The global cranial stabilization devices market share is estimated to clock a revenue of USD 1,028.8 million by 2033. Our healthcare industry experts opine that cranial stabilization device providers can expect a modest CAGR of 4.7% through 2033, with a present valuation of USD 648.9 million in 2023.
Key Market Highlights:
| Attributes | Details |
|---|---|
| Cranial Stabilization Devices Market Size, 2022 | USD 615.2 million |
| Cranial Stabilization Devices Market Size, 2023 | USD 648.9 million |
| Cranial Stabilization Devices Market Size, 2033 | USD 1,028.8 million |
| Value CAGR (2023 to 2033) | 4.7% |
Market Trends Fueling the Sales of Cranial Stabilization Devices:
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The cranial stabilization devices market is expected to observe sales at a CAGR of 4.7% through 2033. The historical period observed a higher rate of sales.
| Attributes | Details |
|---|---|
| Cranial Stabilization Devices Market Size (2018) | USD 498.44 million |
| Cranial Stabilization Devices Market Size (2022) | USD 615.2 million |
| Cranial Stabilization Devices Market (CAGR 2018 to 2022) | 5.4% |
As per the estimates by the FMI analysts, the market expanded at a CAGR of 5.4% from 2018 to 2022. Key factors that have been a continuous source of market growth include:
The market is expected to advance at a steady pace. As per the recent market report, the market is expected to witness the following trends through 2033:
Research and development are expected to increase over the forecast period as manufacturers realize the importance of constant advancements to match the pace with the evolving demand from the healthcare sector.
| Country/ Region | Value Share (2022) |
|---|---|
| North America | 37.9% |
| Europe | 26.5% |
| The United States | 24.9% |
| Germany | 4.7% |
| Japan | 9.9% |
The North America market, which enjoyed a massive share of 37.9% in 2022, is being led by the United States. The cranial stabilization devices market in the United States garnered a share of 24.9% in 2022. The surging pervasiveness of neurological disorders like dementia and tumors propels the market. Consequently, the rise in neurosurgeries is fueling the market expansion.
Key players in the region are developing improved versions of cranial stabilization devices. These devices' modern design and fresh usability experience are some key features. Companies are exploring smart solutions and zeroing in on intuitive adjustments in cranial stabilization devices to offer freedom of movement during surgical operations.
Factors like better healthcare facilities, the high presence of medical device giants, and the availability of favorable reimbursement policies further facilitate the market. The National Brain Tumor Society reported that about 7 lakh people have primary brain tumors. More than 88,970 of the population in the United States is expected to be diagnosed with primary brain tumors in the upcoming years, leading to surging demand for brain surgeries. This is expected to fuel the demand for brain surgery instruments.
The Europe market is expected to acquire more than 26.5% in 2023. The region is catalyzed by the rise in medical tourism, swelling the demand for cranial stabilization devices. As competitors aim for a greater footprint, new launches in the region are expected to push the market growth. For instance, in June 2022, NGMedical GmbH introduced the ART Fixation System in Europe to meet the emerging regional demand. The ART Fixation System was developed to simplify and accelerate the surgeon’s work by providing them with a fixation system to execute dorsal spinal stabilizations.
The German market leads the region, as Germany is a well-known healthcare hotspot globally. Growing concerns over the death caused by neurological diseases are increasing brain surgeries in the country, thus augmenting the sales of cranial stabilization devices.
The cranial stabilization devices market in the United Kingdom is estimated to expand at a CAGR of 4.2% through 2033. Increasing medical facilities and awareness of new developments are expected to bolster the market's growth.
Japan is expected to account for 9.9% of the overall market. The country boasts of advanced medical technology across the globe. Additionally, medical assistance costs less in Japan than in other industrially developed countries. The reason is that Japan’s national social insurance system backs up a crucial part of medical expenditure. Consequently, the patient’s share of medical expenses is drastically reduced. These factors are augmenting the sales of cranial stabilization devices. The market is propelled by the significant growth of healthcare services and the country's surging count of medical professionals.
The Asia Pacific market is anticipated to flourish at a steady CAGR over the assessment period. China and India markets are predicted to expand at CAGRs of 4% and 2.9%, respectively, through 2033. Government authorities in this region are fueling start-up firms and MNCs to augment the industrial expansion in the healthcare and medical sectors. Top medical device industry players are leveraging economies of scale to boost their position in the market.
The Australia market for cranial stabilization devices is expected to pick up the momentum of 2.1% CAGR through 2033. The country is being considered the next go-to market by manufacturers to exploit the emerging potential for these devices.
The market's scope is anticipated to enlarge due to technological advancements in neuroscience. Growing preference for branded products is expected to foster market growth. Surging expenditure on healthcare services in the country is anticipated to influence positively.
Brain Retractor System to Hold its Prominence in the Market The brain retractor system is expected to account for a sizeable share of around 41.3% in 2023. The segment is witnessing high growth owing to the surging adoption of brain retractor systems to perform complex brain surgeries. These systems help medical professionals arrive at a specific area by grasping and moving tissues via positioning the head of the patient during surgery.
| Top Segment | Brain Retractor System |
|---|---|
| CAGR | 41.3% |
The soar in brain surgeries, technical advances in brain retractor systems, and the surging need for access to deeper areas of the brain are key impellers for the segment's growth.Hospitals Segment to Account for High Demand for Cranial Stabilization Devices According to recent estimates, the hospital segment is expected to hold a massive share of 58.7% of the overall market. The segment is being catalyzed by increased neurosurgeries executed in hospitals owing to reduced costs and the availability of well-trained surgeons.
| Top Segment | Hospital |
|---|---|
| CAGR | 58.7% |
Hospitals are an essential part of health system development. The segment adds to the effectiveness of several other parts of the health system, offering constant accessibility of services for acute, life-threatening issues.Surging government investments to enhance the hospital infrastructure and an increase in hospitals are fueling the market’s growth. Apart from this, surging patient preference to opt for complex surgeries at hospitals is expected to augment the target segment in the upcoming years.
Leading companies in the market are offering an extensive portfolio of neurocritical care and neurosurgery devices customized to meet the requirements of patients and surgeons in their respective specialized fields. To increase the market foothold, neurosurgery equipment manufacturers emphasize tactics like M&A, distribution agreements, collaborations, approvals, and new product launches.
Recent Development
| Company Name | Product Portfolio |
|---|---|
| Prelude Capital Management LLC | The company offers diverse products like dural repair, tissue ablation, cranial stabilization, cerebral spinal fluid management, and intracranial monitoring equipment. |
| Howell Medical | The company provides neurosurgery operating table accessories, including cranial headrest adapter HE-TJ (SS / Al alloy). This adapter is utilized with the Mayfield Cranial Stabilization System. The product is available in stainless steel and aluminum alloy. |
| Integra LifeSciences Corporation | The firm offers MAYFIELD 2 cranial stabilization system, MAYFIELD standard cranial stabilization system, MAYFIELD imaging cranial stabilization system, MAYFIELD skull pins, and much more in its catalog. |
The market is expected to generate a revenue of USD 648.9 million in 2023.
The market is expected to expand at a CAGR of 4.7% through 2033.
The United States leads the cranial stabilization devices market.
The brain retractor systems are witnessing high adoption from end users.
B Braun SE, Howell Medical, and KLS Martin Group are the key competitors in the market.
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Cranial Stabilisation Devices Market
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