Cranial Implants Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033

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.

Market Overview -
Cranial implants are used for protecting intracranial structure, reconstructing the skull shape, normalizing cerebral hemodynamics, and also during cranial reconstruction procedures after cranial defects.

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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

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 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.

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Key Segments -

The cranial implants market covered in this report is segmented -

1) By Type: Customized Cranial Implants, Non-customized Cranial Implants
2) By Material: Polymer, Ceramic, Metal
3) By End User: Hospital and Trauma Centers, Ambulatory Surgical Centers, Speciality Clinics, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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