Market Size of Cranial Fixation and Stabilization Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cranial Fixation & Stabilization Systems Market Analysis
The cranial fixation and stabilization systems market is expected to register a CAGR of 8.7% during the forecast period.
Patients with long-term neurological disorders were severely impacted as the SARS-CoV-2 infection worsened when it was associated with neurological and neuropsychiatric illness. Neurological surgeries were delayed or postponed during COVID-19, adversely impacting the market studied in its initial phase. For instance, according to the study published in the Acta Neurochirurgica in November 2021, amid the pandemic, there was a 33.6% decrease in neurosurgical emergency referrals and a 55.6% decrease in operations. Thus, decreasing the demand for cranial fixation and stabilization systems among the patient population. However, the market is gradually stabilizing as COVID-19 cases are declining resulting in the return of the normal demand levels for cranial fixation and stabilization systems. Thus, there is a significant impact on the cranial fixation and stabilization systems market over the forecast period.
The increasing prevalence of neurological diseases, increasing incidence of road accidents and injuries, and technological advancements in the field of cranial fixation and stabilization systems are attributed to driving the growth of the market over the forecast period. For instance, the Alzheimer's Association Report updated in June 2022 stated an estimated 6.2 million people might have Alzheimer's disease in the United States, and nearly a million Americans are living with Parkinson's disease. Additionally, according to the WHO, in June 2022, approximately 1.3 million people died in road accidents. Between 20 and 50 million people suffer from non-fatal injuries, with many incurring disabilities due to their injuries. Such injuries may result in an increased demand for cranial fixation procedures since these devices offer greater precision by immobilizing the main structures within the skull.
Additionally, the approval from the regulatory authorities is also propelling the growth of the market. For instance, in October 2021, OssDsign received expanded market clearance from the US FDA for OssDsign Cranial PSI, a patient-specific cranial implant. Such development is expected to drive the growth of the market.
Therefore, the factors such as increasing prevalence of neurological diseases, increasing incidence of road accidents and injuries, and technological advancements in the field of cranial fixation and stabilization systems are attributed collectively to the studied market growth over the forecast period. However high cost of surgeries is expected to hinder market growth over the forecast period.
Cranial Fixation & Stabilization Systems Industry Segmentation
As per the scope of the study, the cranial fixation and stabilization systems ensure the fixation and structural stability of the replaced skull flap. These are divided into a cranial fixation and cranial stabilization systems. The Cranial Fixation and Stabilization Systems Market is Segmented by Product Type (Cranial Fixation System, Cranial Stabilization Systems), Material Type (Resorbable Fixation Systems, Nonresorbable Fixation Systems), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across significant global regions. The report offers the value (USD million) for the above segments.
| By Product Type | |
| Cranial Fixation System | |
| Cranial Stabilization Systems |
| By Material Type | |
| Resorbable Fixation Systems | |
| Nonresorbable Fixation Systems |
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Cranial Fixation and Stabilization Systems Market Size Summary
The cranial fixation and stabilization systems market is poised for significant growth, driven by the increasing prevalence of neurological diseases, road accidents, and technological advancements in the field. The market experienced initial setbacks due to the COVID-19 pandemic, which led to delays in neurological surgeries and a decrease in demand for these systems. However, as the pandemic's impact wanes, the market is stabilizing and returning to normal demand levels. The rising incidence of neurological disorders, such as Alzheimer's and Parkinson's diseases, along with the high number of road accidents resulting in cranial injuries, are key factors propelling market growth. Technological innovations and regulatory approvals, such as the US FDA's clearance for patient-specific cranial implants, further bolster the market's expansion.
North America is expected to hold a significant share of the global market, driven by the high prevalence of neurological diseases and accidents in the region. The aging population, particularly in Canada, is likely to increase the burden of neurodegenerative disorders, thereby boosting demand for cranial fixation systems. Strategic initiatives by major players, including new product launches and expansions, are also contributing to market growth. The market is characterized by fragmentation and competitiveness, with key players like Integra LifeSciences Corporation, B. Braun Melsungen AG, and Medtronic Plc leading the way. These companies are employing strategies such as expansions, agreements, and partnerships to enhance their market presence and drive growth.
Cranial Fixation and Stabilization Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Neurological Diseases
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1.2.2 Increasing Incidence of Road Accidents and Injuries
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1.2.3 Technological Advancements in the Field of Cranial Fixation and Stabilization Systems
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1.3 Market Restraints
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1.3.1 High Cost of Surgeries
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product Type
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2.1.1 Cranial Fixation System
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2.1.2 Cranial Stabilization Systems
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2.2 By Material Type
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2.2.1 Resorbable Fixation Systems
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2.2.2 Nonresorbable Fixation Systems
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Cranial Fixation and Stabilization Systems Market Size FAQs
What is the current Cranial Fixation and Stabilization Systems Market size?
The Cranial Fixation and Stabilization Systems Market is projected to register a CAGR of 8.70% during the forecast period (2024-2029)
Who are the key players in Cranial Fixation and Stabilization Systems Market?
Integra LifeSciences Corporation, Depuy Synthes (Johnson & Johnson), Medtronic Plc, Stryker Corporation and B. Braun SE are the major companies operating in the Cranial Fixation and Stabilization Systems Market.
