By Product
- Bone Growth Stimulation Devices
- External Bone Growth Stimulators
- Combined Magnetic Field (CMF) Devices
- Capacitive Coupling (CC) Devices
- Pulsed Electromagnetic Field (PEMF) Devices
- Implanted Bone Growth Stimulators
- Ultrasonic Bone Growth Stimulators
- Bone Morphogenetic Proteins (BMP)
- Platelet-rich Plasma (PRP)
By Application
- Spinal Fusion Surgeries
- Delayed Union and Non-Union Fractures
- Oral and Maxillofacial Surgeries
- Others
By End User
- Hospitals and Clinics
- Home Care
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The market is fragmented into product, application, end user and region. The product segment is categorised into bone morphogenetic proteins, platelet-rich plasma, implanted bone growth stimulators, ultrasonic bone growth stimulators, external bone growth stimulators, capacity coupling devices. The external bone growth stimulators segment held the largest bone growth stimulator market share owing to the increased insistence for bone healing surgical treatments that are non-invasive. Additionally, these devices are lightweight, portable, powered by batteries and are easy to handle thereby increasing the adoption of these device by patients. Additionally, the availability of novel products like CMF SpinaLogic Bone Growth Stimulators and CMF OL1000 Bone Growth Stimulators shall augment the growth of the market substantially.
The application segment is bifurcated into spinal fusion surgeries, delayed union and non-union bone fractures, oral and maxillofacial surgeries and others. The spinal fusion surgeries dominate the market, and this can be attributed to a rise in the prevalence of spinal cord injuries like spinal stenosis, herniated discs and fractures. As per the World Health Organization, over 300,000 people get their spinal cord injured every year either due to violence, falls or road accidents. The geriatric population, who are more prone of getting a bone fracture, is consistently rising. As per the U.S Census Bureau, over 615 million people were above the age of 65 in 2015 and it is expected that this number will reach 1 billion by 2030. Such a surge in the geriatric population shall increase the demand for such products and surgeries across the world.
The North America region subjugated the market, and this is due to increase in the number of patients diagnosed with vertebral fractures or osteoporosis. As per the Association of Neurological Surgeons, over 7.8 million women in the United States are diagnosed with osteoporosis and over 25% of women are predicted to be diagnosed with vertebral compression fractures. The Asia Pacific region, however, is predicted to grow at a remarkable rate during the forecast period with the rising number of trauma and road accident cases. As per the report provided by the World Road Statistics, over 500,000 road accidents were reported in 2015 in India, with the rise of over 1.3% from 2014. Such a high patient number shall promote the usage of bone stimulator devices.