Global Cranial Fixation And Stabilization Devices Market Forecast 2024-2033: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The cranial fixation and stabilization devices market has grown significantly in recent years, moving from $2.06 billion in 2023 to $2.20 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The market’s historic growth has been driven by an increasing number of road accidents, a rising number of neurosurgeons and specialized hospitals, a growing prevalence of cranial deformities, and a higher incidence of sports-related and military injuries. Looking forward, the market is expected to expand to $2.9 billion in 2028, with a CAGR of 7.2%. Factors contributing to this forecasted growth include the increasing prevalence of traumatic brain injuries, rising neurological disease cases, an aging population, growing healthcare expenditure, and increased awareness of brain health. Major trends over the forecast period include advancements in neurosurgical techniques, the adoption of minimally invasive surgeries, technological developments in cranial fixation devices, rising demand for customized cranial implants, and continued investment in research and development.
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.
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What Are The Key Trends That Influence Cranial Fixation And Stabilization Devices Market Share Analysis?
Major companies in the cranial fixation and stabilization device market are working on developing innovative products like 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, designed to repair or reconstruct cranial defects or injuries. For instance, in April 2024, 3D Systems, a US-based manufacturer of 3D printers and printing materials, announced the FDA approval for the VSP PEEK Cranial Implant. This implant is the first FDA-cleared additively manufactured PEEK implant for cranioplasty procedures, uniquely designed to restore skull defects. The 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 clearer evaluation of the surgical site and implant integrity.
Which Market Players Are Driving Growth In The Cranial Fixation And Stabilization Devices Market?
Major companies operating in the cranial fixation and stabilization devices 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
How Is The Global Cranial Fixation And Stabilization Devices Market Segmented?
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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The Cranial Fixation And Stabilization Devices Global Market Report 2024 provides an overview of the cranial fixation and stabilization devicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cranial fixation and stabilization devices market forecast analyzes cranial fixation and stabilization devices market size, cranial fixation and stabilization devices market share, leading competitor and their market positions.
The Table Of Content For The Cranial Fixation And Stabilization Devices Market Include
1. Cranial Fixation And Stabilization Devices Market Executive Summary
2. Cranial Fixation And Stabilization Devices Market Segments
3. Cranial Fixation And Stabilization Devices Market Size And Template Market Growth Rate
4. Key Cranial Fixation And Stabilization Devices Market Trends
5. Major Cranial Fixation And Stabilization Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Cranial Fixation And Stabilization Devices Market
26. Top Cranial Fixation And Stabilization Devices Companies
27. Cranial Fixation And Stabilization Devices Market Opportunities And Strategies
28. Cranial Fixation And Stabilization Devices Market, Conclusions And Recommendations
29. Appendix
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