Pune, July 11, 2019 (GLOBE NEWSWIRE) -- The global Bone Growth Stimulators Market is likely to gain traction from recent advancements in tissue regeneration and healing. According to a report by Fortune Business Insights, titled “Bone Growth Stimulators Market Size, Share and Global Trend By Product Type (Bone Growth Stimulation Devices, Bone Morphogenetic Proteins (BMP), Platelet-Derived Growth Factor (PDGF)), By Application (Spinal Fusion, Maxillofacial & Dental, Non-union and Union Bone Fractures), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Home Care), and Geography Forecast till 2026,” the market was valued at US$ 1,837.2 Mn in 2018. Fortune Business Insights further states that this market will be valued at US$ 2,624.8 Mn by the end of 2026, thereby exhibiting a CAGR of 4.6%.
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https://www.fortunebusinessinsights.com/industry-reports/bone-growth-stimulators-market-100161
Long Awaited FDA Approval for Orthfix’s PhysioStim Has Encouraged Market Competitors
Conventional bone growth stimulators were mostly manufactured using patented drugs. Most of the stimulators were manufactured with the help of very few drug options. But in recent years, newer drugs have been approved for manufacturing and study of bone growth stimulators. In 2018, Orthofix announced that it has received FDA and CE mark approvals for its PhysioStim bone growth stimulators. PhysioStim offered tissue regeneration and recombining without the need to undergo surgical procedures. The FDA approval for PhysioStim and other such products have encouraged other market players to come up with their own products and improve existing methods. Such drug approvals have a positive impact on the global Bone Growth Stimulators Market and is likely to favour growth of this market in the forecast period.
Electrical and Magnetic Field Concept to Boost Operation of Bone Growth Stimulators
The combined magnetic field (mf) concept was hugely beneficial for spinal fusion. Magnetic Field (MF) is used for pre-processing of osteogenesis, where-in tissue regeneration and growth is initiated. Electrical bone growth stimulation is used in patients with bone healing problems. They supplement tissue regeneration which stimulate the spinal fusion and bone growth. Electrical bone growth stimulators play a major part in spinal fusion among patients who possess a higher grade of disorders or in serious cases. Thus, the drawbacks of normal spinal fusion are overcome by electrical and magnetic bone growth stimulators. The benefits of these concepts have a positive impact on the global Bone Growth Stimulators Market and is likely to drive the market in the forthcoming years.
Increasing Investment in Research and Development to Boost the Market
The growing investments in research and development of bone growth stimulators is boosting the global market. With increasing awareness about the need for early diagnosis of disorders such as spondylitis and other spinal diseases, there has been a growing emphasis on the research and development of drugs related to bone growth stimulation. Furthermore, to aid geriatric population, governments across the world have been putting in more efforts to improve health reimbursement policies. The aforementioned factors are likely to favour the growth of the global Bone Growth Stimulators Market in the forecast period.
The report provides elaborative analysis of the market dynamics and competitive landscape. Key insights provided in the report include the number of spinal fusion surgery for key countries, overview of health reimbursement, regulatory scenario in key countries, new product launch, pipeline analysis, key mergers and acquisition, recent industry trends, and others.
Key Companies Covered in The Reports
- Zimmer Biomet
- Stryker
- Medtronic
- Wright Medical Group N.V.
- Orthofix Holdings, Inc.
- Prospec-Tany Technogene Ltd.
- Elizur Corporation
- Bioventus
- Ossatec Benelux BV
- IGEA S.p.a
- Other players
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Table of Content:
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Number of Spinal Fusion Surgery - For Key Countries, 2018
- Regulatory Scenario -For Key Countries
- Health Reimbursement Overview
- New Product Launch
- Pipeline Snapshot
- Key Industry Developments - Mergers, Acquisitions and Partnerships
- Global Bone Growth Stimulation Market Analysis, Insights and Forecast,2015-2026
- Key Findings/Summary
- Market Analysis, Insights and Forecast – By Product
- Bone Growth Stimulation Devices
- Electrical Bone Growth Stimulators
- Capacitive Coupling (CC) Devices
- Combined Magnetic Field Devices (CMF)
- Pulsed Electromagnetic Field Devices (PEMF)
- Implantable Bone Growth Stimulators
- Ultrasonic Bone Growth Stimulators
- Electrical Bone Growth Stimulators
- Bone Morphogenetic Proteins (BMP)
- Platelet-Derived Growth Factors
- Bone Growth Stimulation Devices
- Market Analysis, Insights and Forecast – By Application
- Spinal Fusion
- Maxcillofacial & Dental
- Nonunion and Union Bone Fractures
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Home Care
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Competitive Analysis
- Strategic Recommendations
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