Bone Growth Stimulator Market Growth Trends Analysis and Dynamic Demand, Forecast 2016 to 2030


The Bone Growth Stimulator Market is valued at around USD 1.5 Billion in 2022 and is expected to reach USD 1.9 Billion by 2030, registering a CAGR of 6.1% over the forecast period

bone-growth

Bone Growth Stimulator Market

Some people who undergo spinal fusion surgery and bone damage have trouble recovering. Numerous of these examples involve potential health issues that could have hampered the bones' normal healing process. Doctors frequently recommend bone development therapy, also known as bone growth stimulation, to help patients overcome healing difficulties.

Devices called Orthofix Bone Growth Therapy offer a secure, non-invasive method of treating spinal fusions and broken bones that haven't healed or aren't mending well. The devices deliver low-level electromagnetic energy pulses to the damage or fusion site in order to promote the bone's natural healing process.

The global market for bone growth stimulators is anticipated to be driven by an increase in demand in emerging nations during the projected period. Other factors influencing the expansion of the global market include the rise in accidents and spinal injuries, the prevalence of orthopaedic diseases, and the rise in the number of persons susceptible to orthopaedic disorders. In order to provide better products, companies in the bone growth stimulators market are concentrating on technological developments. To boost patient acceptability of these devices, they should step up their R&D efforts to develop more cheap electronic bone growth stimulators.

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Medical tourism has risen somewhat as a result of the region's availability of top-notch healthcare facilities. The projected continuation of this pattern will increase demand for bone growth stimulators in the years to come.

For instance, Biodynamic Tech introduced many bone growth stimulators, including Cervical-Stim, the only osteogenesis stimulator recognised by the U.S. Food and Drug Administration (FDA) as a supplementary, non-invasive treatment option for cervical fusion.

The CMF OL1000 Bone Growth Stimulators are battery-operated, portable medical devices used to treat existing nonunion fractures obtained as a result of trauma noninvasively, excluding vertebrae and flat bones.

The Bone Growth Stimulator Market – Market Trends

 The bone growth stimulators market has been divided into three product categories: devices, bone morphogenetic protein (BMP), and platelet-rich plasma (PRP). The devices section is further divided into implantable and external devices. Pulsed electromagnetic field devices, combined magnetic field devices, capacitive coupling devices, and ultrasonic devices are further categories of external devices. In 2018, the gadgets market sector held a sizable market share.

The occurrence of spinal injuries is expected to rise during the projection period, along with the demand for external devices for treatment and technological improvements in pulsed electromagnetic field and mixed magnetic field devices.

Due to less operating complications, a shorter hospital stays, less pain, less postoperative care, a speedier recovery, smaller and more cosmetic incisions, and a lower risk of infection, minimally invasive (MI) operations are becoming more and more popular. One of the main reasons influencing the market is this, along with the rising elderly population in the world.

The Bone Growth Stimulator Market – Segmentation

The Bone Growth Stimulator Market fragrance concentrates market has been sub-classified into product, application, end-user.

 On the basis of product, the Bone Growth Stimulator Market is bifurcated into:

• Bone Growth Stimulation Devices

• Electrical Bone Growth Stimulators

• Capacitive Coupling (CC) Devices

• Combined Magnetic Field Devices (CMF)

• Pulsed Electromagnetic Field Devices (PEMF)

• Implantable Bone Growth Stimulators

• Ultrasonic Bone Growth Stimulators

• Bone Morphogenetic Proteins

• Platelet-Derived Growth Factor

• Others

 On the basis of application, the market is segmented into: 

• Spinal fusion

• Maxillofacial and dental

• Non-union and union bone fractures

• Others

 On the basis of end-user, the market segmented into:

• Hospitals

• Homecare

• Others

The Wi-Fi Market – Key Market players

Global key players of Bone Growth Stimulator Market include Orthofix Medical Inc. (US), Enovis (DJO Finance, LLC) (US), ZimVie (US), Bioventus LLC (US), Medtronic plc (Ireland), Stryker (US), DePuy Synthes (US), Arthrex, Inc. (US), Isto Biologics (US Terumo Corporation (Japan), Ember Therapeutics, Inc. (US), Ossatec Benelux Ltd. (Netherlands), Altis Biologics (Pty) Ltd. (South Africa), Regen Lab SA (Switzerland), ITO Co., Ltd. (Japan), Elizur Corporation (US), BTT Health GmbH (Germany), Stimulate Health (Canada), VQ OrthoCare (US), and Kinex Medical Company, LLC (US).

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Published in

Electronics

Published on

Nov 09, 2022

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