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Cranial Fixation and Stabilization Market 2021 Industry Research, Business Growth, Future Investment and Emerging Trend to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Cranial Fixation and Stabilization Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.  

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cranial Fixation and Stabilization Market products.  

The Cranial Fixation and Stabilization Market is thriving on account of the rising awareness amongst individuals for the benefits of maintaining a good health and the increasing need for high quality healthcare services amongst individuals. With the increasing prevalence of diseases worldwide, people are opting for products that help them to stay fit and are also investing more on healthcare services. Alternatively, pharmaceutical manufacturers, along with other healthcare companies that manufactures devices and equipment, are increasingly focusing on the research and development of advanced treatment, drugs and equipment for the diagnosis and treatment of the diseases and for developing healthcare products. Organizations are raising their R&D expenses year-on-year so as to deliver quality healthcare products in the years to come. The advancements in the healthcare sector are also supported by the governments of nations worldwide with numerous financial aids. According to a statistical report titled “Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.

Market Synopsis

The Global Cranial Fixation and Stabilization Market is expected to reach USD 2.29 billion by 2025 at a steady CAGR of 8.90%.Cranial fixation and stabilization is required during all surgeries and procedures involving the head. With new medical procedures increasingly relying on finesse and minimal invasion, the stability of the head is critical.According to the WHO, over 6.8 million people die of neurological conditions each year. Consequently, the need for a deeper understanding of neurological conditions and the development of innovative surgical procedures are expected to drive the demand for cranial fixation and stabilization equipment.

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The increasing use of biocompatible materials and synergetic technological growth along with medical advances are key to the development of the market, which is projected to expand in tandem with the progress of medical science and equipment.

Market USP

Critical need for the most advanced technologies and equipment when operating on the head and neck

Market Drivers

Increased global spending on healthcare

Large-scale technological advancements in healthcare equipment

Development of new and specialized surgical procedures to treat various neurological and head/neck trauma cases

Standardization of healthcare practices and procedures globally

Critical need for head/neck stabilization during surgery

Symbiotic growth of the healthcare and technology industries

Emphasis on reducing patient mortality

Increase in prevalence of neurological conditions such as epilepsy, stroke, neuroinfections, and traumatic injuries

Surge in the number of road accidents

Market Restraints

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Stringent regulations regarding classification of cranial fixation and stabilization equipment as class II and class III medical devices

Different regulatory standards across the globe affecting imports and exports

Segmentation

By Category

Cranial Fixation Systems: Used for fastening bones after fractures, fastening skin to heal trauma, and for increasing cranial integrity post-surgery. Required for trauma cases, which make up the majority of brain surgeries, resulting in the segment accounting for the larger market share.Cranial Stabilization Systems: Used to stabilize the head during invasive procedures. Required for intensive and delicate brain surgery procedures.

By Product

Meshes: Used for reconstructive procedures where part of the skull has been damaged.

Skull Clamps: Used to hold the head firmly in place for surgery.Flap Tube Clamps: Used to attach cranial bones to the cranium in a singular motion.Horseshoe Headrests: Used to stabilize the head by supporting the neck so head movement is still possible.Plates: Used to replace skull parts that are too damaged to be repaired.Screws: Used to attach fractured/broken cranial bones.

Accessories: Used to aid in the stabilization of the head by complementing other cranial stabilization systems.

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By Type

Resorbable: These cranial fixation systems are eventually broken down and absorbed by the body. Resorbable equipment is more expensive but the segment accounts for a smaller market share.

Non-Resorbable: Cranial fixation systems that are either permanently attached to the patient’s cranium or require follow-up surgery for removal. Used extensively in developing countries due to their lower costs.

By End User

Hospitals: Cranial stabilization systems are almost entirely used by hospitals, while the majority of the cranial fixation systems also find application in this segment.

Ambulatory Surgical Centers: These establishments mostly deal with trauma cases and injuries that require immediate attention. However, these centers command disproportionate revenues due to the nature of their services.

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Others: This segment covers on-site trauma and emergency surgeries.

By Region

Americas

Asia-Pacific

Europe

Middle East & Africa

Regional Analysis

Americas: With a massive 55% of the market share concentrated in North America alone, the market in the Americas is currently leading the global cranial fixation and stabilization market.

Asia-Pacific: This is the fastest-growing regional market due to the aggressive economic growth in the region, the increased spending on healthcare, and presence of a large patient pool of neurological disorders and head traumas requiring surgery.

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Europe: Currently the second-largest, the European market is expected to register steady growth. Healthcare implementation in Europe occurs at the behest of the governments and not companies, making this a secure and stable market. However, the manufacture of medical equipment is privatized and, therefore, subject to stringent regulations. To fast track the regulatory process, the EU has created a single body for all member countries, thereby directly benefiting medium- and small-scale manufacturers.

Middle East & Africa: With limited medical infrastructure the regional market currently accounts for the least share of the global market. However, a young population, industrialization and urbanization, and increasing awareness of new medical procedures are expected to result in the eventual growth of the market.

Competitive Analysis

Key Players

Johnson & Johnson (US)

Stryker (US)

Ostomed (UK)

KLS Martin Group (Germany)

Medtronic (US)

Integra LifeSciences Corporation (US)

Braun Melsungen AG (Germany)

Changzhou Huida (China)

DePuy Synthes (US)

Evonos (Germany)

Jeil Medical (South Korea)

Medicon (Germany)

Micromar (Brazil)

NEOS Surgery (Spain)

Pro Med Instruments (Germany)

Zimmer Biomet (US)

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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