Market Overview:
The global external bone growth stimulator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into combined magnetic field (CMF) devices, capacitive coupling (CC) devices, and pulsed electromagnetic field (PEMF) devices. CMF devices are further sub-segmented into static and dynamic CMF devices. CC Devices are further sub-segmented into single-coil and dual-coil CC devices. PEMF Devices are further sub-segmented into low frequency PEMF (1 kHz). On the basis of application, the market is segmented into spinal fusion surgeries, delayed union & nonunion bone fractures,, oral and maxillofacial surgeries,, other applications such as sports injuries,. By region, North America dominates this market followed by Europe due to increasing number of geriatric population in these regions who suffer from various orthopedic disorders that can be treated with external bone growth stimulators.
Product Definition:
External bone growth stimulators are devices used to stimulate the growth of new bones. They are typically used to treat conditions that result in the loss of bone mass, such as osteoporosis. External bone growth stimulators work by delivering a low dose of electrical current or vibrations to the bones. This stimulation encourages new bone formation and helps to maintain or restore lost bone mass.
Combined Magnetic Field (CMF) Devices:
The CMF devices are used for bone growth stimulation and have been in use since the early 70s. The combined magnetic field (CMF) is generated by using a coil around the target area which generates an electric current within the body tissues, this current causes a magnetic effect on nearby metallic implants leading to their attraction towards the site of application.
Factors such as ease of usage over other techniques, minimally invasive nature leading to faster recovery rate.
Capacitive Coupling (CC) Devices:
The capacitive coupling devices are used to stimulate the bone growth. It is a method where the electrical signal generated by an electromagnetic coil is passed onto a nearby bone using tissue as an insulator. The technique has been in use for over two decades and has undergone various modifications since its inception.
Various research studies have been conducted on this technology, which include animal experiments.
Application Insights:
The spinal fusion surgeries segment dominated the global external bone growth stimulators market in 2017. This is attributed to the high usage rate of these devices for treating spondylolisthesis, pars fractures, and other spinal disorders. According to a study published by NCBI in 2018, around 80% of patients with spondylolisthesis require surgery to treat it effectively. As per this same source, around 60% of people aged 60 years or above suffer from some form of arthritis each year globally. Thus; increasing geriatric population is also expected to contribute towards significant demand for these devices over the forecast period.
Oral and maxillofacial surgeries are anticipated to witness lucrative CAGR during the forecast period owing to rising number of dental procedures worldwide coupled with growing aging population that suffers from tooth decay.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of patients suffering from osteoporosis and other bone-related disorders. According to Osteoporosis Canada, more than 1 million people suffer from osteoporosis in Canada alone. Thus, an increase in demand for BMD stimulators is anticipated to drive growth over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period due to rising healthcare expenditure by governments and private sectors as well as increasing awareness about advanced treatment options for delayed union & nonunion bone fractures and spinal surgeries. In addition, favorable government policies are also expected favorably impact regional market growth during the forecast period.
Growth Factors:
- Increasing incidence of bone fractures and osteoporosis
- Growing geriatric population
- Rising awareness about the benefits of external bone growth stimulators
- Technological advancements in external bone growth stimulators devices
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
External Bone Growth Stimulators Market Research Report
By Type
Combined Magnetic Field (CMF) Devices, Capacitive Coupling (CC) Devices, Pulsed Electromagnetic Field (PEMF) Devices
By Application
Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral and Maxillofacial Surgeries, Others
By Companies
Orthofix International N.V. (U.S.), Medtronic plc (Ireland), Zimmer Biomet Holdings, Inc. (U.S.), DJO Finance LLC (U.S.), Bioventus LLC (U.S.), Stryker Corporation (U.S.), DePuy Synthes (U.S.), Arthrex, Inc. (U.S.), Isto Biologics (U.S.), Harvest Technologies Corporation (U.S.)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global External Bone Growth Stimulators Market Report Segments:
The global External Bone Growth Stimulators market is segmented on the basis of:
Types
Combined Magnetic Field (CMF) Devices, Capacitive Coupling (CC) Devices, Pulsed Electromagnetic Field (PEMF) Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral and Maxillofacial Surgeries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orthofix International N.V. (U.S.)
- Medtronic plc (Ireland)
- Zimmer Biomet Holdings, Inc. (U.S.)
- DJO Finance LLC (U.S.)
- Bioventus LLC (U.S.)
- Stryker Corporation (U.S.)
- DePuy Synthes (U.S.)
- Arthrex, Inc. (U.S.)
- Isto Biologics (U.S.)
- Harvest Technologies Corporation (U.S.)
Highlights of The External Bone Growth Stimulators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Combined Magnetic Field (CMF) Devices
- Capacitive Coupling (CC) Devices
- Pulsed Electromagnetic Field (PEMF) Devices
- By Application:
- Spinal Fusion Surgeries
- Delayed Union & Nonunion Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the External Bone Growth Stimulators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
External bone growth stimulators are medications that help stimulate the growth of new bone tissue. They can be used to treat conditions such as osteoporosis or fractures.
Some of the major players in the external bone growth stimulators market are Orthofix International N.V. (U.S.), Medtronic plc (Ireland), Zimmer Biomet Holdings, Inc. (U.S.), DJO Finance LLC (U.S.), Bioventus LLC (U.S.), Stryker Corporation (U.S.), DePuy Synthes (U.S.), Arthrex, Inc. (U.S.), Isto Biologics (U.S.), Harvest Technologies Corporation (U.S.).
