Middle East and Africa Bone Growth Stimulators Market is poised to reach USD 151 million by 2021.
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The Middle East and Africa Bone Growth Stimulators Market was worth USD 118 million in 2016 and estimated to be growing at a CAGR of 5.1%, to reach USD 151 million by 2021. The market is estimated to grow at a significant potential during the specified period and also in the years to follow.
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Bone growth stimulators are the medical devices that speed up the fracture healing process of a person when the body is not able to do so on its own. They increase the natural pace of bone-healing without giving electric shocks when worn by the patient.
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External bone growth stimulators, which are also called non-invasive bone growth stimulators are portable devices worn externally by the user. They do not need surgery for implantation.
An external bone growth stimulator is to be kept for a few hours per day. An internal bone growth stimulator is an invasive bone growth stimulator and is placed on the fusion spot of the bone.
It emits small electrical currents and is removed from the fusion spot after a year.
Middle-East and Africa Bone-growth stimulators market is driven by factors like increasing population, growing amount diseases like arthritis and injuries caused by sports and growing demand for non-invasive spinal surgeries. However, factors like the preference to other feasible treatment options, doubtful efficiency of the procedure, problems due to issues in the medical device, lack of awareness and government support along with competition from bone grafting act as constraints for the growth of bone growth stimulators market.
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The Middle East and Africa Bone Growth Stimulators market is broadly categorized on the basis of Product into Bone Growth Stimulation Devices, Bone Morphogenetic Proteins and Platelet-rich Plasma. The bone growth stimulation devices is further segmented into External Bone Growth Stimulators, Implanted Bone Growth Stimulators and Ultrasonic Bone Growth Stimulators.
Based on Application, the market is segmented into Spinal Fusion Surgeries, Delayed Union & Nonunion Bone Fractures, Oral and Maxillofacial Surgeries and Other Applications. On the basis of End User, the market is classified into Hospitals and Clinics, Home Care, Academic & Research Institutes and CROs.
On the basis of region the Middle-East and Africa market is analyzed under the regions Middle East and Africa. Being the region which hosts several developing countries, there seems a lot of potential for the growth of Bone-growth Stimulators market in this region.
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The major players dominating the Bone Growth Stimulators market are DJO LLC, Orthofix International N.V., Zimmer Biomet Holdings Inc., Elizur, Bioventus LLC., Ossatec Benelux BV, Verve Consulting Inc., and IGEA S.p.A.
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