Cranial Fixation and Stabilization Market Anticipated to Grow During the Forecast Period (2019-2025)

Cranial Fixation and Stabilization Market Overview:

The Global Cranial Fixation and Stabilization Market is expected to reach USD 2.29 Billion by 2025, registering a CAGR of 8.90%.

This market growth can be attributed to the growing healthcare market and the ever-expanding technology market. Advances in these fields have created an environment that is conducive to the development of specialized surgical procedures for traditionally high-risk surgeries.

According to the UN, globally, one in six individuals suffers from a neurological disorder. There are several invasive surgeries that being developed to treat such conditions, requiring cranial fixation and stabilization equipment.

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In November 2019, researchers published a review of the bedside optic nerve ultrasonography in www.annals.org to claim that the device can help diagnose a surge in the intercranial pressure. This can assist physicians in developing quick treatment methods.

Cranial Fixation and Stabilization Market Segmentation:

The global report on the cranial fixation and stabilization market can be studied on the basis of a segmentation included in the latest report by MRFR. These segments are category, product, type, and end user.

By category, the report on the cranial fixation and stabilization market contains cranial fixation and cranial stabilization. The cranial fixation segment has a larger market share. Cranial stabilization equipment is used to secure the head during surgery, while cranial fixation implements are tools required to maintain the structural stability of the head and neck.

By product, the cranial fixation and stabilization market can be segmented into meshes, skull clamps, flat tube clamps, horseshoe headrests, plates, screws, and accessories. The meshes is the leading market segment as 48% of all cranial injuries are maxillofacial. Over 52% of road accident-related injuries are mandibular fractures that require meshes.

By type, the report on the cranial fixation and stabilization market includes resorbable and non-resorbable. The non-resorbable segment is less expensive and holds the larger part of the market, as it is used extensively in developing countries due to their low costs.

By end user, the cranial fixation and stabilization market report includes hospitals, ambulatory surgical centers, and others. The hospital segment would get ample traction from the market, as most cranial surgeries are performed in hospitals.

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Cranial Fixation and Stabilization Market Regional Analysis:

The global market on the cranial fixation and stabilization would depend much on the contributions made by the Americas. The Americas is the leading region with North America covering almost 55% of the global market. This is primarily due to the advanced healthcare sector, better reimbursement schemes, swift inclusion of advanced technologies, and the high concentration of the major companies in the region.

In the Asia Pacific region, the market would be growing with the fastest speed as various market players are showing interest in exploring the regional population and infrastructural developments. In emerging countries, investments from both private and government sectors are coming in sufficiently to back up the growing demand.

Europe is the second-largest market and the region’s developed countries are showing full utilization of advantageous features like North America.

Cranial Fixation and Stabilization Market Competitive Landscape:

The global cranial fixation and stabilization market is depending on the latest market strategies initiated by various companies like Ostomed (UK), Johnson & Johnson (US), Stryker (US), Medtronic (US), KLS Martin Group (Germany), Braun Melsungen AG (Germany), Changzhou Huida (China), Integra Lifesciences Corporation (US), Evonos (Germany), DePuy Synthes (US), Medicon (Germany), Micromar (Brazil), Jeil Medical (South Korea), Pro Med Instruments (Germany), NEOS Surgery (Spain), and Zimmer Biomet (US). These companies are known for contributions in devising plans for mergers, acquisitions, various collaborations, the launching of new products, continuous investment in various research and development projects. Their inclusion in the report would give scope to understand how the market is charting its future scopes.

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