The external bone growth stimulators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. External Bone Growth Stimulators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. External Bone Growth Stimulators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. External Bone Growth Stimulators Market - Supply Chain
4.5. Global External Bone Growth Stimulators Market Forecast
4.5.1. External Bone Growth Stimulators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. External Bone Growth Stimulators Market Size (000 Units) and Y-o-Y Growth
4.5.3. External Bone Growth Stimulators Market Absolute $ Opportunity
5. Global External Bone Growth Stimulators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. External Bone Growth Stimulators Market Size and Volume Forecast by Type
5.3.1. Combined Magnetic Field (CMF) Devices
5.3.2. Capacitive Coupling (CC) Devices
5.3.3. Pulsed Electromagnetic Field (PEMF) Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global External Bone Growth Stimulators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. External Bone Growth Stimulators Market Size and Volume Forecast by Application
6.3.1. Spinal Fusion Surgeries
6.3.2. Delayed Union & Nonunion Bone Fractures
6.3.3. Oral and Maxillofacial Surgeries
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global External Bone Growth Stimulators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. External Bone Growth Stimulators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global External Bone Growth Stimulators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. External Bone Growth Stimulators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global External Bone Growth Stimulators Demand Share Forecast, 2019-2026
9. North America External Bone Growth Stimulators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America External Bone Growth Stimulators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America External Bone Growth Stimulators Market Size and Volume Forecast by Application
9.4.1. Spinal Fusion Surgeries
9.4.2. Delayed Union & Nonunion Bone Fractures
9.4.3. Oral and Maxillofacial Surgeries
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America External Bone Growth Stimulators Market Size and Volume Forecast by Type
9.7.1. Combined Magnetic Field (CMF) Devices
9.7.2. Capacitive Coupling (CC) Devices
9.7.3. Pulsed Electromagnetic Field (PEMF) Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America External Bone Growth Stimulators Demand Share Forecast, 2019-2026
10. Latin America External Bone Growth Stimulators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America External Bone Growth Stimulators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America External Bone Growth Stimulators Market Size and Volume Forecast by Application
10.4.1. Spinal Fusion Surgeries
10.4.2. Delayed Union & Nonunion Bone Fractures
10.4.3. Oral and Maxillofacial Surgeries
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America External Bone Growth Stimulators Market Size and Volume Forecast by Type
10.7.1. Combined Magnetic Field (CMF) Devices
10.7.2. Capacitive Coupling (CC) Devices
10.7.3. Pulsed Electromagnetic Field (PEMF) Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America External Bone Growth Stimulators Demand Share Forecast, 2019-2026
11. Europe External Bone Growth Stimulators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe External Bone Growth Stimulators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe External Bone Growth Stimulators Market Size and Volume Forecast by Application
11.4.1. Spinal Fusion Surgeries
11.4.2. Delayed Union & Nonunion Bone Fractures
11.4.3. Oral and Maxillofacial Surgeries
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe External Bone Growth Stimulators Market Size and Volume Forecast by Type
11.7.1. Combined Magnetic Field (CMF) Devices
11.7.2. Capacitive Coupling (CC) Devices
11.7.3. Pulsed Electromagnetic Field (PEMF) Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe External Bone Growth Stimulators Demand Share, 2019-2026
12. Asia Pacific External Bone Growth Stimulators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific External Bone Growth Stimulators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific External Bone Growth Stimulators Market Size and Volume Forecast by Application
12.4.1. Spinal Fusion Surgeries
12.4.2. Delayed Union & Nonunion Bone Fractures
12.4.3. Oral and Maxillofacial Surgeries
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific External Bone Growth Stimulators Market Size and Volume Forecast by Type
12.7.1. Combined Magnetic Field (CMF) Devices
12.7.2. Capacitive Coupling (CC) Devices
12.7.3. Pulsed Electromagnetic Field (PEMF) Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific External Bone Growth Stimulators Demand Share, 2019-2026
13. Middle East & Africa External Bone Growth Stimulators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa External Bone Growth Stimulators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa External Bone Growth Stimulators Market Size and Volume Forecast by Application
13.4.1. Spinal Fusion Surgeries
13.4.2. Delayed Union & Nonunion Bone Fractures
13.4.3. Oral and Maxillofacial Surgeries
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa External Bone Growth Stimulators Market Size and Volume Forecast by Type
13.7.1. Combined Magnetic Field (CMF) Devices
13.7.2. Capacitive Coupling (CC) Devices
13.7.3. Pulsed Electromagnetic Field (PEMF) Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa External Bone Growth Stimulators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global External Bone Growth Stimulators Market: Market Share Analysis
14.2. External Bone Growth Stimulators Distributors and Customers
14.3. External Bone Growth Stimulators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Orthofix International N.V. (U.S.)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtronic plc (Ireland)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zimmer Biomet Holdings, Inc. (U.S.)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DJO Finance LLC (U.S.)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bioventus LLC (U.S.)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stryker Corporation (U.S.)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DePuy Synthes (U.S.)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Arthrex, Inc. (U.S.)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Isto Biologics (U.S.)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Harvest Technologies Corporation (U.S.)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
