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Spine Bone Stimulators Market is expanding at $724 Mn by 2022 : AMR Research Study

04-10-2019 01:24 PM CET | Health & Medicine

Press release from: Allied Market Research

Spine Bone Stimulators Market

Spine Bone Stimulators Market

According to Allied Market Research, Global Spine Bone Stimulators Market, was valued at $562 million in 2015, and is predicted to reach $724 million by 2022, with a CAGR of 3.6% during the forecast period 2014 - 2022.

Bone stimulators are used to enhance the bone’s healing process, which is crucial for spinal fusion procedure. A bone stimulator, may be internal or external, is a small device that delivers low-voltage electrical currents directly to the spinal area where bone growth (spine fusion) is about to occur. Typically, these devices are worn after spine fusion. Factors such as increase in geriatric population and rise in incidence of spinal disorders boost the market growth. However, advent of bone growth stimulating drugs, fixation instrumentation during fusion and non-union fractures, and high initial cost of these devices are expected to impede this market growth.

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Spine bone stimulators are used during a spinal fusion surgery along with spinal instrumentation (plates, rods, and screws) and bone grafts. These stimulators send low-level electrical signals to the fusion site, in turn activating the body's natural bone healing process, which gets impaired in at-risk patients and preventing delayed unions or non-union of the spine fractures. According to an article published by NCBI in 2009, more than 10% of the total 7.9 million annual fracture patients in the U.S. experience non-union or delayed unions, thus complicating the treatment of bone fractures. Thus, to stimulate bone healing, stimulators such as electrical stimulators and low-intensity pulse ultrasound are used. Currently, non-invasive bone stimulators like pulse electromagnetic field (PEMF) stimulators are most commonly used, owing to their benefits such as low complication rates.

Increase in geriatric population and rise in incidence of osteoporosis and arthritis boost the market growth. However, advent of bone growth-stimulating drugs, fixation instrumentation during fusion and non-union fractures, and high initial cost of these devices are expected to impede the market growth. Non-invasive spine bone stimulators were the highest revenue-generating segment, accounting for more than two-thirds of the spine bone stimulators market.

North America accounted for the major share of revenue in 2015, and is expected to maintain its dominance throughout the forecast period. However, Asia-Pacific is projected to be the fastest growing region, registering a CAGR of 4.5%. Improvement in healthcare infrastructure and increase in expenditure in emerging markets (such as India and China) to overcome the unmet medical needs in these countries have supplemented the market growth.

Key findings of Spine Bone Stimulators Market:

• Non-invasive spine bone stimulators segment is expected to grow at a CAGR of 3.6% during the forecast period.
• Pulsed electromagnetic field device occupied more than three-fifths of the global non-invasive spine bone stimulators market in 2015.
• North America dominated and accounted for nearly two-thirds of the global market in 2015.
• France and Germany collectively accounted for almost one-third of the European spine bone stimulators market in 2015.
• Japan was the major shareholder in Asia-Pacific spine bone stimulators market in 2015, accounting for almost one-third share.

The key players operating in the spine bone stimulators market focus on expanding their business operations in emerging countries with new product launches as a preferred strategy. The major companies profiled in the report include Aetna, Inc., Bioventus LLC, DJO Global, Inc., elizur Corporation, IGEA S.p.A., Medtronic plc, Orchid Medical, Inc., Orthofix International N.V., Ossatec Benelux B.V., Smith & Nephew plc, Verve Consulting Inc., and Zimmer Biomet Holdings, Inc.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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