Bone Growth Stimulators Market Key Players Scope and Opportunities Analysis 2019 – 2027
Companies Combine Spinal Fusion Therapy Devices with PEMF Technology
There is a growing demand for treatments that offer tissue regeneration. Since pulsed electromagnetic field (PEMF) external devices product segment is projected for aggressive growth in the bone growth stimulators market, healthcare providers are becoming increasingly aware about its advantages.
On the other hand, spine fusion surgeries segment is estimated to account for the second-highest revenue among all applications in the bone growth stimulators market. Thus, emergence of regenerative technologies is contributing toward market growth. Companies in the market for bone growth stimulators are increasing research for the development of stem cell treatments for spinal disorders. They are increasing R&D in biologics and disc regeneration to provide relief in patients suffering from spinal disorders.
Companies in the market for bone growth stimulators are innovating in therapies that offer healing during fusion procedures. For instance, Orthofix – a provider of reconstructive and regenerative solutions, announced the launch of SpinalStim™ and CervicalStim™, which are novel spinal fusion therapy devices. Companies are introducing the PEMF technology in these spinal fusion therapy devices to bolster their clinical score in the global market landscape.
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PEMF Devices Offer Long-term Relief to Osteoporosis Patients
Due to complications associated with bone regeneration due to age, diabetes or radiation treatment from cancer, companies in the bone growth stimulators market are innovating in pulsed electromagnetic field (PEMF) therapy to improve clinical scores. As such, PEMF devices come under the broader category of devices in the bone growth stimulators market, which command the largest revenue among other external devices.
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PEMF therapy is gaining increased popularity in the market for bone growth stimulators as a safe and non-invasive option to reduce pain and inflammation in patients. On the other hand, it has been found that use of PEMF devices speeds up the healing of cervical spine surgical fusions. PEMF devices are acquiring prominence in the field of osteoporosis. Hence, companies in the market for bone growth stimulators are developing PEMF stimulation devices that help to heal nonunions and even the bone density in osteoporosis patients. Significant improvements in bone fusion after PEMF therapy is improving the quality of life of patients even after discontinuation of the stimulation.
Intra-articular PRP Injections Improve Outcome in Patients Suffering from Knee Osteoarthritis
With prolongation of life expectancy in humans, high prevalence of degenerative joint diseases has increased. Due to growing incidences of pain associated with joint diseases, companies in the bone growth stimulators market are increasing the availability of platelet-rich plasma (PRP) and prolotherapy regenerative injection-based therapies. PRP is gaining popularity as an effective therapy of musculoskeletal pain management. As such, PRP segment is likely to witness exponential growth during the forecast period and the global bone growth stimulators market is estimated to reach a value of ~US$ 2.1 Bn by the end of 2027.
Companies in the market for bone growth stimulators are increasing the availability of intra-articular PRP injection, which is found to be effective in the treatment of knee osteoarthritis. However, side effects and risks of allergic reactions associated with PRP injections pose as a restraint for healthcare companies. Hence, companies are increasing awareness about the contraindications of PRP injections and are highly recommending doctor’s consultation before adopting the therapy.
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