https://www.gminsights.com/industry-analysis/bone-growth-stimulators-market
Spinal application market will show robust increase as therapy improves the healing
process by sending low level electric signals at the fusion site. The use of these products
prevents the invasive surgical procedures and complications associated with it.
However, it can be used only in some patients. Increased adoption of bone stimulators
by hospitals will boost the product demand over the forecast period. The physicians are
increasingly prescribing the device due to low risk involved and higher success rates
associated over the conventional therapies.
U.S. will witness significant rise over the forecast period due to the presence of large
patient pool and high incidences of arthritis. The increasing road traffic injuries and
trauma rates will further boost the U.S. bone growth stimulators market over the
forecast period. Asia Pacific should witness massive growth owing to the rapidly aging
population in Japan and China. The region shows high prevalence of diabetes, obesity
and osteoporosis, positively influencing the business size. Rise in the disposable income
will further escalate Asia Pacific bone growth stimulators market in future.
Some of the industry players operating in bone growth stimulators market include
Zimmer Biomet, Orthofix International, Medtronic, Bioventus, DePuy Synthes, DJO
Global, Arthrex, Isto Biologics, Harvest Technologies, Verve Consulting, Ossatec Benelux,
Elizur, and IGEA. The industry players focus on strategic launch of innovative products
to garner the higher market share and gain competitive advantages. For instance, in
January 2017, Orthofix got the U.S. FDA and CE mark approvals for its newly launched
products SpinalStim and CervicalStim. In June 2016, DJO Global launched new clinical
trials for Combined Magnetic Field devices.
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