Transparency Market Research in its new report titled, “Cranial Fixation and Stabilization Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026, ” provides key insights on the cranial fixation and stabilization systems market. The new report states that the global cranial fixation and stabilization systems market is driven by the increase in prevalence of neurological diseases such as epilepsy, stroke, Parkinson’s disease, neuroinfections, and traumatic injuries. Also, increase in the number of skilled health care professionals, favorable reimbursement policies, surge in cases of road accidents and fall injuries are expected to drive the market. Focus on 3D printed products is another factor expected to boost the growth of the market, says the report.
The report has split the global cranial fixation and stabilization systems market based on product type, material, end-user, and region. On the basis of product type, the report has categorized the global market into screws, meshes, skull clamps, horseshoe headrests, accessories, adaptors, arms, and base units. TMR analyst expects the meshes segment to continue dominating the global cranial fixation and stabilization system market.
In terms of material, the global cranial fixation and stabilization systems market is classified into non-resorbable and absorbable. Based on end-user, the global market is divided into hospitals and ambulatory surgical centers. The hospitals segment held the largest market share in 2017 due to large number of brain and spinal surgeries carried out in hospitals.
Based on region, the TMR report has segmented the global cranial fixation and stabilization market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America and Europe dominate the global cranial fixation and stabilization systems market owing to favorable reimbursement policies, high awareness about diagnosis and treatment options for neurological disorders, and well-structured hospital system with highly skilled medical professionals. As per the report, Asia Pacific is a potential market for cranial fixation and stabilization systems.
Increase in government investment in health care and rise in number well-structured hospital systems with highly skilled medical professionals with specialization in neuroscience are some of factors expected to drive the cranial fixation and stabilization system market in Asia Pacific.
The cranial fixation and stabilization systems market in Asia Pacific is also driven by technological advancements in medical instruments in India, China, and Japan and favorable reimbursement policies in countries such as Australia and New Zealand. Latin America and Middle East and Africa are emerging market for cranial fixation and stabilization systems, says the TMR analyst.
Major companies operating in the global cranial fixation and stabilization systems market are included in this report to give a better competitive analysis and these include 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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