PUBLISHER: The Business Research Company | PRODUCT CODE: 1574686
PUBLISHER: The Business Research Company | PRODUCT CODE: 1574686
Cranial fixation and stabilization devices are medical instruments designed to secure and stabilize the skull or cranial structures, particularly during surgical procedures or for managing cranial injuries. These devices help maintain the stability and alignment of cranial structures, especially in cases of severe trauma or delicate procedures.
The primary types of cranial fixation and stabilization devices are cranial fixation devices and cranial stabilization devices. Resorbable fixation systems are made from materials that gradually break down and are absorbed by the body over time, while nonresorbable systems remain in place permanently. These devices are used by various end users, including hospitals and ambulatory surgical centers.
The cranial fixation and stabilization devices market research report is one of a series of new reports from The Business Research Company that provides cranial fixation and stabilization devices market statistics, including cranial fixation and stabilization devices industry global market size, regional shares, competitors with a cranial fixation and stabilization devices market share, detailed cranial fixation and stabilization devices market segments, market trends and opportunities, and any further data you may need to thrive in the cranial fixation and stabilization devices industry. This cranial fixation and stabilization devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cranial fixation and stabilization devices market size has grown strongly in recent years. It will grow from $2.06 billion in 2023 to $2.20 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth during the historic period can be attributed to the increasing number of road accidents, a rising number of neurosurgeons and specialized hospitals, a higher prevalence of cranial deformities, a growing incidence of sports-related injuries, and an increasing number of military injuries.
The cranial fixation and stabilization devices market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the increasing prevalence of traumatic brain injuries, a rising incidence of neurological diseases, a growing aging population, increasing healthcare expenditure, and heightened awareness about brain health. Major trends expected during this period include advancements in neurosurgical techniques, the adoption of minimally invasive surgeries, technological innovations in cranial fixation devices, a demand for customized cranial implants, and increased investment in research and development.
The growing prevalence of neurological diseases is projected to drive the expansion of the cranial fixation and stabilization device market. Neurological diseases affect the nervous system, including the brain, spinal cord, and peripheral nerves, and can lead to symptoms such as cognitive decline, motor dysfunction, and sensory disturbances. The increase in these diseases is due to factors such as an aging population, longer life expectancy, and improved awareness and diagnostic capabilities. Cranial fixation and stabilization devices are essential for neurological procedures as they securely immobilize the head and ensure accurate, stable positioning during surgeries or treatments involving the brain and skull. For example, a report from the National Institutes of Health (NIH) in March 2021 estimated that 6.2 million Americans aged 65 and older were living with Alzheimer's dementia in 2021, with projections indicating this number could rise to 13.8 million by 2060 without significant medical advancements. Thus, the rising prevalence of neurological diseases is fueling the growth of the cranial fixation and stabilization device market.
Leading companies in the cranial fixation and stabilization device market are innovating with products such as 3D-printed cranial implants, which offer advanced features for personalized care. A 3D-printed cranial implant is a custom medical device made using additive manufacturing technology to repair or reconstruct cranial defects or injuries. For example, in April 2024, 3D Systems, a US-based company specializing in 3D printing, announced that the FDA had approved its VSP PEEK Cranial Implant. This implant, the first FDA-cleared additively manufactured PEEK implant for cranioplasty, is designed to address skull defects. Made from a high-performance polymer known for its mechanical properties similar to human bone, PEEK offers excellent biocompatibility, resistance to bodily fluids, and stability across a broad temperature range. Additionally, PEEK's radiolucency ensures minimal interference with imaging, facilitating clearer assessments of the surgical site and implant.
In June 2022, Lojer Oy, a medical technology company based in Finland, acquired Merivaara Oy for an undisclosed sum. This acquisition is expected to boost Lojer's international presence and open new export markets in countries such as England, Germany, and the USA. The goal is to enhance Lojer's appeal as a partner for hospitals and distributors of health technology products. Merivaara Oy is a Finnish company specializing in cranial fixation products.
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
North America was the largest region in the cranial fixation and stabilization devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cranial fixation and stabilization devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cranial fixation and stabilization devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cranial fixation and stabilizing devices market consists of cranial plates, cranial screws, head clamps, cranial braces and orbital and mandibular plates. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cranial Fixation And Stabilization Devices Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cranial fixation and stabilization devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cranial fixation and stabilization devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cranial fixation and stabilization devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.