Human bone has an inherent capability to heal itself when injured or broken by creating an electrical field naturally. Bone growth stimulators are used in cases of delay or failure of fracture healing as they enhance the bone healing process without the sensation of electrical shocks or currents or vibrations when worn by the user.
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An internal bone growth stimulator or invasive bone growth stimulator is implanted on the fusion site of the bone and it delivers small electrical currents. The internal bone growth stimulator is removed from the body after 6–12 months. An advantage of internal bone growth stimulators is 100% patient compliance, but its disadvantage is that even though the implant is affordable, the double surgery required in the implantation and removal of implant leads to considerable costs. External bone growth stimulator or non-invasive bone growth stimulators are portable devices worn externally and do not require surgical implantation. An external bone growth stimulator is prescribed for use for two to nine hours every day for around three to nine months. An advantage of non-invasive bone growth stimulators is that it is a comparatively less expensive than invasive bone growth stimulator and does not involve surgeries. However, a disadvantage is that there is less patient compliance.
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Economic factors such as improvement in service sector, increase in personal income and increase in per capita healthcare expenditure are expected to drive market growth globally. Captivating product features, expanding application in the sports medicine industry, high disability cost payments, among others, are fuelling growth of the global bone growth stimulators market.
The bone growth stimulators market is segmented as follows:
- By product
By end user
This report covers the global bone growth stimulators market performance in terms of revenue contribution. The report also also includes FMI’s analysis of key trends, drivers, restraints and opportunities that are influencing the global bone growth stimulators market currently. Impact analysis of key growth drivers and restraints is included in this report to better equip clients with crystal-clear decision-making insights.
By product, the global bone growth stimulators market is segmented into invasive bone growth stimulators, non-invasive bone growth stimulators and ultrasound bone growth stimulators. The non-invasive bone growth stimulators product segment—which comprises capacitive coupling devices, combined magnetic field devices and pulsed ultrasound magnetic field devices-accounts for the highest market share currently and is expected to remain the leading segment in terms of value during the forecast period.
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In terms of application segmentation, trauma injury and fractures segment is expected to expand at the highest CAGR in terms of value and volume over the forecast period as compared to other applications. This segment is also expected to represent a major share, both in terms of value and volume, in the global market.
Hospitals end user segment, though projected to account for the highest market share, is expected to expand at an average CAGR in terms of value and volume over the forecast period. Orthopedic clinics and home care end user segments are expected to represent significant market attractiveness indices over the forecast period.
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