Cranial fixation system is specifically designed for structural stability of the skull. These systems are used during neuro or spinal surgeries. Brain surgeries are quite delicate and the most demanding surgeries. The global cranial fixation and stabilization systems market is driven by increase in prevalence of neurological diseases such as epilepsy, stroke, Parkinson’s disease, neuroinfections, and traumatic injuries. Increase in the number of skilled health care professionals, favorable reimbursement policies, surge in cases of road accidents and fall injuries are expected to drive the market. Focus on 3D printed products is another factor expected to boost the growth of the market. However, lack of health care facilities in developing countries such as ill-equipped hospitals or shortage of health care professionals, high cost of surgeries, and lack of awareness which causes late diagnosis of diseases are anticipated to act as major restraints of the global cranial fixation and stabilization systems market.
The global cranial fixation and stabilization systems market can be segmented based on product type, material, end-user, and region. In terms of product type, the global market can be classified into screws, meshes, skull clamps, horseshoe headrests, accessories, adaptors, arms, and base units. The meshes segment is expected to dominate the global cranial fixation and stabilization system market. Based on material, the global cranial fixation and stabilization systems market can be bifurcated into non-resorbable and absorbable. In terms of end-user, the global market can be categorized into hospitals and ambulatory surgical centers. The hospitals segment held the largest market share in 2017 due to large number of brain and spinal surgeries carried out in hospitals.
In terms of region, the global cranial fixation and stabilization market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe dominate the global cranial fixation and stabilization systems market due to favorable reimbursement policies, high awareness about diagnosis and treatment options for neurological disorders, and well-structured hospital system with highly skilled medical professionals. According to the article “The Burden of Neurological Disease in the United States”, 5.3 million individuals suffer from Alzheimer’s disease in the U.S. and approximately 2.2 million individuals suffer from other forms of dementia. Asia Pacific is a potential market for cranial fixation and stabilization systems. Increase in government investment in health care and rise in number well-structured hospital systems with highly skilled medical professionals with specialization in neuroscience drive the cranial fixation and stabilization system market in Asia Pacific. An article published in NCBI, in 2014, stated that the prevalence rate of neurological disorders in India ranged from 967 to 4,070 i.e., an estimated 30 million individuals suffering from neurological disorders in the country. The prevalence rates are high in the rural regions in India, with 6 million to 8 million individuals suffering from epilepsy. The prevalence rate of stroke, Parkinson’s disease, neuroinfections, and traumatic injuries are high across the globe. The cranial fixation and stabilization systems market in Asia Pacific is also driven by technological advancements in medical instruments in India, China, and Japan and favorable reimbursement policies in countries such as Australia and New Zealand. Latin America and Middle East and Africa are emerging market for cranial fixation and stabilization systems.
Key players in the global cranial fixation and stabilization systems market are Becton, Dickinson and Company, Terumo Corporation, Teleflex Incorporated, Smiths Group plc, Aesculap (B. Braun Melsungen AG), Edward Lifesciences Corporation, Medtronic, Merit Medical System, Inc., Boston Scientific, NIPRO Medical Corporation, AngioDynamics, Ameco Medical Industries, and OSCOR Inc., among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.