San Francisco, 29 October 2018 , The global cranial fixation & stabilization devicesmarket size is expected to reach USD 2.6 billion by
2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 5.6% during the forecast period. 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 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.
Full Research Report On Cranial Fixation &
Stabilization Devices Market Analysis:
www.grandviewresearch.com/industry-analysis/cranial-fixation-stabilization-devices-market
www.grandviewresearch.com/industry-analysis/cranial-fixation-stabilization-devices-market
Further key findings from the report suggest:
·
Cranial fixation is the procedure in which
bone fragments or grafts and bone flaps are fixed to cranium to offer stable
closure in surgery.
·
Increase in demand for cranial fixation
plates & screws due to rise in surgical procedures such as craniotomies,
cranial trauma & fixation is anticipated to boost the demand for cranial
fixation devices over the forecast period
·
Stabilization product segment is expected
to witness significant growth in the coming years due to technological
advancements in the field of neuroscience
·
The hospital segment accounted for the
largest revenue share as the number of neurosurgical procedures performed in
the hospitals are more
·
The adoption of cranial stabilization
devices is expected to increase in ambulatory surgical centers as the demand
for outpatient craniotomies is increasing rapidly
·
North America held the dominant market
share in 2017, due to presence of well established healthcare industry, high
awareness among end users, and demand for technologically advanced healthcare
products
·
The Asia pacific regional market,
especially China and India, are anticipated to witness remarkable growth over
the forecast period as incidence of neurological conditions due to road
accidents is high in these regions
·
The market is competitive in nature as
companies are involved in building up strategies such as merger &
acquisitions, geographic expansions, and new product developments to gain
market share
·
Some of the key companies present in the
market are Stryker, Medtronic, Ostomed, Johnson & Johnson, Integra
LifeSciences Corporation, KLS Martin Group, and B. Braun Melsungen AG.
Browse
More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global cranial fixation &
stabilization devices market on the basis of product, end-use and region:
Cranial Fixation and Stabilization Devices
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Cranial Fixation Devices
·
Cranial Stabilization Devices
Cranial Fixation and Stabilization Devices
End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory Surgical Centers
Cranial Fixation and Stabilization Devices
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-cranial-fixation-stabilization-devices-market
www.grandviewresearch.com/press-release/global-cranial-fixation-stabilization-devices-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
