Bone Growth Stimulators Market (Product: Devices [External Devices and Implantable Devices], Bone Morphogenetic Protein, and Platelet-rich Plasma [PRP]; Application: Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral & Maxillofacial Surgeries, and Others; and End User: Hospitals & Clinics, Home Care, and Academic & Research Institutes and CROs) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2030

Description

Companies Combine Spinal Fusion Therapy Devices with PEMF Technology

There is a growing demand for treatments that offer tissue regeneration. Since pulsed electromagnetic field (PEMF) external devices product segment is projected for aggressive growth in the bone growth stimulators market, healthcare providers are becoming increasingly aware about its advantages.

On the other hand, spine fusion surgeries segment is estimated to account for the second-highest revenue among all applications in the bone growth stimulators market. Thus, emergence of regenerative technologies is contributing toward market growth. Companies in the market for bone growth stimulators are increasing research for the development of stem cell treatments for spinal disorders. They are increasing R&D in biologics and disc regeneration to provide relief in patients suffering from spinal disorders.

Companies in the market for bone growth stimulators are innovating in therapies that offer healing during fusion procedures. For instance, Orthofix - a provider of reconstructive and regenerative solutions, announced the launch of SpinalStim™ and CervicalStim™, which are novel spinal fusion therapy devices. Companies are introducing the PEMF technology in these spinal fusion therapy devices to bolster their clinical score in the global market landscape.

PEMF Devices Offer Long-term Relief to Osteoporosis Patients

Due to complications associated with bone regeneration due to age, diabetes or radiation treatment from cancer, companies in the bone growth stimulators market are innovating in pulsed electromagnetic field (PEMF) therapy to improve clinical scores. As such, PEMF devices come under the broader category of devices in the bone growth stimulators market, which command the largest revenue among other external devices.

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PEMF therapy is gaining increased popularity in the market for bone growth stimulators as a safe and non-invasive option to reduce pain and inflammation in patients. On the other hand, it has been found that use of PEMF devices speeds up the healing of cervical spine surgical fusions. PEMF devices are acquiring prominence in the field of osteoporosis. Hence, companies in the market for bone growth stimulators are developing PEMF stimulation devices that help to heal nonunions and even the bone density in  osteoporosis patients. Significant improvements in bone fusion after PEMF therapy is improving the quality of life of patients even after discontinuation of the stimulation.

Intra-articular PRP Injections Improve Outcome in Patients Suffering from Knee Osteoarthritis

With prolongation of life expectancy in humans, high prevalence of degenerative joint diseases has increased. Due to growing incidences of pain associated with joint diseases, companies in the bone growth stimulators market are increasing the availability of platelet-rich plasma (PRP) and prolotherapy regenerative injection-based therapies. PRP is gaining popularity as an effective therapy of musculoskeletal pain management. As such, PRP segment is likely to witness exponential growth during the forecast period and the global bone growth stimulators market is estimated to reach a value of ~US$ 2.1 Bn by the end of 2027.

Companies in the market for bone growth stimulators are increasing the availability of intra-articular PRP injection, which is found to be effective in the treatment of knee osteoarthritis. However, side effects and risks of allergic reactions associated with PRP injections pose as a restraint for healthcare companies. Hence, companies are increasing awareness about the contraindications of PRP injections and are highly recommending doctor’s consultation before adopting the therapy.

Personalized Electric Stimulation Devices Gain Prominence in Bone Growth Stimulators Market

Capacitive coupling devices are being increasingly used in combination with implantable biomedical systems for personalized electrical stimulation in the market for bone growth stimulators. This trend has given rise to electromagnetic stimulation (E-Stim), which is achieved with the help of direct current coupling, inductive coupling, and capacitive coupling devices. As such, the capacitive coupling devices product segment is expected to dominate the bone growth stimulators market, in terms of revenue during the forecast period.

Technological innovations have given rise to the development of cosurface capacitive electrode architecture in novel personalized electric stimulation systems. These new capacitive electrode architectures are overcoming the limitations of conventional devices and offer greater amount of different stimuli according to varying waveforms. Thus, personalized electric stimulation devices are growing popular as non-complex designs in the bone growth stimulators market.

Analysts’ Viewpoint

The bone growth stimulators market is expected to expand at a modest CAGR of 5.2% during the forecast period. Companies should increase the availability of bone fusion therapies in North America and Asia Pacific, since the bone growth stimulators market in both regions is projected for exponential growth during the forecast period.

