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Cranial Implants Market Report 2024: Strategies And Recent Developments | B. Braun Melsungen AG, DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., Kelyniam Global Inc
Cranial Implants Market Size
The Business Research Company offers in-depth market insights through Cranial Implants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cranial implants market size has grown rapidly in recent years. It will grow from $1.11 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increased prevalence of trauma and injury cases, neurological surgeries, patient-specific implants, aging population, regulatory compliance, increased medical tourism.
The cranial implants market size is expected to see rapid growth in the next few years. It will grow to $1.82 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing emerging technologies, increasing minimally invasive procedures, increasing neurological disorders, growing telemedicine and remote surgery, growing need for biocompatible materials. Major trends in the forecast period include iot integration, customized cranial reconstruction, technological innovations, innovative solutions, strategic partnerships.
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Market Segmentation:
The main types of cranial implants include customized and non-customized cranial implants. A customized implant is transplanted into the wound and then transforms its shape when the temperature, pressure, or magnetic field changes, to adapt to the dimensions of tissue defects. A polymer is a large molecule or a macromolecule which essentially is a combination of many subunits. The main types of material used for manufacturing cranial implants are polymer, metal, and ceramic and are used in hospital and trauma centers, ambulatory surgical centers, speciality clinics, and others.
Major Driver - Rising Neurological Diseases And Traumatic Brain Injuries From Road Accidents
The rising prevalence of neurological diseases and road accidents is expected to propel the growth of the cranial implants market in the forecast period. According to Parkinson's disease statistics, Parkinson's disease is the second most common age-related neurological disorder after Alzheimer's disease. A cranial implant will enable doctors to look inside the brain without having to drill a new hole in the skull each time, making neurological disorder treatment easier. According to Parkinson's Foundation, in September 2021, Around one in six people in the UK have at least one neurological condition with an estimated 600,000 people diagnosed each year, they can affect anyone at anytime. Therefore, the rising prevalence of neurological diseases and road accidents is driving the cranial implants market growth.
Competitive Landscape:
Major companies operating in the cranial implants market include B. Braun Melsungen AG, DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., Kelyniam Global Inc., Medartis Holding AG, Osteomed LLC, KLS Martin Group, Renishaw plc, Xilloc Medical B.V., Medtronic plc, Ortho Baltic, Evonos GmbH, Synimed GmbH, Johnson & Johnson Services Ltd., Integra LifeSciences Corporation, OssDsign AB, Medicon eG, BIOARCHITECTS, Stryker Corporation, Medline Industries Inc., Matrix Meditec Pvt. Ltd., Matrix Surgical USA, Sibelco UK Ltd., Anatomics Pty Ltd., ProDentis GmbH, Biomet Microfixation Inc., Cochlear Limited, Combilift Ltd., Conformis Inc., Cranios USA
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Top Trend - 3D Printing Revolutionizes Cranial Implants Market
Major companies operating in the cranial implants market are innovating new technologies such as 3D printing technology to increase their profitability in the market. 3D printing technology is a process of creating three-dimensional objects from a digital file. For instance, in October 2023, 3D Systems, a US-based 3D printer manufacturing company launched 3D printing technology in cranial implants. The PEEK (polyetheretherket*one) implant is patient-specific, meaning it is designed to fit the individual's anatomy. Custom implants that meet legal requirements can be produced using 3D printing. This tailored approach guarantees a better fit and better patient results.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cranial Implants Market Characteristics
3. Cranial Implants Market Trends And Strategies
4. Cranial Implants Market - Macro Economic Scenario
5. Cranial Implants Market Size And Growth
…..
27. Cranial Implants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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