Bone Growth Stimulator Market Size

Bone Growth Stimulator Market size was valued at USD 2.29 billion in 2024 and is set to reach USD 5.37 billion by the end of 2037, expanding at around 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bone growth stimulator is assessed at USD 2.41 billion. The growth of the market is primarily ascribed to the growing incidences of bone fractures throughout the world.  Incidents such as falls, auto accidents, or sports injuries frequently result in fractures. However, certain health issues and repeated motions such as jumping, or exercising might also increase the likelihood of getting a specific type of fracture. For instance, it was observed in a study, worldwide, approximately 180 million (94% UI 161-197) new bone fractures were reported in 2019 (a boost of 34 % since 1990).

A bone growth stimulator is an electrical stimulation treatment used to enhance bone healing in complicated fractures. It is an alternative therapy that is mostly suggested by surgeons to speed up the healing process of fractures. The bone growth stimulator is also known as an osteogenesis stimulator device and delivers a pain-free ultrasound. The notably increasing cases of road accidents and trauma that lead to severe bone fractures are boosting the growth of the global bone growth stimulator market over the forecast period. Road accidents can cause many physical, emotional, and financial predicaments for the people affected. They are often caused owing to reasons such as not following traffic rules, driving in an inebriated state, and even poor road conditions cause many accidents every year. According to World Health Organization (WHO) data, globally, around 1.3 million people die in road accidents each year.