The cranial fixation and stabilization devices global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cranial Fixation And Stabilization Devices Market, 2024The cranial fixation and stabilization devices global market report 2024
Market Size –
The cranial fixation and stabilization devices market size has grown strongly in recent years. It will grow from $2.06 billion in 2023 to $2.20 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to increasing number of road accidents, rising number of neurosurgeons and specialized hospitals, increasing prevalence of cranial deformities, rising incidence of sports-related injuries, increasing number of military injuries.
The cranial fixation and stabilization devices market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing prevalence of traumatic brain injuries, rising incidence of neurological diseases, growing aging population, increasing healthcare expenditure, rising awareness about brain health. Major trends in the forecast period include advancements in neurosurgical techniques, adoption of minimally invasive surgeries, technological advancements in cranial fixation devices, demand for customized cranial implants, investment in research and development.
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Scope Of Cranial Fixation And Stabilization Devices MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cranial Fixation And Stabilization Devices Market Overview
Market Drivers –
The increasing prevalence of neurological diseases is expected to propel the growth of the cranial fixation and stabilization device market going forward. Neurological diseases, which are disorders affecting the nervous system—including the brain, spinal cord, and peripheral nerves—lead to various symptoms such as cognitive decline, motor dysfunction, and sensory disturbances. The rising prevalence of these diseases can be attributed to factors such as an aging population, increased life expectancy, and enhanced awareness and diagnostic capabilities. Cranial fixation and stabilization devices are essential for neurological procedures as they securely immobilize the head, ensuring precise and stable positioning during surgeries or treatments involving the brain and skull. For example, a report published by the National Institutes of Health (NIH) in March 2021 revealed that approximately 6.2 million Americans aged 65 and older were living with Alzheimer’s dementia in 2021, with this number projected to rise to 13.8 million by 2060 unless significant medical breakthroughs are achieved. Thus, the growing prevalence of neurological diseases is a key driver of growth in the cranial fixation and stabilization device market.
Market Trends –
Major companies operating in the cranial fixation and stabilization device market are developing innovative products, such as 3D-printed cranial implants, to better serve customers with advanced features. A 3D-printed cranial implant is a customized, patient-specific medical device created using additive manufacturing technology to repair or reconstruct cranial defects or injuries. For instance, in April 2024, 3D Systems, a US-based manufacturer of 3D printers, 3D printing materials, 3D Printed Parts, announced the Food and Drug Administration (FDA) approval for VSP PEEK Cranial Implant. The VSP PEEK Cranial Implant, the first FDA-cleared additively manufactured PEEK implant for cranioplasty procedures, is uniquely designed to restore skull defects. This high-performance, implant-grade polymer is renowned in medical device applications for its exceptional mechanical properties that closely resemble human bone. PEEK’s excellent biocompatibility, resistance to bodily fluids, and stability across a wide temperature range make it an ideal choice for medical devices. Additionally, its inherent radiolucency ensures minimal interference with medical imaging, allowing for a clearer evaluation of the surgical site and implant integrity.
The cranial fixation and stabilization devices market covered in this report is segmented –
1) By Product: Cranial Fixation Devices, Cranial Stabilization Devices
3) By Material Type: Resorbable Fixation Systems, Nonresorbable Fixation Systems
3) By End User: Hospitals, Ambulatory Surgical Centers
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Regional Insights –
North America was the largest region in the cranial fixation and stabilization devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cranial fixation and stabilization devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Johnson & Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Integra LifeSciences Corporation, Orthofix Medical Inc., KLS Martin Group, Aesculap Inc., Acumed LLC, OsteoMed, Merivaara Corp., Brainlab AG, Medicon, Evonos GmbH & Co. KG, B. Braun Melsungen AG, Bioplate Inc., Jeil Medical Corporation, Changzhou Huida Medical Instrument Co. Ltd., Micromar, NEOS Surgery SL, Pro Med Instruments Inc., Rebstock Instruments, Nouvag AG
Table of Contents
1. Executive Summary
2. Cranial Fixation And Stabilization Devices Market Characteristics
3. Cranial Fixation And Stabilization Devices Market Trends And Strategies
4. Cranial Fixation And Stabilization Devices Market – Macro Economic Scenario
5. Global Cranial Fixation And Stabilization Devices Market Size and Growth
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32. Global Cranial Fixation And Stabilization Devices Market Competitive Benchmarking
33. Global Cranial Fixation And Stabilization Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cranial Fixation And Stabilization Devices Market
35. Cranial Fixation And Stabilization Devices Market Future Outlook and Potential Analysis
36. Appendix
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