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Bone Growth Stimulators Market

Bone Growth Stimulators Market

Bone Growth Stimulators Market

Bone Growth Stimulators Market by Product Type (Non-Invasive Bone Growth Stimulators, Capacitive Coupling (CC) Devices, Pulsed Electromagnetic Field (PEMF) Devices, Combined Magnetic Field (CMF) Devices, Ultrasound Bone Growth Stimulators, Invasive Bone Growth Stimulators), Applications (Trauma Injury and Fractures, Spinal Fusion, Osteogenesis), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Homecare Settings) and Region for 2022 – 2028.

Bone Growth Stimulators Market Outlook—2022-2028

[229 Pages Report] The global Bone Growth Stimulators Market size is poised to reach US$ 1.8 Bn in 2022. Driven by the growing need for advanced bone growth stimulators for neck, feet, and ankles, sales are forecast to grow at a robust 9.9% CAGR, pushing the market valuation to US$ 3.3 Bn in 2028.

Attribute

Details

Bone Growth Stimulators Estimated Market Size 2022

US$ 1.8 Bn

Bone Growth Stimulators Market Value-based CAGR (2022-2028)

~9.9

Bone Growth Stimulators Market Projected Size in 2028

US$ 3.3 Bn

Increasing demand for cervical bone growth stimulators is expected to augment the growth of the market in the forthcoming years. In addition to this, surging applications of electric and magnetic bone growth stimulators will continue pushing sales over the assessment period.

Growing incidence of osteoporosis is underpinning the need for advanced bone growth stimulators across the healthcare sector. Consumers are also preferring bone growth stimulators for homecare settings, which is expected to propel sales in the market in the forthcoming years.

As per Future Market Insights (FMI), sales of bone growth stimulators represent 4.7% of the global orthopedic devices market.

2013-2021 Bone Growth Stimulators Market Outlook in Comparison to 2022-2028 Growth Forecast

Demand is projected to increase at a healthy 9.9% CAGR between 2022 to 2028, in comparison with the 9.3% CAGR registered between 2013-2031, finds Future Market Insights (FMI).

Increasing preference for non-invasive and minimally invasive surgical procedures is expected to boost the market in the forthcoming years. Rising incidence of osteoporosis among the geriatric population, along with surging rates of sports-related orthopedic injuries are underpinning the demand in the market.

Osteoarthritis (OA) is one of the most common forms of arthritis. As per the statistics availed by the Centers for Disease Control and Prevention (CDC), over 32.5 million U.S. adults are affected by osteoarthritis each year.

Growing incidence of such disorders is compelling manufacturers to launch advanced bone growth stimulators in the market. These devices stimulate the natural healing of bones by sending low-level pulses of electromagnetic energy to the fusion or injured site.

These products are beneficial for post multi-level fusion procedures, and for patients who have comorbidities such as diabetes and substance addiction.

Further, there has been an uptick in research and development efforts regarding novel treatment options and techniques by bone growth stimulator market players. Favorable government policies and increasing investments by commercial organizations will continue augmenting the growth of the market over the forecast period.

How Growing Preference for Non-Invasive Surgeries is Fueling Sales of Bone Growth Stimulators?

Surging demand for minimally invasive procedures due to their benefits over traditional procedures is expected to push sales in the market. Key advantages of such procedures include fewer complications in operations, shorter hospitalization, reduced pain, lower risk of infections, and faster recovery. 

Taking cues, manufacturers are launching innovative platelet-rich plasma (PRP) and bone morphogenetic proteins (BMP) products to aid bone formation during various fractural and spiral operations. These products help in faster healing and recovery, which is expected to boost sales in the market.

Rising incidence of trauma injuries and accident-related fractures are propelling the rates of spinal and orthopedic procedures, thereby spurring demand for bone growth stimulators for humerus fractures.

Further, capacitive coupling bone growth stimulator devices are widely being adopted with implanted biomedical systems for customized electrical stimulation. This has resulted in the popularity of electromagnetic simulation, which uses direct current coupling, capacitive coupling, and inductive coupling.

As per FMI, growing preference for these surgeries in emerging economies such as India, China, and Brazil are expected to augment the growth in the bone growth stimulators market. Factors such as increasing expenditure on healthcare, government investments in the expansion of the healthcare sector, and growing awareness among patients and healthcare providers regarding minimally invasive surgeries are expected to boost the market in the forthcoming years.

Country-wise Insights

Why is the U.S. Bone Stimulators Market Witnessing High Demand?

“Rising Prevalence of Arthritis is Spurring Demand for Electrical Bone Stimulation Therapy”

Sales in the U.S. are projected to remain high over the assessment period, placing the country as a lucrative pocket. As per FMI, the North America market is expected to account for nearly 42.5% of the total market share in 2022.

As per the CDC, approximately 1 out of every 4 U.S. adults (23.7%, 58.5 million people) suffer from diagnosed arthritis. The incidence of arthritis and osteoarthritis is predicted to grow in the forthcoming years, which in turn will propel the demand for electrical bone growth stimulators over the assessment period.

Besides this, rapid adoption of technologically advanced medical equipment in the country, favored by increasing government investments and patient reimbursement policies will continue providing impetus to the growth of the market over the forecast period.

What is Driving the U.K. Bone Growth Stimulators Market?

“Patients in the U.K. are Preferring Bone Growth Stimulators for Foot Fractures”

The U.K. is expected to dominate the Europe bone growth stimulators market in the forthcoming years, driven by the growing preference for minimally invasive procedures and rising popularity of medical tourism in the country. Sales in the Europe market are forecast to command 20.4% of the total market share in 2022.

