In 2017, the global market for cranial fixation devices was worth USD 1.69 billion. The market is expected to grow at a 5.6% CAGR over the forecast period. The rising demand for minimally invasive brain surgery is expected to drive this demand in the future.
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. The Brain Aneurysm Foundation published statistics in 2017 that showed that 6 million Americans have a brain aneurysm. This number is expected to rise over the forecast.
Another factor driving 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, neurovascular diseases, trans-nasal skull-based surgery 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.
In 2017, the fixation product segment was responsible for the highest revenue share. It is expected to maintain its position through 2025. The segment's dominance is due to its high prevalence of skull fractures and head injuries. According to statistics from the CDC, traumatic brain injury (TBI), is the leading cause of death in the United States. TBI-related injuries are responsible for 153 deaths per day in the United States.
The stabilization segment, on the other hand is expected to see lucrative growth due to growing demand from neurosurgeons. This stabilizes the head during neurosurgeries. There are two types: skull clamps and horseshoe headrest.
Hospitals accounted for the largest share of the global cranial stabilization and fixation market's revenue based on end use. This segment will remain the largest market contributor until 2025 due to the large number of neurosurgery procedures performed at these facilities. According to statistics from the National Center of Biotechnology Information around 23 to 24 millions people are injured in road accidents each year. Around 200 people are killed in accidents on the roads in the United States alone.
This demonstrates the demand for hospital procedures in the future. The decline in hospital segments is due to the high cost of treatment and the maximum length of stay in outpatient departments.
Because they provide surgical procedures at a lower price than hospitals, ambulatory surgical centers (ACS), are expected to see significant growth over the next few years. The Centers for Medicare & Medicaid Services (CMS), in 2015, approved several spine surgery codes that neurosurgeons could perform at ACS. This will contribute to the shift in patient preference for ambulatory care units during the forecast period.
As of 2017, North America held approximately 55.0% market share. The market share is due to the large number of hospitals and surgical centers for cranial surgery and the high demand for advanced surgical equipment for neurosurgery. Its regional market share is also affected by the high incidence of brain cancer in this region and the high number of road accidents.
Due to the increasing industrialization, which has resulted in an increase in road accidents during the forecast period, the demand for Asia Pacific is expected to rise at a profitable rate. The region's industry growth will be supported by increased investments from multinational companies, governments, and private organizations in improving healthcare infrastructure.
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.
To increase their revenue share, companies are focusing on strategies like regional expansion, product development, partnership agreements and distribution agreements. Stryker, for example, completed in April 2016 the acquisition of Synergetics USA, Inc.’s neuro portfolio to increase its market share.
This report provides a forecast of revenue growth at the global, regional and country level and analyzes the industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global market for cranial fixation & stabilization devices on the basis product, region, and end-use.
Product Outlook (Revenue USD Million; 2014-2025)
Cranial Fixation Devices
Cranial Stabilization Devices
End-use Outlook (Revenue USD Million; 2014-2025)
Hospitals
Ambulatory Surgical Centers
Regional Outlook (Revenue USD Million; 2014-2025)
North America
The U.S.
Canada
Europe
The U.K.
Germany
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East and Africa
South Africa
b. Global cranial fixation devices market was valued at USD 1.8billion in 2019, and is forecast to grow to USD 1.9billion in 2020.
What is the market growth rate for cranial fixation devices and stabilization devices?b. Global cranial fixation devices market will grow at a compound annual rate of 5.6% between 2018 and 2025, to reach USD 2.25 billion by 2025.
Which market segment had the largest cranial stabilization and fixation devices market share?b. With a 52.7% share in 2019, North America was the dominant market for cranial fixation devices. This can be attributed to the large number of hospitals and surgical centers for cranial surgery and the demand for highly technologically advanced surgical tools for neurosurgery.
What are the major players in the cranial stabilization and fixation market?b. Integra LifeSciences Corporation and Stryker are some of the major players in the cranial fixation/stabilization device market. KLS Martin Group and B. Braun Melsungen AG are also key players.
What are the driving factors for the market for cranial fixation/stabilization devices?b. Market growth is driven by rising demand for minimally invasive surgery, an increase in sports injuries and facial fractures, as well as technological advances for the cranial fixation system.
Up Market Research published a new report titled “Cranial Fixation and Stabilization Devices Market research report which is segmented by Product (Fixation Devices, Stabilization Devices), by End Use (ASCs, Hospitals), By Players/Companies B Braun Melsungen AG, KLS Martin Group, Integra LifeSciences Corporation, Stryker”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Cranial Fixation and Stabilization Devices Market Research Report |
By Product | Fixation Devices, Stabilization Devices |
By End Use | ASCs, Hospitals |
By Companies | B Braun Melsungen AG, KLS Martin Group, Integra LifeSciences Corporation, Stryker |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 217 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Fixation Devices, Stabilization Devices), by End Use (ASCs, Hospitals).
Cranial Fixation and Stabilization Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cranial Fixation and Stabilization Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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