Bone Growth Stimulator Market 2019 Industry Analysis, Size, Share, Growth, Trends and Forecast

Author: Robert Henric

According to the new market research report "Bone Growth Stimulator Market by Product (Device, Bone morphogenetic protein, PRP), Application (spinal fusion, Delayed Union & Non Union Bone Fracture, Dental, Maxillofacial), End User (Hospitals, Home care, Academia, CROs) - Global Forecast", published by MarketsandMarkets™.

During this research study, major players operating in the market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size.

Bone growth stimulation devices offer a cost-effective and safer alternative mode to treat orthopedic diseases as compared to traditional surgical therapies for nonunion bone fractures. These devices have been reported to shorten the patient’s hospital stay as well as lessen the risks of complications and infections.

The global Bone Growth Stimulator market is expected to reach USD 1.41 billion, at a CAGR of 5.4%

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Major Driving Factors For Market:

  • Growing patient preference for noninvasive and minimally invasive surgical treatments
  • Increasing Target Patient Population
  • Procedural Benefits Offered By Bone Stimulation Devices in Bone Fracture Treatment

Bone growth stimulators include the medical devices (external and internal bone growth stimulators) and biologics (PRP and BMP); that are used during or post or after orthopedic treatments related to bone regeneration (including spine fusion surgery, bone fractures, and bone grafts, among others) in order to enhance the bone healing process.

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Bone Growth Stimulator Market, by Product

  • Bone Growth Stimulation Devices
  • External Bone Growth Stimulators
  • Combined Magnetic Field (CMF) Devices
  • Capacitive Coupling (CC) Devices
  • Pulsed Electromagnetic Field (PEMF) Devices
  • Implanted Bone Growth Stimulators
  • Ultrasonic Bone Growth Stimulators
  • Bone Morphogenetic Proteins (BMP)
  • Platelet-rich Plasma (PRP)

Bone Growth Stimulator Market, by Application:-

  • Spinal Fusion Surgeries
  • Delayed Union & Nonunion Bone Fractures
  • Oral and Maxillofacial Surgeries
  • Other Applications

Orthofix International N.V. (U.S.), Medtronic plc (Ireland), and Zimmer Biomet Holdings, Inc. (U.S.) are some of the key players in the market.

On the basis of region, this market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. the global bone growth stimulators market was dominated by North America mainly due to the growing elderly population, increasing incidence of arthritis and sports injuries, adoption of novel treatment options, and rising demand for minimally invasive spinal surgeries.