Closed-loop spinal cord stimulation are gaining prominence as a popular treatment for chronic pain with the help of implantable devices that provide electrical stimulus to the spinal cord. However, unsatisfactory outcomes, owing to sub-therapeutic and overstimulation events act as a challenge for healthcare companies. Thus, companies should increase awareness about closed-loop stimulation to deploy better communication between the device and the spinal cord, which helps to improve patient outcomes. 

Bone Growth Stimulators Market: Overview

This report analyzes the current scenario of and future growth prospects for the global bone growth stimulators market

Increase in prevalence of orthopedic diseases, high demand for platelet-rich plasma, and rise in adoption of bone growth stimulators for the treatment of bone fractures are key factors that are projected to drive the global bone growth stimulators market during the forecast period

The report provides an elaborate executive summary, which provides a snapshot of various segments of the global bone growth stimulators market. It also provides information and data analysis of the global bone growth stimulators market with respect to segments based on product, application, end user, and region.

The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global bone growth stimulators market

The report includes company profiles, which provide information about business strategies, product portfolios, and financials of players operating in the global bone growth stimulators market and competition landscape of the market

The report on the global bone growth stimulators market offers attractiveness analysis of different segments of the market across regions

The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global bone growth stimulators market. It analyzes key competitive strategies adopted by major market players, thereby presenting a thorough understanding of the competition scenario in the global bone growth stimulators market. 

Bone Growth Stimulators Market: Key Segments

In terms of product, the global bone growth stimulators market has been segmented into devices, bone morphogenetic protein (BMP), and platelet-rich plasma (PRP). The devices segment is further sub-segmented into external devices and implantable devices. External devices can be further divided into pulsed electromagnetic field devices, combined magnetic field devices, capacitive coupling devices, and ultrasonic devices. The devices segment accounted for major market share in 2018.

Increase in prevalence of spinal injuries, increase in demand for external devices for treatment and technological advancements in pulsed electromagnetic field and combined magnetic field devices are likely to fuel the growth of the devices segment during the forecast period

In terms of application, the global bone growth stimulators market has been segmented into spinal fusion surgeries, delayed union & nonunion bone fractures, oral & maxillofacial surgeries, and others. The spinal fusion surgeries segment accounted for the largest market share in 2018. The growth of the segment can be attributed to shift from invasive to minimally invasive spinal surgeries, expansion of product portfolio by prominent bone stimulator manufacturers, and increase in demand for bone growth therapies for spinal fusion.

Based on end user, the global bone growth stimulators market has been classified into hospitals & clinics, home care, and academic & research institutes and CROs. The hospitals & clinics accounted for a major market share in 2018 and the segment is projected to continue its dominance in the near future. The home care segment is likely to gain significant growth in bone growth stimulators market, owing to an increase in availability of easy-to-use, convenient & safe bone stimulators and rise in awareness about external bone growth stimulators for home use.

Market size and forecast for each of the segments of the global bone growth stimulators market have been provided for the period from 2017 to 2027. The CAGR of the respective segment in bone growth stimulators market has also been provided for the period from 2019 to 2027, considering 2018 as the base year. 

Bone Growth Stimulators Market: Regional Outlook

In terms of region, the global bone growth stimulators market has been divided into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region of the global bone growth stimulators market has been further divided into countries/sub-regions.

The report provides size and forecast of the bone growth stimulators market in each region and country/sub-region for the period from 2017 to 2027. The CAGR for the market in each of these regions and countries/sub-regions has also been provided for the period from 2019 to 2027. The study also covers the market competition scenario in these regions. 

Companies Covered in Report on Bone Growth Stimulators Market

Key players in the global bone growth stimulators market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies

Major companies profiled in the global bone growth stimulators market report are

  • Zimmer Biomet
  • DJO Global
  • Medtronic plc
  • Terumo Corporation
  • Bioventus, Inc.
  • Orthofix Medical Inc.
  • IGEA
  • Ossatec Benelux BV
  • BTT Health GmbH
  • Stimulate Health

Key Questions Answered in Bone Growth Stimulators Market Report

  • What are the major drivers, restraints, and opportunities in the market?
  • What are the revenue share projections of key segments of the global bone growth stimulators market during the forecast period?
  • Which segment is likely to lead the bone growth stimulators market in terms of revenue by 2027?
  • How alliances & partnerships among players are widening the scope for bone growth stimulators?
  • What is the market position of different companies operating in the global bone growth stimulators market?

