The Global Spine Bone Stimulators Market size is expected to reach $626.2 million by 2028, rising at a market growth of 4.1% CAGR during the forecast period.
A bone stimulator is an important part of a spinal fusion operation that helps the bone to recover faster. A bone stimulator is a tiny device that sends low-voltage electrical impulses straight to the spine region where bone formation (spine fusion) is about to begin. It can be internal or external. These devices are usually worn following a spinal fusion. During a spinal fusion, a bone stimulator is employed. Spine bone stimulators, as well as spinal equipment (plates, rods, and screws) and bone grafts, are used during spinal fusion surgery. These stimulators transmit low-level electrical signals to the fusion region, stimulating the body's natural bone process of healing, which is slowed in at-risk individuals, thus preventing delayed or non-union of spine fractures.
According to a report released by the United Spinal Association in August 2020, approximately 296,000 Americans are living with spinal cord injury, and approximately 17,900 new spinal injury cases are reported each year, with men accounting for roughly 78 percent of new spinal cord injury cases.
The purpose of spine fusion is to create stability throughout the disc space by joining two freely moving bones and causing them to fuse. This procedure is in direct opposition to how healthy spinal segments should function. When a spinal disc is fully worn out, a spinal bone is fractured, or the vertebrae are slipping on each other, they must be supported and maintained. Surgeons disagree on the ideal way, but much as a cast permits a broken bone to mend, the bones in the spine would not join together unless they have been held still.
The Spine Bone Stimulator market is expected to be negatively impacted by the COVID-19 pandemic. The COVID-19 pandemic hampered the detection and treatment of spinal injury in 2020 since it reduced the number of road traffic accidents and outdoor sports activities. Due to a sharp drop in elective surgeries, a ban on organized sports, the momentary shutdown of O&P clinics, hospital availability restricted to non-essential care, limited access to clinics, and slowed in-patient flow and referrals, the pandemic is anticipated to have a short-term negative impact on the bone growth stimulators market. However, crucial European markets, as well as China, are showing indications of recovery.
One of the primary factors encouraging the use of such stimulators around the world is the rising incidence of bone illnesses, which is boosting the market growth. Osteoporosis is a leading cause of fractures all over the world. More than 8.9 million fractures are predicted to occur each year, affecting 75 million people in the United States, Europe, and Japan. Furthermore, rising diagnoses of such disorders, as well as the quick development of technologically sophisticated solutions for effective treatment, would aid market growth.
The bone growth stimulators market is likely to offer considerable prospects in emerging economies. As a result of these factors, many physicians, doctors, and health care workers are becoming more aware of the latest treatments available for spine bone stimulators and bone healing, including an increasing number of patients, an increase in healthcare spending, federal programs to support the healthcare market, and a strengthening of export markets. Furthermore, many individuals from mature economies are expected to travel to these emerging markets for medical care due to significant cost savings.
Adherence failure is a severe problem that impacts not only the individual but also the healthcare system. Medication non-adherence causes significant disease progression, death, and higher healthcare expenses in patients. Adherence is likely to be affected by several factors. Patient, the provider, and health-care-system issues, as well as interactions between them, could be addressed as adherence barriers. To enhance drug adherence, it would require identifying individual obstacles for each patient and using appropriate ways to overcome them. Physicians, pharmacists, and nurses, for example, play an important role in improving patient medication adherence in their daily practices.
Based on Device Type, the market is segmented into Non-Invasive and Invasive. The Invasive segment registered a substantial revenue share in the spine bone stimulators market in 2021. External bone growth stimulation gadgets are placed outside the skin following spinal fusion and do not require medical implantation or extraction. The goal is to increase bone formation and enhance fracture healing by inducing osteogenesis. Direct current is given immediately to the fractured site via an implanted electrode in invasive systems.
Based on End User, the market is segmented into Hospitals, Specialty Clinics, and Others. The Hospital segment garnered the highest revenue share in the spine bone stimulators market in 2021. As a result of an increase in the amount of orthopedic procedures performed in the hospitals. It employs bone growth stimulation materials for a variety of procedures, including spine surgery, oral and maxillofacial surgery, dental practices, and bone fractures. The key factors driving the growth of the bone growth stimulators market for hospitals are the benefits of bone growth stimulation product lines placed above equivalents, the increasing patient population, rising procedural quantities of orthopedic surgeries, and growing awareness of bone growth stimulation products.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 475.8 Million |
| Market size forecast in 2028 | USD 626.2 Million |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 4.1% from 2022 to 2028 |
| Number of Pages | 139 |
| Number of Tables | 250 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Device Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America segment procured the largest revenue share in the spine bone stimulators market in 2021. The spinal bone stimulator market is expected to develop due to an increase in the geriatric population, more patient awareness regarding safe spine fusion surgeries, and an increase in the incidence of spinal illnesses such as osteoporosis and arthritis.
Free Valuable Insights: Global Spine Bone Stimulators Market size to reach USD 626.2 Million by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DJO Global, Inc. (Enovis), Zimmer Biomet, Orthofix Medical Inc., Elizur Corporation, Ossatec Benelux BV, IGEA S.p.A., ManaMed Inc., Theragen, Inc., Intelligent Implants, and Orchid Medical, Inc.
By Device Type
By End User
By Geography
The spine bone stimulators market size is projected to reach USD 626.2 million by 2028.
What are the major top companies in the competitive landscape?
At what CAGR is the spine bone stimulators market estimate to grow in the forecast period?
Which segment shows a high revenue share of the spine bone stimulators market in 2021?
Which region dominated the spine bone stimulators market in 2021?
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