Cranial Fixation and Stabilization Market Scope
Cranial fixation and stabilization market is all set to touch a tremendous USD 2.29 billion by the year 2025, confirms MRFR (Market Research Future). MRFR adds that the market size will burgeon at a rate of 8.90% between 2019 and 2025 (appraisal period).
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Growth Boosters and Deterrents
Escalating number of road accidents and the urgent need for advanced reconstructive surgeries have enhanced the market size of cranial fixation and stabilization devices. Increase in cases of brain cancer, head trauma and aneurysms, in line with growing number of sports events and other activities also act as a key growth booster. Brain Aneurysm Foundation’s extensive study reveals that in the year 2017, close to 6 million people in the United States alone had brain aneurysm and the number is expected to mount considerably in the next few years.
Mounting number of skilled neurologists, supportive reimbursement schemes and soaring cases of fall injuries are working in favor of the cranial fixation and stabilization market. increased prevalence and use of 3D printed devices can be a major trend in the market.Technological advances are giving way to new novel devices that facilitate effective treatment and surgeries. Emerging countries like India and China offer remarkable opportunities to the global companies, in view of the advancements in the healthcare infrastructure and rising spending.
Cranial Fixation and Stabilization Market Segmentation
Category, product, type and end-user are the top segments considered in the MRFR report.
Cranial fixation systems and cranial stabilization systems are the key categories studied in the report. Cranial fixation systems are extensively used in trauma cases, which form the major portion of the total brain surgeries. As a result, the segment has taken the lead in the global market.
Products analyzed in the MRFR study include skull clamps, meshes, screws, plates, horseshoe headrests, and accessories. The demand for mesh is quite strong, given its widespread use in a number of cranial surgeries.
Types of cranial fixation and stabilization devices are resorbable and non-resorbable. Resorbable devices are non-toxic and biocompatible and have features including strength, thermoplasticity, degradation properties, hydrophilicity and crystallinity,which are key requirements during cranial surgeries. Hence, the resorbable segment is expected to dominate the worldwide market over the years to come.
Major end-users considered in the report are ambulatory surgical centers,hospitals, and more. Hospitals have been the highest revenue generating segment, and will continue to maintain its leadership throughout the given period. The huge number of neurosurgeries that are conducted in hospitals can be the biggest reason for the segment’s dominance.
Cranial Fixation and Stabilization Market Regional Analysis
Cranial fixation and stabilization industry can be regionally split into APAC/Asia Pacific, Europe, MEA/Middle East & Africa and the Americas.
Americas, with a substantial share of 55% in the global market, is in the lead. Surge in spinal disorders as well as trauma that require effective fixation and stabilization during surgeries foster the market size in the region. Also, the rapid increase in the number of deep brain stimulation procedures in the region, accelerated cases of brain cancer and growing incidences of road and sports-related accidents will also contribute to the market growth over the following years.
AsiaPacific is slated to be the fastest-advancing market for cranial fixation and stabilization in the forthcoming years, primarily due to the aggressive growth of the economic status and improvements in healthcare infrastructure. Burgeoning populace of patients suffering from neurological disorders as well as head traumas, in addition to increasing government spending on healthcare can be favorable for the APAC market as well. Another growth rendering factor includes the dramatic surge in the number of skilled neurologists with skills in cranial fixation and stabilization in the region.
Cranial Fixation and Stabilization Market Leading Companies
Medicon (Germany), Ostomed (UK), Medtronic (US), Stryker (US), Braun Melsungen AG (Germany), KLS Martin Group (Germany), Johnson & Johnson (US), Jeil Medical (South Korea), Micromar (Brazil), Changzhou Huida (China), NEOS Surgery (Spain), Evonos (Germany), Pro Med Instruments (Germany), Zimmer Biomet (US), DePuy Synthes (US),Integra LifeSciences Corporation (US), are some of the prominent firms in the global market.
Latest Updates
October 2020
Alphatec HoldingsInc., a well-known medical device manufacturer focused on transforming the approach to spine surgery, has commercially introduced two solutions developed for improving the ATEC transforaminal lumbar interbody fusion clinical experience. The InVictus Modular Pedicle Screw and Sigma Access System (which enables effective exposure backed by independent cranial retraction) are advanced technologies that can be completed integrated with the company’s SingleStep implant delivery system, IdentiTi TLIF implants and SafeOp Neural InformatiX system, to facilitate an intelligently designed, comprehensiveTLIF approach.
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BREIF TOC
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
Chapter 6. Global Cranial Fixation & Stabilization Market, By Category
6.1 Introduction
6.2 Cranial Fixation Systems
6.3 Cranial Stabilization Systems
Chapter 7. Global Cranial Fixation & Stabilization Market, By Product
Continued…
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