The cranial implants market studied was anticipated to grow with a CAGR of nearly 5.6% during the forecast period. The major factors attributing to the growth of the cranial implants market are a rise in the number of trauma cases, increased geriatric population, and enhanced public health awareness and measures have led to rapid and effective medical interventions.
For instance, in 2018, according to the American Society of Plastic Surgeons, 204,000 Maxillofacial surgeries were recorded worldwide. Furthermore, the rise in government support, combined with increased research activities in technological advancements, fuel the cranial implants market.
Key Market Trends
Customized Cranial Implants is Expected to Hold the Major Market Share in the Cranial Implants Market
The customized cranial implants are expected to account for the largest share of the cranial implants market in the forecasted period owing to their ability to meet the patient's specific needs by customizing the implants based on the injuries or defects, thereby reduced risk of infection. There are also increasing approval of new products by USFDA that drives critical players to launch customized cranial implants with technological advancements in the market, which fuels the growth of the segment.
The metal implants segment is expected to hold the second-largest revenue due to the availability and long-term success rates of metal implants because of their resistance to infections.
North America Dominates the Market and Expected to do Same in the Forecast Period.
North America has been the primary market for cranial implants, owing to the rise in the number of brain tumor cases and an increase in the adoption of advanced technologies. For instance, according to the 2018 Plastic Surgery Statistics, 5.8 million reconstructive procedures were done worldwide, which resulted in high demand for the cranial implants fueling the market in the region.
Globally, the cranial implants market is expected to witness the fastest growth in Asia-Pacific during the forecast period due to the increasing inclination towards technological advancements and R&D activities in the region. However, the high cost of plastic surgery and cranioplasty procedures, along with risks of infections and unfavorable scarring, restrain the growth of cranial implants market in the region.
Competitive Landscape
The Cranial Implants Market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some prominent players are launching new products, while others are distributing the products. Some of the companies which are currently dominating the market are B. Braun Melsungen AG, Johnson & Johnson, KLS Martin Group, Stryker Corporation, and ZIMMER BIOMET HOLDINGS INC.
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For instance, in 2018, according to the American Society of Plastic Surgeons, 204,000 Maxillofacial surgeries were recorded worldwide. Furthermore, the rise in government support, combined with increased research activities in technological advancements, fuel the cranial implants market.
Key Market Trends
Customized Cranial Implants is Expected to Hold the Major Market Share in the Cranial Implants Market
The customized cranial implants are expected to account for the largest share of the cranial implants market in the forecasted period owing to their ability to meet the patient's specific needs by customizing the implants based on the injuries or defects, thereby reduced risk of infection. There are also increasing approval of new products by USFDA that drives critical players to launch customized cranial implants with technological advancements in the market, which fuels the growth of the segment.
The metal implants segment is expected to hold the second-largest revenue due to the availability and long-term success rates of metal implants because of their resistance to infections.
North America Dominates the Market and Expected to do Same in the Forecast Period.
North America has been the primary market for cranial implants, owing to the rise in the number of brain tumor cases and an increase in the adoption of advanced technologies. For instance, according to the 2018 Plastic Surgery Statistics, 5.8 million reconstructive procedures were done worldwide, which resulted in high demand for the cranial implants fueling the market in the region.
Globally, the cranial implants market is expected to witness the fastest growth in Asia-Pacific during the forecast period due to the increasing inclination towards technological advancements and R&D activities in the region. However, the high cost of plastic surgery and cranioplasty procedures, along with risks of infections and unfavorable scarring, restrain the growth of cranial implants market in the region.
Competitive Landscape
The Cranial Implants Market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some prominent players are launching new products, while others are distributing the products. Some of the companies which are currently dominating the market are B. Braun Melsungen AG, Johnson & Johnson, KLS Martin Group, Stryker Corporation, and ZIMMER BIOMET HOLDINGS INC.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
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This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- B. Braun Melsungen AG
- Johnson & Johnson
- KLS Martin Group
- Stryker Corporation
- ZIMMER BIOMET HOLDINGS INC
- Anatomics Pty Ltd.
- BioArchitects
- Bioplate Inc
- EUROS SAS
- evonos GmbH & Co. KG
Methodology
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