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The global bone growth stimulators industry market is anticipated to witness a higher market share during the forecast period. Bone growth stimulation incorporates bone healing to restore fractures or fusions by treating the fracture with electrical or ultrasonic current. Electrical stimulation is used externally on the body (noninvasive) or from within the body (invasive).Noninvasive electrical bone growth stimulators are applied on the external of the skin and treatment coils situated in the outer parts around the fracture of fusion site and an external power supply. Mainly there are three types of non-invasive bone growth stimulators, viz, capacitive coupling (CC) devices. CC devices use metal electrodes which are put on the skin to deliver the current. Pulse electromagnetic field devices (PEMF) use an externally applied coil to deliver the current which can be pulsed on or off and combine magnetic field devices (CMF) use external coil system coupled with direct and alternating current to produce both static and alternating magnetic fields.
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A bone growth stimulator is used in cases of failure of fracture healing and also enhance the bone-healing process without sensation of electrical shocks or current or any other sort of vibrations when applied by the user. The commercial market for bone growth stimulators is anticipated to grow at a higher CAGR during the forecast period in terms of value due to enhancing features of product, expansion in application and favourable reimbursements.
Market Drivers and Restraints:
The key driving factors responsible for the growth of bone stimulators market comprises rising economic factors such as enhancement in service sector, growth in personal income and rising per capita healthcare expenditure. However, factors such as availability of alternative therapies, device-related issues, uncertainty about efficacy and heavy competition restrain the market growth during the forecast period.
Product segmentation for Bone growth stimulators market include
• Invasive
• Ultrasound
• Non-invasive
End-user segmentation for bone growth stimulators market include
• Hospitals
• Medical agencies
• Orthopaedic clinics
Application category for bone growth stimulators market include,
• Trauma
• Fractures
• Spinal Injury
• Ortho
Geographical analysis for bone growth stimulators market include,
• North America
• Europe
• South - East Asia
• Japan
• China
• India
North America dominates the global market during the forecast period owing to consumer awareness about pain related to bone fracture and injury. Europe is the second largest contributor in the global market in terms of value and volume.
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You will find following details in this report:
In the Global Bone Growth Stimulator Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.
The key players in the global bone growth stimulators market include
• Orthofix International N.V.
• DJO LLC
• Elizur
• Zimmer Biomet Holdings Inc.
• Ossatec Benelux BV
• Bioventus LLC.
• Verve Consulting Inc
• IGEA S.p.A.
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