Cranial Stabilization Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3569
Cranial Stabilization Devices Market size is projected to experience significant growth from 2019 to 2025.
Cranial stabilization devices market is expected to significantly expand owing to increasing cases of road accidents coupled with rising incidence of brain disorders. Increase in prevalence of head traumas, aneurysms, head injuries, tumors and various cancer forms will augment the demand for cranial stabilization devices. Physiological factors such as detection of foreign bodies in brain, cranial surgeries for treatment of brain disorders, congenital disabilities, hydrocephalous and brain aneurysm will further drive cranial stabilization device industry growth. Increase in such complexities lead to neurosurgeries, thus stimulating the cranial stabilization devices market growth during the forecast timeframe.
Technological advancements will spur cranial stabilization devices market growth. Patient preference for safer treatments and branded products to achieve improved outcome is growing. Thus, firms are investing in R&D in the neurosurgery field to enhance patient safety and precision of treatment of brain disorders. Hence, novel devices and equipments are continuously being evolved. Developments in the neuroscientific technologies across the globe will thus boost the cranial stabilization devices market revenue in forthcoming period.
Expanding healthcare spending, especially in emerging countries will impel cranial stabilization devices market growth. The population in developing nations is progressively spending for better treatments owing to growing awareness level as well as higher disposable income. Also, funding in research and development by the government is rising for reducing the national disease burden and improving public health. Aforementioned factors should stimulate significant business growth in upcoming years.
However, increasing complexities during surgical procedures and insufficient reimbursements are some of factors that will restrain cranial stabilization devices market growth.
Brain retractor system segment is estimated to generate significant revenue size in the forthcoming years due to features such as better handling system and enhanced stability during surgical procedures. Improved benefits in comparison with the other systems will offer high segmental growth. Moreover, lesser injuries during surgeries and high-quality visualization of tissues during neurosurgeries will impel segmental growth over the projected timeframe.
Hospitals segment is estimated to foresee lucrative growth as a result of increasing number of neurosurgeries in hospitals. Escalating number of tumors and cancer will lead to increase in demand for cranial stabilization devices. In addition, accelerating number of hospital admissions for treatment of neurological disorders with advanced neurosurgery devices will favor hospitals segmental growth in the upcoming years.
The U.S. cranial stabilization devices market will show momentous growth owing to higher adoption of technologically advanced products across the country. Increasing incidence of cancer will act as high impacting factor for the market growth. Additionally, favorable healthcare infrastructure will favor increase in cranial stabilization devices, thereby augmenting U.S. cranial stabilization devices industry growth.
The major players involved in the cranial stabilization devices market are Micromar, Pro Med Instruments, Integra LifeSciences, Medtronic and DePuy Synthes among the other market players. These companies are adopting partnerships and strategic alliances to gain profitability in cranial stabilization devices industry. For instance, in October 2017, Integra LifeSciences acquired Codman Neurosurgery business from Johnson & Johnson, strengthening its neurosurgery business growth.
Cranial Stabilization Devices Market by Product, 2014-2025 (USD Million)
- Horseshoe Headrests
- Skull Clamp System
- Brain Retractor System
Cranial Stabilization Devices Market by End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Center
- Specialized Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- B. Braun Mesulgen AG
- Changzhou Huida Medical Equipment
- DePuy Synthes
- Integra LifeSciences Holdings Corporation
- Jintan Huida Medical Instrument Co. Ltd.
- Pro med instruments
- ZheJiang Apeloa JiaYuan Pharmaceutical
- Zimmer Biomet
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