Cranial Fixation & Stabilization Systems Market Size, Share and Growth Analysis

Cranial Fixation & Stabilization Systems Market Analysis Size, Growth rate and Overview:

The Cranial Fixation & Stabilization Systems Market was valued at USD 1.02 Billion in 2017 and is expected to reach almost USD 1.45 Billion by the end of 2023, growing at a CAGR of around 7.9% over the predicted period. The cranial fixation system is specially designed for the structural stability of the skull. These systems are used during neurological or spinal surgeries. The brain surgeries are quite delicate and the most demanding. The global market is strengthened by the increase in the prevalence of neurological diseases such as epilepsy, stroke, Parkinson's disease, neuro-infections and traumas.

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Cranial Fixation & Stabilization Systems Market Key Drivers, Challenges, and Opportunities:

The increase in the number of qualified health professionals, the favorable reimbursement policies, the increase in the number of traffic accidents and injuries related to falls should stimulate the market. Focusing on 3D printed products is another factor that can stimulate market growth.

However, the lack of health care facilities in developing countries, such as poorly equipped hospitals or the lack of health professionals, the high cost of surgeries and the lack of awareness lead to a late diagnosis of diseases, which must be an obstacle to global cranial fixation and stabilization market.

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Cranial Fixation & Stabilization Systems Market – Regional Presence:

North America and Europe lead the world market for cranial fixation and stabilization due to favorable reimbursement policies, knowledge of diagnosis and treatment options for neurological disorders and a well-structured hospital system with highly qualified professionals. Asia Pacific is a potential market for these systems due to the increase in public investment in health care and the proliferation of well-structured hospital systems with highly qualified health professionals specialized in neuroscience. The prevalence rate of stroke, Parkinson's disease, and other nerves related traumas is high throughout the world. The Asia Pacific cranial stabilization and fixation market is also based on advances in medical device technology in India, China and Japan, and on favorable reimbursement policies in countries such as Australia and New Zealand. Latin America, the Middle East and Africa are emerging markets for cranial fixation and stabilization systems.

Some of the Key Players Profiled in this Cranial Fixation & Stabilization Systems Market Report are:

Becton, Dickinson and Company, Terumo Corporation, Teleflex Incorporated, Smiths Group plc, Aesculap (B. Braun Melsungen AG), Edward Lifesciences Corporation, Medtronic, Merit Medical System, Inc., Boston Scientific, NIPRO Medical Corporation, AngioDynamics, Ameco Medical Industries, and OSCOR Inc., among others.

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