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The spine bone stimulators industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy. Some of the leading industry players including Medtronic plc, Inc., Orthofix Medical Inc., Zimmer Biomet Holdings, Inc., Elizur Corporation, Ossatec Benelux BV, and Theragen, Inc. among others have a notable presence in the market.
Some of the eminent market participants operating in the spine bone stimulators industry include:
Non-invasive spine bone stimulator segment held leading revenue share in 2023 and is anticipated to reach USD 834 million by 2032, driven by their safer, more comfortable, and convenient nature compared to invasive surgical procedures.
Global spine bone stimulators industry was valued at around USD 661.7 million in 2023 and is expected to reach around USD 1.11 billion by 2032, driven by a consistent increase in spinal deformities.
North America spine bone stimulators market accounted for USD 368.4 million in 2023 and will record notable growth over 2024 and 2032, driven by greater awareness among patients and healthcare providers in the region about spinal deformity.
Bioventus, Elizur Corporation, Enovis (DJO Global, Inc.), IGEA S.p.A., Medtronic plc, Orthofix Medical Inc., Ossatec Benelux BV, Synergy Orthopedics, Theragen, Inc. (Neurotech NA Inc.) are some of the major industry contenders.