Global Cranial Fixation and Stabilization Devices Market By Product (Fixation Devices and Stabilization Devices), By End Use (Hospitals and Ambulatory Surgical Centers), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Cranial Fixation and Stabilization Devices Market Overview:

In 2021, the global market for cranial fixation devices was worth USD 1,448.1 million. The market is expected to grow at a 5.5% CAGR over the forecast period. The rising demand for minimally invasive brain surgery is expected to drive this demand in the future.

Global Cranial Fixation and Stabilization Devices Market Scope:

Product Analysis

The fixation product section accounted for the major revenue share in 2021. It is expected that it will continue to hold its position until 2032. Its high incidence of skull fractures, head injuries, and dominance in this segment is what has made it so dominant. According to the CDC statistics, traumatic brain injuries (TBI) are the leading cause of death in the United States. TBI-related injuries account for 153 deaths each day in the United States. Due to the growing demand from neurosurgeons, the stabilization segment is expected to experience lucrative growth. This is used to stabilize the head during neurosurgeries. There are two types of skull clamps: the horseshoe headrest and the skull clamps.

End-Use Analysis

The largest proportion of the global cranial stabilization market’s revenue was generated by hospitals based on end-use. Due to the high number of neurosurgery operations performed at these facilities, this segment will continue to be the largest market contributor up until 2032. The National Center of Biotechnology Information estimates that around 25 million people are hurt in road accidents each year. In the United States, around 300 people are killed in road accidents each year. This shows the future demand for hospital procedures. Hospital segments are declining due to high costs and long stays in outpatient departments.

Because they provide surgical operations at a considerably cheaper cost than hospitals, ambulatory surgical centers are predicted to expand. Numerous codes for spine surgery that can be carried out at ACS by neurosurgeons have been recognized by the Centers for Medicare & Medicaid Services. Over the projection period, this will assist in a movement in patient choice toward ambulatory care facilities.

Key Market Segments:

By Product

• Cranial Fixation Devices
• Cranial Stabilization Devices

By End-Use

• Hospitals
• Ambulatory Surgical Centers

Market Dynamics:

The market for cranial fixation devices and stabilization devices is expected to grow in the future due to rising road accident incidence and increasing demand for reconstructive surgery. The market is also being driven by increasing rates of head trauma, brain cancer, and aneurysms. Another factor driving the market growth is the increasing number of cases of spinal disorders and traumas that require cranial fixation during surgery. The market is expected to grow due to the increasing use of deep brain stimulation procedures. Cranial fixation or stabilization devices can be used to treat neuro-oncology and spinal disorders, as well as pelvic and trauma injuries, trans-nasal skull-based surgery, neurovascular diseases, and CSF management. New devices are emerging thanks to technological advances. These devices are set to change the face of the market. The growing potential for growth in emerging regions is due to the improvement of healthcare infrastructure. The lack of expertise will likely be a hindrance to the growth of the market.

Regional Analysis:

North America accounted for around 50% of the market as of 2021. The market share is a result of the abundance of cranial surgery hospitals and surgical facilities, as well as the high demand for cutting-edge surgical equipment for neurosurgery. The high rate of brain tumors in this area and a large number of traffic accidents have an impact on its regional market share as well.

The demand for the Asia Pacific is anticipated to increase at a profitable pace due to the growing industrialization, which has caused a spike in traffic accidents over the projection period. Increased investments in enhancing healthcare infrastructure from global corporations, governments, and private organizations will boost the region’s industrial growth.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

There are many small and large companies that manufacture medical devices for cranial fixation and stabilization. The market for cranial stabilization and fixation devices is highly competitive. Major players such as Stryker, KLS Martin Group and B. Braun Melsungen AG dominate this market. Integra LifeSciences Corporation, Stryker, KLS Martin Group, and B. Braun Melsungen AG. Johnson & Johnson, Ostomed, and Medtronic are the other market participants that contribute significantly.

Market Key Players:

• Integra LifeSciences Corporation
• Stryker
• KLS Martin Group
• B. Braun Melsungen AG
• Medtronic
• Johnson & Johnson
• Osteomed
• DePuy Synthes Companies
• Other Key Players

For the Cranial Fixation and Stabilization Devices Market research study, the following years have been considered to estimate the market size: