The global spine bone stimulators market is expected to register a CAGR of approx. 4.5% over the period of 2022-2028

The global spine bone stimulators market is expected to register a CAGR of approx. 4.5% over the period of 2022-2028. A bone stimulator is an important spinal fusion procedure that is used to speed up the healing process of the bone. A bone stimulator is a small device that delivers low-voltage electrical currents directly to the spinal area where bone growth (spine fusion) is about to occur. It can be internal or external. These devices are typically worn following spine fusion. During spinal fusion, a spine bone stimulator is used. Spine bone stimulators, along with spinal instrumentation (plates, rods, and screws) and bone grafts, are used during spinal fusion surgery. These stimulators deliver low-level electrical signals to the fusion site, activating the body’s natural bone healing process, which is impaired in high-risk patients and preventing delayed or non-union of spine fractures.

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The global spinal bone stimulators can be attributed to the Increase in the number of cases associated with bone diseases such as rheumatoid arthritis, osteoporosis, Paget’s diseases of bone, traumatic incidents, and other conditions across the globe. For instance, in 2022, according to very wealth.com, More than 22% of American adults (over 52.5 million people) have arthritis or another rheumatic condition diagnosed by a doctor. 7.3% of people aged 18-44 have doctor-diagnosed arthritis; 30.3% of people aged 45-64; and 49.7% of those over 65, and by 2030, the number of people with arthritis (adults 18 years and older) is expected to rise to 67 million. Owing to the glaring statistics, the rising prevalence of arthritis due to aging and obesity increases the demand for spine bone stimulators and is anticipated to grow in the forthcoming years mainly. Moreover, the rise in the geriatric population and the increase in the number of people with post-traumatic skeletal difficulties are fueling the demand for the spine bone stimulators market. Furthermore, the rise in technological advancements in spine bone stimulators, and the increase in adoption rate for spine bone stimulators by both patients and prescribers are expected to drive the market for spine bone stimulators market in the coming years.

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Based on the products, the spine bone stimulators market is segmented into non-invasive spine bone stimulators and invasive spine bone stimulators. The non-invasive spine bone stimulators segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe due to they are less complicated and wear on the skin which does not require any further surgeries.

Based on the application, the market is fragmented into open spine surgery and minimally invasive spine surgery. The minimally invasive spine surgery segment grabbed a considerable market share and is expected to grow at a significant CAGR during the forecast period. The rise in technological advancements in spinal surgery and the adoption rate of minimally invasive spinal surgeries is boosting

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For a better understanding of the market adoption of spine bone stimulators market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the spine bone stimulators industry due to the high prevalence of osteoporosis or vertebral fractures, the rise in bone and joint problems, the large presence of medical device companies, and the well-developed healthcare infrastructure.

Some of the major players operating in the market include Aetna Inc., Bioventus LLC, IGEA S.p.A., Elizur Corporation, Medtronic plc, Zimmer Biomet Holdings, Orthofix Medical Inc, ManaMed Inc., Ossatec Benelux BV, Orchid Medical, Inc.

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Global Spine Bone Stimulators Market Segmentation

Market Insight, by Products