In a recent report titled “Cranial Stabilization Devices Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” Future Market Insights examines the development of the global market for cranial stabilisation devices over a ten-year assessment period. Over the course of the forecast period, it is anticipated that the market for cranial stabilisation devices will grow significantly. The global market for cranial stabilisation devices is experiencing revenue growth as a result of technological developments in the neuroscience field. The market for cranial stabilisation devices is predicted to generate US$ 472.9 million in revenue by the end of 2017 and US$ 792.8 million by the end of 2027. Sales revenue is projected to grow at a strong CAGR of 5.3% between 2017 and 2027.
Global Cranial Stabilisation Devices Market: Key Trends
- Steady growth in neurosurgical procedures across the globe
- Increasing consolidations among key market players
- Rising preference for branded products
- Increasing awareness regarding regulatory concerns
- Rapidly expanding healthcare facilities across the globe
- Increasing spending on healthcare facilities across the world
Cranial Stabilization Devices Market: Macro Economic Factors
Government officials have been enticing start-up businesses and MNCs to boost industrial growth in the healthcare and medical device sectors over the past few years in the Asia Pacific, Middle East, and Africa regions. Leading companies are utilising economies of scale to boost their market share in the medical device industry. The market for cranial stabilisation devices will probably benefit from this.
The incidence of serious illnesses is rising due to people’s changing lifestyles, which is driving up demand for neurology procedures globally. Over time, it is anticipated that both the direct and indirect costs of treating neurological diseases and disorders will rise. Another element that could have an impact on the increase in revenue is the global cranial stabilisation devices market.
Global Cranial Stabilisation Devices Market: Segmental Forecast
The global market for cranial stabilisation devices is divided into three product categories based on product type: horseshoe headrests, skull clamp systems, and brain retractor systems. In terms of revenue, the brain retractor system segment dominated the global cranial stabilisation devices market in 2016, and the trend is anticipated to persist for the duration of the forecast period. With an attractiveness index of 1.6, the brain retractor system segment is predicted to be the most profitable of all product types.
The market is divided into hospitals, ambulatory surgical centres, and specialised centres based on end use. With a market share index of 0.7, the segment of specialised centres is anticipated to be the second-largest market for cranial stabilisation devices. With a market share index of, ambulatory surgical centres remain the third-largest market.
Global Cranial Stabilisation Devices Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA are some of the major regions monitored in this report. Over the forecast period, the market revenue for APEJ cranial stabilisation devices is anticipated to grow significantly. Due to rising demand for cranial stabilisation tools like horseshoe headrests, skull clamp systems, and brain retractor systems, APEJ continues to be the third-largest market. In terms of revenue, North America dominated the global market for cranial stabilisation devices in 2016, and this trend is anticipated to hold throughout the forecast period. With an attractiveness index of 2.8, the market for cranial stabilisation devices in North America is predicted to be the most lucrative of all regional markets.
Global Cranial Stabilisation Devices Market: Key Players
- Micromar Ind.
- Com. Ltda
- Pro Med Instruments, Inc.
- Integra LifeSciences Corporation
- Changzhou Huida Medical Equipment Co. Ltd.
Market TaxonomyBy Product Type
- Horseshoe Headrest
- Skull Clamp Systems
- Brain Retractor System
By End User
- Ambulatory Surgical Centres
- Specialised Centres