Cranial Fixation and Stabilization Devices Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

The global Cranial Fixation and Stabilization Devices market size is expected to be worth around US$ 5.6 billion by 2030, according to a new report by Vision Research Reports.

The global Cranial Fixation and Stabilization Devices market size was valued at US$ 3.69 billion in 2020 and is anticipated to grow at a CAGR of 7.6% during forecast period 2021 to 2030.

Growth Factors

Increasing prevalence of neurological disorders and road accidents is expected to drive the demand for cranial surgeries and thereby, fixation & stabilization devices over the forecast period.

Growing demand for minimally invasive surgery due to their associated advantages is another factor propelling the industry. For instance, cranial fixation performed by using mini titanium plates & screws is a simple, safe, and cost-effective solution for immediate stability and repositioning than traditional sutures. In addition, increasing awareness among neurosurgeons is expected to fuel the adoption. There is a significant increase in the adoption of cranial fixation pins by neurosurgeons in patients with age below 5 years over the past few years.

Report Highlights

The fixation product segment accounted for the largest revenue share in 2020. The segment is estimated to retain its position until 2025. Rising adoption of cranial fixation systems due to the high incidence of head injuries and skull fractures is the key factor contributing to the dominance of the segment. Statistics published by CDC indicate that traumatic brain injury (TBI) is one of the major causes of deaths in the U.S. In the country, every day 153 people die from injuries that include TBI.

On the other hand, the stabilization segment is anticipated to witness lucrative growth in the coming years due to the growing demand from neurosurgeons. It offers stability to the head while performing neurosurgeries. There are two types of stabilization instruments, skull clamps, and horseshoe headrest.

Based on end use, hospitals were the leading revenue contributor in the global cranial fixation and stabilization market. The segment will continue to lead the market until 2025, owing to a large number of neurosurgery performed in these facilities. Statistics published by the National Center of Biotechnology Information, around 23 to 24 million people in the world get injured due to road accidents every year, and around 200 people dies in road accidents in the U.S. alone.

This showcases the high demand for surgical procedures in hospitals in the coming years. However, the high treatment cost and maximum hospital stay in the outpatient department are some of the factors responsible for declining the share of hospital segments over the forecast period.

Ambulatory surgical centers (ACS) are expected to witness significant growth in the coming years as they offer surgical procedures at a lower cost as compared to hospitals. In addition, in 2015 the Centers for Medicare and Medicaid Services (CMS) approved various spine surgery codes that neurosurgeons can perform at ACS, this will be contributing further towards the changing patient’s preference towards ambulatory care units over the forecast period.

North America accounted for approximately 55.0% of the market share as of 2020. This is due to the presence of large number of surgical centers and hospitals for cranial surgeries and the demand for technologically advanced surgical devices for neurosurgery. Moreover, rising incidence of brain cancer and high incidence of road accidents in this region are some other factors attributing to its regional market share.

The demand in Asia Pacific region is expected to increase at a lucrative rate due to increasing industrialization that resulted into the incidence of road accidents over the forecast period. Increasing investments by multinational players, government, and other private organizations for developing improved healthcare infrastructure in this region is expected to contribute towards the industry growth in the Asia Pacific region.

Key Players

Integra LifeSciences Corporation, Stryker, KLS Martin Group, and B. Braun Melsungen AG. The other market participant contributing significantly are Ostomed, Medtronic, and Johnson & Johnson.

Market Segmentation

  • Product Outlook 

    • Cranial Fixation Devices

    • Cranial Stabilization Devices

  • End-use Outlook 

    • Hospitals

    • Ambulatory Surgical Centers

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa

      • South Africa

The Cranial Fixation and Stabilization Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Cranial Fixation and Stabilization Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Cranial Fixation and Stabilization Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cranial Fixation and Stabilization Devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cranial Fixation and Stabilization Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Cranial Fixation and Stabilization Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Cranial Fixation and Stabilization Devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cranial Fixation and Stabilization Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cranial Fixation and Stabilization Devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cranial Fixation and Stabilization Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Cranial Fixation and Stabilization Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Cranial Fixation and Stabilization Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cranial Fixation and Stabilization Devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cranial Fixation and Stabilization Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cranial Fixation and Stabilization Devices market. These factors have benefited the growth of the global market for Cranial Fixation and Stabilization Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cranial Fixation and Stabilization Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Cranial Fixation and Stabilization Devices are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

Report Detail

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