Owing to the presence of high-quality medical care facilities in the country, medical tourism has increased to an extent. This trend is expected to continue in the forthcoming years, thereby boosting sales of bone growth stimulators.

In addition to this, patients are actively preferring ultrasound and magnetic bone growth stimulators for foot fractures, neck injuries, and spine trauma relief. Manufacturers operating in the country are launching effective and advanced solutions to cater to the growing demand, which in turn is driving the market in the U.K.

What will be the Demand Outlook in the China Bone Growth Stimulators Market?

“Healthcare Providers are Adopting Bone Growth Stimulators for Lumbar Fusion”

Demand in China is expected to gain traction at a considerable pace in the forthcoming years. As per the report, the Asia Pacific Excluding Japan bone growth stimulators market is projected to account for 9.4% of the total market share in 2022.

Rising incidence of cervical (neck) and lumbar (lower back) spine surgeries in China is underscoring the need for advanced combined magnetic field (CMF) devices for bone growth stimulation therapy.

Healthcare providers in China are prescribing these devices to be worn after cervical and lumbar surgeries to aid pain relief. These devices are also utilized to improve spine bone fuse after fusion procedures or as a treatment for failed fusion surgeries.

Backed by the aforementioned factors, sales in the China market are anticipated to continue gaining momentum over the forecast period.

Category-wise Insights

Why are Sales of Non-Invasive Bone Growth Stimulators Gaining Traction?

“Growing Demand for Bone Growth Stimulators for Back Surgery to Augment Growth”

Based on the product type, demand for non-invasive bone growth stimulators is projected to remain high over the assessment period. Rising incidence of arthritis and bone structure-related disorders in the geriatric population is boosting the adoption of these products, thereby augmenting the growth of the market.

Further, increasing incidence of non-union fractures, along with delayed recovery due to obesity, diabetes, and substance addiction in patients is propelling the adoption of these stimulators for cervical and lumbar pain relief. 

In addition to this, manufacturers are launching mobile application-based bone growth stimulators that enable record-keeping and enable reminders. These products are helping healthcare providers in gaining access to real-time data, thereby improving the duration of treatment and patient outcomes.

Why are Bone Stimulators Preferred for Spine Fusion?

“Increasing Preference for Ultrasound Bone Growth Stimulators to Boost Sales”

In terms of applications, demand for bone stimulators for spinal fusion is expected to gain momentum over the assessment period. These products are used during or after spine fusion surgeries to stimulate the natural bone healing process. In case of failed spine fusion, these products are used to accelerate recovery and eliminate lumbar pain.

Further, ongoing product developments in the market, such as the growing popularity of ultrasound and electromagnetic bone growth stimulators are expected to push sales in this segment. Increasing investments by governments in emerging economies, along with research and development efforts ushered by market players will continue boosting the market in the forthcoming years.

Will Hospitals Continue Dominating the Bone Growth Stimulators Market?

“Healthcare Providers are Preferring Electromagnetic Bone Growth Stimulators”

In terms of end use, applications of bone growth stimulators in hospitals will continue rising over the forecast period. The presence of trained healthcare professionals along with the availability of a wide variety of such devices based on patient requirements in hospitals is expected to augment growth in this segment.

Besides this, growing popularity of medical tourism across various countries is expected to boost sales in the forthcoming years. The popularity of this trend is driving investments in the healthcare sector, which is expected to spur demand for electromagnetic bone stimulators, thereby boosting the market over the assessment period.

Competition Landscape

Leading players operating in the global bone growth stimulators market are investing in research and development to launch innovative and advanced products, catering to a growing consumer base. In addition to this, players are investing in mergers, acquisitions, collaborations, and partnerships to strengthen their distribution networks. For instance:

  • In October 2021, Bioventus Inc., a global leader in innovations for active healing, acquired Misonix, a provider of minimally invasive therapeutic technologies and regenerative medicine. The acquisition is aimed at improving the distribution of these minimally invasive therapeutic products, including bone growth stimulators.

Scope of Report

Attribute

Details

Forecast Period

2022-2028

Historical Data Available for

2013-2021

Market Analysis

Units for Volume and US$ Mn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.

Key Market Segments Covered

Product Type, Application, End Use, and Region

Key Companies Profiled

Pricing

Available upon Request

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Bone Growth Stimulators Market by Category

Product Type:

  • Non-Invasive Bone Growth Stimulators
  • Capacitive Coupling (CC) devices
  • Pulsed Electromagnetic Field (PEMF) devices
  • Combined Magnetic Field (CMF) devices
  • Ultrasound Bone Growth Stimulators
  • Invasive Bone Growth Stimulators

Application:

  • Trauma Injury and Fractures
  • Spinal Fusion
  • Osteogenesis

End User:

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Homecare settings

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in the Report

What is the global bone growth stimulators market size?

The global bone growth stimulators market is expected to reach a valuation of US$ 1.8 Bn in 2022.
The global Bone growth stimulators market grew at a robust 9.3% CAGR between 2013 and 2021.
Increasing prevalence of arthritis and sports-related injuries, along with growing preference for minimally-invasive procedures are key trends boosting bone growth stimulators sales.
North America is projected to account for 42.5% of the global bone growth stimulators market share during the forecast period.
The bone growth stimulators market in Europe is anticipated to command 20.4% of the total market share in 2022.

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