Cranial Implants Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

The cranial implants market share is expected to increase by USD 351.45 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.38%.

This cranial implants market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cranial implants market segmentations by product (customized cranial implants and non-customized cranial implants), end user (hospitals, ASCs, and specialty neurosurgery clinics), and geography (North America, Europe, APAC, South America, North America, Europe, APAC, and South America). The cranial implants market report also offers information on several market vendors, including B. Braun Melsungen AG, evonos GmbH & Co.KG, Jeil Medical Corp., Johnson & Johnson, KLS Martin Group, Medartis Holding AG, Medtronic Plc, Renishaw Plc, Stryker Corp., and Zimmer Biomet Holdings Inc. among others.

What will the Cranial Implants Market Size be During the Forecast Period?

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Cranial Implants Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in target population requiring cranial implants is notably driving the cranial implants market growth, although factors such as potential risks/complications of reconstructive surgeries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cranial implants industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cranial Implants Market Driver

The increase in target population requiring cranial implants is a major factor driving the global cranial implants market share growth. Cranioplasty is mainly performed after craniectomy for traumatic injuries. Furthermore, in all age groups, decompressive craniectomies or tumor removals lead to cranioplasty. According to the CDC, every year, TBIs contribute to a large number of deaths and permanent disabilities among people in the US. TBIs caused approximately 61,000 deaths in the US in 2020. Additionally, the cost of fatal TBIs that require hospitalization is approximately 90% of the total TBI medical costs. Furthermore, the annual incidence of brain injuries in Canada is higher than the rate of spinal cord injuries, breast cancer, and human immunodeficiency virus/acquired immunodeficiency syndrome (HIV/AIDS). The estimate of the incidence rate is based on the fact that every three minutes, one person in Canada suffers a traumatic brain injury, while one in three Canadians is impacted by brain injuries. Therefore, the growing number of the target population is expected to increase the use of cranial implants, thereby driving the market growth.

Key Cranial Implants Market Trend

The growing demand for 3D printing/modeling is another factor supporting the global cranial implants market share growth. The advances in medical imaging and instrumentation made the 3D approach a globally accepted method to repair cranial defects. Owing to these advantages, surgeons started using 3D cranial implants in craniotomies to treat various cranial defects/deformities. The growing demand for 3D cranial implants is likely to push manufacturers to offer such implants, which cater to the needs of modern medicine. 3D printing is also called additive manufacturing technology. It is gaining prominence and spreading rapidly in the medical device industry. Many surgeons are ordering 3D printed cranial implants depending upon the patient s CT data. With the aid of CAD-based design that is involved in the integrated manufacturing process, the implants are available in a shorter time, along with a more precise fit, reduced operation time, aesthetic reconstruction, backup implant, and faster delivery process. The growing demand for advanced cranial implants among end-users is encouraging vendors to design and develop novel implants and are investing more in R&D activities. Essentially, the growing trend of 3D printed cranial implants for craniotomies is likely to propel the market during the forecast period.

Key Cranial Implants Market Challenge

The potential risks/complications of reconstructive surgeries will be a major challenge for the global cranial implants market share growth during the forecast period. Complications or unintended events may occur during the cranial surgery, as the surgical procedure itself is complex and should be performed without any error. Though medical technology is getting advanced with sophisticated healthcare infrastructure, immediate complications may arise, such as fever, seizures, fluid leaking from the wound, and swelling or infection in the wound. Cranial surgeries involving bone reconstructions may result in major blood loss, which might trigger body transfusion. Furthermore, inadvertent dural tears may occur, which might go unnoticed during the surgery procedures, which results in CSF leaks into the wound. This can be managed with the use of an intracath. Hence, the materials, which are used to prepare implants, may or may not trigger infections or any other potential side effects. Therefore, it is evident that cranioplasty surgery involves potential risks and complications, which may hamper the market growth.

This cranial implants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cranial implants market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cranial implants market during the forecast period.

Who are the Major Cranial Implants Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• B. Braun Melsungen AG
• evonos GmbH & Co.KG
• Jeil Medical Corp.
• Johnson & Johnson
• KLS Martin Group
• Medartis Holding AG
• Medtronic Plc
• Renishaw Plc
• Stryker Corp.
• Zimmer Biomet Holdings Inc.

This statistical study of the cranial implants market encompasses successful business strategies deployed by the key vendors. The cranial implants market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• B. Braun Melsungen AG- It is a double-sided clamp based system, which is used for the fixation of bone flaps.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cranial implants market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cranial Implants Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cranial implants market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global healthcare equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Cranial Implants Market?

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40% of the market's growth will originate from North America during the forecast period. US is the key market for cranial implants market in North America. Market growth in this region will be slower than the growth of the market in APAC.

Growing demand for patient specific implants will facilitate the cranial implants market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 the outbreak of the COVID-19 pandemic in the region led to a halt in the general operations of healthcare facilities and treatment centers as they became more focused on treating COVID-19 patients, which restricted the number of surgical procedures like cranial implants and negatively impacted the growth of the cranial implants market in the region. Restrictions on medical tourism, following the imposition of restriction on travel, also had a negative impact on the cranial implants market, but the market is expected to grow after the pandemic is contained in the region.

What are the Revenue-generating Product Segments in the Cranial Implants Market?

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The cranial implants market share growth by the customized cranial implants segment will be significant during the forecast period. The factors contributing to the growth of the market include the incorporation of technologically advanced 3D modeling that is widely used in reconstructive surgeries, increasing number of road accidents, which lead to injuries to the skull/cranium and increasing demand for custom-made cranial implants globally.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cranial implants market size and actionable market insights on post COVID-19 impact on each segment.

 

Cranial Implants Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.38%
Market growth 2021-2025	$ 351.45 million
Market structure	Concentrated
YoY growth (%)	6
Regional analysis	North America, Europe, APAC, South America, North America, Europe, APAC, and South America
Performing market contribution	North America at 40%
Key consumer countries	US, Germany, Japan, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	B. Braun Melsungen AG, evonos GmbH & Co.KG, Jeil Medical Corp., Johnson & Johnson, KLS Martin Group, Medartis Holding AG, Medtronic Plc, Renishaw Plc, Stryker Corp., and Zimmer Biomet Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cranial Implants Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cranial implants market growth during the next five years
• Precise estimation of the cranial implants market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cranial implants industry across North America, Europe, APAC, South America, North America, Europe, APAC, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cranial implants market vendors

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