Bone Growth Stimulators Market - Segmentation

Product

  • Devices
  • External Devices
  • Pulsed Electromagnetic Field Devices
  • Combined Magnetic Field Devices
  • Capacitive Coupling Devices
  • Ultrasound Devices
  • Implantable Devices
  • Bone Morphogenetic Protein
  • Platelet-rich Plasma (PRP)

Application

  • Spinal Fusion Surgeries
  • Delayed Union & Nonunion Bone Fractures
  • Oral & Maxillofacial Surgeries
  • Others

End User

  • Hospitals & Clinics
  • Academic & Research Institutes and CROs
  • Home Care

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface 

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Bone Growth Stimulators Market

4. Market Overview

    4.1. Introduction

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Bone Growth Stimulators Market Analysis and Forecast, 2017–2027

5. Market Outlook

    5.1. Products Features/USPs

    5.2. Regulatory Scenario

    5.3. Reimbursement Scenario

6. Global Bone Growth Stimulators Market Value and Forecast, by Product

    6.1. Introduction 

    6.2. Global Bone Growth Stimulators Market Value Forecast, by Product, 2017–2027

        6.2.1. Devices

            6.2.1.1. External Devices

                6.2.1.1.1. Combined Magnetic Field Devices

                6.2.1.1.2. Capacitive Coupling Devices

                6.2.1.1.3. Pulsed Electromagnetic Field Devices

                6.2.1.1.4. Ultrasound Devices

            6.2.1.2. Implantable Devices

        6.2.2. Bone Morphogenetic Protein

        6.2.3. Platelet-rich Plasma (PRP)

    6.3. Global Bone Growth Stimulators Market Attractiveness, by Product

7. Global Bone Growth Stimulators Market Value and Forecast, by Application

    7.1. Introduction 

    7.2. Global Bone Growth Stimulators Market Value Forecast, by Application, 2017–2027

        7.2.1. Spinal Fusion Surgeries

        7.2.2. Delayed Union & Nonunion Bone Fractures

        7.2.3. Oral & Maxillofacial Surgeries

        7.2.4. Others

    7.3. Global Bone Growth Stimulators Market Attractiveness, by Application

8. Global Bone Growth Stimulators Market Value and Forecast, by End-user

    8.1. Introduction 

    8.2. Global Bone Growth Stimulators Market Value Forecast, by End-user, 2017–2027

        8.2.1. Hospitals & Clinics

        8.2.2. Home Care

        8.2.3. Academic & Research Institutes and CROs

    8.3. Global Bone Growth Stimulators Market Attractiveness, by End-user

9. Global Bone Growth Stimulators Market Value and Forecast, by Region

    9.1. Introduction 

    10.2   Bone Growth Stimulators Market Value Forecast, by Region, 2017–2027

        9.1.1. North America

        9.1.2. Europe

        9.1.3. Asia Pacific

        9.1.4. Latin America

        9.1.5. Middle East & Africa

    10.3. Global Bone Growth Stimulators Market Attractiveness, by Region

10. North America Bone Growth Stimulators Market Analysis and Forecast 

    10.1. Introduction

    10.2. North America Bone Growth Stimulators Market Value Forecast, by Product, 2017–2027

        10.2.1. Devices

            10.2.1.1. External Devices

                10.2.1.1.1. Combined Magnetic Field Devices

                10.2.1.1.2. Capacitive Coupling Devices

                10.2.1.1.3. Pulsed Electromagnetic Field Devices

                10.2.1.1.4. Ultrasound Devices

            10.2.1.2. Implantable Devices

        10.2.2. Bone Morphogenetic Protein

        10.2.3. Platelet-rich Plasma (PRP)

    10.3. North America Bone Growth Stimulators Market Value Forecast, by Application, 2017-2027

        10.3.1. Spinal Fusion Surgeries

        10.3.2. Delayed Union & Nonunion Bone Fractures

        10.3.3. Oral & Maxillofacial Surgeries

        10.3.4. Others

    10.4. North America Bone Growth Stimulators Market Value Forecast, by End-user, 2017–2027

        10.4.1. Hospitals & Clinics 

        10.4.2. Home Care

        10.4.3. Academic & Research Institutes and CROs

    10.5. North America Bone Growth Stimulators Market Value Forecast, by Country/Sub-region, 2017–2027

        10.5.1. U.S.

        10.5.2. Canada

    10.6. North America Bone Growth Stimulators Market Attractiveness Analysis

        10.6.1. By Product

