Bone Growth Stimulators are devices which help promote bone growth in conditions where healing process of fractures is difficult. These devices use the technique of applying electric current in order to stimulate healing. Bone growth stimulators are also used as an adjunct for spinal fusion.
Approximately 7.9 million fractures occur every year in the United States, of which 5-10% results in a delayed union or non-union. Since these fractures require treatment or surgical intervention; bone growth stimulators are frequently used. Globally, there has been a significant rise in the geriatric population, leading to majority cases of fractures, and osteoporosis. The requirement of treatment for the fractures is one of the important factors that increase the demand for bone growth stimulators.
The healthcare industries in the developed countries are focusing their investments for improvised healthcare facilities. The increased use of non-surgical treatments will provide a strong impetus to the growth of the market for bone growth stimulators.
Sample Companies Profiled in this Report are:
- Ossatec Benelux Ltd.
- Orthofix, Inc.
- Smith & Nephew
- Aetna, Inc.