A wide assortment of electrical bone growth stimulators have been approved and subsequently have gained rapid commercialized. These devices find substantial adoption in the treatment of spinal fusion and fracture nonunions. A slew of clinical and animal studies pivot the evolution of the bone growth stimulators market over the years.
High Economic and Health Burden of Fractures Spurring Demand
Burden of Nonunions and Delayed Healings Bolstering Bone Growth Stimulators Market Outlook
Worldwide, the economic and health burden of bone fractures is high. In spite of the continuing research on understanding the causes of nonunion and/or delayed unions, they have borne substantial morbidity. Inadequate operative and nonoperative interventions cause delayed or impaired unions. This has led to the incidence of long-term disability in the target population, even in the developed nations of the world. Need for overcoming these problems has stirred value propositions for medical device companies in the bone growth stimulators market. Electrical stimulators have gained popularity in enhancing the fracture healing. As a result, patients who need electrical stimulation are rapidly growing. Advancements in instruments for delivering electrical and electromagnetic (EM) fields to the fracture sites are bolstering the prospects of the market.
Non-invasive of Devices Key Customer Proposition in Growth Stimulators Market
Both orthopedic surgeons and patients seek minimally invasive/non-invasive modalities for bone growth stimulator. These have been notably preferred in accidents, fractures, and spinal injuries. Unfortunately, not too many non-invasive devices have gained wide commercialization. A major cause is the lack of desired efficacy of non-invasive modalities.
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Medical instrumentation companies in bone growth stimulators market. are striving to address these concerns by incorporating new device designs. In-house research teams are emphasizing on scientific rigor in the research methodologies with the aim to translating the findings in animal studies to larger animal studies. Recent trends in bone growth stimulators market that such developments have paved the way to enriching the commercialization scope of pulsed electro-magnetic field (PEMF) therapy.
R&D in Electronic Bone Growth Stimulators to Expand Frontier
Pulsed Electromagnetic Field Therapy Gathering Popularity for Fractures
A growing body of in-vitro and in-vivo studies have been conducted on the role of electronic bone growth stimulators in osteogenesis. A number of methods pertaining to direct current, and capacitive coupling, apart from pulsed electromagnetic field have thrown some interesting results. This stridently have boosted bone growth stimulators market outlook.
Companies are keen on developing novel pulsed electromagnetic field (PEMF) technology for augmenting osteogenesis. Heavyweights are keenly scrutinizing variety of cellular markers used for osteogenesis to improve the chances of success when the products are moved from bench to bedside. This paints a positive picture of sales projections of bone growth stimulators. Demand for non-invasive stimulators in spinal fusion surgeries is likely to spur prospects of electrical stimulators. In this regard, some companies might consider developing custom stimulators.
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Medical Device Manufacturers Lean on Increasing Affordability of Nex-gen Devices
In all these efforts, affordability plays a key role in wider adoption. Together with the risk of complications, cost is a key factor. Oftentimes, the best strategy is hit a tradeoff between these two parameters. This is crucial, as the recent trends in bone growth stimulators market point out lightweight and portable products gaining popularity. Thus, ease-of-use and portability being key customer propositions for players in the bone growth stimulators market. Of note, hand-held battery-powered devices are gaining traction in developed markets. The need for cutting-edge bone stimulation mechanism will benefit patients after they have undergone spinal fusion surgeries. This is expanding canvas for players in the bone growth stimulators market.
Both Asia Pacific and North America are lucrative regions, and medtech companies are keenly capturing revenues from both the markets in the next few years. Top players are diversifying product portfolio to retain their stronghold in the global bone growth stimulators market.