Cranial Fixation and Stabilization Devices Market Size, Share & Trends Analysis Report By Product (Fixation Devices, Stabilization Devices), By End Use (Hospitals, ASCs), And Segment Forecasts, 2018 - 2025

Report Overview

The global cranial fixation and stabilization devices market size was valued at USD 1.69 billion in 2017. It is expected to witness a CAGR of 5.6% during the forecast period. Surging demand for minimally invasive neurosurgeries is estimated to fuel the demand for these devices in the coming years.   

Rising incidence of road accidents and spiraling demand for effective reconstructive surgeries are anticipated to enable positive market growth for cranial fixation and stabilization devices. In addition, increasing incidence of brain cancer, aneurysms, and head trauma is one of the primary growth stimulants for the market. According to statistics published by the Brain Aneurysm Foundation in 2017, around 6 million population in the U.S. alone have brain aneurysm and this number is likely to increase over the forecast.          

Mounting cases of spinal disorders and trauma requiring cranial fixation during surgeries is another factor propelling the market growth. Furthermore, the rising adoption of deep brain stimulation procedures is projected to stoke the growth of the market. Cranial fixation and stabilization devices assist in treating neuro-oncology, spinal disorders, dura mater repair, pelvic or trauma, neurovascular diseases, trans nasal skull-based surgery, and CSF management.

Technological advancements are paving way for novel devices, which are poised to shape the future of the market. Emerging regions offer tremendous growth potential, thanks to improving healthcare infrastructure. However, the dearth of expertise is expected to act as a stumbling stone in the development of the market.

Product Insights

The fixation product segment accounted for the largest revenue share in 2017. The segment is estimated to retain its position until 2025. Rising adoption of cranial fixation systems due to the high incidence of head injuries and skull fractures is the key factor contributing to the dominance of the segment. Statistics published by CDC indicate that traumatic brain injury (TBI) is one of the major causes of deaths in the U.S. In the country, every day 153 people die from injuries that include TBI.

On the other hand, the stabilization segment is anticipated to witness lucrative growth in the coming years due to the growing demand from neurosurgeons. It offers stability to the head while performing neurosurgeries. There are two types of stabilization instruments, skull clamps, and horseshoe headrest.

End-use Insights

Based on end use, hospitals were the leading revenue contributor in the global cranial fixation and stabilization market. The segment will continue to lead the market until 2025, owing to a large number of neurosurgery performed in these facilities. Statistics published by the National Center of Biotechnology Information, around 23 to 24 million people in the world get injured due to road accidents every year, and around 200 people dies in road accidents in the U.S. alone.

This showcases the high demand for surgical procedures in hospitals in the coming years. However, the high treatment cost and maximum hospital stay in the outpatient department are some of the factors responsible for declining the share of hospital segments over the forecast period.

Ambulatory surgical centers (ACS) are expected to witness significant growth in the coming years as they offer surgical procedures at a lower cost as compared to hospitals. In addition, in 2015 the Centers for Medicare and Medicaid Services (CMS) approved various spine surgery codes that neurosurgeons can perform at ACS, this will be contributing further towards the changing patient’s preference towards ambulatory care units over the forecast period.

Regional Insights

North America accounted for approximately 55.0% of the market share as of 2017. This is due to the presence of large number of surgical centers and hospitals for cranial surgeries and the demand for technologically advanced surgical devices for neurosurgery. Moreover, rising incidence of brain cancer and high incidence of road accidents in this region are some other factors attributing to its regional market share.

The demand in Asia Pacific region is expected to increase at a lucrative rate due to increasing industrialization that resulted into the incidence of road accidents over the forecast period. Increasing investments by multinational players, government, and other private organizations for developing improved healthcare infrastructure in this region is expected to contribute towards the industry growth in the Asia Pacific region.

Cranial Fixation and Stabilization Devices Market Share Insights

The industry is marked by the presence of various small and large medical device manufacturing companies offering products for cranial stabilization and fixation during surgeries. The cranial fixation and stabilization devices market is competitive in nature. It is dominated by major participants such as. Integra LifeSciences Corporation, Stryker, KLS Martin Group, and B. Braun Melsungen AG. The other market participant contributing significantly are Ostomed, Medtronic, and Johnson & Johnson.

Companies are focusing on implementing strategies such as regional expansion, new product developments, partnership agreements, and distribution agreements to increase their revenue share. For instance, in April 2016, Stryker completed the acquisition of Synergetics USA, Inc.'s neuro portfolio in a probe to gain more market share.

Cranial Fixation and Stabilization Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global cranial fixation and stabilization devices market report on the basis of product, end-use, and region:

• Product Outlook (Revenue, USD Million; 2014 - 2025)

  • Cranial Fixation Devices

  • Cranial Stabilization Devices

• End-use Outlook (Revenue, USD Million; 2014 - 2025)

  • Hospitals

  • Ambulatory Surgical Centers

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa