Spine Bone Stimulator Market To Tread Organic Growth In The Near Future

The spine bone stimulator market is anticipated to witness a high CAGR of 3.8% during the period 2019-2024. Bone growth stimulation is a technique wherein bone growth is promoted to heal fractures. Two major types i.e. electrical and ultrasonic types are in use, currently. Bone growth stimulator induces the bone healing process through invasive, semi-invasive and non-invasive bone growth stimulation methods. For example, when applied over a fractured site, ultrasonic techniques accelerates fracture healing device and produced ultrasonic waves with mechanical pressure to the bone tissues at the fracture site. 

In the recent news, the merger between Mount Sinai Medical Center and Continuum Health Partners resulted in Mount Sinai Health System to form one of the largest healthcare organization in the New York City.  Overall, it comprises a full-fledged medical competency with eight spine surgeons, 51 orthopaedic surgeons and 32 neurosurgeons. In Oct 2019, researchers from The John Hopkins University School of Medicine released a systematic review of meta-analysis of effect of electrical stimulation remedies on spinal fusion. According to the findings by researchers, they reported significant improvements in bone fusion followed by a course of electrical stimulation in clinical and preclinical studies. This was done on the background of increase in U.S. for cases of spinal fusion surgery for pain, spinal instability and loss of mobility. In several cases, surgery did not result in complete fusion and hence it was concluded that the adjuvant therapies would fasten the course of bone healing. For example, electrical stimulation is one of the major therapies for medical use today that helps in aiding and inducing the process of bone healing followed by spine fusion surgery.

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Rise in geriatric population with increase in incidence of rickets and osteoporosis drives the market growth throughout the forecast period. Growing popularity of spine bone stimulators as supportive therapies is likely to propel a huge demand in the coming years. Bone growth stimulators are increasingly used as a surgical approach since it fastens the healing process in patients. Therefore, prompt recovery, growing preference by patients and other advantages are some of the major drivers to the market development. In addition, growth in investments for research and development is expected to have a crucial role in market growth throughout the forecast period.

The U.S. is one of the largest market for spine bone stimulator wherein significant research and development is contributing to the market growth in the past few years. Moreover, rise in cases of spine fusion therapies in the geriatric population is influential in maintaining the pace of demand. Also, there have been significant developments to the medical infrastructure that has helped many patients to efficiently deal with post-operative procedures for spinal cord disorders.

Some of the key players in the spine bone stimulator market are Elizur Corporation, Bioventus LLC, Medtronic Plc, IGEA S.p.A., Orthofix Inc., Smith & Nephew Plc, Stryker Corporation and Zimmer Biomet Holdings Inc.