The Europe Bone Growth Stimulators Market was worth USD 369 million in 2016 and estimated to be growing at a CAGR of 5.6%, to reach USD 484 million by 2021. The market is estimated to grow at a significant potential during the specified period and also in the years to follow.
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Bone growth stimulators are the medical devices that speed up the fracture healing in cases of delay or failure. They increase the natural speed of the bone-healing process without giving electric shocks when worn by the user. External bone growth stimulator are also called non-invasive bone growth stimulators and are mobile devices worn externally. They do not need surgery for implantation. An external bone growth stimulator is advised to be kept for two to nine hours per day for around three to nine months in a year. An internal bone growth stimulator is an invasive bone growth stimulator and is implanted on the fusion spot of the bone. It gives off small electrical currents. The internal bone growth stimulator is removed from the fusion spot after 6–12 months.
Europe Bone-growth stimulators market is driven by factors like increasing old-age population, rising incidences of arthritis and injuries caused by sports and growing demand for non-invasive spinal surgery methods. But, factors like the easy availability of other treatment options, doubtful efficiency, problems faced due to issues the medical device, lack of awareness, lack of government support and competition from bone grafting act as restraints for the growth of bone growth stimulators market.
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The Europe Bone Growth Stimulators market is broadly categorized on the basis of Product into Bone Growth Stimulation Devices, Bone Morphogenetic Proteins and Platelet-rich Plasma. The bone growth stimulation devices is further segmented into External Bone Growth Stimulators, Implanted Bone Growth Stimulators and Ultrasonic Bone Growth Stimulators. Based on Application, the market is segmented into Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral and Maxillofacial Surgeries and Other Applications. On the basis of End User, the market is classified into Hospitals and Clinics, Home Care, Academic & Research Institutes and CROs.
On the basis of region the Europe market is analyzed under the regions U.K, Germany, Denmark, Netherlands, Spain and Italy. Countries in this region have a booming medical sector. With the ongoing developments in new treatment methods, this region will host a huge growth for the Bone-growth Stimulators market.
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The major players dominating the Bone Growth Stimulators market are DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.
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