick, New Jersey, U.S.
Number of Employees: 144,500 (2021)
Johnson & Johnson is a public company which is headquartered in New Brunswick, New Jersey, U.S. Johnson & Johnson is an American multinational company. Johnson & Johnson is the developer of pharmaceutical products, medical devices, consumer packaged goods, etc. Johnson & Johnson is involved in various business sectors like in pharmaceutical sector includes – Immunology, neuroscience, cardiovascular & metabolic disease, infectious disease & vaccines, oncology, pulmonary hypertension, etc. Medtech sector includes – Orthopaedics Surgery, interventional solutions, etc. Consumer health sector includes – Medicines, baby care, women’s health, oral care, wound care, skin health, etc.