Spine Bone Stimulators Market Anticipated to Grow at an Impressive Rate during the Period

Spine Bone Stimulators Market was valued at $562 million in 2015, and is expected to reach $724 million by 2022, supported by a CAGR of 3.6% during the forecast period 2014 - 2022.

Spine bone stimulators and spinal instrumentation (plates, rods, and screws) and bone grafts are used during a spinal fusion surgery to enhance the bones healing process. These stimulators send low-level electrical signals to the fusion site, in turn activating the body's natural bone healing process, which gets impaired in at-risk patients, preventing delayed unions or non-union of the spine fractures.

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The key players operating in the spine bone stimulators market focus on expanding their business operations in emerging countries with new product launches as a preferred strategy.

The major companies profiled in the report include

·         Aetna Inc.

·         Bioventus LLC

·         DJO Global Inc.

·         elizur Corporation

·         IGEA S.p.A.

·         Medtronic plc

·         Orchid Medical Inc.

·         Orthofix International N.V.

·         Ossatec Benelux B.V.

·         Smith & Nephew plc

·         Verve Consulting Inc.

·         Zimmer Biomet Holdings Inc.

Increase in geriatric population and rise in incidence of osteoporosis and arthritis boost the market growth. However, advent of bone growth-stimulating drugs, fixation instrumentation during fusion and non-union fractures, and high initial cost of these devices are expected to impede the market growth. Non-invasive spine bone stimulators were the highest revenue-generating segment, accounting for more than two-thirds of the spine bone stimulators market.

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Key findings of Spine Bone Stimulators Market:

• Non-invasive spine bone stimulators segment is expected to grow at a CAGR of 3.6% during the forecast period.
• Pulsed electromagnetic field device occupied more than three-fifths of the global non-invasive spine bone stimulators market in 2015.
• North America dominated and accounted for nearly two-thirds of the global market in 2015.
• France and Germany collectively accounted for almost one-third of the European spine bone stimulators market in 2015.
• Japan was the major shareholder in Asia-Pacific spine bone stimulators market in 2015, accounting for almost one-third share.

North America accounted for the major share of revenue in 2015, and is expected to maintain its dominance throughout the forecast period. However, Asia-Pacific is projected to be the fastest growing region, registering a CAGR of 4.5%. Improvement in healthcare infrastructure and increase in expenditure in emerging markets (such as India and China) to overcome the unmet medical needs in these countries have supplemented the market growth.

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