Top 10 Companies in Bone Growth Stimulator Market in 2024

Published On : Oct 16, 2024

In today’s technology driven yet monotonous world, sedentary lifestyle has spread like a plague. Easy availability of the Internet, and rising penetration of over-the-top platforms, and lack of available space for work out are all equally responsible for sedentary behaviors. It has further resulted in the increasing prevalence of joint and bone problems like osteoarthritis, strained discs, decreased mobility, osteoporosis, and weak muscles.

The World Health Organization (WHO) mentions that approximately 528 million individuals were affected by osteoarthritis in 2019. It showed a surge of nearly 113% since 1990.

Rising health issues are compelling individuals to shift toward early diagnosis and treatment. Bone growth stimulators have been acting as a knight in shining armor in such scenarios. In addition, increasing road accidents especially in emerging countries are raising the cases of spinal injuries and bone fractures. These are further creating a high need for minimally invasive surgeries involving bone growth stimulators.

Top 10 Companies in Bone Growth Stimulator Market in 2024

Sports-related Injuries - Main Culprits Augmenting Stimulator Demand

Increasing incidence of sports-related injuries across the globe has been a key factor shaping demand for bone growth stimulators. According to John Hopkins Medicine, a reputed healthcare institution based in the United States, each year, around 30 million teenagers and children participate in organized sport in the country. Around 3.5 million sports injuries are reported every year.

About 21% of all traumatic brain injuries are a result of recreational and sports activities among American children. Skating, skateboarding, and bicycling activities are the main causes of sports injuries. Rising participation of youngsters in such activities and increasing number of these events worldwide are likely to push the need for bone growth stimulators.

Top 10 Bone Growth Stimulator Manufacturers in 2024

1. Medtronic plc

Headquartered in Dublin, Medtronic plc was founded in 1949 by Palmer Hermundslie and Earl Bakken. The company offers Infuse™ Bone Graft that accelerates the development of bone-forming cells. It also helps in producing a new bone to heal or replace an existing one. The product mainly contains rhBMP-2 and it has been already approved for use in orthopedic and spine trauma surgeries.

2. Zimmer Biomet Holdings, Inc.

Indiana-based Zimmer Biomet was founded in 1927. Its OrthoPak Non-invasive Bone Growth Stimulator System was developed to accelerate the healing of bone fractures that have otherwise failed to do so in regular periods. It is a nonsurgical treatment technique that is safe to use and comfortable to wear. The patient does not feel any type of stimulation even though it is an electrical stimulation device.

3. Orthofix Holdings, Inc.

Founded in 2003, Orthofix Holdings, Inc. is considered one of the most prominent bone growth stimulator providers in the United States. The company’s novel devices offer non-surgical and safe treatment options to quickly heal nonunion fractures and promote spinal fusion. The company uses Pulsed Electromagnetic Field (PEMF) technology that generates a low-level, uniform electric field to boost the body’s natural healing process.

4. DePuy Synthes

In 1998, DePuy Synthes was acquired by Johnson & Johnson, and it now operates as a franchise of neurosurgery and orthopedic firms. Its FIBERGRAFT™ AERIDYAN™ Matrix is a key product that carries bioactive glass granules and microspheres to bolster bone cell angiogenesis, proliferation, and adhesion. Apart from that, it provides ATTUNE™ Knee System and CONDUIT™ 3D printed cellular titanium implants under its orthopedic care product line.

5. Bioventus LLC

A renowned player in the field of surgical orthobiologics and active healing, Bioventus LLC is headquartered in North Carolina. Its Ultrasound Bone Healing with Exogen® is a unique device that uses ultrasound waves to trigger cells located near the site of the breakage. The system helps in stimulating an individual’s natural healing process. It is considered a cost-effective option to heal broken bones.

6. Ossatec Benelux Ltd.

Located in the Netherlands, Ossatec Benelux has been delivering cutting-edge bone growth stimulators since its launch in 2008. The company’s stimulator is useful for corrective osteotomy, fresh fractures, shin splints, supportive therapy, and high-risk fractures. A few key features of the product include 9-volt power supply, patient unit, cylindrical spool, and others.

7. Isto Biologics

An orthobiologics firm, Isto Biologics is based in Hopkinton. It offers three types of allografts mainly created with varying properties to quicken the healing process. Its Demineralized Bone Matrix (DBM) line comes in multiple forms, such as blocks, putty, loose fibers, discs, strips, and boats. The Functional Allograft range called Fibrant has liberty, anchor, boat, bullet, wrap, and pak forms. Lastly, its Integrative Bone Matrix line named SPARC delivers cells, fiber scaffold, and restored signal. s

8. DJO Global

Headquartered in California, DJO Global is a key subsidiary of Enovis, a medical technology firm. It provides DJO® OL1000® and DJO® Spinalogic®. The former is a battery-powered, portable device that is mainly used in non-invasive treatment of fractures. The latter is a non-invasive, micro-controlled bone growth stimulator. It is lightweight and is equipped with one button technology.

9. Stryker Corporation

Based in Michigan, Stryker was founded in 1941. Since then, it has been providing customers with high-quality medical devices and technology. The company’s Pro-Stim injectable inductive graft was developed on the Pro-Dense graft platform. It combines calcium phosphate and calcium sulfate to add DBM.

10. BTT Health GmbH

Founded in 2014, Germany-based BTT Health has been offering state-of-the-art ultrasound bone growth stimulators to clients. Its product line includes Bone4ce and Marodyne LiV. The former emits high-frequency and low-intensive ultrasound waves to initiate bone therapy. The latter delivers vibrations that help rapidly heal muscle weakness and osteoporosis.

Booming Medical Tourism and Rising Spine Surgeries to Transform the Future

The trend for medical tourism is set to skyrocket in the next ten years due to the availability of low-cost treatment options in developing countries. Government agencies are likely to take several initiatives to promote medical tourism in their respective countries to bolster revenue.

The Global Healthcare Accreditation, for instance, found that in 2019, about 1.3 million patients went to Mexico to undergo treatment for orthopedics, dental care, cosmetic surgery, and stem cell therapy. Similarly, Malaysia witnessed an influx of 1.2 million patients in 2018 for orthopedics, cardiology, cosmetic surgery, and fertility treatment.

The numbers are anticipated to rise in the forthcoming years, thereby creating lucrative opportunities for key players in the bone growth stimulator industry. Surging cases of lumbar and cervical spine surgeries backed by age, degenerative conditions, and smoking are also set to propel demand. 

Bone Growth Stimulator Market

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