Global Cranial Fixation And Stabilization Devices Market Drivers 2024, Forecast To 2033
8 Oct, 2024
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.
Global Cranial Fixation And Stabilization Devices Market Key Driver
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.
Get A Free Sample Of The Cranial Fixation And Stabilization Devices Market ReportGlobal Cranial Fixation And Stabilization Devices Market Segments
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
By Geography:The regions 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.
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.
Major Cranial Fixation And Stabilization Devices Industry Players
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
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Cranial Fixation And Stabilization Devices Market Overview
Cranial fixation and stabilizing devices are medical instruments used 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 the skull or cranial structures, especially in cases of severe trauma or during delicate procedures.
Cranial Fixation And Stabilization Devices Global Market Report 2023 provides data on the global cranial fixation and stabilization devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cranial fixation and stabilization devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.