The Global Cranial Fixation and Stabilization Market is expected to reach USD 2.29 Billion by 2025, registering a CAGR of 8.90%.
This market growth can be attributed to the growing healthcare market and the ever-expanding technology market. Advances in these fields have created an environment that is conducive to the development of specialized surgical procedures for traditionally high-risk surgeries.
According to the UN, globally, one in six individuals suffers from a neurological disorder. There are several invasive surgeries that being developed to treat such conditions, requiring cranial fixation and stabilization equipment.
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Cranial Fixation and Stabilization Market Regional Analysis
Cranial Fixation and Stabilization system Market 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. A 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.
Market Scope
The global cranial fixation and stabilization market is predicted to touch a value of USD 2.29 billion by 2025. It can exhibit a CAGR of 8.90% during the forecast period owing to all surgical procedures involving the head. Rise of minimally invasive surgeries and breakthroughs in instruments demanded for surgeries can bode well for the market. According to the WHO, close to 6.8 million die of neurological conditions annually.
The development of new surgical techniques to assist patients with neurological disorders and the largescale spending on healthcare by nations can be beneficial to the global cranial fixation and stabilization market. The establishment of standards and practices as well as the need for head and neck stabilization during surgeries can evoke the need for cranial fixation stabilization systems.
However, strict regulations on cranial fixation and stabilization equipment and differing regulations on imports and exports of equipment can hamper the market growth.
Segmental Analysis
The segmental study of the cranial fixation and stabilization market is carried out on the basis of category, product, type, region, and end users. The category segment of the cranial fixation and stabilization market consists of cranial stabilization systems and cranial fixation systems. The end user segment of the cranial fixation and stabilization market consists of hospitals and ambulatory surgical centers. The product segment of the cranial fixation and stabilization market consists of meshes, skull clamps, horseshoe headrests, plates, screws, accessories. The type segment of the cranial fixation and stabilization market consists of non-resorbable and resorbable. The region segment of the cranial fixation and stabilization market consists of Europe, Asia Pacific, North America and other vital regional markets.
Major Players:
Players leading the global cranial fixation and stabilization market include Johnson Johnson (US), Stryker (US), Customed (UK), KLS Martin Group (Germany), Medtronic (US), Integra Lifesciences Corporation (US), Braun Melsungen AG (Germany), Changzhou Huida (China), DePuy Synthes (US), Evonos (Germany), Jeil Medical (South Korea), Medicon (Germany), Micromar (Brazil), NEOS Surgery (Spain), Pro Med Instruments (Germany), and Zimmer Biomet (US), among others.
LIST OF TABLES
Table 1 Global Cranial Fixation Stabilization Synopsis, 2020-2027
Table 2 Global Cranial Fixation Stabilization Market Estimates Forecast, 2020-2027, (USD Million)
Table 3 Global Cranial Fixation Stabilization Market, by Region 2020-2027, (USD Million)
Table 4 Global Cranial Fixation Stabilization Market, by Category 2020-2027, (USD Million)
Table 5 Global Cranial Fixation Stabilization Market, by Product 2020-2027, (USD Million)
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