Bone Growth Stimulators are devices which help promote bone growth in conditions where healing process of fractures is difficult due to over damage. These devices use the technique of applying electric current in order to stimulate healing. Beyond conventional use, these Bone Growth Stimulators are also used as an Adjunct for Spinal Fusion.
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According to analysis, 7.9 Million fractures occur every year in the United States. Since these fractures require treatment or surgical intervention; bone growth stimulators are frequently used. Globally, there has been a significant rise in the geriatric population, leading to majority cases of fractures, and osteoporosis. Clearly, the requirement of treatment for the fractures seems like the main factor that increases the demand for Bone Growth Stimulators.
Market for Bone Growth Stimulators is expected to grow with the factors like rise in investments for better healthcare facilities in the developed countries leading to increase in demand for non-surgical treatments.
For the Bone Growth Stimulators Market growth in the US, factor constraining the growth includes reimbursement issues.
In Asia, the population of people who are above 65 years of age is expected to touch 440 million by 2020. The incidence of fractures is more prevalent in the geriatric population due to increase in bone related disorders that tag along with old age. The rise in demand for treatment of fractures will provide strong impetus to the Bone Growth Stimulator market in the region.
Table of Contents and Insights:
The Bone Growth Stimulators Market is classified on various aspects:
- By Type: Invasive Electrical, Non Invasive Electrical and Ultrasound Bone Growth Stimulators.
- By Application: Fractures, Spinal Fusion and Others.
- By Use Type: Implantable and External Devices.
- By Geography: Americas, Europe, APAC and RoW.
Key Players in the Report:
- DJO, LLC
- Biomet, Inc.
- Ossatec Benelux Ltd.
- Orthofix, Inc.
- Smith & Nephew
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