Global Cranial Implants Market Analysis: 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 2023 and forecasted to 2032
The global cranial implants market is expected to grow from $1 billion in 2022 to $1.1 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The cranial implants market size is expected to grow to $1.45 billion in 2027 at a CAGR of 7.1%.
North America held the largest cranial implants market share, and Asia-Pacific was the fastest-growing region in 2022.
Cranial Implants Market Driver
The increased prevalence of neurological illnesses and traffic accidents is likely to boost the cranial implants market during the forecast period. Parkinson’s disease is the second most common age-related neurological ailment after Alzheimer’s disease, according to Parkinson’s disease statistics. A cranial implant will allow doctors to view inside the brain without having to drill a new hole in the skull each time, making the treatment of neurological disorders easier. According to the Parkinson’s Foundation, roughly one million people in the United States will have Parkinson’s disease (PD) by 2020. According to the World Health Organisation, vehicle accidents kill roughly 1.35 million people each year. Accidents result in skull fractures, brain damage, and other disorders. As a result, the increased prevalence of neurological illnesses and traffic accidents is propelling the cranial implants market forward.
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Prominent Cranial Implants Market Trend
3D printing is a new technology in the market for cranial implants. The process of creating three-dimensional solid items from digital data is known as 3D printing. Graz University of Technology (TU Graz) and the Medical University of Graz in Austria, for example, launched a free automated design programme to build 3D printable cranial implants in 2020. Deep learning methods are used by the programme to automatically restore a missing piece of a skull. By subtracting the defective skull from the performed one, an STL file for a patient-specific implant can be generated immediately. This method allows implants to be 3D printed on-site, significantly reducing the real lead time.
Cranial Implants Market Prominent Players
Major players in the cranial implants market are B. Braun Melsungen AG, DePuy Synthes (Johnson and Johnson), Stryker Corporation, Zimmer Biomet, Kelyiniam Global Inc., Medartis AG, Osteomed, KLS Martin Group, Renishaw PLC., Xilloc Medical B.V., Medtronic, Ortho Baltic, Evonos, and Synimed.
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Key Cranial Implants Market Segments
The global cranial implants market is segmented –
1) By Type: Customized Cranial Implants, Non-customized Cranial Implants
2) By Material: Polymer, Ceramic, Metal
3) By End User: Hospital and Trauma Centers, Ambulatory Surgical Centers, Speciality Clinics, Other End-Users
The Cranial Implants Global Market Report 2023 provides a comprehensive overview on the cranial implants market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cranial implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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