        10.6.2. By Application

        10.6.3. By End-user

        10.6.4. By Country

11. Europe Bone Growth Stimulators Market Analysis and Forecast 

    11.1. Introduction

    11.2. Europe Bone Growth Stimulators Market Value Forecast, by Product, 2017–2027

        11.2.1. Devices

            11.2.1.1. External Devices

                11.2.1.1.1. Combined Magnetic Field Devices

                11.2.1.1.2. Capacitive Coupling Devices

                11.2.1.1.3. Pulsed Electromagnetic Field Devices

                11.2.1.1.4. Ultrasound Devices

            11.2.1.2. Implantable Devices

        11.2.2. Bone Morphogenetic Protein

        11.2.3. Platelet-rich Plasma (PRP)

    11.3. Europe Bone Growth Stimulators Market Value Forecast, by Application, 2017–2027

        11.3.1. Spinal Fusion Surgeries

        11.3.2. Delayed Union & Nonunion Bone Fractures

        11.3.3. Oral & Maxillofacial Surgeries

        11.3.4. Others

    11.4. Europe Bone Growth Stimulators Market Value Forecast, by End-user, 2017–2027

        11.4.1. Hospitals & Clinics 

        11.4.2. Home Care

        11.4.3. Academic & Research Institutes and CROs

    11.5. Europe Bone Growth Stimulators Market Value Forecast, by Country/Sub-region, 2017–2027

        11.5.1. Germany

        11.5.2. U.K.

        11.5.3. France

        11.5.4. Spain

        11.5.5. Italy 

        11.5.6. Rest of Europe

    11.6. Europe Bone Growth Stimulators Market Attractiveness Analysis

        11.6.1. By Product

        11.6.2. By Application

        11.6.3. By End-user

        11.6.4. By Country/Sub-region

12. Asia Pacific Bone Growth Stimulators Market Analysis and Forecast 

    12.1. Introduction

    12.2. Asia Pacific Bone Growth Stimulators Market Value Forecast, by Product, 2017–2027

        12.2.1. Devices

            12.2.1.1. External Devices

                12.2.1.1.1. Combined Magnetic Field Devices

                12.2.1.1.2. Capacitive Coupling Devices

                12.2.1.1.3. Pulsed Electromagnetic Field Devices

                12.2.1.1.4. Ultrasound Devices

            12.2.1.2. Implantable Devices

        12.2.2. Bone Morphogenetic Protein

        12.2.3. Platelet-rich Plasma (PRP)

    12.3. Asia Pacific Bone Growth Stimulators Market Value Forecast, by Application, 2017–2027

        12.3.1. Spinal Fusion Surgeries

        12.3.2. Delayed Union & Nonunion Bone Fractures

        12.3.3. Oral & Maxillofacial Surgeries

        12.3.4. Others

    12.4. Asia Pacific Bone Growth Stimulators Market Value Forecast, by End-user, 2017–2027

        12.4.1. Hospitals & Clinics

        12.4.2. Home Care

        12.4.3. Academic & Research Institutes and CROs

    12.5. Asia Pacific Bone Growth Stimulators Market Value Forecast, by Country/Sub-region, 2017–2027

        12.5.1. Japan

        12.5.2. China

        12.5.3. India

        12.5.4. Australia & New Zealand

        12.5.5. Rest of Asia Pacific

    12.6. Asia Pacific Bone Growth Stimulators Market Attractiveness Analysis

        12.6.1. By Product

        12.6.2. By Application

        12.6.3. By End-user

        12.6.4. By Country/Sub-region 

13. Latin America Bone Growth Stimulators Market Analysis and Forecast 

    13.1. Introduction

    13.2. Latin America Bone Growth Stimulators Market Value Forecast, by Product, 2017–2027

        13.2.1. Devices

            13.2.1.1. External Devices

                13.2.1.1.1. Combined Magnetic Field Devices

                13.2.1.1.2. Capacitive Coupling Devices

                13.2.1.1.3. Pulsed Electromagnetic Field Devices

                13.2.1.1.4. Ultrasound Devices

            13.2.1.2. Implantable Devices

        13.2.2. Bone Morphogenetic Protein

        13.2.3. Platelet-rich Plasma (PRP)

    13.3. Latin America Bone Growth Stimulators Market Value Forecast, by Application, 2017–2027

        13.3.1. Spinal Fusion Surgeries

        13.3.2. Delayed Union & Nonunion Bone Fractures

        13.3.3. Oral & Maxillofacial Surgeries

        13.3.4. Others 

    13.4. Latin America Bone Growth Stimulators Market Value Forecast, by End-user, 2017–2027

        13.4.1. Hospitals & Clinics

        13.4.2. Home Care

