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Spine Bone Stimulators Market Size

  • Report ID: GMI8314
  • Published Date: Feb 2024
  • Report Format: PDF

Spine Bone Stimulators Market Size

Spine Bone Stimulators Market size was valued at around USD 661.7 million in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032. The consistent increase in spinal deformities is expected to be the primary attribute for the rising demand for spine bone stimulators.

 

The rising prevalence of spinal deformities is correlated with a surge in demand for spine bone stimulators. Various factors such as congenital deformities, age-related degeneration, and diseases including tumors or infections, and idiopathic causes contribute to these deformities. Specifically, focusing on pediatric cases, the incidence of spinal deformity surgeries has witnessed a notable rise in recent decades.

 

For instance, according to a recent publication in PubMed, the worldwide estimated incidence of adolescent idiopathic scoliosis (AIS), a prevalent type of spinal deformity, ranges from 2% to 4%. It's important to recognize that the increasing incidence of spinal deformity surgeries doesn't necessarily indicate a higher prevalence of spinal deformities themselves. Instead, it reflects a shift toward earlier detection and intervention, potentially leading to improved long-term outcomes for affected individuals, and the increasing demand for spine bone stimulators.

 

Spine bone stimulators are medical devices designed to aid in the healing of spinal bone fractures, fusion procedures, or other spinal conditions by promoting bone growth and regeneration. These devices typically utilize electrical or electromagnetic fields, ultrasound waves, or other mechanisms to stimulate bone cells and accelerate the natural healing process.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global spine bone stimulators industry was valued at around USD 661.7 million in 2023 and is expected to reach around USD 1.11 billion by 2032, driven by a consistent increase in spinal deformities.

Non-invasive spine bone stimulator segment held leading revenue share in 2023 and is anticipated to reach USD 834 million by 2032, driven by their safer, more comfortable, and convenient nature compared to invasive surgical procedures.

North America spine bone stimulators market accounted for USD 368.4 million in 2023 and will record notable growth over 2024 and 2032, driven by greater awareness among patients and healthcare providers in the region about spinal deformity.

Bioventus, Elizur Corporation, Enovis (DJO Global, Inc.), IGEA S.p.A., Medtronic plc, Orthofix Medical Inc., Ossatec Benelux BV, Synergy Orthopedics, Theragen, Inc. (Neurotech NA Inc.) are some of the major industry contenders.

Spine Bone Stimulators Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 185
  • Countries covered: 22
  • Pages: 100
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