Spine Bone Stimulators Market: Rise in the Number of Cases Associated with Bone Diseases to Drive the Market
Surge in bone related problems due to rise in the geriatric population has increased demand for the use of bone stimulators to determine the bone structure and defects associated with it. Increase in the number of people with post-traumatic skeletal difficulties and high number of patients demanding orthopedic surgeries have also led to rise the need of spine bone stimulators in clinical practices.
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Rise in the number of cases associated with bone diseases such as osteoporosis, Paget’s disease of bone, traumatic incidents, and other conditions are the factors driving the global spine bone stimulators market. However, lack of experienced personnel in this field is a key restraint of the market. Moreover, development of bone stimulator drugs, usage of fixation instrument during fusion and on-fusion fractures, and expenses related to these devices hamper the growth of the global spine bone stimulators market. However, awareness programs by government and non-profit organizations present lucrative opportunities for the major players to enter the market.
Bone stimulators are utilized to support bone's regeneration process, which is critical for spinal fusion. A bone trigger, inside or outer, is a little gadget that conveys low-voltage electrical streams exactly to the spinal zone where bone development (spine fusion) is going to happen.
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Ordinarily, these gadgets are worn after spine fusion procedure. Nonetheless, newer approach of bone development medications, and high initial expenses of these gadgets are the factors responsible to hinder the growth of this market. Hence, different kinds of stimulators such as electrical stimulators and pulse ultrasound of low-intensity can be used to heal bone faster. Currently, stimulators with low complications such as pulse electromagnetic field stimulators are widely used in the market.
The global spine bone stimulators market can be segmented based on type of product and surgery. In terms of type of product, the global market can be bifurcated into non-invasive and invasive stimulators. Non-invasive stimulators can be attached outside the body without any surgery. Invasive stimulators are implanted inside the body through surgery.
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Invasive stimulators have to be used by a surgeon only in patients whose bone healing capacity is poor. Non-invasive stimulators can be of two types: pulsed electromagnetic field device and capacitive coupling & combined (electro) magnetic field devices. On the basis of surgery, the global spine bone stimulators market can be segmented into open surgery and minimally invasive surgery.
Geographically, the global spine bone stimulators market can be segmented into five major region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America (particularly the U.S.) dominated the global market owing to increase in the geriatric population leading to rise in bone deformities. Europe was the second largest market for spine bone stimulators in 2017.
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Growth of the market in the region is attributed to increase in sedentary lifestyle. However, the market in Asia Pacific is expected to grow at a rapid pace in the next few years due to rise in awareness about bone disorders and booming medical tourism. The market in Middle East & Africa and Latin America is estimated to witness sluggish growth during the forecast period.
Major players operating in the global spine bone stimulators market are IGEA S.p.A., Aetna, Inc., Rockforge Co., Verve Consulting, Inc., Bioventus LLC, Klein Tools Co., Zimmer Biomet Holdings, Medtronic plc, Elizur Corporation, TEKTON, Inc., Smith & Nephew plc, and Orthofix International N.V.
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