Global Cranial Fixation and Stabilization Devices Market By Product (Fixation Devices and Stabilization Devices), By End Use (Hospitals and Ambulatory Surgical Centers), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032
- Published date: May 2023
- Report ID: 48746
- Number of Pages: 298
Cranial Fixation and Stabilization Devices Market Overview:
In 2021, the global market for cranial fixation devices was worth USD 1,448.1 million. The market is expected to grow at a 5.5% CAGR over the forecast period. The rising demand for minimally invasive brain surgery is expected to drive this demand in the future.
Global Cranial Fixation and Stabilization Devices Market Scope:
The fixation product section accounted for the major revenue share in 2021. It is expected that it will continue to hold its position until 2032. Its high incidence of skull fractures, head injuries, and dominance in this segment is what has made it so dominant. According to the CDC statistics, traumatic brain injuries (TBI) are the leading cause of death in the United States. TBI-related injuries account for 153 deaths each day in the United States. Due to the growing demand from neurosurgeons, the stabilization segment is expected to experience lucrative growth. This is used to stabilize the head during neurosurgeries. There are two types of skull clamps: the horseshoe headrest and the skull clamps.
The largest proportion of the global cranial stabilization market’s revenue was generated by hospitals based on end-use. Due to the high number of neurosurgery operations performed at these facilities, this segment will continue to be the largest market contributor up until 2032. The National Center of Biotechnology Information estimates that around 25 million people are hurt in road accidents each year. In the United States, around 300 people are killed in road accidents each year. This shows the future demand for hospital procedures. Hospital segments are declining due to high costs and long stays in outpatient departments.
Because they provide surgical operations at a considerably cheaper cost than hospitals, ambulatory surgical centers are predicted to expand. Numerous codes for spine surgery that can be carried out at ACS by neurosurgeons have been recognized by the Centers for Medicare & Medicaid Services. Over the projection period, this will assist in a movement in patient choice toward ambulatory care facilities.
Key Market Segments:
- Cranial Fixation Devices
- Cranial Stabilization Devices
- Ambulatory Surgical Centers
The market for cranial fixation devices and stabilization devices is expected to grow in the future due to rising road accident incidence and increasing demand for reconstructive surgery. The market is also being driven by increasing rates of head trauma, brain cancer, and aneurysms. Another factor driving the market growth is the increasing number of cases of spinal disorders and traumas that require cranial fixation during surgery. The market is expected to grow due to the increasing use of deep brain stimulation procedures. Cranial fixation or stabilization devices can be used to treat neuro-oncology and spinal disorders, as well as pelvic and trauma injuries, trans-nasal skull-based surgery, neurovascular diseases, and CSF management. New devices are emerging thanks to technological advances. These devices are set to change the face of the market. The growing potential for growth in emerging regions is due to the improvement of healthcare infrastructure. The lack of expertise will likely be a hindrance to the growth of the market.
North America accounted for around 50% of the market as of 2021. The market share is a result of the abundance of cranial surgery hospitals and surgical facilities, as well as the high demand for cutting-edge surgical equipment for neurosurgery. The high rate of brain tumors in this area and a large number of traffic accidents have an impact on its regional market share as well.
The demand for the Asia Pacific is anticipated to increase at a profitable pace due to the growing industrialization, which has caused a spike in traffic accidents over the projection period. Increased investments in enhancing healthcare infrastructure from global corporations, governments, and private organizations will boost the region’s industrial growth.
Key Regions and Countries covered in the report:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- South Africa
- Rest of MEA
There are many small and large companies that manufacture medical devices for cranial fixation and stabilization. The market for cranial stabilization and fixation devices is highly competitive. Major players such as Stryker, KLS Martin Group and B. Braun Melsungen AG dominate this market. Integra LifeSciences Corporation, Stryker, KLS Martin Group, and B. Braun Melsungen AG. Johnson & Johnson, Ostomed, and Medtronic are the other market participants that contribute significantly.
Market Key Players:
- Integra LifeSciences Corporation
- KLS Martin Group
- B. Braun Melsungen AG
- Johnson & Johnson
- DePuy Synthes Companies
- Other Key Players
For the Cranial Fixation and Stabilization Devices Market research study, the following years have been considered to estimate the market size:
Attribute Report Details
Short Term Projection Year
Long Term Projection Year
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
North America, Europe, Asia-Pacific, South America, Middle East & Africa
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)What is the size of the Cranial Fixation and Stabilization Devices market in 2021?
The Cranial Fixation and Stabilization Devices market size is US$ 1,448.1 million in 2021.What is the projected CAGR at which the Cranial Fixation and Stabilization Devices market is expected to grow at?
The Cranial Fixation and Stabilization Devices market is expected to grow at a CAGR of 5.5% (2023-2032).List the segments encompassed in this report on the Cranial Fixation and Stabilization Devices market?
Market.US has segmented the Cranial Fixation and Stabilization Devices Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product the market has been segmented into Fixation Devices and Stabilization Devices, By End Use the market has been segmented into Hospitals and Ambulatory Surgical Centers.List the key industry players of the Cranial Fixation and Stabilization Devices market?
Integra LifeSciences Corporation, Stryker, KLS Martin Group, B. Braun Melsungen AG, Medtronic, Johnson & Johnson, Osteomed, DePuy Synthes Companies, Other Key Players are the key vendors in the Cranial Fixation and Stabilization Devices marketWhich region is more appealing for vendors employed in the Cranial Fixation and Stabilization Devices market?
North America accounted for the highest revenue share of 50%. Therefore, the Cranial Fixation and Stabilization Devices industry in North America is expected to garner significant business opportunities over the forecast period.Name the key areas of business for the Cranial Fixation and Stabilization Devices Market.
China, Japan, India, UK, The US, etc., are leading key areas of operation for Cranial Fixation and Stabilization Devices Market.Which segment accounts for the greatest market share in the Cranial Fixation and Stabilization Devices industry?
With respect to the Cranial Fixation and Stabilization Devices industry, vendors can expect to leverage greater prospective business opportunities through the fixation devices product segment, as this area of interest accounts for the largest market share.
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