Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Bone Growth Stimulators Market – Insights

Bone growth stimulation is utilized to promote bone healing in difficult to heal fractures. Bone growth stimulators are used to enhance the bone healing process without the sensation of electrical shocks or currents or vibrations when being worn by the user. The devices stimulate the natural healing process of bone by sending low?level pulses of electromagnetic energy to the injury or fusion site.

Statistics:

The global bone growth stimulators market is estimated to account for US$ 2,975.5 Mn in terms of value and 1,165,560 Units in terms of volume by the end of 2027.

Global Bone Growth Stimulators Market: Drivers

Increasing prevalence of osteoporosis and osteoarthritis is expected to boost growth of the global bone growth stimulators market over the forecast period. For instance, according to the study ‘Epidemiology and awareness of osteoporosis: a viewpoint from the Middle East and North Africa’ published in the International Journal of Clinical Rheumatology, in 2018, the prevalence of osteoporosis was 15.1% among women and 10.7% among men in Turkey. Moreover, high incidence of the osteoporosis and osteopenia was detected among patients admitted to the geriatric department.

Therefore, increasing geriatric population is also expected to contribute to growth of the market. For instance, according to the same source, by 2050, the population of Egypt is expected to reach 130 million, of which over 30% will be aged 50 years and over.

North America region held dominant position in the global bone growth stimulators market in 2018, accounting for 42.3% share in terms of volume, followed by Europe.

Figure 1. Global Bone Growth Stimulators Market Value (US$ Mn), by Region, 2018

Bone Growth Stimulator  | Coherent Market Insights

Global Bone Growth Stimulators Market: Restraints

Traditional physiotherapy, yoga or Ayurveda treatment options are often recommended for non-union or delayed union bone fractures. Moreover, chiropractic is also used in diagnosis and treatment of mechanical disorders of the musculoskeletal system. Therefore, availability of alternatives to bone growth stimulators is expected to hamper growth of the market over the forecast period. 

Moreover, the amount of scientific data that highlights the effectiveness of bone growth stimulators is low. Use of bone growth stimulators may also lead to adverse effects such as increased pain, numbness and tingling, headache, migraines and nausea. Such scenario is also expected to restrict growth of the global bone growth stimulators market.

Market Opportunities

The cost of treatments using bone growth stimulators is considerably high and may reach US$ 6,000. Therefore, reduction in cost of devices is expected to offer lucrative growth opportunities for market players.

Moreover, increasing awareness regarding the use and benefits of bone growth stimulators and new technologically advance product launch is also expected to aid in market growth. For instance, in November 2019, Advanced Biomedical Technologies Inc., a manufacturer of novel orthopedic internal fixation devices, announced the official launch of its sales campaign.

Bone Growth Stimulator  | Coherent Market Insights

Noninvasive Electrical Bone Growth Stimulators segment in the global bone growth stimulators market was valued at US$ 660.1 Mn in 2018 and is expected to reach US$ 1,528.3 Mn by 2027 at a CAGR of 9.8%% during the forecast period.

Market Trends/Key Takeaways

There are several insurance cover policies that offer reimbursement for electrical and ultrasound bone growth stimulators for non-union or delayed union fractures. Some of these include, Regence, United Healthcare, Humana, Aetna, and Blue Cross.

Increasing R&D bone growth stimulation is expected to boost growth of the market. For instance, in August 208, in the study ‘Osteogenic Effect of ZnO-Mesoporous Glasses Loaded with Osteostatin’, researchers from Instituto de Investigación Hospital, assessed the biological consequences of the concurrent inclusion of ZnO and osteostatin impregnation in mesoporous bioactive glasses – a family of bioceramics that are clinically used as scaffolds for bone regeneration.

Global Bone Growth Stimulators Market: Competitive Landscape

Major players operating in the global bone growth stimulators market include, DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Precyse Solutions LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.

Key players in the market are focused on product launch and approval to expand their product portfolio. For instance, in November 2019, 4WEB Medical, an orthopedic device company, announced the initial launch and completion of the first procedures with the Cervical Spine Truss System-Stand Alone (CSTS-SA). The 3D printed truss design of the implants stimulate bone growth.

Key players in the market are also focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in December 2019, Bone Bank Allografts (BBA), a provider of regenerative medicine technologies, announced partnership with Yankee Alliance, a group purchasing organization (GPO). The agreement covers BBA’s comprehensive portfolio of orthobiologics that include surgical allograft options from traditional bone and soft tissues to specialty custom products for transplant.

Bone growth stimulators stimulates the natural healing of bone using electrical - ultrasonic current to the site of fracture. These electrical stimulation are can be applied non-invasively or invasively. Rapid increasing in fractures and technological development has led to development of highly efficient systems to cater the growing demand for bone growth stimulators in developed and developing economies. According to the reports published by the International Osteoporosis Foundation, approximately 8.9 million fractures occur due to osteoporosis.

