Global Cranial Fixation and Stabilization Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Cranial Fixation and Stabilization Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cranial fixation and stabilization devices market report has been segmented on the basis of product, end user, and region.
Global Cranial Fixation and Stabilization Devices Market: Overview
Cranial stabilization devices are used by healthcare practitioners to hold the patients head and neck during surgical procedures. Devices such as brain retractor systems and skull clamp systems provide a firm position to neurosurgeon while operating on a specific part.
Global Cranial Fixation and Stabilization Devices Market: Dynamics
Increasing demand for cranial fixation and stabilization devices in hospitals, owing to increasing prevalence’s of chronic diseases, and increasing number of accident resulting into increasing number of head surgeries is a key factor expected to drive growth of the global market over the forecast period.
In addition, increasing demand for minimally invasive neurosurgeries is another factor expected to further fuel growth of the cranial fixation and stabilization devices market over the forecast period.
Moreover, increasing cases of spinal disorders, dura mater repair, pelvic or trauma, etc., is resulting in rising demand for cranial fixation and stabilization devices to assist surgeons in successful surgeries is another factor expected to boost growth of the global market over the forecast period.
Furthermore, rapid technological advancements in medical devices and increasing government expenditure on healthcare sector are among other factors expected to propel growth of the target market to a certain extent.
However, lack of reimbursement policies and unavailability of proper healthcare infrastructure in developing countries are major factors expected to restrain growth of the market. In addition, cases of product recall and safety concern is another factor expected to hamper growth of the target market over the forecast period.
Ongoing trends observed in the target market is increasing neurosurgeries, presence for branded products, increasing awareness related to reimbursement policies is expected to support growth of the target market over the forecast period.
Technological advancements by major players and innovative product offerings are expected to create potential revenue opportunities for players operating in the target market over the forecast period. In addition, favorable government policies for new entrants and developing healthcare regulations and standards are factors expected to support growth of the target market.
Global Cranial Fixation and Stabilization Devices Market: Segment Analysis
Among the product segments, the cranial stabilization devices segment is expected to dominate in the target market over the forecast period.
Among the end user segments, the hospital's segment is expected to dominate in the target market over the forecast period.
Global Cranial Fixation and Stabilization Devices Market: Regional Analysis
The markets in North America and Europe are expected to contribute significant revenue shares in the global market. This can be attributed to well-developed healthcare infrastructures, favorable reimbursement policies, and the presence of major players operating in countries in this region. In addition, growing merger and acquisition activities between regional and international players in order to increase their presence and enhance their product portfolio are among other factors expected to further support the growth of the target market in this region to a certain extent.
The market in Asia Pacific is expected to witness faster growth, owing to developing healthcare standards, emergence of new entrants, and innovative product offerings by key players operating in various countries in this region. In addition, rising medical tourism in developing countries, coupled with availability of favorable insurance policies, and advanced healthcare facilities are expected to increase demand for these products from hospitals in this region.
Global Cranial Fixation and Stabilization Devices Market Segmentation:
Segmentation by product:
- Cranial Fixation Devices
- Cranial Stabilization Devices
Segmentation by end user:
- Ambulatory Surgical Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Stryker Corporation
- KLS Martin Group
- Braun Melsungen AG
- Integra LifeSciences Corporation
- Medtronic, Inc.
- Osteomed L.P.
- Johnson & Johnson
- Zimmer Biomet Holdings, Inc.
- Pro Med Instruments, Inc.
- Medicon A.S.
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