(MENAFN- EIN Presswire)
Cranial Implants Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only!
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 Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only!
What is the Projected Growth and Market Size of the Global Cranial Implants Market?
The cranial implants market size has witnessed remarkable growth in recent years, and it seems the upward trajectory is set to continue. The market is expected to 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 largely be attributed to the increased prevalence of trauma and injury cases, a rise in neurological surgeries, the adoption of patient-specific implants, an aging population, regulatory compliance, and a surge in medical tourism.
Explore Comprehensive Insights Into The Global Cranial Implants Market With A Detailed Sample Report:
What Are The Factors Driving The Growth Of The Cranial Implants Market?
Looking ahead, the cranial implants market size is expected to experience accelerated growth, predicted to reach $1.82 billion by 2028, growing at a compound annual growth rate CAGR of 10.2%. The significant growth forecasted for this period can be attributed to emerging technologies, the increase in minimally invasive procedures, a rise in neurological disorders, the expansion of telemedicine and remote surgery, and a growing need for biocompatible materials.
The ascent of neurological diseases, coupled with an increase in road accidents, is expected to spur the growth of the cranial implants market. For instance, Parkinson's disease is the second most common age-related neurological disorder after Alzheimer's disease. A cranial implant enables doctors to study the brain without having to introduce a new hole in the skull each time, simplifying the treatment of neurological disorders. The Parkinson's Foundation reported in September 2021 that around one in six people in the UK have at least one neurological condition, with an estimated 600,000 people diagnosed each year, underlining the rising prevalence of neurological diseases that is driving the cranial implants market growth.
Secure Your Complete Detailed Report For Easy Accessibility And Immediate Delivery:
Who Are The Major Players In The Cranial Implants Market And What Are Their Strategies?
Major companies operating in the cranial implants market include B. Braun Melsungen AG, DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., Kelyniam Global Inc., Medartis Holding AG, Osteomed LLC, KLS Martin Group, Renishaw plc, Xilloc Medical B.V., Medtronic plc, and others. These players are heavily investing in innovation and new technologies, such as 3D printing technology, to maintain a competitive edge and increase their profitability in the market.
For instance, in October 2023, 3D Systems, a US-based 3D printer manufacturing company launched 3D printing technology for cranial implants. The PEEK polyetheretherketone implant is specifically designed to fit the individual patient's anatomy. Custom implants that meet legal requirements can be produced using 3D printing. This tailored approach guarantees a better fit and improved patient outcomes.
How Is The Global Cranial Implants Market Segmented?
The cranial implants market 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
What Can We Expect From Regional Markets?
In terms of regions, North America was the largest market for cranial implants in 2023. However, Asia-Pacific is predicted to record the fastest growth over the forecast period. The vibrant regional markets covered in the cranial implants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Browse more similar reports-
Medical And Diagnostic Laboratory Services Global Market Report 2024
Neurology Devices Global Market Report 2024
Neurosurgery Devices And Equipment Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company:
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at ...
Follow us on:
LinkedIn:
YouTube:
Global Market Model: global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN27112024003118003196ID1108930912
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.