(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Bone Growth Stimulation Devices Market by Product (External/Noninvasive Electrical Bone Growth Stimulators, Internal/Invasive Electrical Bone Growth Stimulators, and Ultrasound Bone Growth Stimulators), by Application (Trauma Injury and Fractures, Spinal Infusion, Osteogenesis, and Others), and by End-User (Hospitals, Orthopedic Clinics, Home Care, and ASC's): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016—2026. According to the report, the global bone growth stimulation devices market was valued at approximately USD 713 million in 2017 and is expected to generate around USD 1,112 million by 2026, at a CAGR of around 5.1% between 2018 and 2026.
An electrical field is generated when a bone is bent or broken. This generation of the low-level electrical field is a part of a body's natural healing process, which stimulates bone healing. When the natural healing process fails, bone growth stimulation is used for initiating natural healing of bones. This device stimulates the process of bone healing by sending a low-level pulse of electromagnetic current to the fusion site or injury. It is a non-invasive treatment that helps to promote the healing of fractured bones or spinal fusions.
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Traditional methods for fracture treatment require multiple surgical procedures and successive hospital visits for follow-up, which is expensive and requires a longer waiting time. This, in turn, makes the bone healing process more painful. Moreover, the cost incurred in the application of minimally invasive bone growth stimulator is very less as compared to traditional treatment methods of fracture treatment. This has resulted in the improvement of the adoption rate for bone growth stimulators in both patients and prescribers. These are some factors anticipated to fuel the global market for bone growth stimulator devices in the upcoming years. However, the availability of different alternative therapies might hinder the bone growth stimulator devices market on a global scale.
The global bone growth stimulation devices market is divided based on product, application, and end-user. By product, the market for bone growth stimulation devices is classified into internal/invasive electrical bone growth stimulators, external/noninvasive electrical bone growth stimulators, and ultrasound bone growth stimulators. The external/noninvasive electrical bone growth stimulators are further classified into capacitive coupling devices, pulsed electromagnetic field devices, and combined magnetic field devices. External/noninvasive electrical bone growth stimulators are anticipated to dominate the market globally, owing to the rise in the demand for noninvasive surgical treatment for bone healing. By application, this global market segmented into trauma injury and fractures, spinal infusion, osteogenesis, and others. By end-user, the bone growth stimulation devices market is categorized into hospitals, orthopedic clinics, home care, and ambulatory surgical centers (ASCs). Hospitals are predicted to dominate the bone growth stimulation devices market globally in the future, owing to increasing number of patient admissions due to the rising number of road accidents, traumatic injuries, fractures, and spinal injuries.
By region, the global bone growth stimulation devices market includes North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America is projected to lead the bone growth stimulation devices market over the forecast time period. This can be attributed to the increasing occurrence of VCFs and osteoporosis, which has led to an increase in the demand for bone growth stimulators for improving healing. Improvement witnessed related to healthcare infrastructure, a large population base, and increasing prevalence of spinal disorders are other factors likely to drive the bone growth stimulation devices market growth in the Asia Pacific region in the future.
Some key players of the global bone growth stimulation devices market are DJO Global, Zimmer Biomet, Bioventus, and OrthoFix Medical Inc., among others.
This report segments the global bone growth stimulation devices market into:
Global Bone Growth Stimulation Devices Market: Product Analysis
- External/Noninvasive Electrical Bone Growth Stimulators
- Capacitive Coupling (CC) Devices
- Pulsed Electromagnetic Field (PEMF) Devices
- Combined Magnetic Field (CMF) Devices
Internal/Invasive Electrical Bone Growth Stimulators Ultrasound Bone Growth Stimulators Global Bone Growth Stimulation Devices Market: Application Analysis
- Trauma Injury and Fractures
- Spinal Infusion
- Osteogenesis
- Others
Global Bone Growth Stimulation Devices Market: End-User Analysis
- Hospitals
- Orthopedic Clinics
- Home Care
- ASCs
Global Bone Growth Stimulation Devices Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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