Cranial Fixation & Stabilization Systems Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Cranial fixation & stabilization systems market is expected to grow in upcoming years due to factors such as rise in prevalence of neurological disorders such as epilepsy, stroke, neuro-infections, traumatic injuries and Parkinson disease. Increase in number of skilled healthcare professionals is also expected to fuel the growth for the market.

Cranial fixation is a procedure used in surgeries related to brain and spinal cord. It is one of the most demanded and extremely delicate process in the medical science field. In cranial fixation and stabilization, bone fragments and bone flaps can be fixed to the cranium for providing stable closure. The fixation and stabilization systems can also be used as supporting devices in craniofacial surgeries and cranial bone flap surgery. 

COVID-19 scenario analysis:

To take care of the infected population, the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on cranial fixation & stabilization systems market.

Top Impacting factors:

• Increase in prevalence of neurological disorders such as stroke, epilepsy, neuro-infections, traumatic injuries and Parkinson disease are expected to boost the growth for cranial fixation & stabilization systems market.
• Factors such as rise in number of skilled healthcare professionals and favorable reimbursement policies are expected to rise the growth for the cranial fixation & stabilization systems market.
• Increase in cases of road accidents and injuries due to falling is expected to increase the market growth.
• Rise in focus for 3D printed products in surgery procedure is expected to boost the growth for the market.
• However, factors such as lack of healthcare facilities in developing countries including lack of awareness and high costs related to surgeries that leads to late diagnosis of diseases is expected to hamper the growth of the cranial fixation & stabilization systems market during the forecast period.

New Product Launch / News:

• In 2019, Kelyniam Global (KLYG), a manufacturer of custom cranial implants announced that it has entered into a distribution agreement with Bioplate, Inc., a leading manufacturer of cranial fixation devices for neurosurgery. Kelyniam received 510(k) approval for Integrated Fixation System (IFS) Tabs on their line of PEEK custom cranial implants. Bioplate's titanium fixation screws can be used in conjunction with the IFS tabs, or the entire fixation system can be used by surgeons for routine craniectomies and facial reconstructions.
• In 2016, Amendia launched the SYZYGY spine stabilization system. The factors such as lack of healthcare facilities in developing countries such as shortage of healthcare professionals or ill-equipped hospitals, lack of awareness that causes late diagnosis of diseases, and the high cost of surgeries are anticipated to be the major limiting factors for the cranial fixation and stabilization systems market.

Key benefits of the report:

• This study presents the analytical depiction of the cranial fixation & stabilization systems market along with the current trends and future estimations to determine the investments.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cranial fixation & stabilization systems market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the cranial fixation & stabilization systems market.
• The report provides a detailed cranial fixation & stabilization systems market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Cranial Fixation & Stabilization Systems Market Report:

• Who are the leading market players active in the cranial fixation & stabilization systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the cranial fixation & stabilization systems market?
• What are the projections for the future that would help in taking further strategic steps?
• What Segments and region will drive the cranial fixation & stabilization systems market growth & why?

 Cranial Fixation & Stabilization Systems Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights