Market Growth Factors:
The increasing prevalence of neurological diseases and high incidence of road accidents and fall related injuries are the key drivers for the global cranial fixation and stabilization systems market.
What Expert Analysed About The Market Growth:
The global cranial fixation and stabilization systems market is expected to reach USD 1.74 billion by 2022 from USD 1.14 billion in 2017, at a CAGR of 8.7%.
The cranial fixation and stabilization systems market is segmented on the basis of product, material type, end user, and region.
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“Cranial fixation systems are expected to grow at the highest CAGR during the forecast period.”
Based on product, the market is segmented into cranial fixation systems and cranial stabilization systems. The cranial fixation systems segment is expected to grow at the highest CAGR during the forecast period. The large share of the cranial fixation systems segment is attributed to the availability of customized product offerings and the increasing adoption of cranial fixation systems by neurosurgeons.
“Asia to witness the highest growth during the forecast period.”
In 2017, North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. This can be attributed to factors such as the large population base in Asian countries, growing geriatric population, and increasing number of road accidents and fall related injuries which results in the increase in brain injuries. The increasing focus of prominent players on Asia is also supporting market growth in the region.
Key Market Players and Growth Strategies Adopted by Them:
The cranial fixation and stabilization systems market is highly competitive with the presence of several small and big players. Prominent players in the market include B. Braun (Germany), Changzhou Huida (China), DePuy Synthes (US), Evonos (Germany), Integra (US), Jeil Medical (South Korea), KLS Martin (Germany), Medicon (Germany), Medtronic (Ireland), Micromar (Brazil), NEOS Surgery (Spain), OsteoMed (US), Pro Med Instruments (Germany), Stryker (US), and Zimmer Biomet (US).
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The report provides an overview of the cranial fixation and stabilization systems market. It aims at estimating the market size and future growth potential of this market across different segments such as product, material type, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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