        13.4.3. Academic & Research Institutes and CROs

    13.5. Latin America Bone Growth Stimulators Market Value Forecast, by Country/Sub-region, 2017–2027

        13.5.1. Brazil

        13.5.2. Mexico

        13.5.3. Rest of Latin America

    13.6. Latin America Bone Growth Stimulators Market Attractiveness Analysis

        13.6.1. By Product

        13.6.2. By Application

        13.6.3. By End-user

        13.6.4. By Country/Sub-region

14. Middle East & Africa Bone Growth Stimulators Market Analysis and Forecast 

    14.1.  Introduction

    14.2. Middle East & Africa Bone Growth Stimulators Market Value Forecast, by Product, 2017–2027

        14.2.1. Devices

            14.2.1.1. External Devices

                14.2.1.1.1. Combined Magnetic Field Devices

                14.2.1.1.2. Capacitive Coupling Devices

                14.2.1.1.3. Pulsed Electromagnetic Field Devices

                14.2.1.1.4. Ultrasound Devices

            14.2.1.2. Implantable Devices

        14.2.2. Bone Morphogenetic Protein

        14.2.3. Platelet-rich Plasma (PRP)

    14.3. Middle East & Africa Bone Growth Stimulators Market Value Forecast, by Application, 2017–2027

        14.3.1. Spinal Fusion Surgeries

        14.3.2. Delayed Union & Nonunion Bone Fractures

        14.3.3. Oral & Maxillofacial Surgeries

        14.3.4. Others

    14.4. Middle East & Africa Bone Growth Stimulators Market Value Forecast, by End-user, 2017–2027

        14.4.1. Hospitals & Clinics

        14.4.2. Home Care

        14.4.3. Academic & Research Institutes and CROs

    14.5. Middle East & Africa Bone Growth Stimulators Market Value Forecast, by Country/Sub-region, 2017–2027

        14.5.1. GCC Countries

        14.5.2. South Africa

        14.5.3. Rest of Middle East & Africa

    14.6. Middle East & Africa Bone Growth Stimulators Market Attractiveness Analysis

        14.6.1. By Product

        14.6.2. By Application

        14.6.3. By End-user

        14.6.4. By Country/Sub-region

15. Competition Landscape

    15.1.  Market Player – Competition Matrix (By Tier and Size of companies)

    15.2.  Company Profiles

        15.2.1. Zimmer Biomet 

            15.2.1.1. Company Description

            15.2.1.2. Business Overview

            15.2.1.3. Financial Overview

            15.2.1.4. Strategic Overview

            15.2.1.5. SWOT Analysis

        15.2.2. DJO Global 

            15.2.2.1. Company Description

            15.2.2.2. Business Overview

            15.2.2.3. Financial Overview

            15.2.2.4. Strategic Overview

            15.2.2.5. SWOT Analysis

        15.2.3. Medtronic plc

            15.2.3.1.  Company Description

            15.2.3.2. Business Overview

            15.2.3.3. Financial Overview

            15.2.3.4. Strategic Overview

            15.2.3.5. SWOT Analysis

        15.2.4. Terumo Corporation. 

            15.2.4.1. Company Description

            15.2.4.2. Business Overview

            15.2.4.3. Financial Overview

            15.2.4.4. Strategic Overview

            15.2.4.5. SWOT Analysis

        15.2.5. Bioventus, Inc. 

            15.2.5.1. Company Description

            15.2.5.2. Business Overview

            15.2.5.3. Strategic Overview

            15.2.5.4. SWOT Analysis

        15.2.6. Orthofix Medical Inc.  

            15.2.6.1. Company Description

            15.2.6.2. Business Overview

            15.2.6.3. Financial Overview

            15.2.6.4. Strategic Overview

            15.2.6.5. SWOT Analysis

        15.2.7. IGEA

            15.2.7.1. Company Description

            15.2.7.2. Business Overview

            15.2.7.3. SWOT Analysis

        15.2.8. Ossatec Benelux BV 

            15.2.8.1. Company Description

            15.2.8.2. Business Overview

            15.2.8.3. SWOT Analysis

        15.2.9. BTT Health GmbH 

            15.2.9.1. Company Description

            15.2.9.2. Business Overview

            15.2.9.3. SWOT Analysis

        15.2.10. Stimulate Health 

            15.2.10.1. Company Description

            15.2.10.2. Business Overview

            15.2.10.3. SWOT Analysis

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