According to Vision Research Reports, the global cranial implants market size is projected to surpass USD 1.7 billion by 2027 and expected to spectator a CAGR of 6.8% during the forthcoming years 2020 to 2027.
The report suggests that an increase in the geriatric population and rise in number of brain cancer and trauma cases are expected to propel the cranial implants market in the near future (2020 to 2027). North America is expected to dominate the global market, owing to an increase in the geriatric population, rise in the patient population, and rise in technological advances. The market in Asia Pacific is expected to expand at a CAGR of 7.8% during the forecast period, due to an increase in the geriatric population, rise in awareness, and increase in patient population in the region. Moreover, research and development activities and initiatives by governments in the health care sector are anticipated to further boost the market in Asia Pacific.
Increment in innovative progressions, for example, 3-D printing, implant computer-aided design, and regenerative drug has brought about the approach of 3-D-print patient-specific implants that can be produced using an assortment of materials, including ceramic, polymer, or metal. They are increasingly powerful and precise for treatment and help specialists make expanded progress rates. Additionally, factors, for example, an increase in the geriatric populace, increment in need for customized cranial implants, and increase in the quantity of wounds and road accidents are boosting the development of the cranial implants market. Besides, an expansion in innovative work exercises and studies and rise in mindfulness are likewise foreseen to help the cranial implants market.
Value-added Features in Cranial Implants to Fuel the Global Market
The global cranial implants market is expected to be driven by value-added features offered by various cranial implants in order to provide effective and efficient implantation and restoration. Cranial implants are designed to ensure increased success rates of treatments and fewer complications. Cranial implants are used to repair cranial defects occurring due to injury, infection, hemorrhagic diseases, and tumor invasion. Cranial implantation takes place through cranioplasty, which is a surgical intervention or procedure.
A cranial bone defect can occur after injury, infection, and tumor invasion or when an autogenous bone is unsuited for replacement after a decompressive craniectomy due to brain infarction or hemorrhage. Earlier, different types of materials were used for cranioplasty. With technological advancements, new materials and technological interventions are available, providing specificity for the patient population according to the treatment and surgeon. Due to advancements in technology, cranial implants can be designed according to skull defects and locations with further specifications included, thereby making treatments more effective and convenient for neurosurgeons. These attributes help medical professionals successfully provide treatments to patients with increased success rates and comparatively less time requirements for the treatment process. Key players operating the global cranial implants market are developing patient-specific and technological advanced products with value-added features. Market players are attaining government approvals and launching new and advanced products. The products offer efficacy, swiftness, and fewer complications. Key players are also actively participating in acquisitions and mergers, thereby enhancing their product line. Companies are also strengthening their research and developmental capabilities and are emphasizing on technological advancements, thereby offering value-added features in cranial implants.
Customized Cranial Implants Projected to be Highly Lucrative Type
Cranial defects have traditionally been repaired with metal plates or bone cement and were sometimes enforced with stainless steel grids. The demerit of the conventional method is that a perfect fit and curvature can be difficult to attain in large reconstructions, specifically when the defect involves the craniofacial junction . Customized cranial implants provides ease of implantation process, better functionality, reduced risk of complications and infections, and significantly reducing operator time, These implants are also available in different composite materials and can be generated through technologically advanced methods such as computer aided design and 3-D printing. These customized cranial implants reconstruct the cranium perfectly by fitting exactly in the defect and provide a perfect reconstruction. Oxford Performance Materials (OPM) is a recognized leader in 3-D printing and high-performance additive manufacturing (HPAM). In February 2013, it received first the FDA clearance for its OsteoFab Patient-Specific Cranial Device, followed by its OsteoFab Patient-Specific Facial Device in July 2014.
Metal and Polymer Lead the Cranial Implants Market
Based on product, the global cranial implants market has been segmented into polymer, ceramic, and metal. The metal and polymer segments are likely to lead the market during the forecast period. The most common material still in use is grade 5 surgical titanium (i.e., Ti-6Al-4V or Ti-6-4), which is part of the metal segment. The material is corrosion-resistant. In the polymer segment, polymethyl methacrylate (PMMA) is perhaps the most frequently used cranial bone graft substitute. PMMA offers the merits of a protective, defect-filling replacement that lacks post-operative inflammation. Several other polymers have been investigated for large format cranial implants: PEEK (poly-ether-ether ketone), Polypropylene Polyester Knitwear, and PEKK (Poly-ether-ketone ketone). Polymer segment materials have been used for the prefabrication of cranial implants and are more similar in their material properties to the surrounding bone, especially in regard to elastic modulus. They are, therefore, considered osteoconductive. Ceramic is malleable and extremely brittle and is used to fill minor gaps in the skull and not major defects. Moreover, ceramic implants are more expensive than PMMA- or Ti-implants prepared in the same manner. Therefore, metal and polymer are dominant segments of the global market.
Hospitals Segment Estimated to Expand at a Higher CAGR during the Forecast Period
In terms of end-user, the hospitals segment held a leading share of the global cranial implants market in 2017. It is anticipated to gain market share by the end of 2026. The segment is expected to expand at a CAGR of 6.9% during the forecast period. Increase in the number of road accidents, trauma cases, injuries, and brain tumors and increase in the establishment of neurosurgery departments are boosting the hospitals segment of the global cranial implants market. Furthermore, a rise in the number of hospitals, increase in neurosurgery volume, and rise in the number of medical professionals and related care have contributed to the prominent share of the segment in the global market.
North America Dominates the Cranial Implants Market and Asia Pacific offers Significant Opportunity
North America held a key share of the global cranial implants market. The market in the region is likely to expand rapidly in the near future. Availability of technologically advanced cranial implants, increase in awareness among the population, rapid rise in the geriatric population, extensive research and development to provide more efficient and advanced products, increase in number of players, rise in number of medical professionals, and increase in the adoption of advance products by the patient population are the key factors propelling the cranial implants market in North America. The market in Asia Pacific is expected to expand at a rapid pace during the forecast period. Rise in population, increase in research and development, extensive government initiatives in the health care sector, increase in the number of people suffering from cranial abnormalities, and rise in investments by global key players in Asia pacific are major factors driving the cranial implants market in Asia Pacific.
The report analyzes and forecasts the cranial implants market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2020 to 2027. 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 comprises a detailed value chain analysis, which provides a comprehensive view of the global cranial implants market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the cranial implants market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of cranial implants market for the base year 2018 and the forecast between 2019 and 2026. 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.
Key companies catering to the global cranial implants market are Medtronic, Zimmer Biomet, Ortho Baltic, Stryker, Xilloc Medical B.V., Kelyniam Global Inc, KLS Martin Group, Medartis, DePuySynthes, and B. Braun Melsungen AG.
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Market By Material
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Reasons to Purchase this Report:
- Estimates 2019-2026 cranial implants market development trends with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 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
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: