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Bone Growth Stimulator Market

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Bone Growth Stimulator
Market — Global Industry
Insights, Trends, Outlook,
and Opportunity Analysis,
2016–2024
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Bone growth stimulators or BGSs are supplemental devices that are worn after a lumbar (low back) or cervical
(neck) spine surgery. Bone growth stimulators can be used to assist spinal bone fuse after a failed fusion
procedure. Bone growth stimulation for the cervical and lumbar spine has significant benefits after a fusion
procedure. Various doctors recommend BGS for post-operative lumbar and cervical cases. A bone growth
stimulator sends low intensity electrical signals to the site of fusion. These electrical signals trigger natural bone
healing process of the body, which are sometimes impaired in surgery patients. The global demographic
scenario is quite diverse. For instance, India is a country with more than half of the population in the youth
bracket, whereas China and the U.S. have the maximum geriatric population. Bone growth stimulators have
observed an implausible demand in the past few years. The early development of BGS began in the U.S. and the
innovation in technology has made developed and sophisticated products to enter the market.
According to the International Osteoporosis Foundation, osteoporosis causes around 8.9 million fractures per
year that is around one osteoporotic fracture every 3 seconds. Moreover, osteoporosis is expected to affect
around 200 million women worldwide. Around 80%, 75%, 70% and 58% of forearm, humerus, hip and spine
fractures, respectively, affects women. A fracture, especially in the spinal cord requires bone surgery. Out of
these surgeries, a significant number of patients will need bone growth stimulators due to steady recovery. This
in turn will drive the growth of the overall bone growth stimulator market during the forecast period.
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Increasing prevalence of vertebral fractures, especially in the geriatric population will drive the overall bone
growth stimulator market
According to the International Osteoporosis Foundation, the number of vertebral fractures that are not recognized is as
high 45% in North America, and 46% in Latin America. After a surgery for a vertebral fracture, there is a high risk of
requiring hospitalization for another fracture in the following years. To decrease the morbidity rates in patients with a
history of bone surgeries, bone growth stimulators are used extensively. As the number of cases is increasing at an
alarming rate, so is the need for bone growth stimulators. This will encourage the growth of the global bone growth
stimulator market in the forecast period.
As per the International Osteoporosis Foundation, white women aged 50 years are at 16% lifetime risk of occurrence
of a vertebral fracture, whereas the percentage is 5 for white men. The staggering percentage of the population with
risk of vertebral fracture above the age of 50 will be responsible for increased number of bone surgeries, thereby
augmenting the growth of bone growth stimulators. By geography, North America is likely to dominate the bone growth
stimulator industry owing to various factors such as consumer awareness about treatments related bone fracture and
injury and high healthcare expenditure. Western Europe will follow North America in terms of market share. Availability
of advanced public health systems and subsidies, along with high adoption of new technologies such bone growth
stimulators in this region are some of the factors for this region’s high market share.
Some of the companies operating in the bone growth stimulator market in the current scenario are Orthofix
International N.V., Aetna Inc., DJO LLC, Smith & Nephew, Zimmer Biomet Holdings Inc., Ossatec Benelux BV, Elizur,
Bioventus LLC., Orchid Medical, IGEA S.p.A, and Verve Consulting Inc.
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Author
pranali
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stimulator, market, growth, bone
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