Spine Bone Stimulators Market Report, published by Allied Market Research, forecasts that the global market was valued at $562 million in 2015, and is expected to reach $724 million by 2022, supported by a CAGR of 3.6% during the forecast period 2014 - 2022.
Spine bone stimulators and spinal instrumentation (plates, rods, and screws) and bone grafts are used during a spinal fusion surgery to enhance the bones healing process. These stimulators send low-level electrical signals to the fusion site, in turn activating the body's natural bone healing process, which gets impaired in at-risk patients, preventing delayed unions or non-union of the spine fractures.
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COVID-19 scenario analysis:
1) The COVID-19 impact on the Spine bone stimulators market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
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Key Findings of the Spine bone stimulators market:
Non-invasive spine bone stimulators segment is expected to grow at a CAGR of 3.6% during the forecast period.
Pulsed electromagnetic field device occupied more than three-fifths of the global non-invasive spine bone stimulators market in 2015.
North America dominated and accounted for nearly two-thirds of the global market in 2015.
France and Germany collectively accounted for almost one-third of the European spine bone stimulators market in 2015.
Japan was the major shareholder in Asia-Pacific spine bone stimulators market in 2015, accounting for almost one-third share.
List of Key Players Profiled in the Report:
The major companies profiled in the report include Aetna, Inc., Bioventus LLC, DJO Global, Inc., elizur Corporation, IGEA S.p.A., Medtronic plc, Orchid Medical, Inc., Orthofix International N.V., Ossatec Benelux B.V., Smith & Nephew plc, Verve Consulting Inc., and Zimmer Biomet Holdings, Inc.
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