The Cranial Implants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cranial Implants Global Market Report 2024, 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.
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.
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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
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 (polyetheretherketone) 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.
The cranial implants market report table of contents includes:
1. Executive Summary
2. Cranial Implants Market Characteristics
3. Cranial Implants Market Trends And Strategies
4. Cranial Implants Market – Macro Economic Scenario
5. Global Cranial Implants Market Size and Growth
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26. South America Cranial Implants Market
27. Brazil Cranial Implants Market
28. Middle East Cranial Implants Market
29. Africa Cranial Implants Market
30. Cranial Implants Market Competitive Landscape And Company Profiles
Top Major Players:
- Braun Melsungen AG
- DePuy Synthes Inc
- Stryker Corporation
- Zimmer Biomet Holdings Inc
- Kelyniam Global Inc
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