Global Cranial Fixation and Stabilization Market 2020 – Investment Strategy, Outlook and Key Development till 2025

The Global Cranial Fixation and Stabilization devices Market is expected to reach USD 2.29 billion by 2025 at a steady CAGR of 8.90%.

Cranial fixation and stabilization is required during all surgeries and procedures involving the head. With new medical procedures increasingly relying on finesse and minimal invasion, the stability of the head is critical.

According to the WHO, over 6.8 million people die of neurological conditions each year. Consequently, the need for a deeper understanding of neurological conditions and the development of innovative surgical procedures are expected to drive the demand for cranial fixation and stabilization equipment.

The increasing use of biocompatible materials and synergetic technological growth along with medical advances are key to the development of the market, which is projected to expand in tandem with the progress of medical science and equipment.

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Market USP

Critical need for the most advanced technologies and equipment when operating on the head and neck

Market Drivers

• Increased global spending on healthcare
• Large-scale technological advancements in healthcare equipment
• Development of new and specialized surgical procedures to treat various neurological and head/neck trauma cases
• Standardization of healthcare practices and procedures globally
• Critical need for head/neck stabilization during surgery
• Symbiotic growth of the healthcare and technology industries
• Emphasis on reducing patient mortality

• Increase in prevalence of neurological conditions such as epilepsy, stroke, neuroinfections, and traumatic injuries

• Surge in the number of road accidents

Market Restraints

• Stringent regulations regarding classification of cranial fixation and stabilization equipment as class II and class III medical devices

• Different regulatory standards across the globe affecting imports and exports

Segmentation

By Category

• Cranial Fixation Systems: Used for fastening bones after fractures, fastening skin to heal trauma, and for increasing cranial integrity post-surgery. Required for trauma cases, which make up the majority of brain surgeries, resulting in the segment accounting for the larger market share.

• Cranial Stabilization Systems: Used to stabilize the head during invasive procedures. Required for intensive and delicate brain surgery procedures.

By Product

• Meshes: Used for reconstructive procedures where part of the skull has been damaged.
• Skull Clamps: Used to hold the head firmly in place for surgery.
• Flap Tube Clamps: Used to attach cranial bones to the cranium in a singular motion.
• Horseshoe Headrests: Used to stabilize the head by supporting the neck so head movement is still possible.
• Plates: Used to replace skull parts that are too damaged to be repaired.
• Screws: Used to attach fractured/broken cranial bones.
• Accessories: Used to aid in the stabilization of the head by complementing other cranial stabilization systems.

By Type

• Resorbable: These cranial fixation systems are eventually broken down and absorbed by the body. Resorbable equipment is more expensive but the segment accounts for a smaller market share.

• Non-Resorbable: Cranial fixation systems that are either permanently attached to the patient’s cranium or require follow-up surgery for removal. Used extensively in developing countries due to their lower costs.

By End User

• Hospitals: Cranial stabilization systems are almost entirely used by hospitals, while the majority of the cranial fixation systems also find application in this segment.

• Ambulatory Surgical Centers: These establishments mostly deal with trauma cases and injuries that require immediate attention. However, these centers command disproportionate revenues due to the nature of their services.

• Others: This segment covers on-site trauma and emergency surgeries.

By Region

• Americas
• Asia-Pacific
• Europe
• Middle East & Africa

Regional Analysis

• Americas: With a massive 55% of the market share concentrated in North America alone, the market in the Americas is currently leading the global cranial fixation and stabilization market.

• Asia-Pacific: This is the fastest-growing regional market due to the aggressive economic growth in the region, the increased spending on healthcare, and presence of a large patient pool of neurological disorders and head traumas requiring surgery.

• Europe: Currently the second-largest, the European market is expected to register steady growth. Healthcare implementation in Europe occurs at the behest of the governments and not companies, making this a secure and stable market. However, the manufacture of medical equipment is privatized and, therefore, subject to stringent regulations. To fast track the regulatory process, the EU has created a single body for all member countries, thereby directly benefiting medium- and small-scale manufacturers.

• Middle East & Africa: With limited medical infrastructure the regional market currently accounts for the least share of the global market. However, a young population, industrialization and urbanization, and increasing awareness of new medical procedures are expected to result in the eventual growth of the market.

Competitive Analysis

Key Players

• Johnson & Johnson (US)
• Stryker (US)
• Ostomed (UK)
• KLS Martin Group (Germany)
• Medtronic (US)
• Integra LifeSciences Corporation (US)
• Braun Melsungen AG (Germany)
• Changzhou Huida (China)
• DePuy Synthes (US)
• Evonos (Germany)
• Jeil Medical (South Korea)
• Medicon (Germany)
• Micromar (Brazil)
• NEOS Surgery (Spain)
• Pro Med Instruments (Germany)
• Zimmer Biomet (US)

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