Future Market Insights has published a new report titled Cranial Stabilisation Devices Market By the end of 2022, the market for cranial stabilisation devices is projected to be worth US$ 615.2 Mn, up from US$ 582.2 Mn in 2021. The global sales of cranial stabilising devices are anticipated to increase at a CAGR of 4.9% between 2022 and 2032, reaching a total of around US$ 988.4 Mn by 2032 due to the increased frequency of neurological illnesses and the rise in the number of brain surgeries.
Technological advancements in the field of neuroscience across the globe is a favourable factor boosting revenue growth of the global cranial stabilisation devices market. Revenue from the global cranial stabilisation devices market is expected to reach US$ 472.9 Mn by 2017 end and is projected to reach US$ 792.8 Mn by the end of 2027. Sales revenue is anticipated to register a robust CAGR of 5.3% between 2017 and 2027.
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Global Cranial Stabilisation Devices Market: Key Players
- Micromar Ind. Com. Ltda
- Pro Med Instruments, Inc.
- Integra LifeSciences Corporation,
- Changzhou Huida Medical Equipment Co. Ltd.
Global Cranial Stabilisation Devices Market: Key Trends
- Steady growth in neurosurgical procedures across the globe
- Increasing consolidations among key market players
- Rising preference for branded products
- Increasing awareness regarding regulatory concerns
- Rapidly expanding healthcare facilities across the globe
- Increasing spending on healthcare facilities across the world
Cranial Stabilization Devices Market: Macro Economic Factors
Government officials in Asia Pacific, the Middle East, and Africa have been encouraging start-ups and MNCs to boost industrial growth in the healthcare and medical devices industries in recent years. Leading players in the medical devices market are leveraging economies of scale to strengthen their market position. This is likely to benefit the global market for cranial stabilisation devices.
The rising incidence of life-threatening diseases as a result of people’s changing lifestyles is driving up demand for neurology procedures worldwide. The direct and indirect costs of treating neurological diseases and disorders are expected to rise over time. This is another factor that is likely to have an impact on the global cranial stabilisation devices market’s revenue growth.
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Global Cranial Stabilisation Devices Market: Segmental Forecast
The global market for cranial stabilisation devices is divided into three categories based on product type: Horseshoe Headrest, Skull Clamp System, and Brain Retractor System. In terms of revenue, the brain retractor system segment dominated the global cranial stabilisation devices market in 2016, and this trend is expected to continue throughout the forecast period. With an attractiveness index of 1.6, the brain retractor system segment is expected to be the most profitable of all product types.
By end use the market is segmented into hospitals, ambulatory surgical centres and specialised centres. Specialized centres segment is expected to be the second largest market for cranial stabilisation devices, with a market share index of 0.7. Ambulatory surgical centres segment remains the third largest market with a market share index of 0.5.
Global Cranial Stabilisation Devices Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA are among the key geographies covered in this report. Over the forecast period, the APEJ cranial stabilisation devices market revenue is expected to grow at a significant CAGR. Due to increased demand for cranial stabilisation devices such as horseshoe headrests, skull clamp systems, and brain retractor systems, APEJ remains the third largest market. In terms of revenue, North America dominated the global cranial stabilisation devices market in 2016, and this trend is expected to continue throughout the forecast period. With an attractiveness index of 2.8, the North American cranial stabilisation devices market is expected to be the most lucrative of all regional markets.
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Market Taxonomy
By Product Type
- Horseshoe Headrest
- Skull Clamp Systems
- Brain Retractor System
- Accessories
By End User
- Hospitals
- Ambulatory Surgical Centres
- Specialised Centres
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