Key features of the study:

  • This report provides in-depth analysis of the Bone growth stimulators market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Bone growth stimulators market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Precyse Solutions LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Bone growth stimulators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Bone growth stimulators market

Detailed Segmentation:

  • Bone Growth Stimulators Market, By Product Type:
    • Non-invasive Electrical Bone Growth Stimulators
      • Capacitive coupling (CC) devices
      • Pulsed electromagnetic field (PEMF) devices
      • Combined magnetic field (CMF) devices
    • Invasive Electrical Bone Growth Stimulators
    • Ultrasound Bone Growth Stimulators
  • Bone Growth Stimulators Market, By Application:
    • Trauma injury and Fractures
    • Spinal Fusion
    • Ontogenesis
  • Bone Growth Stimulators Market, By End User:
    • Hospitals
      • 500+ Beds
      • 200-499 Beds
      • Less than 200 Beds
    • Ambulatory Surgical Centers
    • Orthopaedic Clinics
    • Home Care
  • Bone Growth Stimulators Market, By Region:
    • North America
      • By Product Type:
        • Non-invasive Electrical Bone Growth Stimulators
          • Capacitive coupling (CC) devices
          • Pulsed electromagnetic field (PEMF) devices
          • Combined magnetic field (CMF) devices
        • Invasive Electrical Bone Growth Stimulators
        • Ultrasound Bone Growth Stimulators
      • By Application
        • Trauma injury and Fractures
        • Spinal Fusion
        • Ontogenesis
      • By End User
        • Hospitals
          • 500+ Beds
          • 200-499 Beds
          • Less than 200 Beds
        • Ambulatory Surgical Centers
        • Orthopaedic Clinics
        • Home Care
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Non-invasive Electrical Bone Growth Stimulators
          • Capacitive coupling (CC) devices
          • Pulsed electromagnetic field (PEMF) devices
          • Combined magnetic field (CMF) devices
        • Invasive Electrical Bone Growth Stimulators
        • Ultrasound Bone Growth Stimulators
      • By Application
        • Trauma injury and Fractures
        • Spinal Fusion
        • Ontogenesis
      • By End User
        • Hospitals
          • 500+ Beds
          • 200-499 Beds
          • Less than 200 Beds
        • Ambulatory Surgical Centers
        • Orthopaedic Clinics
        • Home Care
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Non-invasive Electrical Bone Growth Stimulators
          • Capacitive coupling (CC) devices
          • Pulsed electromagnetic field (PEMF) devices
          • Combined magnetic field (CMF) devices
        • Invasive Electrical Bone Growth Stimulators
        • Ultrasound Bone Growth Stimulators
      • By Application
        • Trauma injury and Fractures
        • Spinal Fusion
        • Ontogenesis
      • By End User
        • Hospitals
          • 500+ Beds
          • 200-499 Beds
          • Less than 200 Beds
        • Ambulatory Surgical Centers
        • Orthopaedic Clinics
        • Home Care
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Non-invasive Electrical Bone Growth Stimulators
          • Capacitive coupling (CC) devices
          • Pulsed electromagnetic field (PEMF) devices
          • Combined magnetic field (CMF) devices
        • Invasive Electrical Bone Growth Stimulators
        • Ultrasound Bone Growth Stimulators
      • By Application
        • Trauma injury and Fractures
        • Spinal Fusion
        • Ontogenesis
      • By End User
        • Hospitals
          • 500+ Beds
          • 200-499 Beds
          • Less than 200 Beds
        • Ambulatory Surgical Centers
        • Orthopaedic Clinics
        • Home Care
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Non-invasive Electrical Bone Growth Stimulators
          • Capacitive coupling (CC) devices
          • Pulsed electromagnetic field (PEMF) devices
          • Combined magnetic field (CMF) devices
        • Invasive Electrical Bone Growth Stimulators
        • Ultrasound Bone Growth Stimulators
      • By Application
        • Trauma injury and Fractures
        • Spinal Fusion
        • Ontogenesis
      • By End User
        • Hospitals
          • 500+ Beds
          • 200-499 Beds
          • Less than 200 Beds
        • Ambulatory Surgical Centers
        • Orthopaedic Clinics
        • Home Care
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Non-invasive Electrical Bone Growth Stimulators
          • Capacitive coupling (CC) devices
          • Pulsed electromagnetic field (PEMF) devices
          • Combined magnetic field (CMF) devices
        • Invasive Electrical Bone Growth Stimulators
        • Ultrasound Bone Growth Stimulators
      • By Application
        • Trauma injury and Fractures
        • Spinal Fusion
        • Ontogenesis
      • By End User
        • Hospitals
          • 500+ Beds
          • 200-499 Beds
          • Less than 200 Beds
        • Ambulatory Surgical Centers
        • Orthopaedic Clinics
        • Home Care
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • DJO LLC *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Orthofix International N.V.
    • Zimmer Biomet Holdings Inc.
    • Elizur
    • Bioventus LLC.
    • Precyse Solutions LLC.
    • Ossatec Benelux BV
    • Verve Consulting Inc.
    • IGEA S.p.A.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Product launch
    • Regulatory Scenario
    • PEST Analysis
    • Mergers and Acquisitions
  4. Global Bone Growth Stimulators Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Noninvasive Electrical Bone Growth Stimulators
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
        • Capacitive coupling (CC) devices
        • Pulsed electromagnetic field (PEMF) devices
        • Combined magnetic field (CMF) devices
    • Invasive Electrical Bone Growth Stimulators
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
    • Ultrasound Bone Growth Stimulators
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
  5. Global Bone Growth Stimulators Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Trauma injury and Fractures
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
    • Spinal Fusion
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
    • Ontogenesis
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
  6. Global Bone Growth Stimulators Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
        • 500+ Beds
        • 200-499 Beds
        • Less than 200 beds
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
    • Orthopedic Clinics
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
    • Home Care
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
  7. Global Bone Growth Stimulators Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size, Volume and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Application, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • U.S.
        • Canada
    • Latin America
      • Market Size, Volume and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Application, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size, Volume and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Application, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size, Volume and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Application, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size, Volume and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Application, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size, Volume and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Application, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Million and Units)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • DJO LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Orthofix International N.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Zimmer Biomet Holdings Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Elizur
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bioventus LLC.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Precyse Solutions LLC.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ossatec Benelux BV
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Verve Consulting Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • IGEA S.p.A.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 42 market data tables and 44 figures on “Bone Growth Stimulators Market - Global forecast to 2027”.

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